App8: 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.
App8
Largest movements
- Receivables within one year +€28,447
up €28,447 (+52.8%), from €53,888 to €82,335
of which Other amounts receivable: +€15,678
- Tangible fixed assets -€13,048
down €13,048 (-8.4%), from €155,517 to €142,469
of which Land and buildings: -€8,604
- Cash +€7,576
up €7,576 (+26.8%), from €28,259 to €35,835
mainly Depreciation (+€29,016) and Net result for the year (+€26,318)
- Reserves +€26,318
up €26,318 (+28.0%), from €93,962 to €120,281
of which Distributable reserves: +€26,318
- Tax, wage and social debts +€18,003
up €18,003 (+67.1%), from €26,845 to €44,848
of which Taxes: +€17,972
- Debts after one year -€13,446
down €13,446 (-19.4%), from €69,149 to €55,703
- Current portion of long-term debt -€9,196
down €9,196 (-40.6%), from €22,642 to €13,446
- Gross operating margin -€5,654
down €5,654 (-7.3%), from €77,160 to €71,506
- Depreciation +€3,725
up €3,725 (+14.7%), from €25,292 to €29,016
- Taxes +€1,848
up €1,848 (+18.9%), from €9,794 to €11,642
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 | €237,913 | €262,179 | +€24,265 | +10.2% |
| Fixed assets | 21/28 | €155,767 | €142,719 | -€13,048 | -8.4% |
| Tangible fixed assets | 22/27 | €155,517 | €142,469 | -€13,048 | -8.4% |
| Land and buildings | 22 | €116,114 | €107,510 | -€8,604 | -7.4% |
| Plant, machinery and equipment | 23 | €24,761 | €23,250 | -€1,511 | -6.1% |
| Furniture and vehicles | 24 | €14,642 | €11,709 | -€2,932 | -20.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €82,147 | €119,460 | +€37,313 | +45.4% |
| Amounts receivable within one year | 40/41 | €53,888 | €82,335 | +€28,447 | +52.8% |
| Trade receivables | 40 | €45,362 | €58,131 | +€12,769 | +28.1% |
| Other amounts receivable | 41 | €8,526 | €24,204 | +€15,678 | +183.9% |
| Cash at bank and in hand | 54/58 | €28,259 | €35,835 | +€7,576 | +26.8% |
| Deferred charges and accrued income | 490/1 | - | €1,289 | +€1,289 | |
| Total equity and liabilities | 10/49 | €237,913 | €262,179 | +€24,265 | +10.2% |
| Equity | 10/15 | €112,562 | €138,881 | +€26,318 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,962 | €120,281 | +€26,318 | +28.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,102 | €118,421 | +€26,318 | +28.6% |
| Amounts payable | 17/49 | €125,351 | €123,298 | -€2,053 | -1.6% |
| Amounts payable after more than one year | 17 | €69,149 | €55,703 | -€13,446 | -19.4% |
| Financial debts | 170/4 | €69,149 | €55,703 | -€13,446 | -19.4% |
| Amounts payable within one year | 42/48 | €56,202 | €67,595 | +€11,393 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €22,642 | €13,446 | -€9,196 | -40.6% |
| Trade debts | 44 | €6,714 | €9,300 | +€2,586 | +38.5% |
| Suppliers | 440/4 | €6,714 | €9,300 | +€2,586 | +38.5% |
| Taxes, remuneration and social security | 45 | €26,845 | €44,848 | +€18,003 | +67.1% |
| Taxes | 450/3 | €23,441 | €41,414 | +€17,972 | +76.7% |
| Remuneration and social security | 454/9 | €3,404 | €3,434 | +€31 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,292 | €29,016 | +€3,725 | +14.7% |
| Other operating charges | 640/8 | €889 | €549 | -€340 | -38.2% |
| Gross operating margin | 9900 | €77,160 | €71,506 | -€5,654 | -7.3% |
| Operating profit (loss) | 9901 | €50,979 | €41,941 | -€9,038 | -17.7% |
| Financial income | 75/76B | €30 | €80 | +€50 | +167.8% |
| Recurring financial income | 75 | €30 | €80 | +€50 | +167.8% |
| Financial charges | 65/66B | €3,847 | €4,060 | +€213 | +5.5% |
| Recurring financial charges | 65 | €3,847 | €4,060 | +€213 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €47,162 | €37,960 | -€9,202 | -19.5% |
| Income taxes | 67/77 | €9,794 | €11,642 | +€1,848 | +18.9% |
| Profit (loss) for the period | 9904 | €37,368 | €26,318 | -€11,050 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,368 | €26,318 | -€11,050 | -29.6% |
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.