+32 DESIGN: 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.
+32 DESIGN
Largest movements
- Receivables within one year +€11,618
up €11,618 (+46.8%), from €24,841 to €36,459
of which Other amounts receivable: +€10,420
- Tangible fixed assets +€8,648
up €8,648 (+52.9%), from €16,363 to €25,011
- Cash +€2,376
up €2,376 (+10.0%), from €23,693 to €26,069
mainly Net result for the year (+€19,224) and Depreciation (+€4,686)
- Reserves +€19,224
up €19,224 (+43.5%), from €44,144 to €63,368
of which Distributable reserves: +€19,224
- Debts after one year +€2,065
new in 2025: €2,065
- Current portion of long-term debt +€1,585
new in 2025: €1,585
- Gross operating margin +€16,358
up €16,358 (+100.0%), from €16,351 to €32,709
- Taxes +€4,008
up €4,008 (+112.4%), from €3,567 to €7,575
- Depreciation +€3,474
up €3,474 (+286.6%), from €1,212 to €4,686
- Financial charges -€633
down €633 (-53.7%), from €1,179 to €547
- Other operating charges -€331
down €331 (-27.4%), from €1,209 to €877
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 | €65,029 | €88,024 | +€22,994 | +35.4% |
| Fixed assets | 21/28 | €16,363 | €25,011 | +€8,648 | +52.9% |
| Tangible fixed assets | 22/27 | €16,363 | €25,011 | +€8,648 | +52.9% |
| Plant, machinery and equipment | 23 | €1,820 | €5,008 | +€3,189 | +175.2% |
| Furniture and vehicles | 24 | €800 | €4,340 | +€3,540 | +442.3% |
| Other tangible fixed assets | 26 | €13,743 | €15,663 | +€1,920 | +14.0% |
| Current assets | 29/58 | €48,667 | €63,013 | +€14,346 | +29.5% |
| Amounts receivable within one year | 40/41 | €24,841 | €36,459 | +€11,618 | +46.8% |
| Trade receivables | 40 | €1,022 | €2,220 | +€1,198 | +117.2% |
| Other amounts receivable | 41 | €23,819 | €34,239 | +€10,420 | +43.7% |
| Cash at bank and in hand | 54/58 | €23,693 | €26,069 | +€2,376 | +10.0% |
| Deferred charges and accrued income | 490/1 | €132 | €485 | +€353 | +268.2% |
| Total equity and liabilities | 10/49 | €65,029 | €88,024 | +€22,994 | +35.4% |
| Equity | 10/15 | €61,394 | €80,618 | +€19,224 | +31.3% |
| Contributions | 10/11 | €17,250 | €17,250 | = | 0.0% |
| Reserves | 13 | €44,144 | €63,368 | +€19,224 | +43.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,284 | €61,508 | +€19,224 | +45.5% |
| Amounts payable | 17/49 | €3,635 | €7,406 | +€3,771 | +103.7% |
| Amounts payable after more than one year | 17 | - | €2,065 | +€2,065 | |
| Financial debts | 170/4 | - | €2,065 | +€2,065 | |
| Amounts payable within one year | 42/48 | €3,586 | €5,341 | +€1,755 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,585 | +€1,585 | |
| Financial debts | 43 | €1,197 | €1,190 | -€7 | -0.6% |
| Credit institutions | 430/8 | €1,197 | €1,190 | -€7 | -0.6% |
| Trade debts | 44 | €633 | €811 | +€178 | +28.1% |
| Suppliers | 440/4 | €633 | €811 | +€178 | +28.1% |
| Taxes, remuneration and social security | 45 | €1,755 | €1,755 | = | 0.0% |
| Taxes | 450/3 | €1,755 | €1,755 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €49 | - | -€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | €4,686 | +€3,474 | +286.6% |
| Other operating charges | 640/8 | €1,209 | €877 | -€331 | -27.4% |
| Gross operating margin | 9900 | €16,351 | €32,709 | +€16,358 | +100.0% |
| Operating profit (loss) | 9901 | €13,930 | €27,146 | +€13,216 | +94.9% |
| Financial income | 75/76B | €22 | €199 | +€176 | +784.7% |
| Recurring financial income | 75 | €22 | €199 | +€176 | +784.7% |
| Financial charges | 65/66B | €1,179 | €547 | -€633 | -53.7% |
| Recurring financial charges | 65 | €1,179 | €547 | -€633 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €12,773 | €26,798 | +€14,025 | +109.8% |
| Income taxes | 67/77 | €3,567 | €7,575 | +€4,008 | +112.4% |
| Profit (loss) for the period | 9904 | €9,207 | €19,224 | +€10,017 | +108.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,207 | €19,224 | +€10,017 | +108.8% |
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 28 September 2026 via checked.be.