A 6: 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.
A 6
Largest movements
- Receivables within one year +€154,431
up €154,431 (+72.5%), from €213,072 to €367,504
of which Other amounts receivable: +€92,541
- Tangible fixed assets -€144,231
down €144,231 (-31.7%), from €455,471 to €311,240
of which Leasing and similar rights: -€89,192
- Cash -€68,776
down €68,776 (-20.5%), from €335,243 to €266,468
mainly Receivables within one year (-€154,431) and Debts after one year (-€93,285)
- Deferred charges and accrued income +€10,811
up €10,811 (+32.0%), from €33,775 to €44,586
- Debts after one year -€93,285
down €93,285 (-42.8%), from €217,798 to €124,513
- Trade debts +€45,124
up €45,124 (+64.7%), from €69,719 to €114,843
- Profit (loss) carried forward +€39,421
up €39,421 (+17.8%), from €221,822 to €261,244
- Short-term financial debts -€35,000
no longer reported in 2025 (was €35,000)
- Current portion of long-term debt -€10,698
down €10,698 (-10.3%), from €103,983 to €93,285
- Gross operating margin -€187,791
down €187,791 (-27.3%), from €687,042 to €499,251
- Staff costs -€74,619
down €74,619 (-21.2%), from €351,264 to €276,645
- Other operating charges +€19,044
up €19,044 (+153.0%), from €12,445 to €31,490
- Taxes -€14,322
down €14,322 (-45.5%), from €31,500 to €17,178
- Depreciation -€9,613
down €9,613 (-7.5%), from €128,421 to €118,808
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 | €1,057,562 | €1,009,797 | -€47,764 | -4.5% |
| Fixed assets | 21/28 | €455,471 | €311,240 | -€144,231 | -31.7% |
| Tangible fixed assets | 22/27 | €455,471 | €311,240 | -€144,231 | -31.7% |
| Plant, machinery and equipment | 23 | €10,143 | €5,450 | -€4,693 | -46.3% |
| Furniture and vehicles | 24 | €57,215 | €17,280 | -€39,936 | -69.8% |
| Leasing and similar rights | 25 | €289,299 | €200,107 | -€89,192 | -30.8% |
| Other tangible fixed assets | 26 | €98,814 | €88,404 | -€10,411 | -10.5% |
| Current assets | 29/58 | €602,090 | €698,558 | +€96,467 | +16.0% |
| Amounts receivable within one year | 40/41 | €213,072 | €367,504 | +€154,431 | +72.5% |
| Trade receivables | 40 | €208,845 | €270,735 | +€61,890 | +29.6% |
| Other amounts receivable | 41 | €4,227 | €96,768 | +€92,541 | +2189.3% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €335,243 | €266,468 | -€68,776 | -20.5% |
| Deferred charges and accrued income | 490/1 | €33,775 | €44,586 | +€10,811 | +32.0% |
| Total equity and liabilities | 10/49 | €1,057,562 | €1,009,797 | -€47,764 | -4.5% |
| Equity | 10/15 | €588,974 | €628,395 | +€39,421 | +6.7% |
| Contributions | 10/11 | €315,592 | €315,592 | = | 0.0% |
| Reserves | 13 | €51,559 | €51,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,559 | €51,559 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,559 | €31,559 | = | 0.0% |
| Own shares acquired | 1312 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,822 | €261,244 | +€39,421 | +17.8% |
| Amounts payable | 17/49 | €468,588 | €381,402 | -€87,186 | -18.6% |
| Amounts payable after more than one year | 17 | €217,798 | €124,513 | -€93,285 | -42.8% |
| Financial debts | 170/4 | €217,798 | €124,513 | -€93,285 | -42.8% |
| Amounts payable within one year | 42/48 | €250,790 | €256,890 | +€6,099 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €103,983 | €93,285 | -€10,698 | -10.3% |
| Financial debts | 43 | €35,000 | - | -€35,000 | |
| Credit institutions | 430/8 | €35,000 | - | -€35,000 | |
| Trade debts | 44 | €69,719 | €114,843 | +€45,124 | +64.7% |
| Suppliers | 440/4 | €69,719 | €114,843 | +€45,124 | +64.7% |
| Taxes, remuneration and social security | 45 | €42,089 | €47,172 | +€5,083 | +12.1% |
| Taxes | 450/3 | €21,931 | €31,584 | +€9,653 | +44.0% |
| Remuneration and social security | 454/9 | €20,158 | €15,588 | -€4,570 | -22.7% |
| Other amounts payable | 47/48 | - | €1,590 | +€1,590 | |
| Remuneration, social security and pensions | 62 | €351,264 | €276,645 | -€74,619 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,421 | €118,808 | -€9,613 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,292 | +€5,292 | |
| Other operating charges | 640/8 | €12,445 | €31,490 | +€19,044 | +153.0% |
| Gross operating margin | 9900 | €687,042 | €499,251 | -€187,791 | -27.3% |
| Operating profit (loss) | 9901 | €194,911 | €67,016 | -€127,895 | -65.6% |
| Financial income | 75/76B | €3,134 | €89 | -€3,045 | -97.2% |
| Recurring financial income | 75 | €3,134 | €89 | -€3,045 | -97.2% |
| Financial charges | 65/66B | €13,344 | €10,506 | -€2,838 | -21.3% |
| Recurring financial charges | 65 | €13,344 | €10,506 | -€2,838 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €184,700 | €56,599 | -€128,101 | -69.4% |
| Income taxes | 67/77 | €31,500 | €17,178 | -€14,322 | -45.5% |
| Profit (loss) for the period | 9904 | €153,200 | €39,421 | -€113,779 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,200 | €39,421 | -€113,779 | -74.3% |
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 6 October 2026 via checked.be.