All You Need: 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 You Need
Largest movements
- Receivables within one year +€114,361
up €114,361 (+58.0%), from €197,230 to €311,591
of which Trade receivables: +€110,182
- Intangible fixed assets -€57,120
down €57,120 (-16.7%), from €342,724 to €285,604
- Cash -€40,790
down €40,790 (-96.6%), from €42,240 to €1,450
mainly Receivables within one year (-€114,361) and Debts after one year (-€88,679)
- Trade debts +€138,229
up €138,229 (+94.3%), from €146,522 to €284,751
- Debts after one year -€88,679
down €88,679 (-17.5%), from €508,116 to €419,437
- Other debts -€43,984
down €43,984 (-92.9%), from €47,320 to €3,336
- Tax, wage and social debts -€17,386
down €17,386 (-19.2%), from €90,549 to €73,163
of which Taxes: -€17,454
- Profit (loss) carried forward +€13,459
up €13,459 (+23.0%), from €58,514 to €71,973
- Staff costs +€16,521
up €16,521 (+16.2%), from €102,126 to €118,647
- Financial charges +€3,234
up €3,234 (+14.6%), from €22,116 to €25,350
- Gross operating margin +€2,468
up €2,468 (+1.1%), from €232,150 to €234,618
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 | €950,906 | €963,679 | +€12,773 | +1.3% |
| Fixed assets | 21/28 | €709,989 | €650,638 | -€59,351 | -8.4% |
| Intangible fixed assets | 21 | €342,724 | €285,604 | -€57,120 | -16.7% |
| Tangible fixed assets | 22/27 | €2,265 | €35 | -€2,231 | -98.5% |
| Furniture and vehicles | 24 | €2,265 | €35 | -€2,231 | -98.5% |
| Financial fixed assets | 28 | €365,000 | €365,000 | = | 0.0% |
| Current assets | 29/58 | €240,918 | €313,041 | +€72,123 | +29.9% |
| Amounts receivable within one year | 40/41 | €197,230 | €311,591 | +€114,361 | +58.0% |
| Trade receivables | 40 | €179,382 | €289,564 | +€110,182 | +61.4% |
| Other amounts receivable | 41 | €17,848 | €22,027 | +€4,179 | +23.4% |
| Cash at bank and in hand | 54/58 | €42,240 | €1,450 | -€40,790 | -96.6% |
| Deferred charges and accrued income | 490/1 | €1,448 | €0 | -€1,448 | -100% |
| Total equity and liabilities | 10/49 | €950,906 | €963,679 | +€12,773 | +1.3% |
| Equity | 10/15 | €59,514 | €72,973 | +€13,459 | +22.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,514 | €71,973 | +€13,459 | +23.0% |
| Amounts payable | 17/49 | €891,393 | €890,706 | -€686 | -0.1% |
| Amounts payable after more than one year | 17 | €508,116 | €419,437 | -€88,679 | -17.5% |
| Financial debts | 170/4 | €508,116 | €419,437 | -€88,679 | -17.5% |
| Amounts payable within one year | 42/48 | €383,277 | €471,269 | +€87,993 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €98,885 | €110,018 | +€11,133 | +11.3% |
| Trade debts | 44 | €146,522 | €284,751 | +€138,229 | +94.3% |
| Suppliers | 440/4 | €146,522 | €284,751 | +€138,229 | +94.3% |
| Taxes, remuneration and social security | 45 | €90,549 | €73,163 | -€17,386 | -19.2% |
| Taxes | 450/3 | €73,498 | €56,045 | -€17,454 | -23.7% |
| Remuneration and social security | 454/9 | €17,051 | €17,119 | +€68 | +0.4% |
| Other amounts payable | 47/48 | €47,320 | €3,336 | -€43,984 | -92.9% |
| Remuneration, social security and pensions | 62 | €102,126 | €118,647 | +€16,521 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,807 | €61,651 | -€156 | -0.3% |
| Other operating charges | 640/8 | €7,786 | €7,037 | -€749 | -9.6% |
| Gross operating margin | 9900 | €232,150 | €234,618 | +€2,468 | +1.1% |
| Operating profit (loss) | 9901 | €60,431 | €47,283 | -€13,148 | -21.8% |
| Financial income | 75/76B | €0 | €877 | +€877 | +208,812% |
| Recurring financial income | 75 | €0 | €877 | +€877 | +208,812% |
| Financial charges | 65/66B | €22,116 | €25,350 | +€3,234 | +14.6% |
| Recurring financial charges | 65 | €22,116 | €25,350 | +€3,234 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €38,316 | €22,811 | -€15,505 | -40.5% |
| Income taxes | 67/77 | €9,413 | €9,352 | -€62 | -0.7% |
| Profit (loss) for the period | 9904 | €28,902 | €13,459 | -€15,443 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,902 | €13,459 | -€15,443 | -53.4% |
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 25 October 2026 via checked.be.