ALL FIELDS: 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 FIELDS
Largest movements
- Receivables within one year -€966,412
down €966,412 (-33.8%), from €2.9m to €1.9m
of which Other amounts receivable: -€895,468
- Intangible fixed assets +€326,430
up €326,430 (+177.2%), from €184,197 to €510,628
- Cash -€89,051
down €89,051 (-28.9%), from €308,468 to €219,418
mainly Other debts (-€1.3m) and Investment in fixed assets (net) (-€613,253)
- Tangible fixed assets +€75,440
up €75,440 (+13.6%), from €556,052 to €631,492
of which Furniture and vehicles: +€64,675
- Deferred charges and accrued income +€57,591
up €57,591 (+99.2%), from €58,073 to €115,664
- Other debts -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Trade debts +€582,252
up €582,252 (+58.6%), from €993,867 to €1.6m
- Tax, wage and social debts +€140,766
up €140,766 (+74.9%), from €187,852 to €328,618
of which Remuneration and social security: +€77,712
- Short-term financial debts -€133,807
down €133,807 (-49.2%), from €271,821 to €138,014
of which Credit institutions: -€184,953
- Debts after one year +€126,606
up €126,606 (+36.9%), from €342,800 to €469,406
- Gross operating margin -€680,211
down €680,211 (-22.5%), from €3.0m to €2.3m
- Staff costs +€638,457
up €638,457 (+45.6%), from €1.4m to €2.0m
- Taxes -€81,669
down €81,669 (-71.1%), from €114,817 to €33,147
- Depreciation +€52,603
up €52,603 (+33.1%), from €158,780 to €211,383
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 | €4,070,272 | €3,496,193 | -€574,078 | -14.1% |
| Fixed assets | 21/28 | €740,249 | €1,142,120 | +€401,870 | +54.3% |
| Intangible fixed assets | 21 | €184,197 | €510,628 | +€326,430 | +177.2% |
| Tangible fixed assets | 22/27 | €556,052 | €631,492 | +€75,440 | +13.6% |
| Plant, machinery and equipment | 23 | €39,913 | €54,149 | +€14,236 | +35.7% |
| Furniture and vehicles | 24 | €110,859 | €175,534 | +€64,675 | +58.3% |
| Leasing and similar rights | 25 | €47,103 | €51,900 | +€4,797 | +10.2% |
| Other tangible fixed assets | 26 | €358,178 | €349,910 | -€8,269 | -2.3% |
| Current assets | 29/58 | €3,330,022 | €2,354,074 | -€975,948 | -29.3% |
| Stocks and contracts in progress | 3 | €101,990 | €123,913 | +€21,923 | +21.5% |
| Stocks | 30/36 | €101,990 | €123,913 | +€21,923 | +21.5% |
| Amounts receivable within one year | 40/41 | €2,861,491 | €1,895,079 | -€966,412 | -33.8% |
| Trade receivables | 40 | €1,787,125 | €1,716,181 | -€70,944 | -4.0% |
| Other amounts receivable | 41 | €1,074,366 | €178,898 | -€895,468 | -83.3% |
| Cash at bank and in hand | 54/58 | €308,468 | €219,418 | -€89,051 | -28.9% |
| Deferred charges and accrued income | 490/1 | €58,073 | €115,664 | +€57,591 | +99.2% |
| Total equity and liabilities | 10/49 | €4,070,272 | €3,496,193 | -€574,078 | -14.1% |
| Equity | 10/15 | €760,859 | €764,216 | +€3,357 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €735,859 | €739,216 | +€3,357 | +0.5% |
| Distributable reserves | 133 | €735,859 | €739,216 | +€3,357 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,309,413 | €2,731,978 | -€577,435 | -17.4% |
| Amounts payable after more than one year | 17 | €342,800 | €469,406 | +€126,606 | +36.9% |
| Financial debts | 170/4 | €342,800 | €469,406 | +€126,606 | +36.9% |
| Amounts payable within one year | 42/48 | €2,912,741 | €2,211,998 | -€700,743 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €132,099 | €169,248 | +€37,149 | +28.1% |
| Financial debts | 43 | €271,821 | €138,014 | -€133,807 | -49.2% |
| Credit institutions | 430/8 | €271,821 | €86,868 | -€184,953 | -68.0% |
| Other loans | 439 | - | €51,146 | +€51,146 | |
| Trade debts | 44 | €993,867 | €1,576,118 | +€582,252 | +58.6% |
| Suppliers | 440/4 | €993,867 | €1,576,118 | +€582,252 | +58.6% |
| Taxes, remuneration and social security | 45 | €187,852 | €328,618 | +€140,766 | +74.9% |
| Taxes | 450/3 | €13,544 | €76,598 | +€63,054 | +465.6% |
| Remuneration and social security | 454/9 | €174,309 | €252,020 | +€77,712 | +44.6% |
| Other amounts payable | 47/48 | €1,327,102 | €0 | -€1.3m | -100.0% |
| Accrued charges and deferred income | 492/3 | €53,872 | €50,574 | -€3,298 | -6.1% |
| Non-recurring operating income | 76A | €0 | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €1,398,903 | €2,037,360 | +€638,457 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,780 | €211,383 | +€52,603 | +33.1% |
| Other operating charges | 640/8 | €29,641 | €32,625 | +€2,984 | +10.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,025,750 | €2,345,540 | -€680,211 | -22.5% |
| Operating profit (loss) | 9901 | €1,438,427 | €64,172 | -€1.4m | -95.5% |
| Financial income | 75/76B | €51,414 | €44,381 | -€7,033 | -13.7% |
| Recurring financial income | 75 | €51,414 | €44,381 | -€7,033 | -13.7% |
| Financial charges | 65/66B | €47,921 | €72,048 | +€24,127 | +50.3% |
| Recurring financial charges | 65 | €47,921 | €72,048 | +€24,127 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €1,441,919 | €36,504 | -€1.4m | -97.5% |
| Income taxes | 67/77 | €114,817 | €33,147 | -€81,669 | -71.1% |
| Profit (loss) for the period | 9904 | €1,327,102 | €3,357 | -€1.3m | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,327,102 | €3,357 | -€1.3m | -99.7% |
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 30 September 2026 via checked.be.