35 Solutions: 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.
35 Solutions
Largest movements
- Tangible fixed assets -€19,410
down €19,410 (-66.5%), from €29,204 to €9,794
of which Furniture and vehicles: -€18,785
- Receivables within one year +€18,364
up €18,364 (+32.2%), from €57,048 to €75,412
of which Trade receivables: +€11,548
- Cash +€2,317
up €2,317 (+1.7%), from €137,819 to €140,136
- Other debts +€96,247
up €96,247 (+96.5%), from €99,785 to €196,032
- Reserves -€81,322
no longer reported in 2025 (was €81,322)
of which Distributable reserves: -€79,462
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Trade debts +€6,053
up €6,053 (+27.1%), from €22,349 to €28,402
- Accrued charges and deferred income -€2,411
no longer reported in 2025 (was €2,411)
- Gross operating margin +€152,527
up €152,527 (+81.9%), from €186,191 to €338,718
- Taxes +€38,306
up €38,306 (+159.4%), from €24,038 to €62,344
- Financial charges -€6,655
down €6,655 (-9.5%), from €69,747 to €63,092
- Write-downs +€4,538
new in 2025: €4,538
From the 2023 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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,011 | €227,632 | +€621 | +0.3% |
| Fixed assets | 21/28 | €29,204 | €9,794 | -€19,410 | -66.5% |
| Tangible fixed assets | 22/27 | €29,204 | €9,794 | -€19,410 | -66.5% |
| Plant, machinery and equipment | 23 | €625 | - | -€625 | |
| Furniture and vehicles | 24 | €28,579 | €9,794 | -€18,785 | -65.7% |
| Current assets | 29/58 | €197,807 | €217,838 | +€20,031 | +10.1% |
| Stocks and contracts in progress | 3 | €2,940 | €2,290 | -€650 | -22.1% |
| Stocks | 30/36 | €2,940 | €2,290 | -€650 | -22.1% |
| Amounts receivable within one year | 40/41 | €57,048 | €75,412 | +€18,364 | +32.2% |
| Trade receivables | 40 | €51,086 | €62,634 | +€11,548 | +22.6% |
| Other amounts receivable | 41 | €5,962 | €12,778 | +€6,816 | +114.3% |
| Cash at bank and in hand | 54/58 | €137,819 | €140,136 | +€2,317 | +1.7% |
| Total equity and liabilities | 10/49 | €227,011 | €227,632 | +€621 | +0.3% |
| Equity | 10/15 | €99,922 | €2,187 | -€97,735 | -97.8% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €81,322 | - | -€81,322 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €79,462 | - | -€79,462 | |
| Profit (loss) carried forward | 14 | - | €2,187 | +€2,187 | |
| Amounts payable | 17/49 | €127,089 | €225,445 | +€98,356 | +77.4% |
| Amounts payable within one year | 42/48 | €124,678 | €225,445 | +€100,767 | +80.8% |
| Trade debts | 44 | €22,349 | €28,402 | +€6,053 | +27.1% |
| Suppliers | 440/4 | €22,349 | €28,402 | +€6,053 | +27.1% |
| Taxes, remuneration and social security | 45 | €2,544 | €1,011 | -€1,533 | -60.3% |
| Taxes | 450/3 | €2,544 | €1,011 | -€1,533 | -60.3% |
| Other amounts payable | 47/48 | €99,785 | €196,032 | +€96,247 | +96.5% |
| Accrued charges and deferred income | 492/3 | €2,411 | - | -€2,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,140 | €11,127 | -€13 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,538 | +€4,538 | |
| Other operating charges | 640/8 | €2,757 | €1,698 | -€1,059 | -38.4% |
| Gross operating margin | 9900 | €186,191 | €338,718 | +€152,527 | +81.9% |
| Operating profit (loss) | 9901 | €172,294 | €321,355 | +€149,061 | +86.5% |
| Financial income | 75/76B | €234 | €1,268 | +€1,034 | +441.9% |
| Recurring financial income | 75 | €234 | €1,268 | +€1,034 | +441.9% |
| Financial charges | 65/66B | €69,747 | €63,092 | -€6,655 | -9.5% |
| Recurring financial charges | 65 | €69,747 | €63,092 | -€6,655 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €102,781 | €259,531 | +€156,750 | +152.5% |
| Transfer from deferred taxes | 780 | €935 | - | -€935 | |
| Income taxes | 67/77 | €24,038 | €62,344 | +€38,306 | +159.4% |
| Profit (loss) for the period | 9904 | €79,678 | €197,187 | +€117,509 | +147.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,678 | €197,187 | +€117,509 | +147.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 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.