A T B: 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 T B
Largest movements
- Receivables within one year +€96,432
up €96,432 (+37.5%), from €257,059 to €353,491
of which Trade receivables: +€72,311
- Tangible fixed assets +€22,174
up €22,174 (+534.7%), from €4,147 to €26,321
- Deferred charges and accrued income -€7,986
down €7,986 (-99.5%), from €8,025 to €39
- Profit (loss) carried forward +€100,255
up €100,255 (+67.3%), from €148,981 to €249,236
- Tax, wage and social debts +€10,671
up €10,671 (+30.4%), from €35,107 to €45,778
of which Taxes: +€9,358
- Gross operating margin +€67,274
up €67,274 (+18.6%), from €362,267 to €429,541
- Staff costs -€31,796
down €31,796 (-9.8%), from €323,947 to €292,151
- Taxes +€22,158
up €22,158 (+143.9%), from €15,400 to €37,558
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 | €269,488 | €379,947 | +€110,459 | +41.0% |
| Fixed assets | 21/28 | €4,383 | €26,396 | +€22,013 | +502.2% |
| Tangible fixed assets | 22/27 | €4,147 | €26,321 | +€22,174 | +534.7% |
| Furniture and vehicles | 24 | €4,147 | €26,321 | +€22,174 | +534.7% |
| Financial fixed assets | 28 | €236 | €75 | -€161 | -68.2% |
| Current assets | 29/58 | €265,105 | €353,551 | +€88,446 | +33.4% |
| Amounts receivable within one year | 40/41 | €257,059 | €353,491 | +€96,432 | +37.5% |
| Trade receivables | 40 | €53,610 | €125,921 | +€72,311 | +134.9% |
| Other amounts receivable | 41 | €203,449 | €227,570 | +€24,121 | +11.9% |
| Cash at bank and in hand | 54/58 | €21 | €21 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €8,025 | €39 | -€7,986 | -99.5% |
| Total equity and liabilities | 10/49 | €269,488 | €379,947 | +€110,459 | +41.0% |
| Equity | 10/15 | €217,151 | €317,406 | +€100,255 | +46.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,981 | €249,236 | +€100,255 | +67.3% |
| Amounts payable | 17/49 | €52,337 | €62,541 | +€10,204 | +19.5% |
| Amounts payable within one year | 42/48 | €52,337 | €62,541 | +€10,204 | +19.5% |
| Financial debts | 43 | €212 | €212 | = | 0.0% |
| Credit institutions | 430/8 | €212 | €212 | = | 0.0% |
| Trade debts | 44 | €17,018 | €16,551 | -€467 | -2.7% |
| Suppliers | 440/4 | €17,018 | €16,551 | -€467 | -2.7% |
| Taxes, remuneration and social security | 45 | €35,107 | €45,778 | +€10,671 | +30.4% |
| Taxes | 450/3 | €3,600 | €12,958 | +€9,358 | +259.9% |
| Remuneration and social security | 454/9 | €31,507 | €32,820 | +€1,313 | +4.2% |
| Remuneration, social security and pensions | 62 | €323,947 | €292,151 | -€31,796 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,353 | €2,257 | +€904 | +66.8% |
| Other operating charges | 640/8 | €445 | €458 | +€13 | +2.9% |
| Gross operating margin | 9900 | €362,267 | €429,541 | +€67,274 | +18.6% |
| Operating profit (loss) | 9901 | €36,522 | €134,675 | +€98,153 | +268.8% |
| Financial income | 75/76B | €3,767 | €6,545 | +€2,778 | +73.7% |
| Recurring financial income | 75 | €3,767 | €6,545 | +€2,778 | +73.7% |
| Financial charges | 65/66B | €2,805 | €3,407 | +€602 | +21.5% |
| Recurring financial charges | 65 | €2,805 | €3,407 | +€602 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €37,484 | €137,813 | +€100,329 | +267.7% |
| Income taxes | 67/77 | €15,400 | €37,558 | +€22,158 | +143.9% |
| Profit (loss) for the period | 9904 | €22,084 | €100,255 | +€78,171 | +354.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,084 | €100,255 | +€78,171 | +354.0% |
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.