Areaal: 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.
Areaal
Largest movements
- Receivables within one year +€112,739
up €112,739 (+153.7%), from €73,340 to €186,079
of which Trade receivables: +€92,205
- Tangible fixed assets +€7,091
up €7,091 (+90.9%), from €7,800 to €14,892
of which Plant, machinery and equipment: +€9,110
- Cash -€5,491
down €5,491 (-4.7%), from €116,186 to €110,695
mainly Receivables within one year (-€112,739) and Accrued charges and deferred income (-€35,860)
- Deferred charges and accrued income -€4,174
down €4,174 (-98.5%), from €4,239 to €65
- Trade debts +€126,523
up €126,523 (+315.2%), from €40,137 to €166,660
- Accrued charges and deferred income -€35,860
down €35,860 (-63.4%), from €56,558 to €20,699
- Other debts +€30,104
up €30,104 (+36640.7%), from €82 to €30,186
- Tax, wage and social debts -€7,926
down €7,926 (-59.8%), from €13,256 to €5,330
of which Taxes: -€7,919
- Gross operating margin +€27,060
up €27,060 (+97.8%), from €27,657 to €54,716
- Write-downs +€3,496
new in 2025: €3,496
- Other operating charges -€840
down €840 (-9.1%), from €9,268 to €8,428
- Taxes -€774
down €774 (-29.3%), from €2,641 to €1,867
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 | €220,289 | €332,751 | +€112,462 | +51.1% |
| Fixed assets | 21/28 | €26,524 | €35,912 | +€9,388 | +35.4% |
| Intangible fixed assets | 21 | €676 | €2,973 | +€2,297 | +339.8% |
| Tangible fixed assets | 22/27 | €7,800 | €14,892 | +€7,091 | +90.9% |
| Plant, machinery and equipment | 23 | €359 | €9,469 | +€9,110 | +2537.4% |
| Furniture and vehicles | 24 | €6,331 | €4,910 | -€1,421 | -22.4% |
| Other tangible fixed assets | 26 | €1,111 | €513 | -€598 | -53.8% |
| Financial fixed assets | 28 | €18,048 | €18,048 | = | 0.0% |
| Current assets | 29/58 | €193,765 | €296,839 | +€103,074 | +53.2% |
| Amounts receivable within one year | 40/41 | €73,340 | €186,079 | +€112,739 | +153.7% |
| Trade receivables | 40 | €73,340 | €165,546 | +€92,205 | +125.7% |
| Other amounts receivable | 41 | - | €20,534 | +€20,534 | |
| Cash at bank and in hand | 54/58 | €116,186 | €110,695 | -€5,491 | -4.7% |
| Deferred charges and accrued income | 490/1 | €4,239 | €65 | -€4,174 | -98.5% |
| Total equity and liabilities | 10/49 | €220,289 | €332,751 | +€112,462 | +51.1% |
| Equity | 10/15 | €110,256 | €109,876 | -€380 | -0.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,256 | €9,876 | -€380 | -3.7% |
| Amounts payable | 17/49 | €110,033 | €222,875 | +€112,842 | +102.6% |
| Amounts payable within one year | 42/48 | €53,475 | €202,176 | +€148,701 | +278.1% |
| Trade debts | 44 | €40,137 | €166,660 | +€126,523 | +315.2% |
| Suppliers | 440/4 | €40,137 | €166,660 | +€126,523 | +315.2% |
| Taxes, remuneration and social security | 45 | €13,256 | €5,330 | -€7,926 | -59.8% |
| Taxes | 450/3 | €12,684 | €4,765 | -€7,919 | -62.4% |
| Remuneration and social security | 454/9 | €572 | €565 | -€7 | -1.1% |
| Other amounts payable | 47/48 | €82 | €30,186 | +€30,104 | +36640.7% |
| Accrued charges and deferred income | 492/3 | €56,558 | €20,699 | -€35,860 | -63.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,122 | €8,155 | +€34 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,035 | €3,521 | +€486 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,496 | +€3,496 | |
| Other operating charges | 640/8 | €9,268 | €8,428 | -€840 | -9.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,657 | €54,716 | +€27,060 | +97.8% |
| Operating profit (loss) | 9901 | €7,231 | €31,116 | +€23,884 | +330.3% |
| Financial income | 75/76B | €0 | €19 | +€18 | +11525.0% |
| Recurring financial income | 75 | €0 | €19 | +€18 | +11525.0% |
| Financial charges | 65/66B | €61 | -€353 | -€414 | |
| Recurring financial charges | 65 | €61 | -€353 | -€414 | |
| Profit (loss) for the period before taxes | 9903 | €7,171 | €31,487 | +€24,317 | +339.1% |
| Income taxes | 67/77 | €2,641 | €1,867 | -€774 | -29.3% |
| Profit (loss) for the period | 9904 | €4,529 | €29,620 | +€25,091 | +554.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,529 | €29,620 | +€25,091 | +554.0% |
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 9 October 2026 via checked.be.