A BLOC: 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 BLOC
Largest movements
- Current investments +€100,075
new in 2025: €100,075
- Tangible fixed assets -€45,687
down €45,687 (-13.3%), from €343,933 to €298,246
of which Furniture and vehicles: -€29,442
- Cash -€24,095
down €24,095 (-25.5%), from €94,582 to €70,487
mainly Current investments (-€100,075) and Other debts (-€36,483)
- Receivables within one year +€13,804
up €13,804 (+50.9%), from €27,106 to €40,910
of which Other amounts receivable: +€18,000
- Profit (loss) carried forward +€117,674
up €117,674 (+130.3%), from €90,282 to €207,956
- Other debts -€36,483
down €36,483 (-41.7%), from €87,568 to €51,084
- Debts after one year -€29,207
down €29,207 (-77.0%), from €37,944 to €8,737
of which Financial debts: -€29,207
- Accrued charges and deferred income -€16,175
down €16,175 (-44.8%), from €36,137 to €19,962
- Trade debts +€12,650
up €12,650 (+267.0%), from €4,738 to €17,388
- Gross operating margin +€49,768
up €49,768 (+12.9%), from €386,314 to €436,082
- Staff costs +€21,612
up €21,612 (+12.1%), from €178,581 to €200,193
- Taxes +€12,158
up €12,158 (+63.0%), from €19,303 to €31,461
- Other operating charges -€8,794
down €8,794 (-37.0%), from €23,757 to €14,963
- Financial charges -€5,323
down €5,323 (-57.8%), from €9,204 to €3,881
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 | €470,159 | €513,446 | +€43,287 | +9.2% |
| Fixed assets | 21/28 | €345,185 | €298,498 | -€46,687 | -13.5% |
| Intangible fixed assets | 21 | €1,052 | €52 | -€1,000 | -95.1% |
| Tangible fixed assets | 22/27 | €343,933 | €298,246 | -€45,687 | -13.3% |
| Plant, machinery and equipment | 23 | €19,702 | €24,194 | +€4,491 | +22.8% |
| Furniture and vehicles | 24 | €232,006 | €202,565 | -€29,442 | -12.7% |
| Other tangible fixed assets | 26 | €92,225 | €71,487 | -€20,737 | -22.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €124,974 | €214,948 | +€89,974 | +72.0% |
| Stocks and contracts in progress | 3 | €2,842 | €1,932 | -€910 | -32.0% |
| Stocks | 30/36 | €2,842 | €1,932 | -€910 | -32.0% |
| Amounts receivable within one year | 40/41 | €27,106 | €40,910 | +€13,804 | +50.9% |
| Trade receivables | 40 | €15,106 | €10,910 | -€4,196 | -27.8% |
| Other amounts receivable | 41 | €12,000 | €30,000 | +€18,000 | +150.0% |
| Current investments | 50/53 | - | €100,075 | +€100,075 | |
| Cash at bank and in hand | 54/58 | €94,582 | €70,487 | -€24,095 | -25.5% |
| Deferred charges and accrued income | 490/1 | €444 | €1,544 | +€1,100 | +248.0% |
| Total equity and liabilities | 10/49 | €470,159 | €513,446 | +€43,287 | +9.2% |
| Equity | 10/15 | €153,382 | €271,056 | +€117,674 | +76.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,282 | €207,956 | +€117,674 | +130.3% |
| Investment grants | 15 | €13,099 | €13,099 | = | 0.0% |
| Amounts payable | 17/49 | €316,777 | €242,390 | -€74,387 | -23.5% |
| Amounts payable after more than one year | 17 | €37,944 | €8,737 | -€29,207 | -77.0% |
| Financial debts | 170/4 | €37,944 | €8,737 | -€29,207 | -77.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €242,695 | €213,691 | -€29,004 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €68,269 | €62,499 | -€5,769 | -8.5% |
| Financial debts | 43 | €1,365 | €1,365 | = | 0.0% |
| Other loans | 439 | €1,365 | €1,365 | = | 0.0% |
| Trade debts | 44 | €4,738 | €17,388 | +€12,650 | +267.0% |
| Suppliers | 440/4 | €4,738 | €17,388 | +€12,650 | +267.0% |
| Taxes, remuneration and social security | 45 | €80,756 | €81,354 | +€598 | +0.7% |
| Taxes | 450/3 | €54,993 | €54,641 | -€351 | -0.6% |
| Remuneration and social security | 454/9 | €25,763 | €26,713 | +€950 | +3.7% |
| Other amounts payable | 47/48 | €87,568 | €51,084 | -€36,483 | -41.7% |
| Accrued charges and deferred income | 492/3 | €36,137 | €19,962 | -€16,175 | -44.8% |
| Remuneration, social security and pensions | 62 | €178,581 | €200,193 | +€21,612 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,268 | €67,934 | +€2,665 | +4.1% |
| Other operating charges | 640/8 | €23,757 | €14,963 | -€8,794 | -37.0% |
| Gross operating margin | 9900 | €386,314 | €436,082 | +€49,768 | +12.9% |
| Operating profit (loss) | 9901 | €118,707 | €152,992 | +€34,285 | +28.9% |
| Financial income | 75/76B | €51 | €24 | -€27 | -53.4% |
| Recurring financial income | 75 | €51 | €24 | -€27 | -53.4% |
| Financial charges | 65/66B | €9,204 | €3,881 | -€5,323 | -57.8% |
| Recurring financial charges | 65 | €9,204 | €3,881 | -€5,323 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €109,554 | €149,135 | +€39,581 | +36.1% |
| Income taxes | 67/77 | €19,303 | €31,461 | +€12,158 | +63.0% |
| Profit (loss) for the period | 9904 | €90,251 | €117,674 | +€27,423 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,251 | €117,674 | +€27,423 | +30.4% |
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 4 October 2026 via checked.be.