ALL ACCESS: 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 ACCESS
Largest movements
- Cash -€265,419
down €265,419 (-21.4%), from €1.2m to €975,894
mainly Other debts (-€250,000) and Receivables within one year (-€225,636)
- Receivables within one year +€225,636
up €225,636 (+23.6%), from €957,395 to €1.2m
of which Trade receivables: +€165,636
- Tangible fixed assets -€62,009
down €62,009 (-9.2%), from €672,446 to €610,437
of which Furniture and vehicles: -€72,079
- Financial fixed assets +€34,466
up €34,466 (+40.7%), from €84,784 to €119,250
- Other debts -€250,000
down €250,000 (-95.6%), from €261,411 to €11,411
- Profit (loss) carried forward +€176,489
up €176,489 (+20.0%), from €880,479 to €1.1m
- Trade debts +€135,812
up €135,812 (+31.0%), from €438,133 to €573,946
of which Suppliers: +€138,456
- Debts after one year -€108,894
down €108,894 (-34.7%), from €313,865 to €204,971
- Tax, wage and social debts -€61,374
down €61,374 (-14.0%), from €439,851 to €378,477
of which Taxes: -€45,738
- Gross operating margin +€326,203
up €326,203 (+10.7%), from €3.0m to €3.4m
- Staff costs +€227,662
up €227,662 (+9.2%), from €2.5m to €2.7m
- Depreciation +€75,384
up €75,384 (+43.9%), from €171,834 to €247,219
- Taxes +€64,328
up €64,328 (+76.2%), from €84,395 to €148,723
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 | €3,152,222 | €3,081,771 | -€70,451 | -2.2% |
| Fixed assets | 21/28 | €872,239 | €830,697 | -€41,543 | -4.8% |
| Intangible fixed assets | 21 | €115,009 | €101,009 | -€14,000 | -12.2% |
| Tangible fixed assets | 22/27 | €672,446 | €610,437 | -€62,009 | -9.2% |
| Plant, machinery and equipment | 23 | - | €13,407 | +€13,407 | |
| Furniture and vehicles | 24 | €646,903 | €574,825 | -€72,079 | -11.1% |
| Other tangible fixed assets | 26 | €25,543 | €22,206 | -€3,337 | -13.1% |
| Financial fixed assets | 28 | €84,784 | €119,250 | +€34,466 | +40.7% |
| Current assets | 29/58 | €2,279,983 | €2,251,074 | -€28,908 | -1.3% |
| Stocks and contracts in progress | 3 | €81,274 | €78,649 | -€2,625 | -3.2% |
| Stocks | 30/36 | €81,274 | €78,649 | -€2,625 | -3.2% |
| Amounts receivable within one year | 40/41 | €957,395 | €1,183,031 | +€225,636 | +23.6% |
| Trade receivables | 40 | €912,488 | €1,078,124 | +€165,636 | +18.2% |
| Other amounts receivable | 41 | €44,907 | €104,907 | +€60,000 | +133.6% |
| Cash at bank and in hand | 54/58 | €1,241,313 | €975,894 | -€265,419 | -21.4% |
| Deferred charges and accrued income | 490/1 | - | €13,500 | +€13,500 | |
| Total equity and liabilities | 10/49 | €3,152,222 | €3,081,771 | -€70,451 | -2.2% |
| Equity | 10/15 | €948,649 | €1,125,139 | +€176,489 | +18.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €880,479 | €1,056,968 | +€176,489 | +20.0% |
| Provisions and deferred taxes | 16 | - | €26,500 | +€26,500 | |
| Provisions for liabilities and charges | 160/5 | - | €26,500 | +€26,500 | |
| Other liabilities and charges | 164/5 | - | €26,500 | +€26,500 | |
| Amounts payable | 17/49 | €2,203,573 | €1,930,132 | -€273,440 | -12.4% |
| Amounts payable after more than one year | 17 | €313,865 | €204,971 | -€108,894 | -34.7% |
| Financial debts | 170/4 | €313,865 | €204,971 | -€108,894 | -34.7% |
| Amounts payable within one year | 42/48 | €1,387,742 | €1,200,704 | -€187,039 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €229,795 | €236,870 | +€7,074 | +3.1% |
| Financial debts | 43 | €16,917 | - | -€16,917 | |
| Credit institutions | 430/8 | €16,917 | - | -€16,917 | |
| Trade debts | 44 | €438,133 | €573,946 | +€135,812 | +31.0% |
| Suppliers | 440/4 | €435,490 | €573,946 | +€138,456 | +31.8% |
| Bills of exchange payable | 441 | €2,644 | - | -€2,644 | |
| Advances received on contracts in progress | 46 | €1,634 | - | -€1,634 | |
| Taxes, remuneration and social security | 45 | €439,851 | €378,477 | -€61,374 | -14.0% |
| Taxes | 450/3 | €140,708 | €94,970 | -€45,738 | -32.5% |
| Remuneration and social security | 454/9 | €299,143 | €283,507 | -€15,636 | -5.2% |
| Other amounts payable | 47/48 | €261,411 | €11,411 | -€250,000 | -95.6% |
| Accrued charges and deferred income | 492/3 | €501,965 | €524,458 | +€22,492 | +4.5% |
| Non-recurring operating income | 76A | €3,059 | - | -€3,059 | |
| Remuneration, social security and pensions | 62 | €2,486,346 | €2,714,008 | +€227,662 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,834 | €247,219 | +€75,384 | +43.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €26,500 | +€26,500 | |
| Other operating charges | 640/8 | €37,644 | €37,863 | +€219 | +0.6% |
| Non-recurring operating charges | 66A | €21,845 | €5,390 | -€16,454 | -75.3% |
| Gross operating margin | 9900 | €3,046,930 | €3,373,133 | +€326,203 | +10.7% |
| Operating profit (loss) | 9901 | €329,261 | €342,153 | +€12,891 | +3.9% |
| Financial income | 75/76B | €2,844 | €5,858 | +€3,014 | +106.0% |
| Recurring financial income | 75 | €2,844 | €5,858 | +€3,014 | +106.0% |
| Financial charges | 65/66B | €29,112 | €22,798 | -€6,313 | -21.7% |
| Recurring financial charges | 65 | €29,112 | €22,798 | -€6,313 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €302,993 | €325,212 | +€22,219 | +7.3% |
| Income taxes | 67/77 | €84,395 | €148,723 | +€64,328 | +76.2% |
| Profit (loss) for the period | 9904 | €218,599 | €176,489 | -€42,110 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €218,599 | €176,489 | -€42,110 | -19.3% |
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 5 October 2026 via checked.be.