ACTUAL SIGN: 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.
What changed
ACTUAL SIGN
NACE 43.350, Other building finishing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,561
2024 · €89,203-€83,642
Equity
-€612,012
2024 · -€617,573+€5,561
Cash
€22,223
2024 · €15,976+€6,247
Balance sheet total
€695,990
2024 · €837,131-€141,141
Largest movements
Assets
- Receivables within one year -€148,371
down €148,371 (-18.3%), from €811,836 to €663,465
of which Trade receivables: -€178,017
Equity and liabilities
- Debts after one year +€784,401
up €784,401 (+13,253%), from €5,919 to €790,320
of which Other amounts payable: +€790,320
- Other debts -€714,281
down €714,281 (-100%), from €714,281 to €0
- Accrued charges and deferred income -€114,626
down €114,626 (-69.6%), from €164,693 to €50,067
- Trade debts -€82,277
down €82,277 (-20.1%), from €409,945 to €327,668
- Short-term financial debts -€52,071
down €52,071 (-100%), from €52,071 to €0
Income statement
- Gross operating margin -€108,377
down €108,377 (-17.6%), from €615,739 to €507,363
- Staff costs -€34,023
down €34,023 (-6.9%), from €490,006 to €455,983
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.
Result 2024
€89,203
Gross operating margin
-€108,377
Staff costs
+€34,023
Write-downs
-€4,162
Other operating charges
-€1,486
Financial income
+€1,900
Financial charges
-€5,861
Taxes
+€321
Result 2025
€5,561
raises the resultlowers the result
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.
From operations
-€767,032
Investment
-€60
Financing
+€773,339
Cash 2024
€15,976
From operations (derived)
-€767,032
Net result for the year
+€5,561
Depreciation
+€679
Receivables within one year
+€148,371
Deferred charges and accrued income
-€1,602
Trade debts
-€82,277
Tax, wage and social debts
-€8,857
Other debts
-€714,281
Accrued charges and deferred income
-€114,626
Investment (derived)
-€60
Investment in fixed assets (net)
-€60
Financing
+€773,339
Debts after one year
+€784,401
Current portion of long-term debt
+€41,009
Short-term financial debts
-€52,071
Cash 2025
€22,223
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €837,131 | €695,990 | -€141,141 | -16.9% |
| Fixed assets | 21/28 | €2,609 | €1,990 | -€619 | -23.7% |
| Tangible fixed assets | 22/27 | €2,609 | €1,930 | -€679 | -26.0% |
| Furniture and vehicles | 24 | €2,609 | €1,930 | -€679 | -26.0% |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €834,522 | €694,000 | -€140,523 | -16.8% |
| Amounts receivable within one year | 40/41 | €811,836 | €663,465 | -€148,371 | -18.3% |
| Trade receivables | 40 | €785,418 | €607,401 | -€178,017 | -22.7% |
| Other amounts receivable | 41 | €26,418 | €56,064 | +€29,646 | +112% |
| Cash at bank and in hand | 54/58 | €15,976 | €22,223 | +€6,247 | +39.1% |
| Deferred charges and accrued income | 490/1 | €6,710 | €8,312 | +€1,602 | +23.9% |
| Total equity and liabilities | 10/49 | €837,131 | €695,990 | -€141,141 | -16.9% |
| Equity | 10/15 | -€617,573 | -€612,012 | +€5,561 | +0.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€837,573 | -€832,012 | +€5,561 | +0.7% |
| Amounts payable | 17/49 | €1,454,704 | €1,308,001 | -€146,702 | -10.1% |
| Amounts payable after more than one year | 17 | €5,919 | €790,320 | +€784,401 | +13,253% |
| Financial debts | 170/4 | €5,919 | €0 | -€5,919 | -100% |
| Other amounts payable | 178/9 | - | €790,320 | +€790,320 | |
| Amounts payable within one year | 42/48 | €1,284,092 | €467,614 | -€816,478 | -63.6% |
| Current portion of amounts payable after more than one year | 42 | €34,590 | €75,599 | +€41,009 | +119% |
| Financial debts | 43 | €52,071 | €0 | -€52,071 | -100% |
| Credit institutions | 430/8 | €52,071 | €0 | -€52,071 | -100% |
| Trade debts | 44 | €409,945 | €327,668 | -€82,277 | -20.1% |
| Suppliers | 440/4 | €409,945 | €327,668 | -€82,277 | -20.1% |
| Taxes, remuneration and social security | 45 | €73,204 | €64,347 | -€8,857 | -12.1% |
| Taxes | 450/3 | €9,230 | €13,221 | +€3,990 | +43.2% |
| Remuneration and social security | 454/9 | €63,974 | €51,126 | -€12,847 | -20.1% |
| Other amounts payable | 47/48 | €714,281 | €0 | -€714,281 | -100% |
| Accrued charges and deferred income | 492/3 | €164,693 | €50,067 | -€114,626 | -69.6% |
| Non-recurring operating income | 76A | €6,760 | €0 | -€6,760 | -100% |
| Remuneration, social security and pensions | 62 | €490,006 | €455,983 | -€34,023 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €679 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,790 | -€2,627 | +€4,162 | +61.3% |
| Other operating charges | 640/8 | €745 | €2,231 | +€1,486 | +200% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €615,739 | €507,363 | -€108,377 | -17.6% |
| Operating profit (loss) | 9901 | €131,100 | €51,098 | -€80,002 | -61.0% |
| Financial income | 75/76B | €726 | €2,626 | +€1,900 | +262% |
| Recurring financial income | 75 | €726 | €2,626 | +€1,900 | +262% |
| Financial charges | 65/66B | €41,302 | €47,163 | +€5,861 | +14.2% |
| Recurring financial charges | 65 | €41,302 | €47,163 | +€5,861 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €90,524 | €6,561 | -€83,963 | -92.8% |
| Income taxes | 67/77 | €1,321 | €1,000 | -€321 | -24.3% |
| Profit (loss) for the period | 9904 | €89,203 | €5,561 | -€83,642 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,203 | €5,561 | -€83,642 | -93.8% |
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 1 November 2026 via checked.be.