AS FINANCIAL CONCEPT: 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.
AS FINANCIAL CONCEPT
Largest movements
- Receivables within one year +€44,083
up €44,083 (+184%), from €23,944 to €68,027
of which Trade receivables: +€24,000
- Receivables after one year -€40,000
down €40,000 (-53.3%), from €75,000 to €35,000
- Other debts +€32,645
up €32,645 (+33.6%), from €97,098 to €129,743
- Tax, wage and social debts -€22,027
down €22,027 (-41.5%), from €53,041 to €31,014
of which Taxes: -€20,127
- Current portion of long-term debt -€20,105
down €20,105 (-46.9%), from €42,907 to €22,802
- Reserves +€15,042
up €15,042 (+5.1%), from €293,196 to €308,238
of which Distributable reserves: +€15,042
- Financial income -€3,341
down €3,341 (-62.2%), from €5,372 to €2,030
- Taxes -€2,208
down €2,208 (-8.1%), from €27,153 to €24,944
- Financial charges +€2,001
up €2,001, from -€311 to €1,690
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 | €502,402 | €504,722 | +€2,321 | +0.5% |
| Fixed assets | 21/28 | €400,000 | €400,000 | = | 0.0% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €102,402 | €104,722 | +€2,321 | +2.3% |
| Amounts receivable after more than one year | 29 | €75,000 | €35,000 | -€40,000 | -53.3% |
| Other amounts receivable | 291 | €75,000 | €35,000 | -€40,000 | -53.3% |
| Amounts receivable within one year | 40/41 | €23,944 | €68,027 | +€44,083 | +184% |
| Trade receivables | 40 | - | €24,000 | +€24,000 | |
| Other amounts receivable | 41 | €23,944 | €44,027 | +€20,083 | +83.9% |
| Cash at bank and in hand | 54/58 | €116 | €1,695 | +€1,579 | +1,362% |
| Deferred charges and accrued income | 490/1 | €3,341 | - | -€3,341 | |
| Total equity and liabilities | 10/49 | €502,402 | €504,722 | +€2,321 | +0.5% |
| Equity | 10/15 | €305,596 | €320,638 | +€15,042 | +4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €293,196 | €308,238 | +€15,042 | +5.1% |
| 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 | €291,336 | €306,378 | +€15,042 | +5.2% |
| Amounts payable | 17/49 | €196,806 | €184,085 | -€12,721 | -6.5% |
| Amounts payable within one year | 42/48 | €193,047 | €183,959 | -€9,088 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €42,907 | €22,802 | -€20,105 | -46.9% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €53,041 | €31,014 | -€22,027 | -41.5% |
| Taxes | 450/3 | €51,141 | €31,014 | -€20,127 | -39.4% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €97,098 | €129,743 | +€32,645 | +33.6% |
| Accrued charges and deferred income | 492/3 | €3,759 | €126 | -€3,633 | -96.6% |
| Gross operating margin | 9900 | €73,610 | €73,095 | -€515 | -0.7% |
| Operating profit (loss) | 9901 | €73,610 | €73,095 | -€515 | -0.7% |
| Financial income | 75/76B | €5,372 | €2,030 | -€3,341 | -62.2% |
| Recurring financial income | 75 | €5,372 | €2,030 | -€3,341 | -62.2% |
| Financial charges | 65/66B | -€311 | €1,690 | +€2,001 | |
| Recurring financial charges | 65 | -€311 | €1,690 | +€2,001 | |
| Profit (loss) for the period before taxes | 9903 | €79,292 | €73,435 | -€5,857 | -7.4% |
| Income taxes | 67/77 | €27,153 | €24,944 | -€2,208 | -8.1% |
| Profit (loss) for the period | 9904 | €52,139 | €48,490 | -€3,649 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,139 | €48,490 | -€3,649 | -7.0% |
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 24 October 2026 via checked.be.