AccountingTeam: what changed
What changed
AccountingTeam
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€556,064
2024 · €867,026-€310,962
Equity
€1.6m
2024 · €982,733+€662,969
Cash
€124,802
2024 · €261,580-€136,777
Balance sheet total
€3.1m
2024 · €2.5m+€621,269
Largest movements
Assets
- Receivables within one year +€728,969
up €728,969 (+43.5%), from €1.7m to €2.4m
of which Other amounts receivable: +€426,299
- Cash -€136,777
down €136,777 (-52.3%), from €261,580 to €124,802
mainly Receivables within one year (-€728,969) and Other debts (-€461,082)
- Tangible fixed assets +€49,390
up €49,390 (+11.8%), from €419,421 to €468,812
of which Furniture and vehicles: +€43,258
Equity and liabilities
- Profit (loss) carried forward +€598,567
up €598,567 (+165%), from €362,052 to €960,619
- Trade debts +€464,215
up €464,215 (+116%), from €400,690 to €864,905
- Other debts -€461,082
down €461,082 (-84.9%), from €543,192 to €82,110
- Reserves +€52,001
up €52,001 (+10.9%), from €478,081 to €530,082
of which Distributable reserves: +€52,001
- Tax, wage and social debts -€50,365
down €50,365 (-9.3%), from €540,093 to €489,728
of which Taxes: -€63,646
Income statement
- Staff costs +€181,943
up €181,943 (+10.4%), from €1.8m to €1.9m
- Taxes +€95,833
up €95,833 (+66.2%), from €144,696 to €240,529
- Gross operating margin +€62,959
up €62,959 (+2.2%), from €2.9m to €2.9m
- Financial income -€45,694
down €45,694 (-61.3%), from €74,593 to €28,899
- Other operating charges +€33,234
up €33,234 (+605%), from €5,491 to €38,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€867,026
Gross operating margin
+€62,959
Staff costs
-€181,943
Depreciation
-€21,301
Write-downs
-€5,747
Other operating charges
-€33,234
Other operating items
-€5,956
Financial income
-€45,694
Financial charges
+€15,787
Taxes
-€95,833
Result 2025
€556,064
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€82,117
Investment
-€161,565
Financing
+€106,905
Cash 2024
€261,580
From operations (derived)
-€82,117
Net result for the year
+€556,064
Depreciation
+€109,720
Receivables within one year
-€728,969
Deferred charges and accrued income
+€22,767
Trade debts
+€464,215
Tax, wage and social debts
-€50,365
Advances received
+€5,533
Other debts
-€461,082
Investment (derived)
-€161,565
Investment in fixed assets (net)
-€161,565
Financing
+€106,905
Contributions, distributions and other
+€106,905
Cash 2025
€124,802
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,466,708 | €3,087,977 | +€621,269 | +25.2% |
| Fixed assets | 21/28 | €429,774 | €481,619 | +€51,845 | +12.1% |
| Intangible fixed assets | 21 | €7,803 | €10,258 | +€2,455 | +31.5% |
| Tangible fixed assets | 22/27 | €419,421 | €468,812 | +€49,390 | +11.8% |
| Plant, machinery and equipment | 23 | €47,847 | €90,498 | +€42,651 | +89.1% |
| Furniture and vehicles | 24 | €136,580 | €179,838 | +€43,258 | +31.7% |
| Other tangible fixed assets | 26 | €234,994 | €198,475 | -€36,519 | -15.5% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €2,036,934 | €2,606,358 | +€569,424 | +28.0% |
| Amounts receivable within one year | 40/41 | €1,676,065 | €2,405,033 | +€728,969 | +43.5% |
| Trade receivables | 40 | €1,338,074 | €1,640,744 | +€302,669 | +22.6% |
| Other amounts receivable | 41 | €337,990 | €764,290 | +€426,299 | +126% |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €261,580 | €124,802 | -€136,777 | -52.3% |
| Deferred charges and accrued income | 490/1 | €99,287 | €76,520 | -€22,767 | -22.9% |
| Total equity and liabilities | 10/49 | €2,466,708 | €3,087,977 | +€621,269 | +25.2% |
| Equity | 10/15 | €982,733 | €1,645,701 | +€662,969 | +67.5% |
| Contributions | 10/11 | €142,600 | €155,000 | +€12,400 | +8.7% |
| Capital | 10 | €142,600 | €142,600 | = | 0.0% |
| Issued capital | 100 | €142,600 | €142,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €478,081 | €530,082 | +€52,001 | +10.9% |
| Non-distributable reserves | 130/1 | €15,499 | €15,499 | = | 0.0% |
| Legal reserve | 130 | €14,260 | €14,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,239 | €1,239 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,946 | €1,946 | = | 0.0% |
| Distributable reserves | 133 | €460,635 | €512,637 | +€52,001 | +11.3% |
| Profit (loss) carried forward | 14 | €362,052 | €960,619 | +€598,567 | +165% |
| Amounts payable | 17/49 | €1,483,975 | €1,442,276 | -€41,699 | -2.8% |
| Amounts payable within one year | 42/48 | €1,483,975 | €1,442,276 | -€41,699 | -2.8% |
| Trade debts | 44 | €400,690 | €864,905 | +€464,215 | +116% |
| Suppliers | 440/4 | €400,690 | €864,905 | +€464,215 | +116% |
| Advances received on contracts in progress | 46 | - | €5,533 | +€5,533 | |
| Taxes, remuneration and social security | 45 | €540,093 | €489,728 | -€50,365 | -9.3% |
| Taxes | 450/3 | €206,430 | €142,784 | -€63,646 | -30.8% |
| Remuneration and social security | 454/9 | €333,663 | €346,944 | +€13,281 | +4.0% |
| Other amounts payable | 47/48 | €543,192 | €82,110 | -€461,082 | -84.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,202 | +€1,202 | |
| Remuneration, social security and pensions | 62 | €1,754,082 | €1,936,026 | +€181,943 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,419 | €109,720 | +€21,301 | +24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,003 | €49,750 | +€5,747 | +13.1% |
| Other operating charges | 640/8 | €5,491 | €38,724 | +€33,234 | +605% |
| Non-recurring operating charges | 66A | €1,142 | €7,098 | +€5,956 | +522% |
| Gross operating margin | 9900 | €2,860,075 | €2,923,034 | +€62,959 | +2.2% |
| Operating profit (loss) | 9901 | €966,938 | €781,715 | -€185,223 | -19.2% |
| Financial income | 75/76B | €74,593 | €28,899 | -€45,694 | -61.3% |
| Recurring financial income | 75 | €74,593 | €28,899 | -€45,694 | -61.3% |
| Financial charges | 65/66B | €29,809 | €14,022 | -€15,787 | -53.0% |
| Recurring financial charges | 65 | €29,809 | €14,022 | -€15,787 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €1,011,722 | €796,593 | -€215,129 | -21.3% |
| Income taxes | 67/77 | €144,696 | €240,529 | +€95,833 | +66.2% |
| Profit (loss) for the period | 9904 | €867,026 | €556,064 | -€310,962 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €867,026 | €556,064 | -€310,962 | -35.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.