A LA MAIN: 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 LA MAIN
Largest movements
- Tangible fixed assets +€35,138
up €35,138 (+38.0%), from €92,447 to €127,585
of which Other tangible fixed assets: +€36,009
- Receivables within one year +€15,172
up €15,172 (+210%), from €7,231 to €22,403
of which Other amounts receivable: +€15,272
- Stocks and contracts +€14,548
up €14,548 (+11.0%), from €131,661 to €146,209
- Other debts +€99,223
up €99,223 (+1,060%), from €9,359 to €108,581
- Reserves -€86,410
down €86,410 (-56.7%), from €152,413 to €66,004
- Current portion of long-term debt +€25,460
up €25,460 (+377%), from €6,762 to €32,222
- Trade debts +€21,465
up €21,465 (+91.8%), from €23,390 to €44,855
- Debts after one year +€16,231
new in 2025: €16,231
- Staff costs +€112,780
up €112,780 (+31.5%), from €357,618 to €470,398
- Gross operating margin +€82,624
up €82,624 (+18.5%), from €445,723 to €528,347
- Taxes -€7,116
down €7,116 (-55.3%), from €12,869 to €5,754
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 | €305,083 | €372,646 | +€67,563 | +22.1% |
| Formation expenses | 20 | €185 | - | -€185 | |
| Fixed assets | 21/28 | €93,947 | €129,085 | +€35,138 | +37.4% |
| Tangible fixed assets | 22/27 | €92,447 | €127,585 | +€35,138 | +38.0% |
| Plant, machinery and equipment | 23 | €45,027 | €47,350 | +€2,323 | +5.2% |
| Furniture and vehicles | 24 | €24,493 | €21,299 | -€3,194 | -13.0% |
| Other tangible fixed assets | 26 | €22,927 | €58,936 | +€36,009 | +157% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €210,951 | €243,561 | +€32,610 | +15.5% |
| Stocks and contracts in progress | 3 | €131,661 | €146,209 | +€14,548 | +11.0% |
| Stocks | 30/36 | €131,661 | €146,209 | +€14,548 | +11.0% |
| Amounts receivable within one year | 40/41 | €7,231 | €22,403 | +€15,172 | +210% |
| Trade receivables | 40 | €100 | - | -€100 | |
| Other amounts receivable | 41 | €7,131 | €22,403 | +€15,272 | +214% |
| Cash at bank and in hand | 54/58 | €71,609 | €74,117 | +€2,508 | +3.5% |
| Deferred charges and accrued income | 490/1 | €450 | €832 | +€382 | +84.9% |
| Total equity and liabilities | 10/49 | €305,083 | €372,646 | +€67,563 | +22.1% |
| Equity | 10/15 | €172,413 | €86,004 | -€86,410 | -50.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €152,413 | €66,004 | -€86,410 | -56.7% |
| Distributable reserves | 133 | €152,413 | €66,004 | -€86,410 | -56.7% |
| Amounts payable | 17/49 | €132,670 | €286,643 | +€153,973 | +116% |
| Amounts payable after more than one year | 17 | - | €16,231 | +€16,231 | |
| Financial debts | 170/4 | - | €16,231 | +€16,231 | |
| Amounts payable within one year | 42/48 | €132,670 | €270,412 | +€137,742 | +104% |
| Current portion of amounts payable after more than one year | 42 | €6,762 | €32,222 | +€25,460 | +377% |
| Trade debts | 44 | €23,390 | €44,855 | +€21,465 | +91.8% |
| Suppliers | 440/4 | €23,390 | €44,855 | +€21,465 | +91.8% |
| Taxes, remuneration and social security | 45 | €93,160 | €84,753 | -€8,407 | -9.0% |
| Taxes | 450/3 | €58,976 | €35,889 | -€23,086 | -39.1% |
| Remuneration and social security | 454/9 | €34,184 | €48,864 | +€14,680 | +42.9% |
| Other amounts payable | 47/48 | €9,359 | €108,581 | +€99,223 | +1,060% |
| Remuneration, social security and pensions | 62 | €357,618 | €470,398 | +€112,780 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,909 | €24,207 | +€4,298 | +21.6% |
| Other operating charges | 640/8 | €2,776 | €4,988 | +€2,212 | +79.7% |
| Gross operating margin | 9900 | €445,723 | €528,347 | +€82,624 | +18.5% |
| Operating profit (loss) | 9901 | €65,421 | €28,754 | -€36,666 | -56.0% |
| Financial income | 75/76B | €8 | €5 | -€3 | -33.9% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -33.9% |
| Financial charges | 65/66B | €11,017 | €9,416 | -€1,601 | -14.5% |
| Recurring financial charges | 65 | €11,017 | €9,416 | -€1,601 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €54,412 | €19,344 | -€35,068 | -64.4% |
| Income taxes | 67/77 | €12,869 | €5,754 | -€7,116 | -55.3% |
| Profit (loss) for the period | 9904 | €41,543 | €13,590 | -€27,952 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,543 | €13,590 | -€27,952 | -67.3% |
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 16 October 2026 via checked.be.