013: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
013
Largest movements
- Stocks and contracts +€33,519
up €33,519 (+31.8%), from €105,485 to €139,005
- Tangible fixed assets -€11,510
down €11,510 (-45.1%), from €25,495 to €13,985
of which Plant, machinery and equipment: -€9,992
- Cash +€8,597
up €8,597 (+39.1%), from €21,963 to €30,561
mainly Trade debts (+€26,952) and Net result for the year (+€20,936)
- Deferred charges and accrued income -€4,337
no longer reported in 2025 (was €4,337)
- Trade debts +€26,952
up €26,952 (+216.7%), from €12,435 to €39,387
- Reserves +€20,936
up €20,936 (+41.9%), from €50,000 to €70,936
- Tax, wage and social debts -€18,047
down €18,047 (-37.8%), from €47,696 to €29,650
of which Taxes: -€18,649
- Current portion of long-term debt -€3,383
down €3,383 (-40.7%), from €8,310 to €4,927
- Gross operating margin +€37,143
up €37,143 (+69.1%), from €53,736 to €90,878
- Staff costs +€9,882
up €9,882 (+26.7%), from €37,079 to €46,961
- Financial charges +€3,983
up €3,983 (+291.4%), from €1,367 to €5,350
- Taxes +€3,167
up €3,167 (+211.1%), from €1,500 to €4,667
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,052 | €201,368 | +€26,316 | +15.0% |
| Fixed assets | 21/28 | €34,184 | €22,445 | -€11,739 | -34.3% |
| Intangible fixed assets | 21 | €1,505 | €984 | -€521 | -34.6% |
| Tangible fixed assets | 22/27 | €25,495 | €13,985 | -€11,510 | -45.1% |
| Plant, machinery and equipment | 23 | €22,090 | €12,098 | -€9,992 | -45.2% |
| Furniture and vehicles | 24 | €3,405 | €1,887 | -€1,518 | -44.6% |
| Financial fixed assets | 28 | €7,185 | €7,477 | +€292 | +4.1% |
| Current assets | 29/58 | €140,867 | €178,923 | +€38,055 | +27.0% |
| Stocks and contracts in progress | 3 | €105,485 | €139,005 | +€33,519 | +31.8% |
| Stocks | 30/36 | €105,485 | €139,005 | +€33,519 | +31.8% |
| Amounts receivable within one year | 40/41 | €9,082 | €9,358 | +€275 | +3.0% |
| Trade receivables | 40 | - | €275 | +€275 | |
| Other amounts receivable | 41 | €9,082 | €9,082 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,963 | €30,561 | +€8,597 | +39.1% |
| Deferred charges and accrued income | 490/1 | €4,337 | - | -€4,337 | |
| Total equity and liabilities | 10/49 | €175,052 | €201,368 | +€26,316 | +15.0% |
| Equity | 10/15 | €104,755 | €125,691 | +€20,936 | +20.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,000 | €70,936 | +€20,936 | +41.9% |
| Distributable reserves | 133 | €50,000 | €70,936 | +€20,936 | +41.9% |
| Profit (loss) carried forward | 14 | €42,355 | €42,355 | = | 0.0% |
| Amounts payable | 17/49 | €70,297 | €75,677 | +€5,380 | +7.7% |
| Amounts payable within one year | 42/48 | €70,297 | €75,677 | +€5,380 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €8,310 | €4,927 | -€3,383 | -40.7% |
| Trade debts | 44 | €12,435 | €39,387 | +€26,952 | +216.7% |
| Suppliers | 440/4 | €12,435 | €39,387 | +€26,952 | +216.7% |
| Taxes, remuneration and social security | 45 | €47,696 | €29,650 | -€18,047 | -37.8% |
| Taxes | 450/3 | €43,858 | €25,209 | -€18,649 | -42.5% |
| Remuneration and social security | 454/9 | €3,838 | €4,441 | +€602 | +15.7% |
| Other amounts payable | 47/48 | €1,856 | €1,713 | -€142 | -7.7% |
| Remuneration, social security and pensions | 62 | €37,079 | €46,961 | +€9,882 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,191 | €12,031 | +€839 | +7.5% |
| Other operating charges | 640/8 | €644 | €934 | +€290 | +45.1% |
| Gross operating margin | 9900 | €53,736 | €90,878 | +€37,143 | +69.1% |
| Operating profit (loss) | 9901 | €4,821 | €30,952 | +€26,131 | +542.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,367 | €5,350 | +€3,983 | +291.4% |
| Recurring financial charges | 65 | €1,367 | €5,350 | +€3,983 | +291.4% |
| Profit (loss) for the period before taxes | 9903 | €3,454 | €25,604 | +€22,149 | +641.2% |
| Income taxes | 67/77 | €1,500 | €4,667 | +€3,167 | +211.1% |
| Profit (loss) for the period | 9904 | €1,954 | €20,936 | +€18,982 | +971.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,954 | €20,936 | +€18,982 | +971.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.