ALL AROUND TECHNICS: 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 AROUND TECHNICS
Largest movements
- Cash -€23,680
down €23,680 (-29.4%), from €80,626 to €56,946
mainly Investment in fixed assets (net) (-€28,055) and Trade debts (-€27,617)
- Receivables within one year -€21,882
down €21,882 (-34.5%), from €63,385 to €41,503
of which Trade receivables: -€21,903
- Stocks and contracts +€20,253
up €20,253 (+8.1%), from €250,913 to €271,166
- Tangible fixed assets +€11,157
up €11,157 (+30.6%), from €36,432 to €47,589
of which Furniture and vehicles: +€12,211
- Trade debts -€27,617
down €27,617 (-17.5%), from €158,213 to €130,596
- Profit (loss) carried forward +€19,970
up €19,970 (+81.6%), from -€24,478 to -€4,507
- Reserves -€9,410
no longer reported in 2025 (was €9,410)
- Other debts +€6,904
up €6,904 (+2.9%), from €239,850 to €246,755
- Advances received -€5,119
no longer reported in 2025 (was €5,119)
- Gross operating margin +€41,722
up €41,722, from -€7,954 to €33,768
- Depreciation +€5,827
up €5,827 (+41.7%), from €13,971 to €19,798
- Other operating charges +€810
up €810 (+57.6%), from €1,407 to €2,217
- Financial income +€732
up €732 (+758.2%), from €96 to €828
- Financial charges +€653
up €653 (+80.6%), from €811 to €1,464
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 | €439,472 | €422,423 | -€17,049 | -3.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €44,315 | €52,572 | +€8,257 | +18.6% |
| Intangible fixed assets | 21 | €6,583 | €3,683 | -€2,900 | -44.1% |
| Tangible fixed assets | 22/27 | €36,432 | €47,589 | +€11,157 | +30.6% |
| Land and buildings | 22 | €1,777 | €1,485 | -€292 | -16.4% |
| Plant, machinery and equipment | 23 | €9,430 | €8,668 | -€762 | -8.1% |
| Furniture and vehicles | 24 | €25,225 | €37,436 | +€12,211 | +48.4% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €395,157 | €369,850 | -€25,306 | -6.4% |
| Stocks and contracts in progress | 3 | €250,913 | €271,166 | +€20,253 | +8.1% |
| Stocks | 30/36 | €250,913 | €271,166 | +€20,253 | +8.1% |
| Amounts receivable within one year | 40/41 | €63,385 | €41,503 | -€21,882 | -34.5% |
| Trade receivables | 40 | €63,364 | €41,461 | -€21,903 | -34.6% |
| Other amounts receivable | 41 | €21 | €43 | +€22 | +104.9% |
| Cash at bank and in hand | 54/58 | €80,626 | €56,946 | -€23,680 | -29.4% |
| Deferred charges and accrued income | 490/1 | €232 | €235 | +€3 | +1.2% |
| Total equity and liabilities | 10/49 | €439,472 | €422,423 | -€17,049 | -3.9% |
| Equity | 10/15 | €3,532 | €14,093 | +€10,561 | +299.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,410 | - | -€9,410 | |
| Distributable reserves | 133 | €9,410 | - | -€9,410 | |
| Profit (loss) carried forward | 14 | -€24,478 | -€4,507 | +€19,970 | +81.6% |
| Amounts payable | 17/49 | €435,940 | €408,330 | -€27,610 | -6.3% |
| Amounts payable within one year | 42/48 | €435,940 | €408,330 | -€27,610 | -6.3% |
| Trade debts | 44 | €158,213 | €130,596 | -€27,617 | -17.5% |
| Suppliers | 440/4 | €158,213 | €130,596 | -€27,617 | -17.5% |
| Advances received on contracts in progress | 46 | €5,119 | - | -€5,119 | |
| Taxes, remuneration and social security | 45 | €32,758 | €30,980 | -€1,778 | -5.4% |
| Taxes | 450/3 | €10,416 | €10,312 | -€105 | -1.0% |
| Remuneration and social security | 454/9 | €22,342 | €20,669 | -€1,674 | -7.5% |
| Other amounts payable | 47/48 | €239,850 | €246,755 | +€6,904 | +2.9% |
| Non-recurring operating income | 76A | €119 | - | -€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,971 | €19,798 | +€5,827 | +41.7% |
| Other operating charges | 640/8 | €1,407 | €2,217 | +€810 | +57.6% |
| Non-recurring operating charges | 66A | €432 | €556 | +€124 | +28.8% |
| Gross operating margin | 9900 | -€7,954 | €33,768 | +€41,722 | |
| Operating profit (loss) | 9901 | -€23,764 | €11,197 | +€34,960 | |
| Financial income | 75/76B | €96 | €828 | +€732 | +758.2% |
| Recurring financial income | 75 | €96 | €828 | +€732 | +758.2% |
| Financial charges | 65/66B | €811 | €1,464 | +€653 | +80.6% |
| Recurring financial charges | 65 | €811 | €1,464 | +€653 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,478 | €10,561 | +€35,038 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€24,478 | €10,561 | +€35,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,478 | €10,561 | +€35,038 |
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.