777: 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.
777
Largest movements
- Receivables within one year +€87,915
up €87,915 (+190%), from €46,153 to €134,068
of which Trade receivables: +€73,827
- Stocks and contracts -€18,442
down €18,442 (-56.5%), from €32,664 to €14,222
- Tangible fixed assets +€17,349
up €17,349 (+32.5%), from €53,325 to €70,675
of which Leasing and similar rights: +€24,512
- Cash +€5,791
up €5,791 (+131%), from €4,412 to €10,203
mainly Net result for the year (+€88,684) and Tax, wage and social debts (+€25,793)
- Financial fixed assets +€5,000
up €5,000 (+54.8%), from €9,125 to €14,125
- Profit (loss) carried forward +€88,684
up €88,684 (+173%), from €51,388 to €140,072
- Trade debts -€33,075
down €33,075 (-73.5%), from €44,997 to €11,923
- Tax, wage and social debts +€25,793
up €25,793 (+126%), from €20,408 to €46,201
of which Taxes: +€33,807
- Debts after one year +€14,705
up €14,705 (+261%), from €5,644 to €20,349
- Current portion of long-term debt +€4,170
up €4,170 (+236%), from €1,768 to €5,938
- Gross operating margin +€33,089
up €33,089 (+23.2%), from €142,774 to €175,863
- Financial charges -€6,408
down €6,408 (-94.9%), from €6,754 to €347
of which Non-recurring financial charges: -€3,391
- Depreciation -€4,072
down €4,072 (-13.8%), from €29,439 to €25,367
- Other operating charges -€3,013
down €3,013 (-70.6%), from €4,267 to €1,254
- Taxes -€2,282
no longer reported in 2025 (was €2,282)
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 | €145,679 | €243,293 | +€97,614 | +67.0% |
| Fixed assets | 21/28 | €62,450 | €84,800 | +€22,349 | +35.8% |
| Tangible fixed assets | 22/27 | €53,325 | €70,675 | +€17,349 | +32.5% |
| Furniture and vehicles | 24 | €53,325 | €46,162 | -€7,163 | -13.4% |
| Leasing and similar rights | 25 | - | €24,512 | +€24,512 | |
| Financial fixed assets | 28 | €9,125 | €14,125 | +€5,000 | +54.8% |
| Current assets | 29/58 | €83,229 | €158,493 | +€75,264 | +90.4% |
| Stocks and contracts in progress | 3 | €32,664 | €14,222 | -€18,442 | -56.5% |
| Stocks | 30/36 | €32,664 | €14,222 | -€18,442 | -56.5% |
| Amounts receivable within one year | 40/41 | €46,153 | €134,068 | +€87,915 | +190% |
| Trade receivables | 40 | €30,051 | €103,878 | +€73,827 | +246% |
| Other amounts receivable | 41 | €16,102 | €30,190 | +€14,088 | +87.5% |
| Cash at bank and in hand | 54/58 | €4,412 | €10,203 | +€5,791 | +131% |
| Total equity and liabilities | 10/49 | €145,679 | €243,293 | +€97,614 | +67.0% |
| Equity | 10/15 | €59,088 | €147,772 | +€88,684 | +150% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,388 | €140,072 | +€88,684 | +173% |
| Amounts payable | 17/49 | €86,592 | €95,521 | +€8,929 | +10.3% |
| Amounts payable after more than one year | 17 | €5,644 | €20,349 | +€14,705 | +261% |
| Financial debts | 170/4 | €5,644 | €20,349 | +€14,705 | +261% |
| Amounts payable within one year | 42/48 | €80,948 | €75,172 | -€5,776 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €1,768 | €5,938 | +€4,170 | +236% |
| Trade debts | 44 | €44,997 | €11,923 | -€33,075 | -73.5% |
| Suppliers | 440/4 | €44,997 | €11,923 | -€33,075 | -73.5% |
| Advances received on contracts in progress | 46 | €6,290 | €2,950 | -€3,340 | -53.1% |
| Taxes, remuneration and social security | 45 | €20,408 | €46,201 | +€25,793 | +126% |
| Taxes | 450/3 | €4,294 | €38,101 | +€33,807 | +787% |
| Remuneration and social security | 454/9 | €16,114 | €8,100 | -€8,014 | -49.7% |
| Other amounts payable | 47/48 | €7,485 | €8,160 | +€675 | +9.0% |
| Remuneration, social security and pensions | 62 | €62,555 | €62,712 | +€158 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,439 | €25,367 | -€4,072 | -13.8% |
| Other operating charges | 640/8 | €4,267 | €1,254 | -€3,013 | -70.6% |
| Non-recurring operating charges | 66A | - | €1,116 | +€1,116 | |
| Gross operating margin | 9900 | €142,774 | €175,863 | +€33,089 | +23.2% |
| Operating profit (loss) | 9901 | €46,514 | €85,415 | +€38,901 | +83.6% |
| Financial income | 75/76B | €3,568 | €3,616 | +€48 | +1.3% |
| Recurring financial income | 75 | €3,568 | €1,825 | -€1,743 | -48.9% |
| Non-recurring financial income | 76B | €3,568 | €1,791 | -€1,777 | -49.8% |
| Financial charges | 65/66B | €6,754 | €347 | -€6,408 | -94.9% |
| Recurring financial charges | 65 | €3,363 | €347 | -€3,017 | -89.7% |
| Non-recurring financial charges | 66B | €3,391 | - | -€3,391 | |
| Profit (loss) for the period before taxes | 9903 | €43,328 | €88,684 | +€45,357 | +105% |
| Income taxes | 67/77 | €2,282 | - | -€2,282 | |
| Profit (loss) for the period | 9904 | €41,046 | €88,684 | +€47,638 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €41,046 | €88,684 | +€47,638 | +116% |
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 19 October 2026 via checked.be.