AUTHORITY: 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.
AUTHORITY
Largest movements
- Receivables within one year +€16,768
up €16,768 (+14.3%), from €117,092 to €133,860
of which Other amounts receivable: +€29,453
- Cash -€6,027
down €6,027 (-93.4%), from €6,453 to €426
mainly Tax, wage and social debts (-€24,817) and Debts after one year (-€18,691)
- Deferred charges and accrued income -€3,310
down €3,310 (-64.8%), from €5,107 to €1,797
- Other debts +€37,126
up €37,126 (+91.6%), from €40,549 to €77,675
- Tax, wage and social debts -€24,817
down €24,817 (-65.8%), from €37,744 to €12,927
- Debts after one year -€18,691
down €18,691 (-12.7%), from €147,656 to €128,965
- Short-term financial debts +€15,821
up €15,821 (+27.5%), from €57,510 to €73,331
- Trade debts -€14,109
down €14,109 (-16.6%), from €85,216 to €71,107
- Gross operating margin +€18,749
up €18,749, from -€8,794 to €9,955
- Other operating charges -€7,385
down €7,385 (-84.6%), from €8,732 to €1,347
- Financial income +€6,269
up €6,269 (+125.7%), from €4,987 to €11,256
- Depreciation -€5,545
down €5,545 (-88.8%), from €6,241 to €697
- Financial charges -€4,503
down €4,503 (-20.9%), from €21,567 to €17,064
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 | €180,776 | €187,461 | +€6,684 | +3.7% |
| Fixed assets | 21/28 | €52,124 | €51,377 | -€747 | -1.4% |
| Intangible fixed assets | 21 | €443 | €0 | -€443 | -100.0% |
| Tangible fixed assets | 22/27 | €330 | €77 | -€253 | -76.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €330 | €77 | -€253 | -76.6% |
| Financial fixed assets | 28 | €51,350 | €51,300 | -€50 | -0.1% |
| Current assets | 29/58 | €128,653 | €136,084 | +€7,431 | +5.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €117,092 | €133,860 | +€16,768 | +14.3% |
| Trade receivables | 40 | €53,720 | €41,035 | -€12,685 | -23.6% |
| Other amounts receivable | 41 | €63,372 | €92,825 | +€29,453 | +46.5% |
| Cash at bank and in hand | 54/58 | €6,453 | €426 | -€6,027 | -93.4% |
| Deferred charges and accrued income | 490/1 | €5,107 | €1,797 | -€3,310 | -64.8% |
| Total equity and liabilities | 10/49 | €180,776 | €187,461 | +€6,684 | +3.7% |
| Equity | 10/15 | -€244,358 | -€242,417 | +€1,941 | +0.8% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €16,223 | €16,223 | = | 0.0% |
| Distributable reserves | 133 | €16,223 | €16,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€281,581 | -€279,640 | +€1,941 | +0.7% |
| Amounts payable | 17/49 | €425,134 | €429,878 | +€4,744 | +1.1% |
| Amounts payable after more than one year | 17 | €147,656 | €128,965 | -€18,691 | -12.7% |
| Financial debts | 170/4 | €147,656 | €128,965 | -€18,691 | -12.7% |
| Amounts payable within one year | 42/48 | €275,816 | €298,944 | +€23,128 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €54,798 | €63,904 | +€9,107 | +16.6% |
| Financial debts | 43 | €57,510 | €73,331 | +€15,821 | +27.5% |
| Credit institutions | 430/8 | €57,510 | €73,331 | +€15,821 | +27.5% |
| Trade debts | 44 | €85,216 | €71,107 | -€14,109 | -16.6% |
| Suppliers | 440/4 | €85,216 | €71,107 | -€14,109 | -16.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,744 | €12,927 | -€24,817 | -65.8% |
| Taxes | 450/3 | €37,744 | €12,927 | -€24,817 | -65.8% |
| Other amounts payable | 47/48 | €40,549 | €77,675 | +€37,126 | +91.6% |
| Accrued charges and deferred income | 492/3 | €1,662 | €1,969 | +€307 | +18.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,241 | €697 | -€5,545 | -88.8% |
| Other operating charges | 640/8 | €8,732 | €1,347 | -€7,385 | -84.6% |
| Gross operating margin | 9900 | -€8,794 | €9,955 | +€18,749 | |
| Operating profit (loss) | 9901 | -€23,768 | €7,911 | +€31,679 | |
| Financial income | 75/76B | €4,987 | €11,256 | +€6,269 | +125.7% |
| Recurring financial income | 75 | €4,987 | €11,256 | +€6,269 | +125.7% |
| Financial charges | 65/66B | €21,567 | €17,064 | -€4,503 | -20.9% |
| Recurring financial charges | 65 | €21,567 | €17,064 | -€4,503 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,348 | €2,103 | +€42,450 | |
| Income taxes | 67/77 | €286 | €162 | -€124 | -43.3% |
| Profit (loss) for the period | 9904 | -€40,634 | €1,941 | +€42,574 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,634 | €1,941 | +€42,574 |
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.