All In Box: 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 In Box
Largest movements
- Receivables within one year +€476,481
up €476,481 (+5,298%), from €8,994 to €485,476
of which Trade receivables: +€464,114
- Cash -€35,725
down €35,725 (-45.0%), from €79,304 to €43,579
mainly Receivables within one year (-€476,481) and Debts after one year (-€16,303)
- Tangible fixed assets -€35,202
down €35,202 (-9.3%), from €377,797 to €342,595
of which Land and buildings: -€34,869
- Current portion of long-term debt +€270,223
up €270,223 (+85.5%), from €316,080 to €586,303
- Reserves +€111,400
new in 2025: €111,400
- Trade debts +€33,852
up €33,852 (+129%), from €26,141 to €59,992
- Debts after one year -€16,303
down €16,303 (-15.0%), from €108,466 to €92,163
- Profit (loss) carried forward +€15,046
up €15,046, from -€15,046 to €0
- Gross operating margin +€166,012
up €166,012 (+312%), from €53,285 to €219,297
- Taxes +€51,193
up €51,193, from €0 to €51,193
- Financial income +€12,616
up €12,616 (+31,119%), from €41 to €12,656
- Staff costs +€8,535
up €8,535 (+55.5%), from €15,374 to €23,909
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 | €467,954 | €873,630 | +€405,675 | +86.7% |
| Fixed assets | 21/28 | €378,160 | €342,958 | -€35,202 | -9.3% |
| Tangible fixed assets | 22/27 | €377,797 | €342,595 | -€35,202 | -9.3% |
| Land and buildings | 22 | €377,298 | €342,429 | -€34,869 | -9.2% |
| Plant, machinery and equipment | 23 | €499 | €166 | -€333 | -66.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €89,795 | €530,672 | +€440,877 | +491% |
| Amounts receivable within one year | 40/41 | €8,994 | €485,476 | +€476,481 | +5,298% |
| Trade receivables | 40 | €5,466 | €469,580 | +€464,114 | +8,491% |
| Other amounts receivable | 41 | €3,528 | €15,896 | +€12,368 | +351% |
| Cash at bank and in hand | 54/58 | €79,304 | €43,579 | -€35,725 | -45.0% |
| Deferred charges and accrued income | 490/1 | €1,496 | €1,617 | +€121 | +8.1% |
| Total equity and liabilities | 10/49 | €467,954 | €873,630 | +€405,675 | +86.7% |
| Equity | 10/15 | €3,554 | €130,000 | +€126,446 | +3,558% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €111,400 | +€111,400 | |
| Distributable reserves | 133 | - | €111,400 | +€111,400 | |
| Profit (loss) carried forward | 14 | -€15,046 | €0 | +€15,046 | |
| Amounts payable | 17/49 | €464,400 | €743,629 | +€279,229 | +60.1% |
| Amounts payable after more than one year | 17 | €108,466 | €92,163 | -€16,303 | -15.0% |
| Financial debts | 170/4 | €108,466 | €92,163 | -€16,303 | -15.0% |
| Amounts payable within one year | 42/48 | €355,935 | €651,466 | +€295,532 | +83.0% |
| Current portion of amounts payable after more than one year | 42 | €316,080 | €586,303 | +€270,223 | +85.5% |
| Trade debts | 44 | €26,141 | €59,992 | +€33,852 | +129% |
| Suppliers | 440/4 | €26,141 | €59,992 | +€33,852 | +129% |
| Taxes, remuneration and social security | 45 | €10,257 | €1,592 | -€8,665 | -84.5% |
| Taxes | 450/3 | €8,825 | €0 | -€8,825 | -100% |
| Remuneration and social security | 454/9 | €1,432 | €1,592 | +€160 | +11.2% |
| Other amounts payable | 47/48 | €3,458 | €3,580 | +€122 | +3.5% |
| Non-recurring operating income | 76A | - | €8,865 | +€8,865 | |
| Remuneration, social security and pensions | 62 | €15,374 | €23,909 | +€8,535 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,198 | €21,122 | -€76 | -0.4% |
| Other operating charges | 640/8 | €7,473 | €7,272 | -€201 | -2.7% |
| Gross operating margin | 9900 | €53,285 | €219,297 | +€166,012 | +312% |
| Operating profit (loss) | 9901 | €9,241 | €166,994 | +€157,753 | +1,707% |
| Financial income | 75/76B | €41 | €12,656 | +€12,616 | +31,119% |
| Recurring financial income | 75 | €41 | €12,656 | +€12,616 | +31,119% |
| Financial charges | 65/66B | €4,035 | €2,010 | -€2,024 | -50.2% |
| Recurring financial charges | 65 | €4,035 | €2,010 | -€2,024 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €5,247 | €177,639 | +€172,393 | +3,286% |
| Income taxes | 67/77 | €0 | €51,193 | +€51,193 | |
| Profit (loss) for the period | 9904 | €5,247 | €126,446 | +€121,199 | +2,310% |
| Profit (loss) for the period to be appropriated | 9905 | €5,247 | €126,446 | +€121,199 | +2,310% |
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 18 October 2026 via checked.be.