ALL - PAS: 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 - PAS
Largest movements
- Cash +€123,200
up €123,200 (+705%), from €17,477 to €140,677
mainly Net result for the year (+€86,567) and Receivables within one year (+€53,913)
- Receivables within one year -€53,913
down €53,913 (-69.3%), from €77,804 to €23,891
- Tangible fixed assets -€25,196
down €25,196 (-71.2%), from €35,375 to €10,179
of which Plant, machinery and equipment: -€20,992
- Profit (loss) carried forward +€86,567
up €86,567 (+45.0%), from -€192,241 to -€105,673
- Other debts -€26,512
down €26,512 (-59.7%), from €44,395 to €17,883
- Tax, wage and social debts -€10,666
down €10,666 (-67.2%), from €15,865 to €5,199
of which Taxes: -€9,666
- Trade debts -€3,453
down €3,453 (-55.0%), from €6,283 to €2,830
- Current portion of long-term debt -€3,046
down €3,046 (-86.0%), from €3,542 to €495
- Gross operating margin +€51,713
up €51,713 (+122%), from €42,529 to €94,242
- Depreciation -€10,982
down €10,982 (-61.7%), from €17,793 to €6,811
- Write-downs -€3,521
no longer reported in 2025 (was €3,521)
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 | €150,542 | €192,936 | +€42,394 | +28.2% |
| Fixed assets | 21/28 | €37,823 | €11,838 | -€25,986 | -68.7% |
| Intangible fixed assets | 21 | €2,448 | €1,658 | -€790 | -32.3% |
| Tangible fixed assets | 22/27 | €35,375 | €10,179 | -€25,196 | -71.2% |
| Plant, machinery and equipment | 23 | €26,305 | €5,313 | -€20,992 | -79.8% |
| Furniture and vehicles | 24 | €496 | €284 | -€212 | -42.7% |
| Leasing and similar rights | 25 | €8,575 | €4,583 | -€3,992 | -46.6% |
| Current assets | 29/58 | €112,719 | €181,099 | +€68,380 | +60.7% |
| Stocks and contracts in progress | 3 | €16,941 | €16,482 | -€459 | -2.7% |
| Stocks | 30/36 | €16,941 | €16,482 | -€459 | -2.7% |
| Amounts receivable within one year | 40/41 | €77,804 | €23,891 | -€53,913 | -69.3% |
| Trade receivables | 40 | €77,804 | €23,891 | -€53,913 | -69.3% |
| Cash at bank and in hand | 54/58 | €17,477 | €140,677 | +€123,200 | +705% |
| Deferred charges and accrued income | 490/1 | €498 | €49 | -€448 | -90.1% |
| Total equity and liabilities | 10/49 | €150,542 | €192,936 | +€42,394 | +28.2% |
| Equity | 10/15 | -€70,038 | €16,530 | +€86,567 | |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €3,611 | €3,611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,751 | €1,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,241 | -€105,673 | +€86,567 | +45.0% |
| Amounts payable | 17/49 | €220,580 | €176,407 | -€44,173 | -20.0% |
| Amounts payable after more than one year | 17 | €150,495 | €150,000 | -€495 | -0.3% |
| Financial debts | 170/4 | €150,495 | €150,000 | -€495 | -0.3% |
| Amounts payable within one year | 42/48 | €70,085 | €26,407 | -€43,678 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €3,542 | €495 | -€3,046 | -86.0% |
| Trade debts | 44 | €6,283 | €2,830 | -€3,453 | -55.0% |
| Suppliers | 440/4 | €6,283 | €2,830 | -€3,453 | -55.0% |
| Taxes, remuneration and social security | 45 | €15,865 | €5,199 | -€10,666 | -67.2% |
| Taxes | 450/3 | €14,865 | €5,199 | -€9,666 | -65.0% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €44,395 | €17,883 | -€26,512 | -59.7% |
| Non-recurring operating income | 76A | €35,173 | €39,382 | +€4,209 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,793 | €6,811 | -€10,982 | -61.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,521 | - | -€3,521 | |
| Other operating charges | 640/8 | €141 | €384 | +€244 | +173% |
| Gross operating margin | 9900 | €42,529 | €94,242 | +€51,713 | +122% |
| Operating profit (loss) | 9901 | €21,074 | €87,046 | +€65,972 | +313% |
| Financial income | 75/76B | €8 | €41 | +€33 | +420% |
| Recurring financial income | 75 | €8 | €41 | +€33 | +420% |
| Financial charges | 65/66B | €909 | €520 | -€389 | -42.8% |
| Recurring financial charges | 65 | €909 | €520 | -€389 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €20,173 | €86,567 | +€66,395 | +329% |
| Profit (loss) for the period | 9904 | €20,173 | €86,567 | +€66,395 | +329% |
| Profit (loss) for the period to be appropriated | 9905 | €20,173 | €86,567 | +€66,395 | +329% |
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 14 October 2026 via checked.be.