ALL WRAP SOLUTIONS: 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 WRAP SOLUTIONS
Largest movements
- Tangible fixed assets -€11,469
down €11,469 (-24.5%), from €46,829 to €35,359
of which Furniture and vehicles: -€8,749
- Cash -€7,660
down €7,660 (-47.4%), from €16,153 to €8,493
mainly Other debts (-€9,140) and Debts after one year (-€9,033)
- Deferred charges and accrued income -€3,801
down €3,801 (-90.4%), from €4,206 to €405
- Receivables within one year +€1,150
up €1,150 (+4.7%), from €24,237 to €25,388
of which Other amounts receivable: +€2,007
- Other debts -€9,140
down €9,140 (-62.0%), from €14,736 to €5,596
- Debts after one year -€9,033
down €9,033 (-47.0%), from €19,239 to €10,206
- Trade debts -€2,733
down €2,733 (-18.4%), from €14,821 to €12,089
- Tax, wage and social debts -€2,170
down €2,170 (-37.1%), from €5,852 to €3,682
- Gross operating margin +€7,810
up €7,810 (+93.0%), from €8,398 to €16,208
- Depreciation -€1,234
down €1,234 (-8.6%), from €14,281 to €13,047
- Financial charges -€367
down €367 (-22.1%), from €1,656 to €1,289
- Other operating charges +€163
up €163 (+11.4%), from €1,436 to €1,600
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 | €94,236 | €72,379 | -€21,857 | -23.2% |
| Fixed assets | 21/28 | €46,829 | €35,359 | -€11,469 | -24.5% |
| Tangible fixed assets | 22/27 | €46,829 | €35,359 | -€11,469 | -24.5% |
| Plant, machinery and equipment | 23 | €7,957 | €6,372 | -€1,585 | -19.9% |
| Furniture and vehicles | 24 | €30,099 | €21,350 | -€8,749 | -29.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €8,773 | €7,637 | -€1,135 | -12.9% |
| Current assets | 29/58 | €47,408 | €37,019 | -€10,388 | -21.9% |
| Stocks and contracts in progress | 3 | €2,811 | €2,734 | -€78 | -2.8% |
| Stocks | 30/36 | €2,811 | €2,734 | -€78 | -2.8% |
| Amounts receivable within one year | 40/41 | €24,237 | €25,388 | +€1,150 | +4.7% |
| Trade receivables | 40 | €23,876 | €23,020 | -€857 | -3.6% |
| Other amounts receivable | 41 | €361 | €2,368 | +€2,007 | +556.2% |
| Cash at bank and in hand | 54/58 | €16,153 | €8,493 | -€7,660 | -47.4% |
| Deferred charges and accrued income | 490/1 | €4,206 | €405 | -€3,801 | -90.4% |
| Total equity and liabilities | 10/49 | €94,236 | €72,379 | -€21,857 | -23.2% |
| Equity | 10/15 | €30,617 | €30,879 | +€261 | +0.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €23,617 | €23,879 | +€261 | +1.1% |
| Distributable reserves | 133 | €23,617 | €23,879 | +€261 | +1.1% |
| Amounts payable | 17/49 | €63,619 | €41,500 | -€22,119 | -34.8% |
| Amounts payable after more than one year | 17 | €19,239 | €10,206 | -€9,033 | -47.0% |
| Financial debts | 170/4 | €19,239 | €10,206 | -€9,033 | -47.0% |
| Amounts payable within one year | 42/48 | €44,380 | €30,399 | -€13,981 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €8,971 | €9,033 | +€62 | +0.7% |
| Trade debts | 44 | €14,821 | €12,089 | -€2,733 | -18.4% |
| Suppliers | 440/4 | €14,821 | €12,089 | -€2,733 | -18.4% |
| Taxes, remuneration and social security | 45 | €5,852 | €3,682 | -€2,170 | -37.1% |
| Taxes | 450/3 | €5,852 | €3,682 | -€2,170 | -37.1% |
| Other amounts payable | 47/48 | €14,736 | €5,596 | -€9,140 | -62.0% |
| Accrued charges and deferred income | 492/3 | - | €895 | +€895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,281 | €13,047 | -€1,234 | -8.6% |
| Other operating charges | 640/8 | €1,436 | €1,600 | +€163 | +11.4% |
| Gross operating margin | 9900 | €8,398 | €16,208 | +€7,810 | +93.0% |
| Operating profit (loss) | 9901 | -€7,319 | €1,562 | +€8,880 | |
| Financial income | 75/76B | €0 | €121 | +€121 | +605050.0% |
| Recurring financial income | 75 | €0 | €121 | +€121 | +605050.0% |
| Financial charges | 65/66B | €1,656 | €1,289 | -€367 | -22.1% |
| Recurring financial charges | 65 | €1,656 | €1,289 | -€367 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,974 | €393 | +€9,368 | |
| Income taxes | 67/77 | €129 | €132 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€9,104 | €261 | +€9,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,104 | €261 | +€9,365 |
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 3 October 2026 via checked.be.