16-9: 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.
16-9
Largest movements
- Receivables within one year +€20,474
up €20,474 (+38.3%), from €53,481 to €73,955
of which Trade receivables: +€21,117
- Cash +€4,422
up €4,422 (+69.4%), from €6,369 to €10,790
mainly Advances received (+€14,493) and Depreciation (+€9,126)
- Tangible fixed assets -€4,142
down €4,142 (-8.7%), from €47,757 to €43,615
of which Furniture and vehicles: -€4,361
- Deferred charges and accrued income -€1,761
down €1,761 (-85.2%), from €2,068 to €307
- Advances received +€14,493
up €14,493 (+376.1%), from €3,853 to €18,347
- Profit (loss) carried forward +€7,257
up €7,257 (+21.7%), from €33,394 to €40,651
- Current portion of long-term debt -€3,674
down €3,674 (-77.5%), from €4,738 to €1,065
- Trade debts +€1,377
up €1,377 (+6.4%), from €21,621 to €22,998
- Gross operating margin +€4,797
up €4,797 (+27.8%), from €17,282 to €22,079
- Taxes -€1,518
down €1,518 (-28.0%), from €5,420 to €3,902
- Other operating charges +€998
up €998 (+195.2%), from €511 to €1,509
- Financial charges -€282
down €282 (-49.8%), from €566 to €285
- Depreciation +€247
up €247 (+2.8%), from €8,879 to €9,126
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 | €110,727 | €129,720 | +€18,992 | +17.2% |
| Fixed assets | 21/28 | €48,810 | €44,668 | -€4,142 | -8.5% |
| Tangible fixed assets | 22/27 | €47,757 | €43,615 | -€4,142 | -8.7% |
| Plant, machinery and equipment | 23 | €542 | - | -€542 | |
| Furniture and vehicles | 24 | €15,171 | €10,810 | -€4,361 | -28.7% |
| Other tangible fixed assets | 26 | €32,044 | €32,805 | +€761 | +2.4% |
| Financial fixed assets | 28 | €1,053 | €1,053 | = | 0.0% |
| Current assets | 29/58 | €61,917 | €85,052 | +€23,135 | +37.4% |
| Amounts receivable within one year | 40/41 | €53,481 | €73,955 | +€20,474 | +38.3% |
| Trade receivables | 40 | €48,971 | €70,087 | +€21,117 | +43.1% |
| Other amounts receivable | 41 | €4,510 | €3,868 | -€643 | -14.3% |
| Cash at bank and in hand | 54/58 | €6,369 | €10,790 | +€4,422 | +69.4% |
| Deferred charges and accrued income | 490/1 | €2,068 | €307 | -€1,761 | -85.2% |
| Total equity and liabilities | 10/49 | €110,727 | €129,720 | +€18,992 | +17.2% |
| Equity | 10/15 | €67,479 | €74,736 | +€7,257 | +10.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,394 | €40,651 | +€7,257 | +21.7% |
| Amounts payable | 17/49 | €43,248 | €54,984 | +€11,735 | +27.1% |
| Amounts payable within one year | 42/48 | €43,248 | €54,984 | +€11,735 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €4,738 | €1,065 | -€3,674 | -77.5% |
| Trade debts | 44 | €21,621 | €22,998 | +€1,377 | +6.4% |
| Suppliers | 440/4 | €21,621 | €22,998 | +€1,377 | +6.4% |
| Advances received on contracts in progress | 46 | €3,853 | €18,347 | +€14,493 | +376.1% |
| Taxes, remuneration and social security | 45 | €5,723 | €6,372 | +€648 | +11.3% |
| Taxes | 450/3 | €5,723 | €6,372 | +€648 | +11.3% |
| Other amounts payable | 47/48 | €7,313 | €6,203 | -€1,110 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,879 | €9,126 | +€247 | +2.8% |
| Other operating charges | 640/8 | €511 | €1,509 | +€998 | +195.2% |
| Gross operating margin | 9900 | €17,282 | €22,079 | +€4,797 | +27.8% |
| Operating profit (loss) | 9901 | €7,892 | €11,443 | +€3,552 | +45.0% |
| Financial charges | 65/66B | €566 | €285 | -€282 | -49.8% |
| Recurring financial charges | 65 | €566 | €285 | -€282 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €7,325 | €11,159 | +€3,833 | +52.3% |
| Income taxes | 67/77 | €5,420 | €3,902 | -€1,518 | -28.0% |
| Profit (loss) for the period | 9904 | €1,905 | €7,257 | +€5,352 | +280.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,905 | €7,257 | +€5,352 | +280.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.