CONNECT & TRANSFORM
Annual accounts 2025
micro format, filed on 04-03-2026, 57 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €211,864 on 30-09-2025in euro
in euro
Position in the sector
89.4%
Higher than 88% of 39,364 companies in 2025.
8.23
Higher than 87% of 38,048 companies in 2025.
-43.0%
Lower than 95% of 38,520 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
211,864 | 287,390 | 292,972 | 296,884 | 323,873 | 307,346 | 291,632 | 306,705 | 337,236 | 260,214 | 295,061 | 287,703 | 274,282 | 290,586 | 275,855 | 388,740 | 386,772 | 458,882 | 458,853 | |
21/28 |
27,779 | 38,665 | 30,148 | 32,275 | 52,280 | 59,806 | 47,947 | 37,225 | 43,606 | 59,340 | 88,804 | 117,370 | 146,236 | 175,153 | 184,995 | 212,581 | 243,227 | 275,959 | 319,314 | |
21 |
15,345 | 23,971 | 21,789 | 18,188 | 32,464 | 21,839 | - | - | - | - | - | - | 4,827 | 5,281 | 5,735 | 6,188 | 6,642 | 7,889 | 2,204 | |
22/27 |
12,434 | 14,694 | 8,358 | 14,087 | 19,815 | 37,968 | 47,947 | 37,225 | 43,606 | 59,340 | 88,804 | 117,370 | 141,409 | 169,872 | 179,260 | 206,393 | 236,585 | 268,070 | 317,110 | |
22 |
- | - | 358 | 893 | 1,428 | 14,387 | 19,173 | 25,742 | 30,256 | 47,392 | 69,680 | 92,415 | 116,565 | 139,463 | 165,103 | 188,759 | 214,644 | 240,529 | 266,414 | |
23 |
8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 11,233 | 13,100 | 11,698 | 14,281 | 15,519 | 10,815 | 11,788 | 13,128 | 12,297 | 12,296 | 13,588 | 12,296 | |
24 |
4,434 | 6,694 | - | 5,194 | 10,387 | 15,581 | 20,774 | 250 | 250 | 250 | 4,843 | 9,436 | 14,029 | 18,621 | 1,029 | 5,337 | 9,645 | 13,953 | 38,400 | |
29/58 |
184,085 | 248,725 | 262,824 | 264,609 | 271,593 | 247,539 | 243,685 | 269,480 | 293,630 | 200,874 | 206,257 | 170,333 | 128,046 | 115,433 | 90,860 | 176,159 | 143,545 | 182,923 | 139,539 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,334 | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,334 | - | - | - | - | - | - | |
3 |
4,141 | 4,850 | 5,566 | 9,770 | 9,602 | 6,863 | 7,610 | 3,961 | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
4,141 | 4,850 | 5,566 | 9,770 | 9,602 | 6,863 | 7,610 | 3,961 | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
17,567 | 34,458 | 59,534 | 36,794 | 15,357 | 49,178 | 31,269 | 66,696 | 36,484 | 36,527 | 44,062 | 44,741 | 53,210 | 15,591 | 20,559 | 39,928 | 16,466 | 36,506 | 16,061 | |
40 |
11,267 | 22,394 | 39,466 | 26,788 | 7,488 | 39,165 | 21,269 | 43,269 | 26,914 | 26,527 | 33,810 | 37,659 | 43,210 | 3,409 | 8,296 | 29,784 | 3,486 | 13,963 | 875 | |
41 |
6,300 | 12,064 | 20,068 | 10,006 | 7,869 | 10,012 | 10,000 | 23,427 | 9,570 | 10,000 | 10,252 | 7,082 | 10,000 | 12,182 | 12,263 | 10,144 | 12,980 | 22,543 | 15,186 | |
50/53 |
135,000 | 155,000 | 110,000 | 110,000 | 60,000 | - | - | - | - | 96,696 | 69,373 | 53,968 | 53,969 | 53,969 | 53,273 | 53,274 | 95,387 | 49,611 | 55,853 | |
54/58 |
27,377 | 54,417 | 87,724 | 108,045 | 186,634 | 191,498 | 204,807 | 198,823 | 257,146 | 67,651 | 92,822 | 71,624 | 14,533 | 45,873 | 17,028 | 73,115 | 31,692 | 96,806 | 67,625 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,842 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
211,864 | 287,390 | 292,972 | 296,884 | 323,873 | 307,346 | 291,632 | 306,705 | 337,236 | 260,214 | 295,061 | 287,703 | 274,282 | 290,586 | 275,855 | 388,740 | 386,772 | 458,882 | 458,853 | |
10/15 |
189,486 | 280,496 | 271,261 | 288,532 | 314,679 | 287,144 | 276,871 | 283,941 | 293,817 | 223,550 | 223,600 | 211,255 | 193,828 | 199,331 | 187,112 | 257,580 | 251,731 | 277,743 | 276,204 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
11 |
- | - | - | - | - | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
170,894 | 261,904 | 252,669 | 269,940 | 296,087 | 268,552 | 258,279 | 265,349 | 275,225 | 204,908 | 205,008 | 192,663 | 175,236 | 180,739 | 168,520 | 238,988 | 233,139 | 259,151 | 257,612 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | 20,650 | - | - | - | |
133 |
148,385 | 239,395 | 230,160 | 247,431 | 273,577 | 246,043 | 235,770 | 242,840 | 252,716 | 182,399 | 182,499 | 170,154 | 152,727 | 158,230 | 146,011 | 216,479 | 231,280 | 257,292 | 255,753 | |
14 |
- | - | - | - | - | - | - | - | - | 50 | - | - | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | - | 7,000 | - | 28,000 | 21,000 | 14,000 | 7,000 | - | 35,000 | 28,000 | 55,000 | 48,000 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 7,000 | - | 35,000 | 28,000 | 55,000 | 48,000 | |
168 |
- | - | - | - | - | - | - | - | 7,000 | - | 28,000 | 21,000 | 14,000 | - | - | - | - | - | - | |
17/49 |
22,378 | 6,894 | 21,711 | 8,352 | 9,194 | 20,202 | 14,760 | 22,764 | 36,419 | 36,664 | 43,461 | 55,448 | 66,454 | 84,255 | 88,743 | 96,160 | 107,041 | 126,139 | 134,649 | |
17 |
- | - | - | - | - | - | - | - | - | 6,000 | 18,000 | 31,231 | 47,281 | 61,214 | 66,000 | 89,000 | 89,000 | 102,000 | 114,000 | |
170/4 |
- | - | - | - | - | - | - | - | - | 6,000 | 18,000 | 31,231 | 47,281 | 61,214 | 66,000 | 89,000 | 89,000 | 102,000 | 114,000 | |
42/48 |
22,378 | 6,894 | 21,711 | 8,352 | 9,194 | 20,202 | 14,760 | 22,764 | 36,419 | 30,664 | 25,461 | 24,217 | 19,173 | 23,041 | 22,743 | 7,160 | 18,041 | 24,139 | 20,649 | |
42 |
- | - | - | - | - | - | 2,500 | 6,667 | 6,000 | 12,000 | 13,230 | 14,058 | 12,000 | 12,000 | 15,333 | 2,500 | 14,500 | 15,333 | 13,500 | |
43 |
- | 3,333 | 3,333 | 3,069 | 3,069 | 2,500 | - | - | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | - | - | - | - | - | |
430/8 |
- | 3,333 | 3,333 | 3,069 | 3,069 | 2,500 | - | - | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | 3,333 | - | - | - | - | - | |
44 |
3,565 | 3,455 | 11,807 | 1,942 | 2,561 | 2,284 | 2,474 | 7,585 | 2,899 | 5,182 | 3,821 | 4,281 | - | 1,203 | 1,791 | 2,630 | 1,317 | 3,609 | 293 | |
440/4 |
3,565 | 3,455 | 11,807 | 1,942 | 2,561 | 2,284 | 2,474 | 7,585 | 2,899 | 5,182 | 3,821 | 4,281 | - | 1,203 | 1,791 | 2,630 | 1,317 | 3,609 | 293 | |
45 |
642 | - | 6,570 | 2,401 | 2,753 | 6,643 | 1,012 | - | 15,983 | 2,390 | 2,247 | - | 3,727 | 6,392 | 5,227 | 1,638 | - | 3,883 | 5,542 | |
450/3 |
642 | - | 6,570 | 2,401 | 2,753 | 6,643 | 1,012 | - | 15,983 | 2,390 | 2,247 | - | 3,727 | 3,714 | 5,227 | 1,638 | - | 3,883 | 1,542 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,678 | - | - | - | - | 4,000 | |
47/48 |
18,171 | 106 | - | 940 | 810 | 8,775 | 8,775 | 8,512 | 8,204 | 7,759 | 2,830 | 2,545 | 113 | 113 | 392 | 392 | 2,224 | 1,314 | 1,314 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 10,260 | 13,111 | 18,979 | - | - | 5,255 | 1,653 | 8,300 | - | - | 203,363 | |
9900 |
-80,372 | 24,886 | 8,331 | -4,542 | 64,329 | 23,782 | 8,661 | -9,253 | 129,072 | -3,072 | 40,449 | 98,404 | 44,180 | 60,309 | -7,228 | 23,875 | 8,045 | 85,737 | -100,036 | |
62 |
- | - | - | - | - | - | - | - | - | - | 5,637 | 31,402 | 13,661 | - | - | - | - | 1,533 | 55,035 | |
630 |
10,886 | 12,558 | 20,377 | 21,067 | 28,527 | 12,733 | 15,246 | 6,381 | 19,466 | 29,464 | 29,910 | 38,521 | 28,917 | 33,536 | 32,303 | 31,785 | 32,732 | 37,714 | 45,683 | |
631/4 |
- | 2,178 | 4,409 | - | - | - | - | - | - | 302 | 4,116 | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | -7,000 | 7,000 | -28,000 | 7,000 | 7,000 | 7,000 | 7,000 | -35,000 | 7,000 | -27,000 | 7,000 | -20,000 | |
640/8 |
- | 582 | 111 | 221 | 223 | 159 | 265 | 55 | 59 | 330 | 55 | - | 50 | 157 | 5,398 | 1,797 | 473 | - | 264 | |
9901 |
-91,258 | 9,569 | -16,566 | -25,831 | 35,579 | 10,891 | -6,850 | -8,689 | 102,547 | -5,168 | -6,269 | 21,481 | -5,448 | 19,616 | -9,929 | -16,707 | 1,840 | 39,490 | -181,018 | |
75/76B |
373 | 149 | 8 | 1 | - | - | 65 | 91 | 10,344 | 148 | 3,386 | 3,363 | 4,122 | 2,302 | 1,464 | 2,997 | 2,174 | 10,722 | 9,298 | |
75 |
373 | 149 | 8 | 1 | - | - | 65 | 91 | 84 | 148 | 3,386 | 3,363 | 4,122 | 2,302 | 1,464 | 2,997 | 2,174 | 10,722 | 9,298 | |
76B |
- | - | - | - | - | - | - | - | 10,260 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
125 | 484 | 713 | 317 | 210 | 618 | 285 | 624 | 16,634 | 8,141 | 6,463 | 3,471 | 4,155 | 4,821 | 4,744 | 6,991 | 7,240 | 11,168 | 9,162 | |
65 |
125 | 484 | 713 | 317 | 210 | 618 | 285 | 624 | 16,634 | 8,141 | 6,463 | 3,471 | 4,155 | 4,821 | 4,744 | 6,991 | 7,240 | 11,168 | 9,162 | |
9903 |
-91,010 | 9,235 | -17,271 | -26,146 | 35,369 | 10,272 | -7,070 | -9,222 | 96,257 | -50 | 9,633 | 21,373 | -5,481 | 22,352 | -11,556 | -12,401 | -3,226 | 39,044 | 22,481 | |
67/77 |
- | - | - | - | 7,835 | - | - | 654 | 25,990 | - | -2,712 | 3,946 | 22 | 7 | 88 | 2,400 | -6,626 | 11,622 | 21,661 | |
9904 |
-91,010 | 9,235 | -17,271 | -26,146 | 27,535 | 10,272 | -7,070 | -9,876 | 70,267 | -50 | 12,345 | 17,427 | -5,503 | 22,345 | -11,644 | -14,801 | 3,400 | 27,422 | 820 | |
9905 |
-91,010 | 9,235 | -17,271 | -26,146 | 27,535 | 10,272 | -7,070 | -9,876 | 70,267 | -50 | 12,345 | 17,427 | -5,503 | 22,345 | -11,644 | -14,801 | 3,400 | 27,422 | 820 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-91,010 | 9,235 | -17,271 | -26,146 | 27,535 | 10,272 | -7,070 | -9,876 | 70,267 | -50 | 12,345 | 17,427 | -5,503 | 22,345 | -11,644 | -14,801 | 3,400 | 27,422 | 820 | |
791/2 |
91,010 | - | 17,271 | 26,146 | - | - | 7,070 | 9,876 | - | 100 | - | - | 5,503 | - | 11,644 | 14,801 | 26,012 | - | - | |
691/2 |
- | 9,235 | - | - | 27,535 | 10,272 | - | - | 70,267 | - | 12,345 | 17,427 | - | 12,219 | - | - | - | 1,539 | 820 | |
6921 |
- | 9,235 | - | - | 27,535 | 10,272 | - | - | 70,267 | - | 12,345 | 17,427 | - | 12,219 | - | - | - | 1,539 | 820 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 10,126 | - | - | 29,412 | 25,883 | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 10,126 | - | - | 29,412 | 25,883 | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 0.4 | 0.3 | - | - | - | - | 0.1 | 1.1 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 779 | 460 | - | - | - | - | 76 | 1,796 | |
| Document | ||||||||||||||||||||
The accounts for 8 older financial years (1999-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 04-03-2026 | 2026-00048339 | |
| 30-09-2024 | micro format | 03-03-2025 | 2025-00043008 | |
| 30-09-2023 | micro format | 26-02-2024 | 2024-00034249 | |
| 30-09-2022 | micro format | 27-02-2023 | 2023-00031485 | |
| 30-09-2021 | micro format | 02-03-2022 | 2022-07100214 | |
| 30-09-2020 | abbreviated format | 02-03-2021 | 2021-06700132 | |
| 30-09-2019 | abbreviated format | 24-03-2020 | 2020-07300483 | |
| 30-09-2018 | abbreviated format | 04-03-2019 | 2019-06300422 | |
| 30-09-2017 | abbreviated format | 27-02-2018 | 2018-06200544 | |
| 30-09-2016 | abbreviated format | 04-01-2017 | 2017-00200123 | |
| 30-09-2015 | abbreviated format | 29-02-2016 | 2016-05500149 | |
| 30-09-2014 | abbreviated format | 09-03-2015 | 2015-05800254 | |
| 30-09-2013 | abbreviated format | 31-03-2014 | 2014-08000347 | |
| 30-09-2012 | abbreviated format | 12-03-2013 | 2013-06200440 | |
| 30-09-2011 | abbreviated format | 13-03-2012 | 2012-06000358 | |
| 30-09-2010 | abbreviated format | 21-03-2011 | 2011-06100316 | |
| 30-09-2009 | abbreviated format | 05-03-2010 | 2010-06300229 | |
| 30-09-2008 | abbreviated format | 17-03-2009 | 2009-07800138 | |
| 30-09-2007 | abbreviated format | 19-03-2008 | 2008-07800128 | |
| 30-09-2006 | abbreviated format | 12-03-2007 | 2007-07203241 | |
| 30-09-2005 | abbreviated format | 22-03-2006 | 2006-07804179 | |
| 30-09-2004 | abbreviated format | 09-03-2005 | 2005-07102310 | |
| 30-09-2003 | abbreviated format | 04-03-2004 | 2004-06302296 | |
| 30-09-2002 | abbreviated format | 21-03-2003 | 2003-08000856 | |
| 30-09-2001 | abbreviated format | 07-05-2002 | 2002-11601487 | |
| 30-09-2000 | abbreviated format | 26-07-2001 | 2001-43001410 | |
| 30-09-1999 | abbreviated format | 17-03-2000 | 2000-06700001 |
Subsidies and aid
Flemish government 2022 to 2025, 3 entries, €578 awarded, €578 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €188 | €188 |
| 2024 | 1 | €225 | €225 |
| 2022 | 1 | €165 | €165 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -80,372 | 22,126 | 3,811 | -4,764 | 64,106 | 23,623 | 8,397 | -2,308 | 122,013 | 24,296 | 23,641 | 60,002 | 23,469 | 53,152 | 22,374 | 15,078 | 34,572 | 77,204 | -135,335 | ||
| -80,124 | 21,792 | 3,106 | -5,079 | 56,062 | 23,005 | 8,176 | -3,495 | 89,733 | 29,414 | 42,255 | 55,948 | 23,414 | 55,881 | 20,659 | 16,984 | 36,132 | 65,136 | 46,503 | ||
| 0 | 21,075 | 18,250 | 1,062 | 21,000 | 24,593 | 25,968 | 0 | 3,732 | 0 | 1,344 | 9,653 | 0 | 23,694 | 4,717 | 1,139 | 0 | 7,550 | 93,471 | ||
| -27,039 | -33,308 | -20,321 | -78,589 | -4,864 | -13,308 | 5,984 | -58,323 | 189,495 | -25,171 | 21,198 | 57,091 | -31,340 | 28,845 | -56,087 | 41,423 | -65,114 | 29,181 | - | ||
| 161,707 | 241,831 | 241,114 | 256,258 | 262,399 | 227,337 | 228,925 | 246,716 | 257,211 | 170,210 | 180,796 | 146,116 | 108,873 | 92,392 | 68,117 | 168,999 | 125,504 | 158,784 | 118,890 | ||
| 89.4% | 97.6% | 92.6% | 97.2% | 97.2% | 93.4% | 94.9% | 92.6% | 87.1% | 85.9% | 75.8% | 73.4% | 70.7% | 68.6% | 67.8% | 66.3% | 65.1% | 60.5% | 60.2% | ||
| 8.23 | 36.08 | 12.11 | 31.68 | 29.54 | 12.25 | 16.51 | 11.84 | 8.06 | 6.55 | 8.10 | 7.03 | 6.68 | 5.01 | 4.00 | 24.60 | 7.96 | 7.58 | 6.76 | ||
| 8.04 | 35.37 | 11.85 | 30.51 | 28.50 | 11.91 | 15.99 | 11.66 | 8.06 | 6.55 | 8.10 | 7.03 | 6.68 | 5.01 | 4.00 | 24.60 | 7.96 | 7.58 | 6.76 | ||
| 0.12 | 0.02 | 0.08 | 0.03 | 0.03 | 0.07 | 0.05 | 0.08 | 0.12 | 0.16 | 0.19 | 0.26 | 0.34 | 0.42 | 0.47 | 0.37 | 0.43 | 0.45 | 0.49 | ||
| -48.0% | 3.3% | -6.4% | -9.1% | 8.8% | 3.6% | -2.6% | -3.5% | 23.9% | 0.0% | 5.5% | 8.2% | -2.8% | 11.2% | -6.2% | -5.7% | 1.4% | 9.9% | 0.3% | ||
| -43.0% | 3.2% | -5.9% | -8.8% | 8.5% | 3.3% | -2.4% | -3.2% | 20.8% | 0.0% | 4.2% | 6.1% | -2.0% | 7.7% | -4.2% | -3.8% | 0.9% | 6.0% | 0.2% | ||
| -643.28 | 45.75 | 5.35 | -15.04 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €6,780 | - | - |
| Intangible fixed assets | - | €14,295 | €18,250 | €1,062 |
| €10,886 | €12,558 | €20,377 | €21,067 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on CONNECT & TRANSFORM
The operating result for 2025 is a loss of €91,258, after a profit of €9,569 in 2024. It is the lowest result since 2007.
Debt's share of the balance-sheet total rises from 2.4% to 10.6%. Equity is lower and debt is higher.