108: 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.
108
Largest movements
- Cash +€55,770
up €55,770, from €0 to €55,770
mainly Net result for the year (+€168,858) and Depreciation (+€37,022)
- Tangible fixed assets +€42,450
up €42,450 (+47.2%), from €89,896 to €132,346
of which Furniture and vehicles: +€52,176
- Receivables within one year +€29,432
up €29,432 (+23.6%), from €124,607 to €154,039
of which Trade receivables: +€82,192
- Stocks and contracts -€19,000
down €19,000 (-95.7%), from €19,858 to €858
- Reserves +€167,520
up €167,520 (+159.4%), from €105,122 to €272,642
of which Distributable reserves: +€167,520
- Short-term financial debts -€92,858
down €92,858 (-100.0%), from €92,858 to €0
- Trade debts +€25,170
up €25,170 (+361.6%), from €6,961 to €32,131
- Tax, wage and social debts +€21,633
up €21,633 (+2163.3%), from €1,000 to €22,633
of which Taxes: +€21,633
- Debts after one year -€11,751
down €11,751 (-100.0%), from €11,751 to €0
- Gross operating margin +€240,126
up €240,126 (+305.9%), from €78,500 to €318,626
- Taxes +€77,257
up €77,257 (+20578.3%), from €375 to €77,633
- Staff costs -€65,340
down €65,340 (-100.0%), from €65,340 to €0
- Write-downs +€19,000
new in 2025: €19,000
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 | €252,058 | €357,706 | +€105,648 | +41.9% |
| Fixed assets | 21/28 | €107,593 | €146,909 | +€39,316 | +36.5% |
| Intangible fixed assets | 21 | €17,197 | €14,063 | -€3,134 | -18.2% |
| Tangible fixed assets | 22/27 | €89,896 | €132,346 | +€42,450 | +47.2% |
| Land and buildings | 22 | €17,402 | €15,128 | -€2,274 | -13.1% |
| Plant, machinery and equipment | 23 | €37,291 | €29,839 | -€7,452 | -20.0% |
| Furniture and vehicles | 24 | €35,204 | €87,380 | +€52,176 | +148.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €144,465 | €210,797 | +€66,332 | +45.9% |
| Stocks and contracts in progress | 3 | €19,858 | €858 | -€19,000 | -95.7% |
| Stocks | 30/36 | €19,858 | €858 | -€19,000 | -95.7% |
| Amounts receivable within one year | 40/41 | €124,607 | €154,039 | +€29,432 | +23.6% |
| Trade receivables | 40 | €22,745 | €104,938 | +€82,192 | +361.4% |
| Other amounts receivable | 41 | €101,862 | €49,101 | -€52,760 | -51.8% |
| Cash at bank and in hand | 54/58 | €0 | €55,770 | +€55,770 | |
| Deferred charges and accrued income | 490/1 | €0 | €130 | +€130 | |
| Total equity and liabilities | 10/49 | €252,058 | €357,706 | +€105,648 | +41.9% |
| Equity | 10/15 | €122,334 | €291,192 | +€168,858 | +138.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €105,122 | €272,642 | +€167,520 | +159.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,262 | €270,782 | +€167,520 | +162.2% |
| Profit (loss) carried forward | 14 | -€1,338 | €0 | +€1,338 | |
| Amounts payable | 17/49 | €129,724 | €66,515 | -€63,210 | -48.7% |
| Amounts payable after more than one year | 17 | €11,751 | €0 | -€11,751 | -100.0% |
| Financial debts | 170/4 | €11,751 | €0 | -€11,751 | -100.0% |
| Amounts payable within one year | 42/48 | €112,133 | €66,515 | -€45,618 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €11,314 | €11,751 | +€438 | +3.9% |
| Financial debts | 43 | €92,858 | €0 | -€92,858 | -100.0% |
| Credit institutions | 430/8 | €92,858 | €0 | -€92,858 | -100.0% |
| Trade debts | 44 | €6,961 | €32,131 | +€25,170 | +361.6% |
| Suppliers | 440/4 | €6,961 | €32,131 | +€25,170 | +361.6% |
| Taxes, remuneration and social security | 45 | €1,000 | €22,633 | +€21,633 | +2163.3% |
| Taxes | 450/3 | €1,000 | €22,633 | +€21,633 | +2163.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €5,840 | €0 | -€5,840 | -100.0% |
| Non-recurring operating income | 76A | €4,566 | €0 | -€4,566 | -100.0% |
| Remuneration, social security and pensions | 62 | €65,340 | €0 | -€65,340 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,117 | €37,022 | -€1,095 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,000 | +€19,000 | |
| Other operating charges | 640/8 | €1,055 | €1,374 | +€318 | +30.2% |
| Non-recurring operating charges | 66A | - | €9,360 | +€9,360 | |
| Gross operating margin | 9900 | €78,500 | €318,626 | +€240,126 | +305.9% |
| Operating profit (loss) | 9901 | -€26,012 | €251,871 | +€277,883 | |
| Financial income | 75/76B | €323 | €1,164 | +€841 | +260.1% |
| Recurring financial income | 75 | €323 | €1,164 | +€841 | +260.1% |
| Financial charges | 65/66B | €5,399 | €6,544 | +€1,145 | +21.2% |
| Recurring financial charges | 65 | €5,399 | €6,544 | +€1,145 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,089 | €246,490 | +€277,579 | |
| Income taxes | 67/77 | €375 | €77,633 | +€77,257 | +20578.3% |
| Profit (loss) for the period | 9904 | -€31,464 | €168,858 | +€200,322 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,464 | €168,858 | +€200,322 |
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.