AC - échafaudage: 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.
AC - échafaudage
Largest movements
- Tangible fixed assets +€130,300
up €130,300 (+374%), from €34,866 to €165,165
of which Plant, machinery and equipment: +€125,991
- Receivables within one year +€82,147
up €82,147 (+631%), from €13,017 to €95,164
of which Trade receivables: +€81,584
- Cash +€34,406
up €34,406 (+282%), from €12,190 to €46,595
- Stocks and contracts -€10,380
no longer reported in 2025 (was €10,380)
- Profit (loss) carried forward +€135,988
up €135,988 (+669%), from €20,334 to €156,321
- Advances received +€53,938
up €53,938 (+7,020%), from €768 to €54,707
- Tax, wage and social debts +€39,258
up €39,258 (+913%), from €4,302 to €43,560
- Trade debts +€11,578
up €11,578 (+189%), from €6,129 to €17,707
- Other debts -€4,289
down €4,289 (-20.8%), from €20,597 to €16,308
- Gross operating margin +€158,108
up €158,108 (+536%), from €29,508 to €187,616
- Taxes +€34,025
up €34,025 (+1,839%), from €1,850 to €35,875
- Depreciation +€14,669
up €14,669 (+86.0%), from €17,050 to €31,718
- Write-downs +€7,452
new in 2025: €7,452
- Other operating charges +€2,268
up €2,268 (+152%), from €1,489 to €3,757
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,730 | €307,203 | +€236,473 | +334% |
| Fixed assets | 21/28 | €35,143 | €165,443 | +€130,300 | +371% |
| Tangible fixed assets | 22/27 | €34,866 | €165,165 | +€130,300 | +374% |
| Land and buildings | 22 | - | €984 | +€984 | |
| Plant, machinery and equipment | 23 | €33,447 | €159,438 | +€125,991 | +377% |
| Furniture and vehicles | 24 | €1,419 | €4,743 | +€3,324 | +234% |
| Financial fixed assets | 28 | €278 | €278 | = | 0.0% |
| Current assets | 29/58 | €35,587 | €141,759 | +€106,173 | +298% |
| Stocks and contracts in progress | 3 | €10,380 | - | -€10,380 | |
| Stocks | 30/36 | €10,380 | - | -€10,380 | |
| Amounts receivable within one year | 40/41 | €13,017 | €95,164 | +€82,147 | +631% |
| Trade receivables | 40 | €13,017 | €94,602 | +€81,584 | +627% |
| Other amounts receivable | 41 | - | €562 | +€562 | |
| Cash at bank and in hand | 54/58 | €12,190 | €46,595 | +€34,406 | +282% |
| Total equity and liabilities | 10/49 | €70,730 | €307,203 | +€236,473 | +334% |
| Equity | 10/15 | €38,934 | €174,921 | +€135,988 | +349% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,334 | €156,321 | +€135,988 | +669% |
| Amounts payable | 17/49 | €31,796 | €132,281 | +€100,485 | +316% |
| Amounts payable within one year | 42/48 | €31,796 | €132,281 | +€100,485 | +316% |
| Trade debts | 44 | €6,129 | €17,707 | +€11,578 | +189% |
| Suppliers | 440/4 | €6,129 | €17,707 | +€11,578 | +189% |
| Advances received on contracts in progress | 46 | €768 | €54,707 | +€53,938 | +7,020% |
| Taxes, remuneration and social security | 45 | €4,302 | €43,560 | +€39,258 | +913% |
| Taxes | 450/3 | €4,302 | €43,560 | +€39,258 | +913% |
| Other amounts payable | 47/48 | €20,597 | €16,308 | -€4,289 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,050 | €31,718 | +€14,669 | +86.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,452 | +€7,452 | |
| Other operating charges | 640/8 | €1,489 | €3,757 | +€2,268 | +152% |
| Gross operating margin | 9900 | €29,508 | €187,616 | +€158,108 | +536% |
| Operating profit (loss) | 9901 | €10,969 | €144,689 | +€133,720 | +1,219% |
| Financial charges | 65/66B | €518 | €1,503 | +€985 | +190% |
| Recurring financial charges | 65 | €518 | €1,503 | +€985 | +190% |
| Profit (loss) for the period before taxes | 9903 | €10,451 | €143,186 | +€132,735 | +1,270% |
| Income taxes | 67/77 | €1,850 | €35,875 | +€34,025 | +1,839% |
| Profit (loss) for the period | 9904 | €8,601 | €107,311 | +€98,710 | +1,148% |
| Profit (loss) for the period to be appropriated | 9905 | €8,601 | €107,311 | +€98,710 | +1,148% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.