ALL FAST: 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.
ALL FAST
Largest movements
- Receivables within one year +€30,441
up €30,441 (+18.4%), from €165,276 to €195,718
- Tangible fixed assets -€24,730
down €24,730 (-7.1%), from €350,303 to €325,572
of which Leasing and similar rights: -€43,836
- Cash -€9,378
down €9,378 (-76.9%), from €12,189 to €2,811
mainly Investment in fixed assets (net) (-€85,126) and Trade debts (-€66,372)
- Trade debts -€66,372
down €66,372 (-58.5%), from €113,543 to €47,171
- Debts after one year +€30,295
up €30,295 (+21.2%), from €142,806 to €173,101
- Current portion of long-term debt +€16,465
up €16,465 (+17.3%), from €95,362 to €111,827
- Short-term financial debts +€12,664
up €12,664 (+32.5%), from €39,000 to €51,664
- Profit (loss) carried forward +€10,201
up €10,201 (+9.8%), from €104,530 to €114,731
- Other operating charges +€48,414
up €48,414 (+92.8%), from €52,188 to €100,601
- Depreciation +€18,600
up €18,600 (+20.4%), from €91,257 to €109,856
- Taxes -€10,961
down €10,961 (-65.9%), from €16,640 to €5,679
- Staff costs -€10,372
down €10,372 (-3.0%), from €341,539 to €331,167
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 | €580,642 | €576,975 | -€3,667 | -0.6% |
| Formation expenses | 20 | €6 | €6 | = | 0.0% |
| Fixed assets | 21/28 | €403,012 | €378,281 | -€24,730 | -6.1% |
| Tangible fixed assets | 22/27 | €350,303 | €325,572 | -€24,730 | -7.1% |
| Furniture and vehicles | 24 | €219,923 | €239,029 | +€19,106 | +8.7% |
| Leasing and similar rights | 25 | €130,380 | €86,544 | -€43,836 | -33.6% |
| Financial fixed assets | 28 | €52,709 | €52,709 | = | 0.0% |
| Current assets | 29/58 | €177,624 | €198,687 | +€21,063 | +11.9% |
| Stocks and contracts in progress | 3 | €158 | €158 | = | 0.0% |
| Stocks | 30/36 | €158 | €158 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,276 | €195,718 | +€30,441 | +18.4% |
| Trade receivables | 40 | €165,276 | €195,718 | +€30,441 | +18.4% |
| Cash at bank and in hand | 54/58 | €12,189 | €2,811 | -€9,378 | -76.9% |
| Total equity and liabilities | 10/49 | €580,642 | €576,975 | -€3,667 | -0.6% |
| Equity | 10/15 | €109,530 | €119,731 | +€10,201 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,530 | €114,731 | +€10,201 | +9.8% |
| Amounts payable | 17/49 | €471,111 | €457,243 | -€13,868 | -2.9% |
| Amounts payable after more than one year | 17 | €142,806 | €173,101 | +€30,295 | +21.2% |
| Financial debts | 170/4 | €142,806 | €173,101 | +€30,295 | +21.2% |
| Amounts payable within one year | 42/48 | €328,305 | €284,142 | -€44,163 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €95,362 | €111,827 | +€16,465 | +17.3% |
| Financial debts | 43 | €39,000 | €51,664 | +€12,664 | +32.5% |
| Credit institutions | 430/8 | €39,000 | €51,664 | +€12,664 | +32.5% |
| Trade debts | 44 | €113,543 | €47,171 | -€66,372 | -58.5% |
| Suppliers | 440/4 | €113,543 | €47,171 | -€66,372 | -58.5% |
| Taxes, remuneration and social security | 45 | €66,288 | €61,530 | -€4,758 | -7.2% |
| Taxes | 450/3 | €32,761 | €33,049 | +€288 | +0.9% |
| Remuneration and social security | 454/9 | €33,526 | €28,481 | -€5,046 | -15.0% |
| Other amounts payable | 47/48 | €14,113 | €11,951 | -€2,162 | -15.3% |
| Non-recurring operating income | 76A | €19,898 | - | -€19,898 | |
| Remuneration, social security and pensions | 62 | €341,539 | €331,167 | -€10,372 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,257 | €109,856 | +€18,600 | +20.4% |
| Other operating charges | 640/8 | €52,188 | €100,601 | +€48,414 | +92.8% |
| Gross operating margin | 9900 | €569,950 | €575,473 | +€5,523 | +1.0% |
| Operating profit (loss) | 9901 | €84,966 | €33,848 | -€51,118 | -60.2% |
| Financial income | 75/76B | €1 | €6 | +€5 | +974% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +974% |
| Financial charges | 65/66B | €18,156 | €17,973 | -€182 | -1.0% |
| Recurring financial charges | 65 | €18,156 | €17,973 | -€182 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €66,810 | €15,880 | -€50,931 | -76.2% |
| Income taxes | 67/77 | €16,640 | €5,679 | -€10,961 | -65.9% |
| Profit (loss) for the period | 9904 | €50,171 | €10,201 | -€39,969 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,171 | €10,201 | -€39,969 | -79.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.