30.4: 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.
30.4
Largest movements
- Cash +€255,663
up €255,663 (+25.6%), from €997,487 to €1.3m
mainly Net result for the year (+€151,526) and Depreciation (+€146,960)
- Intangible fixed assets -€92,307
down €92,307 (-11.1%), from €828,542 to €736,236
- Receivables within one year +€53,509
up €53,509 (+75.1%), from €71,291 to €124,800
of which Trade receivables: +€44,357
- Tangible fixed assets -€25,307
down €25,307 (-14.8%), from €170,663 to €145,355
of which Furniture and vehicles: -€29,310
- Debts after one year -€200,256
down €200,256 (-28.2%), from €709,842 to €509,586
- Reserves +€151,526
up €151,526 (+172.0%), from €88,112 to €239,638
- Tax, wage and social debts +€122,886
up €122,886 (+138.8%), from €88,539 to €211,425
of which Taxes: +€89,165
- Other debts +€106,873
up €106,873 (+13.4%), from €797,609 to €904,483
- Gross operating margin +€110,576
up €110,576 (+12.5%), from €884,127 to €994,703
- Staff costs +€62,259
up €62,259 (+11.7%), from €532,222 to €594,480
- Taxes +€37,415
up €37,415 (+85.7%), from €43,679 to €81,094
- Depreciation +€22,585
up €22,585 (+18.2%), from €124,375 to €146,960
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 | €2,103,813 | €2,297,920 | +€194,108 | +9.2% |
| Fixed assets | 21/28 | €1,011,952 | €894,338 | -€117,614 | -11.6% |
| Intangible fixed assets | 21 | €828,542 | €736,236 | -€92,307 | -11.1% |
| Tangible fixed assets | 22/27 | €170,663 | €145,355 | -€25,307 | -14.8% |
| Furniture and vehicles | 24 | €156,919 | €127,609 | -€29,310 | -18.7% |
| Other tangible fixed assets | 26 | €13,744 | €17,746 | +€4,002 | +29.1% |
| Financial fixed assets | 28 | €12,747 | €12,747 | = | 0.0% |
| Current assets | 29/58 | €1,091,861 | €1,403,582 | +€311,722 | +28.5% |
| Amounts receivable within one year | 40/41 | €71,291 | €124,800 | +€53,509 | +75.1% |
| Trade receivables | 40 | €14,657 | €59,014 | +€44,357 | +302.6% |
| Other amounts receivable | 41 | €56,633 | €65,786 | +€9,153 | +16.2% |
| Cash at bank and in hand | 54/58 | €997,487 | €1,253,151 | +€255,663 | +25.6% |
| Deferred charges and accrued income | 490/1 | €23,083 | €25,632 | +€2,549 | +11.0% |
| Total equity and liabilities | 10/49 | €2,103,813 | €2,297,920 | +€194,108 | +9.2% |
| Equity | 10/15 | €227,825 | €379,351 | +€151,526 | +66.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €88,112 | €239,638 | +€151,526 | +172.0% |
| Distributable reserves | 133 | €88,112 | €239,638 | +€151,526 | +172.0% |
| Profit (loss) carried forward | 14 | €138,713 | €138,713 | = | 0.0% |
| Amounts payable | 17/49 | €1,875,988 | €1,918,570 | +€42,582 | +2.3% |
| Amounts payable after more than one year | 17 | €709,842 | €509,586 | -€200,256 | -28.2% |
| Financial debts | 170/4 | €709,842 | €509,586 | -€200,256 | -28.2% |
| Amounts payable within one year | 42/48 | €1,161,477 | €1,408,984 | +€247,506 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €199,066 | €200,256 | +€1,190 | +0.6% |
| Trade debts | 44 | €76,263 | €92,820 | +€16,557 | +21.7% |
| Suppliers | 440/4 | €76,263 | €92,820 | +€16,557 | +21.7% |
| Taxes, remuneration and social security | 45 | €88,539 | €211,425 | +€122,886 | +138.8% |
| Taxes | 450/3 | €19,470 | €108,636 | +€89,165 | +458.0% |
| Remuneration and social security | 454/9 | €69,069 | €102,789 | +€33,720 | +48.8% |
| Other amounts payable | 47/48 | €797,609 | €904,483 | +€106,873 | +13.4% |
| Accrued charges and deferred income | 492/3 | €4,669 | €0 | -€4,669 | -100.0% |
| Non-recurring operating income | 76A | €1,357 | €0 | -€1,357 | -100.0% |
| Remuneration, social security and pensions | 62 | €532,222 | €594,480 | +€62,259 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,375 | €146,960 | +€22,585 | +18.2% |
| Other operating charges | 640/8 | €30,642 | €23,140 | -€7,502 | -24.5% |
| Non-recurring operating charges | 66A | €9,767 | €1,595 | -€8,172 | -83.7% |
| Gross operating margin | 9900 | €884,127 | €994,703 | +€110,576 | +12.5% |
| Operating profit (loss) | 9901 | €187,122 | €228,528 | +€41,406 | +22.1% |
| Financial income | 75/76B | €2,266 | €11,500 | +€9,234 | +407.6% |
| Recurring financial income | 75 | €2,266 | €11,500 | +€9,234 | +407.6% |
| Financial charges | 65/66B | €6,996 | €7,408 | +€412 | +5.9% |
| Recurring financial charges | 65 | €6,996 | €7,408 | +€412 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €182,392 | €232,620 | +€50,228 | +27.5% |
| Income taxes | 67/77 | €43,679 | €81,094 | +€37,415 | +85.7% |
| Profit (loss) for the period | 9904 | €138,713 | €151,526 | +€12,813 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €138,713 | €151,526 | +€12,813 | +9.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.