AR TOITURES: 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.
AR TOITURES
Largest movements
- Cash +€10,899
up €10,899 (+15.5%), from €70,517 to €81,416
mainly Depreciation (+€28,579) and Net result for the year (+€26,224)
- Tangible fixed assets -€6,233
down €6,233 (-10.8%), from €57,575 to €51,341
of which Furniture and vehicles: -€6,013
- Intangible fixed assets -€5,000
down €5,000 (-40.0%), from €12,500 to €7,500
- Stocks and contracts -€2,982
down €2,982 (-72.3%), from €4,124 to €1,142
- Receivables within one year +€2,286
up €2,286 (+22.1%), from €10,321 to €12,606
of which Other amounts receivable: +€3,886
- Other debts +€25,264
up €25,264 (+86.2%), from €29,298 to €54,561
- Profit (loss) carried forward -€13,776
down €13,776 (-17.7%), from €78,006 to €64,230
- Debts after one year -€7,219
down €7,219 (-56.6%), from €12,754 to €5,535
- Current portion of long-term debt -€2,016
down €2,016 (-21.8%), from €9,235 to €7,219
- Gross operating margin +€22,898
up €22,898 (+25.5%), from €89,900 to €112,798
- Staff costs +€5,155
up €5,155 (+10.9%), from €47,277 to €52,432
- Taxes +€4,300
up €4,300 (+163%), from €2,644 to €6,944
- Depreciation -€2,566
down €2,566 (-8.2%), from €31,145 to €28,579
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 | €156,882 | €156,796 | -€86 | -0.1% |
| Fixed assets | 21/28 | €70,290 | €59,056 | -€11,233 | -16.0% |
| Intangible fixed assets | 21 | €12,500 | €7,500 | -€5,000 | -40.0% |
| Tangible fixed assets | 22/27 | €57,575 | €51,341 | -€6,233 | -10.8% |
| Furniture and vehicles | 24 | €57,025 | €51,011 | -€6,013 | -10.5% |
| Other tangible fixed assets | 26 | €550 | €330 | -€220 | -40.0% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €86,593 | €97,740 | +€11,147 | +12.9% |
| Stocks and contracts in progress | 3 | €4,124 | €1,142 | -€2,982 | -72.3% |
| Stocks | 30/36 | €4,124 | €1,142 | -€2,982 | -72.3% |
| Amounts receivable within one year | 40/41 | €10,321 | €12,606 | +€2,286 | +22.1% |
| Trade receivables | 40 | €1,600 | - | -€1,600 | |
| Other amounts receivable | 41 | €8,721 | €12,606 | +€3,886 | +44.6% |
| Cash at bank and in hand | 54/58 | €70,517 | €81,416 | +€10,899 | +15.5% |
| Deferred charges and accrued income | 490/1 | €1,631 | €2,576 | +€944 | +57.9% |
| Total equity and liabilities | 10/49 | €156,882 | €156,796 | -€86 | -0.1% |
| Equity | 10/15 | €96,606 | €82,830 | -€13,776 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,006 | €64,230 | -€13,776 | -17.7% |
| Amounts payable | 17/49 | €60,276 | €73,966 | +€13,690 | +22.7% |
| Amounts payable after more than one year | 17 | €12,754 | €5,535 | -€7,219 | -56.6% |
| Financial debts | 170/4 | €12,754 | €5,535 | -€7,219 | -56.6% |
| Amounts payable within one year | 42/48 | €47,522 | €68,432 | +€20,909 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €9,235 | €7,219 | -€2,016 | -21.8% |
| Trade debts | 44 | €2,001 | €819 | -€1,182 | -59.1% |
| Suppliers | 440/4 | €2,001 | €819 | -€1,182 | -59.1% |
| Taxes, remuneration and social security | 45 | €6,989 | €5,833 | -€1,156 | -16.5% |
| Taxes | 450/3 | €632 | €747 | +€115 | +18.1% |
| Remuneration and social security | 454/9 | €6,356 | €5,086 | -€1,271 | -20.0% |
| Other amounts payable | 47/48 | €29,298 | €54,561 | +€25,264 | +86.2% |
| Remuneration, social security and pensions | 62 | €47,277 | €52,432 | +€5,155 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,145 | €28,579 | -€2,566 | -8.2% |
| Other operating charges | 640/8 | €1,025 | €1,049 | +€23 | +2.3% |
| Gross operating margin | 9900 | €89,900 | €112,798 | +€22,898 | +25.5% |
| Operating profit (loss) | 9901 | €10,452 | €30,737 | +€20,286 | +194% |
| Financial income | 75/76B | €1,899 | €2,980 | +€1,081 | +56.9% |
| Recurring financial income | 75 | €1,899 | €2,980 | +€1,081 | +56.9% |
| Financial charges | 65/66B | €876 | €549 | -€327 | -37.3% |
| Recurring financial charges | 65 | €876 | €549 | -€327 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €11,475 | €33,168 | +€21,693 | +189% |
| Income taxes | 67/77 | €2,644 | €6,944 | +€4,300 | +163% |
| Profit (loss) for the period | 9904 | €8,830 | €26,224 | +€17,393 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €8,830 | €26,224 | +€17,393 | +197% |
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 18 October 2026 via checked.be.