addon: what changed
Two fiscal 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.
addon
Largest movements
- Receivables within one year +€302,307
up €302,307 (+33.8%), from €894,244 to €1.2m
of which Trade receivables: +€400,635
- Trade debts +€198,858
up €198,858 (+38.0%), from €522,668 to €721,525
- Reserves +€82,800
up €82,800 (+31.4%), from €263,550 to €346,350
of which Distributable reserves: +€82,800
- Other debts +€26,700
up €26,700 (+534.0%), from €5,000 to €31,700
- Tax, wage and social debts -€14,682
down €14,682 (-23.0%), from €63,912 to €49,231
- Turnover -€238,547
down €238,547 (-3.8%), from €6.4m to €6.1m
- Purchases and services -€220,546
down €220,546 (-3.6%), from €6.2m to €6.0m
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 | €917,219 | €1,210,853 | +€293,634 | +32.0% |
| Fixed assets | 21/28 | €5,507 | €3,324 | -€2,183 | -39.6% |
| Tangible fixed assets | 22/27 | €5,507 | €3,324 | -€2,183 | -39.6% |
| Plant, machinery and equipment | 23 | €5,507 | €3,324 | -€2,183 | -39.6% |
| Current assets | 29/58 | €911,712 | €1,207,528 | +€295,816 | +32.4% |
| Amounts receivable within one year | 40/41 | €894,244 | €1,196,551 | +€302,307 | +33.8% |
| Trade receivables | 40 | €500,278 | €900,913 | +€400,635 | +80.1% |
| Other amounts receivable | 41 | €393,967 | €295,638 | -€98,328 | -25.0% |
| Cash at bank and in hand | 54/58 | €5,100 | €5,100 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €12,368 | €5,878 | -€6,491 | -52.5% |
| Total equity and liabilities | 10/49 | €917,219 | €1,210,853 | +€293,634 | +32.0% |
| Equity | 10/15 | €325,639 | €408,396 | +€82,758 | +25.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €263,550 | €346,350 | +€82,800 | +31.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €236,300 | €319,100 | +€82,800 | +35.0% |
| Profit (loss) carried forward | 14 | €89 | €46 | -€42 | -47.7% |
| Amounts payable | 17/49 | €591,580 | €802,456 | +€210,876 | +35.6% |
| Amounts payable within one year | 42/48 | €591,580 | €802,456 | +€210,876 | +35.6% |
| Trade debts | 44 | €522,668 | €721,525 | +€198,858 | +38.0% |
| Suppliers | 440/4 | €522,668 | €721,525 | +€198,858 | +38.0% |
| Taxes, remuneration and social security | 45 | €63,912 | €49,231 | -€14,682 | -23.0% |
| Taxes | 450/3 | €63,912 | €49,231 | -€14,682 | -23.0% |
| Other amounts payable | 47/48 | €5,000 | €31,700 | +€26,700 | +534.0% |
| Turnover | 70 | €6,353,111 | €6,114,565 | -€238,547 | -3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,183,532 | €5,962,986 | -€220,546 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,525 | €2,183 | +€658 | +43.1% |
| Other operating charges | 640/8 | €509 | €1,927 | +€1,418 | +278.7% |
| Gross operating margin | 9900 | €169,579 | €151,579 | -€18,001 | -10.6% |
| Operating profit (loss) | 9901 | €167,546 | €147,469 | -€20,077 | -12.0% |
| Financial charges | 65/66B | €11,556 | €2,804 | -€8,752 | -75.7% |
| Recurring financial charges | 65 | €11,556 | €2,804 | -€8,752 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €155,990 | €144,665 | -€11,325 | -7.3% |
| Income taxes | 67/77 | €39,094 | €30,207 | -€8,887 | -22.7% |
| Profit (loss) for the period | 9904 | €116,896 | €114,458 | -€2,438 | -2.1% |
| Transfer to tax-exempt reserves | 689 | €21,050 | - | -€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,846 | €114,458 | +€18,612 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.