120.be: 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.
120.be
Largest movements
- Receivables within one year +€40,720
up €40,720 (+28.9%), from €140,869 to €181,589
of which Other amounts receivable: +€36,558
- Stocks and contracts -€34,182
down €34,182 (-8.8%), from €388,797 to €354,615
- Tangible fixed assets -€13,576
down €13,576 (-23.9%), from €56,742 to €43,166
- Cash -€10,962
down €10,962 (-52.4%), from €20,913 to €9,951
mainly Trade debts (-€76,645) and Receivables within one year (-€40,720)
- Debts after one year +€85,836
up €85,836 (+135.1%), from €63,517 to €149,352
- Trade debts -€76,645
down €76,645 (-62.9%), from €121,876 to €45,231
- Current portion of long-term debt -€14,530
down €14,530 (-48.8%), from €29,767 to €15,237
- Other debts -€7,657
down €7,657 (-6.5%), from €117,553 to €109,896
- Gross operating margin -€16,268
down €16,268 (-15.4%), from €105,319 to €89,051
- Staff costs -€11,742
down €11,742 (-18.0%), from €65,331 to €53,589
- Financial charges -€4,679
down €4,679 (-29.6%), from €15,826 to €11,148
- Financial income +€1,139
up €1,139 (+123.7%), from €921 to €2,060
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 | €610,089 | €596,967 | -€13,123 | -2.2% |
| Fixed assets | 21/28 | €57,192 | €43,616 | -€13,576 | -23.7% |
| Tangible fixed assets | 22/27 | €56,742 | €43,166 | -€13,576 | -23.9% |
| Land and buildings | 22 | €3,067 | €2,217 | -€850 | -27.7% |
| Plant, machinery and equipment | 23 | €6,736 | €4,475 | -€2,261 | -33.6% |
| Furniture and vehicles | 24 | €33,531 | €27,025 | -€6,506 | -19.4% |
| Leasing and similar rights | 25 | €13,408 | €9,449 | -€3,960 | -29.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €552,897 | €553,351 | +€454 | +0.1% |
| Stocks and contracts in progress | 3 | €388,797 | €354,615 | -€34,182 | -8.8% |
| Stocks | 30/36 | €388,797 | €354,615 | -€34,182 | -8.8% |
| Amounts receivable within one year | 40/41 | €140,869 | €181,589 | +€40,720 | +28.9% |
| Trade receivables | 40 | €39,816 | €43,978 | +€4,162 | +10.5% |
| Other amounts receivable | 41 | €101,053 | €137,611 | +€36,558 | +36.2% |
| Current investments | 50/53 | - | €5,455 | +€5,455 | |
| Cash at bank and in hand | 54/58 | €20,913 | €9,951 | -€10,962 | -52.4% |
| Deferred charges and accrued income | 490/1 | €2,319 | €1,741 | -€578 | -24.9% |
| Total equity and liabilities | 10/49 | €610,089 | €596,967 | -€13,123 | -2.2% |
| Equity | 10/15 | €28,216 | €32,359 | +€4,143 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,991 | €5,991 | = | 0.0% |
| Distributable reserves | 133 | €5,991 | €5,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,624 | €7,767 | +€4,143 | +114.3% |
| Amounts payable | 17/49 | €581,874 | €564,608 | -€17,266 | -3.0% |
| Amounts payable after more than one year | 17 | €63,517 | €149,352 | +€85,836 | +135.1% |
| Financial debts | 170/4 | €63,517 | €149,352 | +€85,836 | +135.1% |
| Amounts payable within one year | 42/48 | €510,357 | €407,256 | -€103,101 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €29,767 | €15,237 | -€14,530 | -48.8% |
| Financial debts | 43 | €125,000 | €123,139 | -€1,861 | -1.5% |
| Credit institutions | 430/8 | €125,000 | €123,139 | -€1,861 | -1.5% |
| Trade debts | 44 | €121,876 | €45,231 | -€76,645 | -62.9% |
| Suppliers | 440/4 | €121,876 | €45,231 | -€76,645 | -62.9% |
| Taxes, remuneration and social security | 45 | €116,161 | €113,752 | -€2,409 | -2.1% |
| Taxes | 450/3 | €96,813 | €80,739 | -€16,073 | -16.6% |
| Remuneration and social security | 454/9 | €19,349 | €33,013 | +€13,664 | +70.6% |
| Other amounts payable | 47/48 | €117,553 | €109,896 | -€7,657 | -6.5% |
| Accrued charges and deferred income | 492/3 | €8,000 | €8,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €65,331 | €53,589 | -€11,742 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,367 | €15,376 | +€9 | +0.1% |
| Other operating charges | 640/8 | €6,788 | €6,855 | +€67 | +1.0% |
| Gross operating margin | 9900 | €105,319 | €89,051 | -€16,268 | -15.4% |
| Operating profit (loss) | 9901 | €17,834 | €13,231 | -€4,603 | -25.8% |
| Financial income | 75/76B | €921 | €2,060 | +€1,139 | +123.7% |
| Recurring financial income | 75 | €921 | €2,060 | +€1,139 | +123.7% |
| Financial charges | 65/66B | €15,826 | €11,148 | -€4,679 | -29.6% |
| Recurring financial charges | 65 | €15,826 | €11,148 | -€4,679 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €2,928 | €4,143 | +€1,215 | +41.5% |
| Profit (loss) for the period | 9904 | €2,928 | €4,143 | +€1,215 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,928 | €4,143 | +€1,215 | +41.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.