ADD RESTORE: 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.
ADD RESTORE
Largest movements
- Receivables within one year +€41,419
up €41,419 (+33.5%), from €123,629 to €165,048
of which Trade receivables: +€23,759
- Tangible fixed assets +€10,095
up €10,095 (+16.7%), from €60,492 to €70,586
of which Leasing and similar rights: +€30,845
- Cash -€8,119
down €8,119 (-80.0%), from €10,152 to €2,033
mainly Receivables within one year (-€41,419) and Investment in fixed assets (net) (-€37,974)
- Profit (loss) carried forward +€26,925
up €26,925 (+89.4%), from €30,131 to €57,056
- Debts after one year +€7,281
up €7,281 (+15.8%), from €46,106 to €53,387
- Current portion of long-term debt +€5,893
up €5,893 (+39.0%), from €15,101 to €20,994
- Gross operating margin +€23,185
up €23,185 (+55.2%), from €41,965 to €65,150
- Depreciation +€15,941
up €15,941 (+134%), from €11,938 to €27,879
- Taxes +€1,649
up €1,649 (+27.9%), from €5,913 to €7,561
- Other operating charges +€760
up €760 (+60.2%), from €1,262 to €2,023
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,273 | €237,667 | +€43,394 | +22.3% |
| Fixed assets | 21/28 | €60,492 | €70,586 | +€10,095 | +16.7% |
| Tangible fixed assets | 22/27 | €60,492 | €70,586 | +€10,095 | +16.7% |
| Plant, machinery and equipment | 23 | €1,788 | €3,740 | +€1,953 | +109% |
| Furniture and vehicles | 24 | €58,704 | €36,001 | -€22,703 | -38.7% |
| Leasing and similar rights | 25 | - | €30,845 | +€30,845 | |
| Current assets | 29/58 | €133,781 | €167,081 | +€33,300 | +24.9% |
| Amounts receivable within one year | 40/41 | €123,629 | €165,048 | +€41,419 | +33.5% |
| Trade receivables | 40 | €103,942 | €127,701 | +€23,759 | +22.9% |
| Other amounts receivable | 41 | €19,688 | €37,347 | +€17,660 | +89.7% |
| Cash at bank and in hand | 54/58 | €10,152 | €2,033 | -€8,119 | -80.0% |
| Total equity and liabilities | 10/49 | €194,273 | €237,667 | +€43,394 | +22.3% |
| Equity | 10/15 | €33,131 | €60,056 | +€26,925 | +81.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,131 | €57,056 | +€26,925 | +89.4% |
| Amounts payable | 17/49 | €161,142 | €177,611 | +€16,470 | +10.2% |
| Amounts payable after more than one year | 17 | €46,106 | €53,387 | +€7,281 | +15.8% |
| Financial debts | 170/4 | €46,106 | €53,387 | +€7,281 | +15.8% |
| Amounts payable within one year | 42/48 | €115,035 | €124,224 | +€9,189 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €15,101 | €20,994 | +€5,893 | +39.0% |
| Trade debts | 44 | €94,021 | €95,668 | +€1,647 | +1.8% |
| Suppliers | 440/4 | €51,220 | €40,252 | -€10,968 | -21.4% |
| Bills of exchange payable | 441 | €42,801 | €55,416 | +€12,616 | +29.5% |
| Taxes, remuneration and social security | 45 | €5,913 | €7,561 | +€1,649 | +27.9% |
| Taxes | 450/3 | €5,913 | €7,561 | +€1,649 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,938 | €27,879 | +€15,941 | +134% |
| Other operating charges | 640/8 | €1,262 | €2,023 | +€760 | +60.2% |
| Gross operating margin | 9900 | €41,965 | €65,150 | +€23,185 | +55.2% |
| Operating profit (loss) | 9901 | €28,765 | €35,249 | +€6,484 | +22.5% |
| Financial charges | 65/66B | €466 | €763 | +€297 | +63.8% |
| Recurring financial charges | 65 | €466 | €763 | +€297 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €28,299 | €34,486 | +€6,187 | +21.9% |
| Income taxes | 67/77 | €5,913 | €7,561 | +€1,649 | +27.9% |
| Profit (loss) for the period | 9904 | €22,386 | €26,925 | +€4,538 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,386 | €26,925 | +€4,538 | +20.3% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.