1.2.3. Podium: what changed
Two financial 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.
1.2.3. Podium
Largest movements
- Receivables within one year +€26,292
up €26,292 (+191%), from €13,755 to €40,047
of which Trade receivables: +€26,468
- Stocks and contracts +€8,764
up €8,764 (+3.8%), from €232,866 to €241,630
- Tangible fixed assets -€5,472
down €5,472 (-7.2%), from €76,478 to €71,006
of which Other tangible fixed assets: -€10,675
- Other debts -€98,092
down €98,092 (-86.5%), from €113,370 to €15,278
- Debts after one year +€93,568
up €93,568 (+595%), from €15,725 to €109,293
of which Other amounts payable: +€100,000
- Short-term financial debts +€21,475
up €21,475 (+90.3%), from €23,788 to €45,264
- Trade debts +€12,683
up €12,683 (+73.0%), from €17,379 to €30,062
- Gross operating margin -€33,980
down €33,980 (-32.9%), from €103,171 to €69,191
- Staff costs -€23,692
down €23,692 (-41.2%), from €57,572 to €33,880
- Taxes -€3,185
down €3,185 (-42.5%), from €7,487 to €4,303
- Write-downs +€2,388
up €2,388 (+1,100%), from €217 to €2,605
- Other operating charges +€1,155
up €1,155 (+23.0%), from €5,012 to €6,167
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.
Derived cash bridge
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 | €334,455 | €361,336 | +€26,881 | +8.0% |
| Fixed assets | 21/28 | €76,478 | €71,006 | -€5,472 | -7.2% |
| Tangible fixed assets | 22/27 | €76,478 | €71,006 | -€5,472 | -7.2% |
| Plant, machinery and equipment | 23 | €312 | €5,515 | +€5,203 | +1,668% |
| Other tangible fixed assets | 26 | €76,166 | €65,491 | -€10,675 | -14.0% |
| Current assets | 29/58 | €257,977 | €290,330 | +€32,353 | +12.5% |
| Stocks and contracts in progress | 3 | €232,866 | €241,630 | +€8,764 | +3.8% |
| Stocks | 30/36 | €232,866 | €241,630 | +€8,764 | +3.8% |
| Amounts receivable within one year | 40/41 | €13,755 | €40,047 | +€26,292 | +191% |
| Trade receivables | 40 | €12,747 | €39,215 | +€26,468 | +208% |
| Other amounts receivable | 41 | €1,008 | €832 | -€176 | -17.4% |
| Cash at bank and in hand | 54/58 | €5,183 | €4,144 | -€1,039 | -20.0% |
| Deferred charges and accrued income | 490/1 | €6,173 | €4,509 | -€1,664 | -27.0% |
| Total equity and liabilities | 10/49 | €334,455 | €361,336 | +€26,881 | +8.0% |
| Equity | 10/15 | €94,254 | €97,294 | +€3,040 | +3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €75,400 | €78,400 | +€3,000 | +4.0% |
| Distributable reserves | 133 | €75,400 | €78,400 | +€3,000 | +4.0% |
| Profit (loss) carried forward | 14 | €304 | €344 | +€40 | +13.1% |
| Provisions and deferred taxes | 16 | €3,000 | €3,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,000 | €3,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €237,201 | €261,042 | +€23,841 | +10.1% |
| Amounts payable after more than one year | 17 | €15,725 | €109,293 | +€93,568 | +595% |
| Financial debts | 170/4 | €15,725 | €9,293 | -€6,432 | -40.9% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €216,443 | €148,266 | -€68,177 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €13,188 | €10,939 | -€2,250 | -17.1% |
| Financial debts | 43 | €23,788 | €45,264 | +€21,475 | +90.3% |
| Credit institutions | 430/8 | €23,788 | €45,264 | +€21,475 | +90.3% |
| Trade debts | 44 | €17,379 | €30,062 | +€12,683 | +73.0% |
| Suppliers | 440/4 | €17,379 | €30,062 | +€12,683 | +73.0% |
| Advances received on contracts in progress | 46 | €7,111 | €6,903 | -€209 | -2.9% |
| Taxes, remuneration and social security | 45 | €41,606 | €39,821 | -€1,785 | -4.3% |
| Taxes | 450/3 | €31,385 | €35,356 | +€3,970 | +12.6% |
| Remuneration and social security | 454/9 | €10,220 | €4,465 | -€5,755 | -56.3% |
| Other amounts payable | 47/48 | €113,370 | €15,278 | -€98,092 | -86.5% |
| Accrued charges and deferred income | 492/3 | €5,033 | €3,484 | -€1,550 | -30.8% |
| Non-recurring operating income | 76A | €4,156 | - | -€4,156 | |
| Remuneration, social security and pensions | 62 | €57,572 | €33,880 | -€23,692 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,190 | €11,439 | +€249 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €217 | €2,605 | +€2,388 | +1,100% |
| Other operating charges | 640/8 | €5,012 | €6,167 | +€1,155 | +23.0% |
| Gross operating margin | 9900 | €103,171 | €69,191 | -€33,980 | -32.9% |
| Operating profit (loss) | 9901 | €29,180 | €15,100 | -€14,080 | -48.3% |
| Financial income | 75/76B | €1,244 | €1,207 | -€37 | -3.0% |
| Recurring financial income | 75 | €1,244 | €1,207 | -€37 | -3.0% |
| Financial charges | 65/66B | €7,845 | €8,965 | +€1,119 | +14.3% |
| Recurring financial charges | 65 | €7,845 | €8,965 | +€1,119 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €22,579 | €7,342 | -€15,237 | -67.5% |
| Income taxes | 67/77 | €7,487 | €4,303 | -€3,185 | -42.5% |
| Profit (loss) for the period | 9904 | €15,092 | €3,040 | -€12,052 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,092 | €3,040 | -€12,052 | -79.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.