1,618: 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.
1,618
Largest movements
- Cash +€85,398
up €85,398 (+148.3%), from €57,586 to €142,984
mainly Depreciation (+€112,624) and Net result for the year (+€64,368)
- Receivables within one year -€52,857
down €52,857 (-9.9%), from €533,588 to €480,731
of which Trade receivables: -€39,602
- Other debts -€68,298
down €68,298 (-8.8%), from €779,371 to €711,073
- Profit (loss) carried forward +€64,368
up €64,368 (+47.1%), from €136,530 to €200,898
- Provisions +€35,348
up €35,348 (+267.7%), from €13,205 to €48,552
- Depreciation +€50,499
up €50,499 (+81.3%), from €62,124 to €112,624
- Gross operating margin +€43,048
up €43,048 (+7.6%), from €568,738 to €611,786
- Staff costs +€41,893
up €41,893 (+12.4%), from €336,543 to €378,436
- Taxes -€35,718
down €35,718 (-59.4%), from €60,132 to €24,414
- Other operating charges -€11,067
down €11,067 (-31.8%), from €34,836 to €23,770
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 | €1,276,961 | €1,319,782 | +€42,821 | +3.4% |
| Fixed assets | 21/28 | €673,205 | €676,439 | +€3,235 | +0.5% |
| Intangible fixed assets | 21 | €31,516 | €26,975 | -€4,541 | -14.4% |
| Tangible fixed assets | 22/27 | €641,689 | €649,464 | +€7,775 | +1.2% |
| Plant, machinery and equipment | 23 | €510,370 | €539,914 | +€29,544 | +5.8% |
| Furniture and vehicles | 24 | €131,319 | €109,550 | -€21,768 | -16.6% |
| Current assets | 29/58 | €603,757 | €643,343 | +€39,586 | +6.6% |
| Stocks and contracts in progress | 3 | €9,763 | €12,293 | +€2,530 | +25.9% |
| Stocks | 30/36 | €9,763 | €12,293 | +€2,530 | +25.9% |
| Amounts receivable within one year | 40/41 | €533,588 | €480,731 | -€52,857 | -9.9% |
| Trade receivables | 40 | €520,141 | €480,540 | -€39,602 | -7.6% |
| Other amounts receivable | 41 | €13,447 | €191 | -€13,255 | -98.6% |
| Cash at bank and in hand | 54/58 | €57,586 | €142,984 | +€85,398 | +148.3% |
| Deferred charges and accrued income | 490/1 | €2,819 | €7,335 | +€4,516 | +160.2% |
| Total equity and liabilities | 10/49 | €1,276,961 | €1,319,782 | +€42,821 | +3.4% |
| Equity | 10/15 | €147,055 | €211,423 | +€64,368 | +43.8% |
| Contributions | 10/11 | €8,670 | €8,670 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,530 | €200,898 | +€64,368 | +47.1% |
| Provisions and deferred taxes | 16 | €13,205 | €48,552 | +€35,348 | +267.7% |
| Provisions for liabilities and charges | 160/5 | €13,205 | €48,552 | +€35,348 | +267.7% |
| Major repairs and maintenance | 162 | €13,205 | €48,552 | +€35,348 | +267.7% |
| Amounts payable | 17/49 | €1,116,702 | €1,059,807 | -€56,895 | -5.1% |
| Amounts payable within one year | 42/48 | €1,116,702 | €1,059,741 | -€56,961 | -5.1% |
| Trade debts | 44 | €245,033 | €255,680 | +€10,647 | +4.3% |
| Suppliers | 440/4 | €245,033 | €255,680 | +€10,647 | +4.3% |
| Taxes, remuneration and social security | 45 | €92,297 | €92,988 | +€691 | +0.7% |
| Taxes | 450/3 | €62,887 | €59,154 | -€3,733 | -5.9% |
| Remuneration and social security | 454/9 | €29,410 | €33,834 | +€4,424 | +15.0% |
| Other amounts payable | 47/48 | €779,371 | €711,073 | -€68,298 | -8.8% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Remuneration, social security and pensions | 62 | €336,543 | €378,436 | +€41,893 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,124 | €112,624 | +€50,499 | +81.3% |
| Other operating charges | 640/8 | €34,836 | €23,770 | -€11,067 | -31.8% |
| Gross operating margin | 9900 | €568,738 | €611,786 | +€43,048 | +7.6% |
| Operating profit (loss) | 9901 | €135,234 | €96,957 | -€38,277 | -28.3% |
| Financial income | 75/76B | €293 | - | -€293 | |
| Recurring financial income | 75 | €293 | - | -€293 | |
| Financial charges | 65/66B | €7,175 | €8,174 | +€1,000 | +13.9% |
| Recurring financial charges | 65 | €7,175 | €8,174 | +€1,000 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €128,353 | €88,783 | -€39,570 | -30.8% |
| Income taxes | 67/77 | €60,132 | €24,414 | -€35,718 | -59.4% |
| Profit (loss) for the period | 9904 | €68,221 | €64,368 | -€3,852 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,221 | €64,368 | -€3,852 | -5.6% |
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 8 October 2026 via checked.be.