2CAST: 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.
2CAST
Largest movements
- Receivables within one year +€20,638
up €20,638 (+100.2%), from €20,603 to €41,241
of which Other amounts receivable: +€18,000
- Tangible fixed assets -€7,559
down €7,559 (-15.7%), from €48,102 to €40,543
of which Other tangible fixed assets: -€4,015
- Cash -€2,236
down €2,236 (-12.8%), from €17,513 to €15,277
mainly Receivables within one year (-€20,638) and Current portion of long-term debt (-€1,590)
- Reserves +€6,709
up €6,709 (+20.9%), from €32,033 to €38,742
- Trade debts +€3,139
up €3,139 (+21.4%), from €14,654 to €17,793
- Current portion of long-term debt -€1,590
down €1,590 (-25.8%), from €6,166 to €4,576
- Tax, wage and social debts +€1,464
up €1,464 (+13.8%), from €10,580 to €12,044
- Gross operating margin +€21,228
up €21,228 (+11.7%), from €180,669 to €201,897
- Staff costs +€18,052
up €18,052 (+11.3%), from €159,865 to €177,917
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 | €96,298 | €106,255 | +€9,957 | +10.3% |
| Fixed assets | 21/28 | €50,728 | €42,169 | -€8,559 | -16.9% |
| Intangible fixed assets | 21 | €2,626 | €1,626 | -€1,000 | -38.1% |
| Tangible fixed assets | 22/27 | €48,102 | €40,543 | -€7,559 | -15.7% |
| Plant, machinery and equipment | 23 | €11,238 | €8,075 | -€3,163 | -28.1% |
| Furniture and vehicles | 24 | €1,084 | €704 | -€381 | -35.1% |
| Other tangible fixed assets | 26 | €35,780 | €31,764 | -€4,015 | -11.2% |
| Current assets | 29/58 | €45,570 | €64,086 | +€18,516 | +40.6% |
| Stocks and contracts in progress | 3 | €5,980 | €6,525 | +€545 | +9.1% |
| Stocks | 30/36 | €5,980 | €6,525 | +€545 | +9.1% |
| Amounts receivable within one year | 40/41 | €20,603 | €41,241 | +€20,638 | +100.2% |
| Trade receivables | 40 | €0 | €2,637 | +€2,637 | |
| Other amounts receivable | 41 | €20,603 | €38,603 | +€18,000 | +87.4% |
| Cash at bank and in hand | 54/58 | €17,513 | €15,277 | -€2,236 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,473 | €1,043 | -€430 | -29.2% |
| Total equity and liabilities | 10/49 | €96,298 | €106,255 | +€9,957 | +10.3% |
| Equity | 10/15 | €52,637 | €59,345 | +€6,709 | +12.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,033 | €38,742 | +€6,709 | +20.9% |
| Distributable reserves | 133 | €32,033 | €38,742 | +€6,709 | +20.9% |
| Profit (loss) carried forward | 14 | €603 | €603 | = | 0.0% |
| Amounts payable | 17/49 | €43,661 | €46,909 | +€3,248 | +7.4% |
| Amounts payable within one year | 42/48 | €33,361 | €36,166 | +€2,804 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €6,166 | €4,576 | -€1,590 | -25.8% |
| Financial debts | 43 | €1,962 | €1,752 | -€209 | -10.7% |
| Credit institutions | 430/8 | €1,962 | €1,752 | -€209 | -10.7% |
| Trade debts | 44 | €14,654 | €17,793 | +€3,139 | +21.4% |
| Suppliers | 440/4 | €14,654 | €17,793 | +€3,139 | +21.4% |
| Taxes, remuneration and social security | 45 | €10,580 | €12,044 | +€1,464 | +13.8% |
| Taxes | 450/3 | €10,580 | €12,044 | +€1,464 | +13.8% |
| Accrued charges and deferred income | 492/3 | €10,300 | €10,744 | +€444 | +4.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €159,865 | €177,917 | +€18,052 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,305 | €8,559 | +€1,254 | +17.2% |
| Other operating charges | 640/8 | €1,630 | €2,138 | +€508 | +31.2% |
| Non-recurring operating charges | 66A | €2,000 | €0 | -€2,000 | -100.0% |
| Gross operating margin | 9900 | €180,669 | €201,897 | +€21,228 | +11.7% |
| Operating profit (loss) | 9901 | €9,870 | €13,284 | +€3,414 | +34.6% |
| Financial income | 75/76B | €855 | €1,657 | +€802 | +93.8% |
| Recurring financial income | 75 | €855 | €1,657 | +€802 | +93.8% |
| Financial charges | 65/66B | €5,124 | €3,884 | -€1,240 | -24.2% |
| Recurring financial charges | 65 | €5,124 | €3,884 | -€1,240 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €5,600 | €11,056 | +€5,456 | +97.4% |
| Income taxes | 67/77 | €2,974 | €4,348 | +€1,374 | +46.2% |
| Profit (loss) for the period | 9904 | €2,627 | €6,709 | +€4,082 | +155.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,627 | €6,709 | +€4,082 | +155.4% |
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 11 October 2026 via checked.be.