93: 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.
93
Largest movements
- Stocks and contracts +€49,849
up €49,849 (+97.1%), from €51,346 to €101,195
- Receivables after one year +€38,169
up €38,169 (+27.8%), from €137,516 to €175,685
- Receivables within one year -€14,108
down €14,108 (-15.6%), from €90,431 to €76,323
of which Other amounts receivable: -€34,004
- Tangible fixed assets -€8,745
down €8,745 (-29.9%), from €29,230 to €20,486
of which Plant, machinery and equipment: -€7,870
- Cash +€6,441
up €6,441 (+36.9%), from €17,455 to €23,896
mainly Trade debts (+€101,548) and Receivables within one year (+€14,108)
- Trade debts +€101,548
up €101,548 (+33.9%), from €299,500 to €401,048
- Tax, wage and social debts -€13,354
down €13,354 (-58.3%), from €22,918 to €9,564
of which Remuneration and social security: -€14,493
- Current portion of long-term debt -€11,428
no longer reported in 2025 (was €11,428)
- Other debts -€10,270
down €10,270 (-100.0%), from €10,270 to €0
- Gross operating margin +€59,328
up €59,328 (+96.1%), from €61,712 to €121,040
- Staff costs -€23,620
down €23,620 (-18.8%), from €125,643 to €102,023
- Depreciation -€10,260
down €10,260 (-50.5%), from €20,318 to €10,058
- Other operating charges +€3,369
up €3,369 (+83.7%), from €4,025 to €7,394
- Financial charges -€2,750
down €2,750 (-33.6%), from €8,194 to €5,444
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 | €335,287 | €402,353 | +€67,067 | +20.0% |
| Fixed assets | 21/28 | €35,214 | €25,156 | -€10,058 | -28.6% |
| Intangible fixed assets | 21 | €5,253 | €3,940 | -€1,313 | -25.0% |
| Tangible fixed assets | 22/27 | €29,230 | €20,486 | -€8,745 | -29.9% |
| Plant, machinery and equipment | 23 | €25,226 | €17,356 | -€7,870 | -31.2% |
| Furniture and vehicles | 24 | €556 | €371 | -€185 | -33.3% |
| Other tangible fixed assets | 26 | €3,448 | €2,759 | -€690 | -20.0% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €300,073 | €377,198 | +€77,125 | +25.7% |
| Amounts receivable after more than one year | 29 | €137,516 | €175,685 | +€38,169 | +27.8% |
| Other amounts receivable | 291 | €137,516 | €175,685 | +€38,169 | +27.8% |
| Stocks and contracts in progress | 3 | €51,346 | €101,195 | +€49,849 | +97.1% |
| Stocks | 30/36 | €51,346 | €101,195 | +€49,849 | +97.1% |
| Amounts receivable within one year | 40/41 | €90,431 | €76,323 | -€14,108 | -15.6% |
| Trade receivables | 40 | €13,706 | €33,602 | +€19,897 | +145.2% |
| Other amounts receivable | 41 | €76,725 | €42,721 | -€34,004 | -44.3% |
| Cash at bank and in hand | 54/58 | €17,455 | €23,896 | +€6,441 | +36.9% |
| Deferred charges and accrued income | 490/1 | €3,325 | €98 | -€3,226 | -97.0% |
| Total equity and liabilities | 10/49 | €335,287 | €402,353 | +€67,067 | +20.0% |
| Equity | 10/15 | -€8,928 | -€9,390 | -€461 | -5.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,098 | -€77,560 | -€461 | -0.6% |
| Amounts payable | 17/49 | €344,215 | €411,743 | +€67,528 | +19.6% |
| Amounts payable within one year | 42/48 | €344,116 | €410,612 | +€66,496 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €11,428 | - | -€11,428 | |
| Trade debts | 44 | €299,500 | €401,048 | +€101,548 | +33.9% |
| Suppliers | 440/4 | €299,500 | €401,048 | +€101,548 | +33.9% |
| Taxes, remuneration and social security | 45 | €22,918 | €9,564 | -€13,354 | -58.3% |
| Taxes | 450/3 | €281 | €1,420 | +€1,139 | +405.9% |
| Remuneration and social security | 454/9 | €22,638 | €8,145 | -€14,493 | -64.0% |
| Other amounts payable | 47/48 | €10,270 | €0 | -€10,270 | -100.0% |
| Accrued charges and deferred income | 492/3 | €99 | €1,131 | +€1,032 | +1041.3% |
| Remuneration, social security and pensions | 62 | €125,643 | €102,023 | -€23,620 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,318 | €10,058 | -€10,260 | -50.5% |
| Other operating charges | 640/8 | €4,025 | €7,394 | +€3,369 | +83.7% |
| Gross operating margin | 9900 | €61,712 | €121,040 | +€59,328 | +96.1% |
| Operating profit (loss) | 9901 | -€88,274 | €1,565 | +€89,839 | |
| Financial income | 75/76B | €2,464 | €3,418 | +€954 | +38.7% |
| Recurring financial income | 75 | €2,464 | €3,418 | +€954 | +38.7% |
| Financial charges | 65/66B | €8,194 | €5,444 | -€2,750 | -33.6% |
| Recurring financial charges | 65 | €8,194 | €5,444 | -€2,750 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€94,003 | -€461 | +€93,543 | +99.5% |
| Income taxes | 67/77 | €0 | €1 | +€0 | +163.0% |
| Profit (loss) for the period | 9904 | -€94,004 | -€461 | +€93,542 | +99.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,004 | -€461 | +€93,542 | +99.5% |
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 12 October 2026 via checked.be.