All Plan: what changed
All Plan
Largest movements
- Receivables within one year +€119,717
up €119,717 (+25.5%), from €469,440 to €589,157
of which Other amounts receivable: +€106,962
- Tangible fixed assets -€70,590
down €70,590 (-44.0%), from €160,520 to €89,930
of which Furniture and vehicles: -€62,590
- Cash -€48,101
down €48,101 (-30.4%), from €158,082 to €109,982
mainly Receivables within one year (-€119,717) and Other debts (-€101,795)
- Deferred charges and accrued income +€42,479
up €42,479 (+1,029%), from €4,128 to €46,608
- Reserves +€151,705
up €151,705 (+35.7%), from €425,243 to €576,948
- Other debts -€101,795
down €101,795 (-64.9%), from €156,864 to €55,069
- Current portion of long-term debt -€29,327
down €29,327 (-78.1%), from €37,555 to €8,229
- Tax, wage and social debts +€29,121
up €29,121 (+24.5%), from €118,931 to €148,052
of which Taxes: +€28,119
- Debts after one year -€26,960
no longer reported in 2025 (was €26,960)
- Gross operating margin +€80,645
up €80,645 (+11.3%), from €715,151 to €795,796
- Taxes +€41,022
up €41,022 (+95.1%), from €43,120 to €84,141
- Depreciation -€28,627
down €28,627 (-28.8%), from €99,323 to €70,696
- Staff costs -€13,460
down €13,460 (-2.7%), from €493,811 to €480,350
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €824,062 | €866,799 | +€42,737 | +5.2% |
| Fixed assets | 21/28 | €192,412 | €121,053 | -€71,359 | -37.1% |
| Intangible fixed assets | 21 | €30,392 | €29,623 | -€769 | -2.5% |
| Tangible fixed assets | 22/27 | €160,520 | €89,930 | -€70,590 | -44.0% |
| Plant, machinery and equipment | 23 | €32,664 | €31,656 | -€1,009 | -3.1% |
| Furniture and vehicles | 24 | €95,477 | €32,887 | -€62,590 | -65.6% |
| Leasing and similar rights | 25 | €25,598 | €16,402 | -€9,196 | -35.9% |
| Other tangible fixed assets | 26 | €6,781 | €8,986 | +€2,205 | +32.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €631,650 | €745,746 | +€114,096 | +18.1% |
| Amounts receivable within one year | 40/41 | €469,440 | €589,157 | +€119,717 | +25.5% |
| Trade receivables | 40 | €186,496 | €199,251 | +€12,756 | +6.8% |
| Other amounts receivable | 41 | €282,944 | €389,906 | +€106,962 | +37.8% |
| Cash at bank and in hand | 54/58 | €158,082 | €109,982 | -€48,101 | -30.4% |
| Deferred charges and accrued income | 490/1 | €4,128 | €46,608 | +€42,479 | +1,029% |
| Total equity and liabilities | 10/49 | €824,062 | €866,799 | +€42,737 | +5.2% |
| Equity | 10/15 | €443,793 | €595,498 | +€151,705 | +34.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €425,243 | €576,948 | +€151,705 | +35.7% |
| Distributable reserves | 133 | €425,243 | €576,948 | +€151,705 | +35.7% |
| Amounts payable | 17/49 | €380,269 | €271,302 | -€108,967 | -28.7% |
| Amounts payable after more than one year | 17 | €26,960 | - | -€26,960 | |
| Financial debts | 170/4 | €26,960 | - | -€26,960 | |
| Amounts payable within one year | 42/48 | €353,309 | €271,302 | -€82,007 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €37,555 | €8,229 | -€29,327 | -78.1% |
| Trade debts | 44 | €39,959 | €59,952 | +€19,993 | +50.0% |
| Suppliers | 440/4 | €39,959 | €59,952 | +€19,993 | +50.0% |
| Taxes, remuneration and social security | 45 | €118,931 | €148,052 | +€29,121 | +24.5% |
| Taxes | 450/3 | €61,356 | €89,475 | +€28,119 | +45.8% |
| Remuneration and social security | 454/9 | €57,574 | €58,577 | +€1,002 | +1.7% |
| Other amounts payable | 47/48 | €156,864 | €55,069 | -€101,795 | -64.9% |
| Remuneration, social security and pensions | 62 | €493,811 | €480,350 | -€13,460 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,323 | €70,696 | -€28,627 | -28.8% |
| Other operating charges | 640/8 | €2,664 | €4,531 | +€1,867 | +70.1% |
| Gross operating margin | 9900 | €715,151 | €795,796 | +€80,645 | +11.3% |
| Operating profit (loss) | 9901 | €119,354 | €240,219 | +€120,865 | +101% |
| Financial income | 75/76B | €306 | €33 | -€273 | -89.3% |
| Recurring financial income | 75 | €306 | €33 | -€273 | -89.3% |
| Financial charges | 65/66B | €7,462 | €4,405 | -€3,058 | -41.0% |
| Recurring financial charges | 65 | €7,462 | €4,405 | -€3,058 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €112,197 | €235,846 | +€123,649 | +110% |
| Income taxes | 67/77 | €43,120 | €84,141 | +€41,022 | +95.1% |
| Profit (loss) for the period | 9904 | €69,077 | €151,705 | +€82,628 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €69,077 | €151,705 | +€82,628 | +120% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.