3 MOTION: 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.
3 MOTION
Largest movements
- Receivables within one year +€342,470
up €342,470 (+14.3%), from €2.4m to €2.7m
of which Trade receivables: +€409,073
- Cash -€299,295
down €299,295 (-39.8%), from €752,381 to €453,087
- Tangible fixed assets -€193,729
down €193,729 (-12.5%), from €1.5m to €1.4m
of which Leasing and similar rights: -€109,659
- Intangible fixed assets +€93,138
up €93,138 (+61.1%), from €152,436 to €245,573
- Receivables after one year -€80,000
down €80,000 (-44.0%), from €182,000 to €102,000
- Trade debts -€261,370
down €261,370 (-13.4%), from €1.9m to €1.7m
- Other debts +€225,838
up €225,838, from €0 to €225,838
- Debts after one year -€191,722
down €191,722 (-23.2%), from €828,115 to €636,393
- Gross operating margin +€1.6m
up €1.6m (+53.1%), from €2.9m to €4.5m
- Staff costs +€964,367
up €964,367 (+42.7%), from €2.3m to €3.2m
- Depreciation +€242,036
up €242,036 (+53.6%), from €451,296 to €693,332
- Taxes +€84,603
up €84,603 (+163.1%), from €51,865 to €136,468
- Other operating charges +€48,403
up €48,403 (+678.4%), from €7,135 to €55,539
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,640,717 | €5,438,640 | -€202,078 | -3.6% |
| Fixed assets | 21/28 | €1,707,058 | €1,596,467 | -€110,592 | -6.5% |
| Intangible fixed assets | 21 | €152,436 | €245,573 | +€93,138 | +61.1% |
| Tangible fixed assets | 22/27 | €1,544,623 | €1,350,894 | -€193,729 | -12.5% |
| Plant, machinery and equipment | 23 | €107,870 | €64,101 | -€43,768 | -40.6% |
| Furniture and vehicles | 24 | €48,978 | €65,000 | +€16,022 | +32.7% |
| Leasing and similar rights | 25 | €1,092,959 | €983,299 | -€109,659 | -10.0% |
| Other tangible fixed assets | 26 | €294,816 | €238,492 | -€56,324 | -19.1% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100.0% |
| Current assets | 29/58 | €3,933,659 | €3,842,173 | -€91,486 | -2.3% |
| Amounts receivable after more than one year | 29 | €182,000 | €102,000 | -€80,000 | -44.0% |
| Other amounts receivable | 291 | €182,000 | €102,000 | -€80,000 | -44.0% |
| Stocks and contracts in progress | 3 | €462,071 | €395,175 | -€66,896 | -14.5% |
| Stocks | 30/36 | €249,871 | €273,675 | +€23,804 | +9.5% |
| Contracts in progress | 37 | €212,200 | €121,500 | -€90,700 | -42.7% |
| Amounts receivable within one year | 40/41 | €2,396,459 | €2,738,929 | +€342,470 | +14.3% |
| Trade receivables | 40 | €2,214,520 | €2,623,593 | +€409,073 | +18.5% |
| Other amounts receivable | 41 | €181,938 | €115,336 | -€66,602 | -36.6% |
| Cash at bank and in hand | 54/58 | €752,381 | €453,087 | -€299,295 | -39.8% |
| Deferred charges and accrued income | 490/1 | €140,748 | €152,983 | +€12,235 | +8.7% |
| Total equity and liabilities | 10/49 | €5,640,717 | €5,438,640 | -€202,078 | -3.6% |
| Equity | 10/15 | €2,018,702 | €2,070,089 | +€51,387 | +2.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,918,702 | €1,970,089 | +€51,387 | +2.7% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,908,702 | €1,960,089 | +€51,387 | +2.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,622,015 | €3,368,551 | -€253,465 | -7.0% |
| Amounts payable after more than one year | 17 | €828,115 | €636,393 | -€191,722 | -23.2% |
| Financial debts | 170/4 | €828,115 | €636,393 | -€191,722 | -23.2% |
| Amounts payable within one year | 42/48 | €2,793,865 | €2,732,158 | -€61,707 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €396,015 | €403,108 | +€7,093 | +1.8% |
| Trade debts | 44 | €1,944,306 | €1,682,936 | -€261,370 | -13.4% |
| Suppliers | 440/4 | €1,944,306 | €1,682,936 | -€261,370 | -13.4% |
| Taxes, remuneration and social security | 45 | €453,544 | €420,276 | -€33,269 | -7.3% |
| Taxes | 450/3 | €83,897 | €155,252 | +€71,354 | +85.0% |
| Remuneration and social security | 454/9 | €369,647 | €265,024 | -€104,623 | -28.3% |
| Other amounts payable | 47/48 | €0 | €225,838 | +€225,838 | |
| Accrued charges and deferred income | 492/3 | €35 | €0 | -€35 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,259,420 | €3,223,787 | +€964,367 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451,296 | €693,332 | +€242,036 | +53.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,749 | €82,102 | +€44,352 | +117.5% |
| Other operating charges | 640/8 | €7,135 | €55,539 | +€48,403 | +678.4% |
| Non-recurring operating charges | 66A | €0 | €36,114 | +€36,114 | |
| Gross operating margin | 9900 | €2,948,796 | €4,516,067 | +€1.6m | +53.1% |
| Operating profit (loss) | 9901 | €193,195 | €425,193 | +€231,999 | +120.1% |
| Financial income | 75/76B | €14,241 | €20,129 | +€5,889 | +41.4% |
| Recurring financial income | 75 | €14,241 | €20,129 | +€5,889 | +41.4% |
| Financial charges | 65/66B | €95,823 | €107,468 | +€11,645 | +12.2% |
| Recurring financial charges | 65 | €95,823 | €104,328 | +€8,505 | +8.9% |
| Non-recurring financial charges | 66B | - | €3,140 | +€3,140 | |
| Profit (loss) for the period before taxes | 9903 | €111,613 | €337,855 | +€226,242 | +202.7% |
| Income taxes | 67/77 | €51,865 | €136,468 | +€84,603 | +163.1% |
| Profit (loss) for the period | 9904 | €59,748 | €201,387 | +€141,639 | +237.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,748 | €201,387 | +€141,639 | +237.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.