AS YOU WISH: what changed
AS YOU WISH
Largest movements
- Receivables within one year +€53,311
up €53,311 (+46.8%), from €113,908 to €167,219
of which Trade receivables: +€48,136
- Tangible fixed assets +€24,751
up €24,751 (+10.6%), from €234,226 to €258,978
of which Plant, machinery and equipment: +€17,362
- Cash -€17,359
down €17,359 (-26.6%), from €65,272 to €47,913
mainly Investment in fixed assets (net) (-€141,614) and Receivables within one year (-€53,311)
- Deferred charges and accrued income +€10,261
up €10,261 (+97.6%), from €10,515 to €20,776
- Debts after one year +€71,587
new in 2025: €71,587
- Other debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Trade debts +€47,973
up €47,973 (+57.0%), from €84,142 to €132,115
- Advances received -€27,837
down €27,837 (-27.1%), from €102,633 to €74,796
- Profit (loss) carried forward +€20,263
up €20,263 (+25.3%), from €80,016 to €100,279
- Gross operating margin -€49,903
down €49,903 (-13.7%), from €365,430 to €315,527
- Depreciation +€23,052
up €23,052 (+24.3%), from €94,745 to €117,798
- Taxes -€19,390
down €19,390 (-75.6%), from €25,643 to €6,253
- Other operating charges -€10,551
down €10,551 (-74.1%), from €14,236 to €3,685
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €428,400 | €498,429 | +€70,029 | +16.3% |
| Fixed assets | 21/28 | €238,705 | €262,521 | +€23,816 | +10.0% |
| Intangible fixed assets | 21 | €4,478 | €3,543 | -€935 | -20.9% |
| Tangible fixed assets | 22/27 | €234,226 | €258,978 | +€24,751 | +10.6% |
| Plant, machinery and equipment | 23 | €135,770 | €153,131 | +€17,362 | +12.8% |
| Furniture and vehicles | 24 | €98,457 | €97,866 | -€591 | -0.6% |
| Other tangible fixed assets | 26 | - | €7,980 | +€7,980 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €189,695 | €235,908 | +€46,213 | +24.4% |
| Amounts receivable within one year | 40/41 | €113,908 | €167,219 | +€53,311 | +46.8% |
| Trade receivables | 40 | €106,231 | €154,368 | +€48,136 | +45.3% |
| Other amounts receivable | 41 | €7,676 | €12,851 | +€5,174 | +67.4% |
| Cash at bank and in hand | 54/58 | €65,272 | €47,913 | -€17,359 | -26.6% |
| Deferred charges and accrued income | 490/1 | €10,515 | €20,776 | +€10,261 | +97.6% |
| Total equity and liabilities | 10/49 | €428,400 | €498,429 | +€70,029 | +16.3% |
| Equity | 10/15 | €160,476 | €180,739 | +€20,263 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Distributable reserves | 133 | €61,860 | €61,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,016 | €100,279 | +€20,263 | +25.3% |
| Amounts payable | 17/49 | €267,924 | €317,690 | +€49,766 | +18.6% |
| Amounts payable after more than one year | 17 | - | €71,587 | +€71,587 | |
| Financial debts | 170/4 | - | €71,587 | +€71,587 | |
| Amounts payable within one year | 42/48 | €267,917 | €243,271 | -€24,647 | -9.2% |
| Trade debts | 44 | €84,142 | €132,115 | +€47,973 | +57.0% |
| Suppliers | 440/4 | €84,142 | €132,115 | +€47,973 | +57.0% |
| Advances received on contracts in progress | 46 | €102,633 | €74,796 | -€27,837 | -27.1% |
| Taxes, remuneration and social security | 45 | €31,142 | €36,360 | +€5,217 | +16.8% |
| Taxes | 450/3 | €17,896 | €16,381 | -€1,515 | -8.5% |
| Remuneration and social security | 454/9 | €13,246 | €19,978 | +€6,732 | +50.8% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Accrued charges and deferred income | 492/3 | €7 | €2,833 | +€2,826 | +41,019% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €169,772 | €167,158 | -€2,614 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,745 | €117,798 | +€23,052 | +24.3% |
| Other operating charges | 640/8 | €14,236 | €3,685 | -€10,551 | -74.1% |
| Gross operating margin | 9900 | €365,430 | €315,527 | -€49,903 | -13.7% |
| Operating profit (loss) | 9901 | €86,677 | €26,886 | -€59,790 | -69.0% |
| Financial income | 75/76B | €494 | €213 | -€281 | -57.0% |
| Recurring financial income | 75 | €494 | €213 | -€281 | -57.0% |
| Financial charges | 65/66B | €615 | €583 | -€32 | -5.2% |
| Recurring financial charges | 65 | €615 | €583 | -€32 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €86,556 | €26,516 | -€60,040 | -69.4% |
| Income taxes | 67/77 | €25,643 | €6,253 | -€19,390 | -75.6% |
| Profit (loss) for the period | 9904 | €60,912 | €20,263 | -€40,650 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,912 | €20,263 | -€40,650 | -66.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.