A-Impression: 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.
A-Impression
Largest movements
- Receivables within one year +€21,236
up €21,236 (+66.2%), from €32,066 to €53,302
of which Trade receivables: +€21,798
- Tangible fixed assets -€18,820
down €18,820 (-18.8%), from €100,040 to €81,220
- Cash +€17,330
up €17,330 (+76.7%), from €22,585 to €39,915
mainly Depreciation (+€28,052) and Net result for the year (+€27,472)
- Stocks and contracts +€5,432
up €5,432 (+34.6%), from €15,697 to €21,129
- Profit (loss) carried forward +€27,472
up €27,472 (+133.9%), from €20,523 to €47,995
- Debts after one year -€12,909
down €12,909 (-29.2%), from €44,155 to €31,246
- Trade debts +€10,874
up €10,874 (+57.6%), from €18,870 to €29,743
- Other debts -€7,548
down €7,548 (-11.8%), from €63,956 to €56,408
- Tax, wage and social debts +€5,425
up €5,425 (+45.4%), from €11,958 to €17,383
of which Taxes: +€9,712
- Gross operating margin +€38,485
up €38,485 (+36.7%), from €104,853 to €143,338
- Depreciation +€5,180
up €5,180 (+22.6%), from €22,872 to €28,052
- Taxes +€2,465
up €2,465 (+139.0%), from €1,774 to €4,238
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 | €180,985 | €203,994 | +€23,009 | +12.7% |
| Fixed assets | 21/28 | €110,133 | €89,385 | -€20,749 | -18.8% |
| Intangible fixed assets | 21 | €9,594 | €7,665 | -€1,929 | -20.1% |
| Tangible fixed assets | 22/27 | €100,040 | €81,220 | -€18,820 | -18.8% |
| Plant, machinery and equipment | 23 | €33,405 | €28,848 | -€4,557 | -13.6% |
| Furniture and vehicles | 24 | €27,511 | €19,755 | -€7,756 | -28.2% |
| Leasing and similar rights | 25 | €11,098 | €7,948 | -€3,150 | -28.4% |
| Other tangible fixed assets | 26 | €28,026 | €24,670 | -€3,356 | -12.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €70,852 | €114,609 | +€43,758 | +61.8% |
| Stocks and contracts in progress | 3 | €15,697 | €21,129 | +€5,432 | +34.6% |
| Stocks | 30/36 | €15,697 | €21,129 | +€5,432 | +34.6% |
| Amounts receivable within one year | 40/41 | €32,066 | €53,302 | +€21,236 | +66.2% |
| Trade receivables | 40 | €31,503 | €53,302 | +€21,798 | +69.2% |
| Other amounts receivable | 41 | €562 | €0 | -€562 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,585 | €39,915 | +€17,330 | +76.7% |
| Deferred charges and accrued income | 490/1 | €504 | €264 | -€240 | -47.7% |
| Total equity and liabilities | 10/49 | €180,985 | €203,994 | +€23,009 | +12.7% |
| Equity | 10/15 | €25,523 | €52,995 | +€27,472 | +107.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,523 | €47,995 | +€27,472 | +133.9% |
| Amounts payable | 17/49 | €155,462 | €150,999 | -€4,463 | -2.9% |
| Amounts payable after more than one year | 17 | €44,155 | €31,246 | -€12,909 | -29.2% |
| Financial debts | 170/4 | €44,155 | €31,246 | -€12,909 | -29.2% |
| Amounts payable within one year | 42/48 | €109,557 | €119,628 | +€10,071 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €14,773 | €16,093 | +€1,320 | +8.9% |
| Trade debts | 44 | €18,870 | €29,743 | +€10,874 | +57.6% |
| Suppliers | 440/4 | €18,870 | €29,743 | +€10,874 | +57.6% |
| Taxes, remuneration and social security | 45 | €11,958 | €17,383 | +€5,425 | +45.4% |
| Taxes | 450/3 | €2,013 | €11,725 | +€9,712 | +482.4% |
| Remuneration and social security | 454/9 | €9,945 | €5,658 | -€4,287 | -43.1% |
| Other amounts payable | 47/48 | €63,956 | €56,408 | -€7,548 | -11.8% |
| Accrued charges and deferred income | 492/3 | €1,750 | €125 | -€1,625 | -92.8% |
| Non-recurring operating income | 76A | - | €5,013 | +€5,013 | |
| Remuneration, social security and pensions | 62 | €74,029 | €74,784 | +€755 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,872 | €28,052 | +€5,180 | +22.6% |
| Other operating charges | 640/8 | €1,122 | €1,066 | -€56 | -5.0% |
| Non-recurring operating charges | 66A | - | €5,081 | +€5,081 | |
| Gross operating margin | 9900 | €104,853 | €143,338 | +€38,485 | +36.7% |
| Operating profit (loss) | 9901 | €6,831 | €34,357 | +€27,526 | +403.0% |
| Financial income | 75/76B | €422 | €645 | +€223 | +52.8% |
| Recurring financial income | 75 | €422 | €645 | +€223 | +52.8% |
| Financial charges | 65/66B | €3,003 | €3,292 | +€289 | +9.6% |
| Recurring financial charges | 65 | €3,003 | €3,292 | +€289 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €4,250 | €31,710 | +€27,460 | +646.1% |
| Income taxes | 67/77 | €1,774 | €4,238 | +€2,465 | +139.0% |
| Profit (loss) for the period | 9904 | €2,477 | €27,472 | +€24,995 | +1009.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,477 | €27,472 | +€24,995 | +1009.3% |
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.