ALL 4 FIELD: 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.
ALL 4 FIELD
Largest movements
- Receivables within one year +€63,748
up €63,748 (+174.3%), from €36,569 to €100,317
of which Trade receivables: +€58,975
- Cash +€27,312
up €27,312 (+112.9%), from €24,191 to €51,502
mainly Net result for the year (+€48,913) and Other debts (+€38,300)
- Stocks and contracts -€15,126
down €15,126 (-50.8%), from €29,794 to €14,668
- Deferred charges and accrued income +€4,380
up €4,380 (+225.0%), from €1,947 to €6,327
- Tangible fixed assets +€3,551
up €3,551 (+84.1%), from €4,222 to €7,773
of which Furniture and vehicles: +€4,958
- Other debts +€38,300
up €38,300 (+159.2%), from €24,065 to €62,364
- Tax, wage and social debts +€22,364
up €22,364 (+113.9%), from €19,627 to €41,990
of which Remuneration and social security: +€18,144
- Trade debts +€14,288
up €14,288 (+151.5%), from €9,432 to €23,720
- Profit (loss) carried forward +€8,913
up €8,913 (+31.6%), from €28,223 to €37,136
- Gross operating margin +€54,691
up €54,691 (+103.2%), from €52,980 to €107,671
- Staff costs +€13,693
up €13,693 (+37.0%), from €36,973 to €50,666
- Taxes -€13,500
down €13,500, from €6,000 to -€7,500
- Write-downs +€7,306
new in 2025: €7,306
- Other operating charges +€2,709
up €2,709 (+175.9%), from €1,540 to €4,249
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 | €101,218 | €185,082 | +€83,864 | +82.9% |
| Fixed assets | 21/28 | €8,717 | €12,268 | +€3,551 | +40.7% |
| Tangible fixed assets | 22/27 | €4,222 | €7,773 | +€3,551 | +84.1% |
| Furniture and vehicles | 24 | - | €4,958 | +€4,958 | |
| Other tangible fixed assets | 26 | €4,222 | €2,815 | -€1,407 | -33.3% |
| Financial fixed assets | 28 | €4,495 | €4,495 | = | 0.0% |
| Current assets | 29/58 | €92,501 | €172,814 | +€80,313 | +86.8% |
| Stocks and contracts in progress | 3 | €29,794 | €14,668 | -€15,126 | -50.8% |
| Stocks | 30/36 | €29,794 | €14,668 | -€15,126 | -50.8% |
| Amounts receivable within one year | 40/41 | €36,569 | €100,317 | +€63,748 | +174.3% |
| Trade receivables | 40 | €35,116 | €94,091 | +€58,975 | +167.9% |
| Other amounts receivable | 41 | €1,454 | €6,226 | +€4,772 | +328.3% |
| Cash at bank and in hand | 54/58 | €24,191 | €51,502 | +€27,312 | +112.9% |
| Deferred charges and accrued income | 490/1 | €1,947 | €6,327 | +€4,380 | +225.0% |
| Total equity and liabilities | 10/49 | €101,218 | €185,082 | +€83,864 | +82.9% |
| Equity | 10/15 | €48,095 | €57,008 | +€8,913 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,271 | €1,271 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,271 | €1,271 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,271 | €1,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,223 | €37,136 | +€8,913 | +31.6% |
| Amounts payable | 17/49 | €53,123 | €128,075 | +€74,951 | +141.1% |
| Amounts payable within one year | 42/48 | €53,123 | €128,075 | +€74,951 | +141.1% |
| Trade debts | 44 | €9,432 | €23,720 | +€14,288 | +151.5% |
| Suppliers | 440/4 | €9,432 | €23,720 | +€14,288 | +151.5% |
| Taxes, remuneration and social security | 45 | €19,627 | €41,990 | +€22,364 | +113.9% |
| Taxes | 450/3 | €317 | €4,537 | +€4,220 | +1331.5% |
| Remuneration and social security | 454/9 | €19,310 | €37,454 | +€18,144 | +94.0% |
| Other amounts payable | 47/48 | €24,065 | €62,364 | +€38,300 | +159.2% |
| Remuneration, social security and pensions | 62 | €36,973 | €50,666 | +€13,693 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,407 | €3,887 | +€2,479 | +176.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,306 | +€7,306 | |
| Other operating charges | 640/8 | €1,540 | €4,249 | +€2,709 | +175.9% |
| Gross operating margin | 9900 | €52,980 | €107,671 | +€54,691 | +103.2% |
| Operating profit (loss) | 9901 | €13,060 | €41,563 | +€28,503 | +218.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €142 | €150 | +€8 | +5.4% |
| Recurring financial charges | 65 | €142 | €150 | +€8 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €12,918 | €41,413 | +€28,495 | +220.6% |
| Income taxes | 67/77 | €6,000 | -€7,500 | -€13,500 | |
| Profit (loss) for the period | 9904 | €6,918 | €48,913 | +€41,995 | +607.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,918 | €48,913 | +€41,995 | +607.1% |
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 8 October 2026 via checked.be.