101 PRODUCT DESIGN: 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.
101 PRODUCT DESIGN
Largest movements
- Tangible fixed assets -€9,305
down €9,305 (-6.0%), from €155,315 to €146,010
of which Land and buildings: -€6,187
- Receivables within one year -€8,440
down €8,440 (-5.9%), from €143,262 to €134,822
of which Trade receivables: -€13,443
- Financial fixed assets +€3,650
up €3,650 (+212%), from €1,720 to €5,370
- Debts after one year -€13,333
down €13,333 (-53.2%), from €25,049 to €11,716
- Tax, wage and social debts -€8,354
down €8,354 (-23.4%), from €35,692 to €27,338
of which Taxes: -€8,354
- Trade debts +€7,661
up €7,661 (+9.5%), from €80,895 to €88,556
- Gross operating margin +€12,217
up €12,217 (+299%), from €4,087 to €16,304
- Depreciation -€3,068
down €3,068 (-24.8%), from €12,374 to €9,305
- Other operating charges +€2,359
up €2,359 (+72.6%), from €3,247 to €5,606
- Financial charges -€1,417
down €1,417 (-63.0%), from €2,250 to €832
- Taxes +€862
new in 2025: €862
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 | €340,505 | €326,177 | -€14,328 | -4.2% |
| Fixed assets | 21/28 | €157,035 | €151,380 | -€5,655 | -3.6% |
| Tangible fixed assets | 22/27 | €155,315 | €146,010 | -€9,305 | -6.0% |
| Land and buildings | 22 | €148,926 | €142,739 | -€6,187 | -4.2% |
| Plant, machinery and equipment | 23 | €5,770 | €2,961 | -€2,809 | -48.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Other tangible fixed assets | 26 | €619 | €309 | -€309 | -50.0% |
| Financial fixed assets | 28 | €1,720 | €5,370 | +€3,650 | +212% |
| Current assets | 29/58 | €183,470 | €174,797 | -€8,673 | -4.7% |
| Amounts receivable within one year | 40/41 | €143,262 | €134,822 | -€8,440 | -5.9% |
| Trade receivables | 40 | €78,472 | €65,029 | -€13,443 | -17.1% |
| Other amounts receivable | 41 | €64,789 | €69,792 | +€5,003 | +7.7% |
| Current investments | 50/53 | €2,260 | €2,260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,948 | €35,515 | -€2,433 | -6.4% |
| Deferred charges and accrued income | 490/1 | - | €2,200 | +€2,200 | |
| Total equity and liabilities | 10/49 | €340,505 | €326,177 | -€14,328 | -4.2% |
| Equity | 10/15 | €185,536 | €185,234 | -€302 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,355 | €11,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,981 | €167,679 | -€302 | -0.2% |
| Amounts payable | 17/49 | €154,969 | €140,943 | -€14,026 | -9.1% |
| Amounts payable after more than one year | 17 | €25,049 | €11,716 | -€13,333 | -53.2% |
| Financial debts | 170/4 | €25,049 | €11,716 | -€13,333 | -53.2% |
| Amounts payable within one year | 42/48 | €129,920 | €129,227 | -€693 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | = | 0.0% |
| Trade debts | 44 | €80,895 | €88,556 | +€7,661 | +9.5% |
| Suppliers | 440/4 | €80,895 | €88,556 | +€7,661 | +9.5% |
| Taxes, remuneration and social security | 45 | €35,692 | €27,338 | -€8,354 | -23.4% |
| Taxes | 450/3 | €35,368 | €27,014 | -€8,354 | -23.6% |
| Remuneration and social security | 454/9 | €324 | €324 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,374 | €9,305 | -€3,068 | -24.8% |
| Other operating charges | 640/8 | €3,247 | €5,606 | +€2,359 | +72.6% |
| Gross operating margin | 9900 | €4,087 | €16,304 | +€12,217 | +299% |
| Operating profit (loss) | 9901 | -€11,534 | €1,393 | +€12,927 | |
| Financial charges | 65/66B | €2,250 | €832 | -€1,417 | -63.0% |
| Recurring financial charges | 65 | €2,250 | €832 | -€1,417 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,784 | €560 | +€14,344 | |
| Income taxes | 67/77 | - | €862 | +€862 | |
| Profit (loss) for the period | 9904 | -€13,784 | -€302 | +€13,482 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,784 | -€302 | +€13,482 | +97.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.