29: 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.
29
Largest movements
- Receivables within one year +€22,941
up €22,941 (+24.7%), from €93,038 to €115,978
of which Other amounts receivable: +€16,445
- Other debts +€19,480
up €19,480 (+10.2%), from €191,231 to €210,711
- Profit (loss) carried forward -€11,700
down €11,700 (-12.1%), from -€96,683 to -€108,383
- Trade debts +€9,328
up €9,328 (+137.4%), from €6,789 to €16,117
- Accrued charges and deferred income +€4,083
up €4,083 (+106.7%), from €3,826 to €7,909
- Advances received +€3,400
up €3,400 (+8.2%), from €41,625 to €45,025
- Gross operating margin +€19,137
up €19,137 (+1560.8%), from €1,226 to €20,364
- Write-downs +€11,122
new in 2025: €11,122
- Depreciation -€3,890
down €3,890 (-23.6%), from €16,509 to €12,619
- Other operating charges +€1,309
up €1,309 (+33.8%), from €3,870 to €5,179
- Financial charges +€254
up €254 (+6.2%), from €4,061 to €4,315
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 | €166,540 | €190,819 | +€24,278 | +14.6% |
| Fixed assets | 21/28 | €57,859 | €56,377 | -€1,483 | -2.6% |
| Tangible fixed assets | 22/27 | €57,859 | €56,377 | -€1,483 | -2.6% |
| Plant, machinery and equipment | 23 | €3,769 | €3,956 | +€187 | +5.0% |
| Furniture and vehicles | 24 | €568 | €7,856 | +€7,287 | +1282.1% |
| Other tangible fixed assets | 26 | €53,522 | €44,565 | -€8,957 | -16.7% |
| Current assets | 29/58 | €108,681 | €134,442 | +€25,761 | +23.7% |
| Amounts receivable within one year | 40/41 | €93,038 | €115,978 | +€22,941 | +24.7% |
| Trade receivables | 40 | €44,566 | €51,061 | +€6,495 | +14.6% |
| Other amounts receivable | 41 | €48,472 | €64,917 | +€16,445 | +33.9% |
| Cash at bank and in hand | 54/58 | €15,643 | €16,660 | +€1,017 | +6.5% |
| Deferred charges and accrued income | 490/1 | - | €1,803 | +€1,803 | |
| Total equity and liabilities | 10/49 | €166,540 | €190,819 | +€24,278 | +14.6% |
| Equity | 10/15 | -€78,083 | -€89,783 | -€11,700 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,683 | -€108,383 | -€11,700 | -12.1% |
| Amounts payable | 17/49 | €244,623 | €280,601 | +€35,978 | +14.7% |
| Amounts payable within one year | 42/48 | €240,797 | €272,692 | +€31,895 | +13.2% |
| Trade debts | 44 | €6,789 | €16,117 | +€9,328 | +137.4% |
| Suppliers | 440/4 | €6,789 | €16,117 | +€9,328 | +137.4% |
| Advances received on contracts in progress | 46 | €41,625 | €45,025 | +€3,400 | +8.2% |
| Taxes, remuneration and social security | 45 | €1,151 | €839 | -€312 | -27.1% |
| Taxes | 450/3 | €1,151 | €839 | -€312 | -27.1% |
| Other amounts payable | 47/48 | €191,231 | €210,711 | +€19,480 | +10.2% |
| Accrued charges and deferred income | 492/3 | €3,826 | €7,909 | +€4,083 | +106.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,509 | €12,619 | -€3,890 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,122 | +€11,122 | |
| Other operating charges | 640/8 | €3,870 | €5,179 | +€1,309 | +33.8% |
| Gross operating margin | 9900 | €1,226 | €20,364 | +€19,137 | +1560.8% |
| Operating profit (loss) | 9901 | -€19,153 | -€8,557 | +€10,596 | +55.3% |
| Financial income | 75/76B | €1,100 | €1,172 | +€72 | +6.6% |
| Recurring financial income | 75 | €1,100 | €1,172 | +€72 | +6.6% |
| Financial charges | 65/66B | €4,061 | €4,315 | +€254 | +6.2% |
| Recurring financial charges | 65 | €4,061 | €4,315 | +€254 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,114 | -€11,700 | +€10,415 | +47.1% |
| Profit (loss) for the period | 9904 | -€22,114 | -€11,700 | +€10,415 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,114 | -€11,700 | +€10,415 | +47.1% |
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 9 October 2026 via checked.be.