5A: 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.
5A
Largest movements
- Receivables within one year +€106,135
up €106,135 (+143%), from €73,978 to €180,113
of which Trade receivables: +€110,976
- Cash +€35,327
up €35,327 (+20.3%), from €174,320 to €209,647
mainly Net result for the year (+€68,553) and Trade debts (+€52,777)
- Tangible fixed assets -€12,749
down €12,749 (-22.6%), from €56,513 to €43,763
of which Furniture and vehicles: -€9,657
- Reserves +€68,553
up €68,553 (+104%), from €65,892 to €134,445
- Trade debts +€52,777
up €52,777 (+26.2%), from €201,249 to €254,026
- Tax, wage and social debts +€6,985
up €6,985 (+65.8%), from €10,623 to €17,607
of which Taxes: +€13,385
- Gross operating margin +€93,744
up €93,744 (+82.2%), from €114,084 to €207,828
- Taxes +€20,089
up €20,089 (+411%), from €4,886 to €24,975
- Staff costs +€15,033
up €15,033 (+18.4%), from €81,539 to €96,573
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.
Derived cash bridge
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 | €304,810 | €433,523 | +€128,713 | +42.2% |
| Fixed assets | 21/28 | €56,513 | €43,763 | -€12,749 | -22.6% |
| Tangible fixed assets | 22/27 | €56,513 | €43,763 | -€12,749 | -22.6% |
| Plant, machinery and equipment | 23 | €9,271 | €6,179 | -€3,092 | -33.4% |
| Furniture and vehicles | 24 | €47,242 | €37,584 | -€9,657 | -20.4% |
| Current assets | 29/58 | €248,297 | €389,760 | +€141,463 | +57.0% |
| Amounts receivable within one year | 40/41 | €73,978 | €180,113 | +€106,135 | +143% |
| Trade receivables | 40 | €64,023 | €174,999 | +€110,976 | +173% |
| Other amounts receivable | 41 | €9,954 | €5,114 | -€4,840 | -48.6% |
| Cash at bank and in hand | 54/58 | €174,320 | €209,647 | +€35,327 | +20.3% |
| Total equity and liabilities | 10/49 | €304,810 | €433,523 | +€128,713 | +42.2% |
| Equity | 10/15 | €84,492 | €153,045 | +€68,553 | +81.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,892 | €134,445 | +€68,553 | +104% |
| Distributable reserves | 133 | €65,892 | €134,445 | +€68,553 | +104% |
| Amounts payable | 17/49 | €220,318 | €280,478 | +€60,160 | +27.3% |
| Amounts payable within one year | 42/48 | €220,318 | €280,478 | +€60,160 | +27.3% |
| Trade debts | 44 | €201,249 | €254,026 | +€52,777 | +26.2% |
| Suppliers | 440/4 | €201,249 | €254,026 | +€52,777 | +26.2% |
| Taxes, remuneration and social security | 45 | €10,623 | €17,607 | +€6,985 | +65.8% |
| Taxes | 450/3 | - | €13,385 | +€13,385 | |
| Remuneration and social security | 454/9 | €10,623 | €4,223 | -€6,400 | -60.2% |
| Other amounts payable | 47/48 | €8,446 | €8,845 | +€399 | +4.7% |
| Remuneration, social security and pensions | 62 | €81,539 | €96,573 | +€15,033 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,294 | €16,805 | +€511 | +3.1% |
| Other operating charges | 640/8 | €457 | €471 | +€15 | +3.2% |
| Gross operating margin | 9900 | €114,084 | €207,828 | +€93,744 | +82.2% |
| Operating profit (loss) | 9901 | €15,794 | €93,979 | +€78,185 | +495% |
| Financial charges | 65/66B | €210 | €451 | +€241 | +115% |
| Recurring financial charges | 65 | €210 | €451 | +€241 | +115% |
| Profit (loss) for the period before taxes | 9903 | €15,584 | €93,528 | +€77,944 | +500% |
| Income taxes | 67/77 | €4,886 | €24,975 | +€20,089 | +411% |
| Profit (loss) for the period | 9904 | €10,698 | €68,553 | +€57,855 | +541% |
| Profit (loss) for the period to be appropriated | 9905 | €10,698 | €68,553 | +€57,855 | +541% |
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 14 October 2026 via checked.be.