142: 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.
142
Largest movements
- Stocks and contracts -€204,206
down €204,206 (-20.6%), from €993,508 to €789,302
- Cash +€192,471
up €192,471 (+206%), from €93,229 to €285,700
mainly Stocks and contracts (+€204,206) and Net result for the year (+€114,850)
- Receivables within one year +€104,288
up €104,288 (+111%), from €93,805 to €198,093
of which Trade receivables: +€104,263
- Tangible fixed assets +€61,446
up €61,446 (+271%), from €22,703 to €84,149
of which Other tangible fixed assets: +€53,822
- Current investments +€39,984
up €39,984 (+65,774%), from €61 to €40,045
- Reserves +€114,850
up €114,850 (+18.3%), from €626,920 to €741,770
of which Distributable reserves: +€114,850
- Trade debts +€112,243
up €112,243 (+160%), from €70,086 to €182,329
- Other debts -€40,648
down €40,648 (-20.4%), from €198,889 to €158,241
- Debts after one year -€30,093
down €30,093 (-18.7%), from €160,909 to €130,817
- Tax, wage and social debts +€25,123
up €25,123 (+26.1%), from €96,314 to €121,437
of which Remuneration and social security: +€14,025
- Gross operating margin +€82,416
up €82,416 (+39.6%), from €208,340 to €290,756
- Staff costs +€28,006
up €28,006 (+155%), from €18,051 to €46,057
- Taxes +€13,432
up €13,432 (+34.6%), from €38,788 to €52,219
- Other operating charges +€10,971
up €10,971 (+43.3%), from €25,326 to €36,297
- Depreciation -€7,848
down €7,848 (-25.4%), from €30,925 to €23,076
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,299,019 | €1,482,709 | +€183,691 | +14.1% |
| Fixed assets | 21/28 | €117,432 | €168,337 | +€50,904 | +43.3% |
| Intangible fixed assets | 21 | €94,606 | €84,064 | -€10,541 | -11.1% |
| Tangible fixed assets | 22/27 | €22,703 | €84,149 | +€61,446 | +271% |
| Plant, machinery and equipment | 23 | €7,803 | €8,496 | +€693 | +8.9% |
| Furniture and vehicles | 24 | €5,588 | €12,518 | +€6,931 | +124% |
| Other tangible fixed assets | 26 | €9,313 | €63,134 | +€53,822 | +578% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €1,181,586 | €1,314,372 | +€132,786 | +11.2% |
| Stocks and contracts in progress | 3 | €993,508 | €789,302 | -€204,206 | -20.6% |
| Stocks | 30/36 | €993,508 | €789,302 | -€204,206 | -20.6% |
| Amounts receivable within one year | 40/41 | €93,805 | €198,093 | +€104,288 | +111% |
| Trade receivables | 40 | €93,654 | €197,917 | +€104,263 | +111% |
| Other amounts receivable | 41 | €151 | €176 | +€25 | +16.5% |
| Current investments | 50/53 | €61 | €40,045 | +€39,984 | +65,774% |
| Cash at bank and in hand | 54/58 | €93,229 | €285,700 | +€192,471 | +206% |
| Deferred charges and accrued income | 490/1 | €984 | €1,233 | +€249 | +25.3% |
| Total equity and liabilities | 10/49 | €1,299,019 | €1,482,709 | +€183,691 | +14.1% |
| Equity | 10/15 | €734,601 | €849,450 | +€114,850 | +15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €626,920 | €741,770 | +€114,850 | +18.3% |
| 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 | €625,060 | €739,910 | +€114,850 | +18.4% |
| Profit (loss) carried forward | 14 | €95,280 | €95,280 | = | 0.0% |
| Amounts payable | 17/49 | €564,418 | €633,259 | +€68,841 | +12.2% |
| Amounts payable after more than one year | 17 | €160,909 | €130,817 | -€30,093 | -18.7% |
| Financial debts | 170/4 | €160,909 | €130,817 | -€30,093 | -18.7% |
| Amounts payable within one year | 42/48 | €403,509 | €494,379 | +€90,870 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €29,169 | €30,093 | +€924 | +3.2% |
| Trade debts | 44 | €70,086 | €182,329 | +€112,243 | +160% |
| Suppliers | 440/4 | €70,086 | €182,329 | +€112,243 | +160% |
| Advances received on contracts in progress | 46 | €9,051 | €2,278 | -€6,773 | -74.8% |
| Taxes, remuneration and social security | 45 | €96,314 | €121,437 | +€25,123 | +26.1% |
| Taxes | 450/3 | €10,188 | €21,287 | +€11,099 | +109% |
| Remuneration and social security | 454/9 | €86,126 | €100,150 | +€14,025 | +16.3% |
| Other amounts payable | 47/48 | €198,889 | €158,241 | -€40,648 | -20.4% |
| Accrued charges and deferred income | 492/3 | - | €8,064 | +€8,064 | |
| Remuneration, social security and pensions | 62 | €18,051 | €46,057 | +€28,006 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,925 | €23,076 | -€7,848 | -25.4% |
| Other operating charges | 640/8 | €25,326 | €36,297 | +€10,971 | +43.3% |
| Gross operating margin | 9900 | €208,340 | €290,756 | +€82,416 | +39.6% |
| Operating profit (loss) | 9901 | €134,038 | €185,325 | +€51,287 | +38.3% |
| Financial income | 75/76B | €9,385 | €3,377 | -€6,008 | -64.0% |
| Recurring financial income | 75 | €9,385 | €3,377 | -€6,008 | -64.0% |
| Financial charges | 65/66B | €16,851 | €21,634 | +€4,783 | +28.4% |
| Recurring financial charges | 65 | €16,851 | €21,634 | +€4,783 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €126,573 | €167,069 | +€40,495 | +32.0% |
| Income taxes | 67/77 | €38,788 | €52,219 | +€13,432 | +34.6% |
| Profit (loss) for the period | 9904 | €87,786 | €114,850 | +€27,064 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,786 | €114,850 | +€27,064 | +30.8% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.