ABSOLUMENT VERT: 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.
ABSOLUMENT VERT
Largest movements
- Receivables within one year +€58,574
up €58,574 (+70.6%), from €82,933 to €141,508
of which Trade receivables: +€61,233
- Tangible fixed assets +€20,248
up €20,248 (+82.2%), from €24,642 to €44,889
of which Plant, machinery and equipment: +€24,196
- Reserves +€50,871
up €50,871 (+70.9%), from €71,793 to €122,664
of which Distributable reserves: +€47,659
- Tax, wage and social debts +€11,490
up €11,490 (+95.6%), from €12,015 to €23,504
of which Taxes: +€10,996
- Debts after one year +€8,330
up €8,330 (+251.2%), from €3,317 to €11,646
- Current portion of long-term debt +€4,567
up €4,567 (+59.7%), from €7,653 to €12,219
- Trade debts +€3,720
up €3,720 (+17.0%), from €21,890 to €25,610
- Gross operating margin +€57,203
up €57,203 (+42.5%), from €134,451 to €191,654
- Taxes +€16,570
up €16,570 (+335.2%), from €4,943 to €21,512
- Depreciation +€6,180
up €6,180 (+95.7%), from €6,457 to €12,637
- Staff costs -€5,989
down €5,989 (-5.5%), from €109,062 to €103,073
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 | €126,686 | €206,172 | +€79,485 | +62.7% |
| Fixed assets | 21/28 | €25,742 | €45,989 | +€20,248 | +78.7% |
| Tangible fixed assets | 22/27 | €24,642 | €44,889 | +€20,248 | +82.2% |
| Plant, machinery and equipment | 23 | €9,456 | €33,652 | +€24,196 | +255.9% |
| Furniture and vehicles | 24 | €15,186 | €11,237 | -€3,948 | -26.0% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €100,945 | €160,182 | +€59,237 | +58.7% |
| Amounts receivable within one year | 40/41 | €82,933 | €141,508 | +€58,574 | +70.6% |
| Trade receivables | 40 | €76,153 | €137,387 | +€61,233 | +80.4% |
| Other amounts receivable | 41 | €6,780 | €4,121 | -€2,659 | -39.2% |
| Cash at bank and in hand | 54/58 | €17,517 | €18,087 | +€570 | +3.3% |
| Deferred charges and accrued income | 490/1 | €495 | €587 | +€93 | +18.8% |
| Total equity and liabilities | 10/49 | €126,686 | €206,172 | +€79,485 | +62.7% |
| Equity | 10/15 | €78,402 | €129,273 | +€50,871 | +64.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,793 | €122,664 | +€50,871 | +70.9% |
| Tax-exempt reserves | 132 | - | €3,212 | +€3,212 | |
| Distributable reserves | 133 | €71,793 | €119,452 | +€47,659 | +66.4% |
| Profit (loss) carried forward | 14 | €409 | €409 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €1,071 | +€1,071 | |
| Deferred taxes | 168 | - | €1,071 | +€1,071 | |
| Amounts payable | 17/49 | €48,285 | €75,828 | +€27,543 | +57.0% |
| Amounts payable after more than one year | 17 | €3,317 | €11,646 | +€8,330 | +251.2% |
| Financial debts | 170/4 | €3,317 | €11,646 | +€8,330 | +251.2% |
| Amounts payable within one year | 42/48 | €44,968 | €64,182 | +€19,214 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €7,653 | €12,219 | +€4,567 | +59.7% |
| Trade debts | 44 | €21,890 | €25,610 | +€3,720 | +17.0% |
| Suppliers | 440/4 | €21,890 | €25,610 | +€3,720 | +17.0% |
| Taxes, remuneration and social security | 45 | €12,015 | €23,504 | +€11,490 | +95.6% |
| Taxes | 450/3 | €1,130 | €12,126 | +€10,996 | +972.9% |
| Remuneration and social security | 454/9 | €10,884 | €11,378 | +€494 | +4.5% |
| Other amounts payable | 47/48 | €3,411 | €2,849 | -€562 | -16.5% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €109,062 | €103,073 | -€5,989 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,457 | €12,637 | +€6,180 | +95.7% |
| Other operating charges | 640/8 | €1,962 | €1,183 | -€778 | -39.7% |
| Non-recurring operating charges | 66A | €175 | €0 | -€175 | -100.0% |
| Gross operating margin | 9900 | €134,451 | €191,654 | +€57,203 | +42.5% |
| Operating profit (loss) | 9901 | €16,796 | €74,760 | +€57,965 | +345.1% |
| Financial income | 75/76B | €205 | €58 | -€147 | -71.6% |
| Recurring financial income | 75 | €205 | €58 | -€147 | -71.6% |
| Financial charges | 65/66B | €756 | €1,364 | +€609 | +80.5% |
| Recurring financial charges | 65 | €756 | €1,364 | +€609 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €16,245 | €73,454 | +€57,209 | +352.2% |
| Transfer from deferred taxes | 780 | - | €179 | +€179 | |
| Transfer to deferred taxes | 680 | - | €1,250 | +€1,250 | |
| Income taxes | 67/77 | €4,943 | €21,512 | +€16,570 | +335.2% |
| Profit (loss) for the period | 9904 | €11,302 | €50,871 | +€39,569 | +350.1% |
| Transfer from tax-exempt reserves | 789 | - | €538 | +€538 | |
| Transfer to tax-exempt reserves | 689 | - | €3,750 | +€3,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,302 | €47,659 | +€36,357 | +321.7% |
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.