APPLICATION TEAM: 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.
APPLICATION TEAM
Largest movements
- Receivables within one year -€25,691
down €25,691 (-38.4%), from €66,950 to €41,259
of which Trade receivables: -€25,933
- Cash +€15,047
up €15,047 (+221.6%), from €6,789 to €21,836
mainly Receivables within one year (+€25,691) and Depreciation (+€13,916)
- Tangible fixed assets -€10,612
down €10,612 (-24.1%), from €43,978 to €33,366
of which Land and buildings: -€9,796
- Deferred charges and accrued income +€2,404
up €2,404 (+124.9%), from €1,926 to €4,330
- Tax, wage and social debts -€19,168
down €19,168 (-48.4%), from €39,623 to €20,454
of which Remuneration and social security: -€16,977
- Trade debts -€11,483
down €11,483 (-46.6%), from €24,665 to €13,181
- Other debts +€9,600
up €9,600 (+110.8%), from €8,667 to €18,268
- Profit (loss) carried forward +€4,073
up €4,073 (+8.1%), from €50,097 to €54,170
- Current portion of long-term debt -€1,951
no longer reported in 2025 (was €1,951)
- Staff costs -€46,129
down €46,129 (-25.9%), from €177,987 to €131,859
- Gross operating margin -€38,895
down €38,895 (-20.1%), from €193,574 to €154,679
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 | €145,454 | €127,018 | -€18,436 | -12.7% |
| Fixed assets | 21/28 | €44,040 | €33,428 | -€10,612 | -24.1% |
| Tangible fixed assets | 22/27 | €43,978 | €33,366 | -€10,612 | -24.1% |
| Land and buildings | 22 | €39,226 | €29,430 | -€9,796 | -25.0% |
| Furniture and vehicles | 24 | €4,261 | €3,677 | -€584 | -13.7% |
| Other tangible fixed assets | 26 | €491 | €258 | -€232 | -47.3% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €101,414 | €93,590 | -€7,824 | -7.7% |
| Amounts receivable within one year | 40/41 | €66,950 | €41,259 | -€25,691 | -38.4% |
| Trade receivables | 40 | €62,712 | €36,779 | -€25,933 | -41.4% |
| Other amounts receivable | 41 | €4,238 | €4,480 | +€242 | +5.7% |
| Current investments | 50/53 | €25,749 | €26,165 | +€416 | +1.6% |
| Cash at bank and in hand | 54/58 | €6,789 | €21,836 | +€15,047 | +221.6% |
| Deferred charges and accrued income | 490/1 | €1,926 | €4,330 | +€2,404 | +124.9% |
| Total equity and liabilities | 10/49 | €145,454 | €127,018 | -€18,436 | -12.7% |
| Equity | 10/15 | €70,549 | €74,621 | +€4,073 | +5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 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% |
| Profit (loss) carried forward | 14 | €50,097 | €54,170 | +€4,073 | +8.1% |
| Amounts payable | 17/49 | €74,905 | €52,396 | -€22,509 | -30.0% |
| Amounts payable within one year | 42/48 | €74,905 | €52,396 | -€22,509 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €1,951 | - | -€1,951 | |
| Financial debts | 43 | - | €493 | +€493 | |
| Credit institutions | 430/8 | - | €493 | +€493 | |
| Trade debts | 44 | €24,665 | €13,181 | -€11,483 | -46.6% |
| Suppliers | 440/4 | €24,665 | €13,181 | -€11,483 | -46.6% |
| Taxes, remuneration and social security | 45 | €39,623 | €20,454 | -€19,168 | -48.4% |
| Taxes | 450/3 | €9,393 | €7,201 | -€2,191 | -23.3% |
| Remuneration and social security | 454/9 | €30,230 | €13,253 | -€16,977 | -56.2% |
| Other amounts payable | 47/48 | €8,667 | €18,268 | +€9,600 | +110.8% |
| Remuneration, social security and pensions | 62 | €177,987 | €131,859 | -€46,129 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,806 | €13,916 | -€890 | -6.0% |
| Other operating charges | 640/8 | €2,249 | €2,388 | +€139 | +6.2% |
| Gross operating margin | 9900 | €193,574 | €154,679 | -€38,895 | -20.1% |
| Operating profit (loss) | 9901 | -€1,468 | €6,516 | +€7,984 | |
| Financial income | 75/76B | €881 | €533 | -€348 | -39.5% |
| Recurring financial income | 75 | €881 | €533 | -€348 | -39.5% |
| Financial charges | 65/66B | €3,060 | €2,835 | -€225 | -7.4% |
| Recurring financial charges | 65 | €3,060 | €2,835 | -€225 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,647 | €4,214 | +€7,862 | |
| Income taxes | 67/77 | €371 | €142 | -€229 | -61.8% |
| Profit (loss) for the period | 9904 | -€4,018 | €4,073 | +€8,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,018 | €4,073 | +€8,091 |
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 30 September 2026 via checked.be.