AUTOSELECT: 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.
AUTOSELECT
Largest movements
- Tangible fixed assets +€344,538
up €344,538 (+27.4%), from €1.3m to €1.6m
of which Land and buildings: +€209,052
- Deferred charges and accrued income -€100,438
down €100,438 (-37.8%), from €265,928 to €165,490
- Stocks and contracts +€73,115
up €73,115 (+10.7%), from €681,265 to €754,380
- Cash -€46,594
down €46,594 (-7.2%), from €648,481 to €601,887
mainly Investment in fixed assets (net) (-€455,570) and Contributions, distributions and other (-€300,000)
- Other debts +€200,000
up €200,000 (+200.0%), from €100,000 to €300,000
- Trade debts -€167,072
no longer reported in 2025 (was €167,072)
- Debts after one year +€120,780
up €120,780 (+17.5%), from €688,764 to €809,544
- Short-term financial debts +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Current portion of long-term debt +€34,196
up €34,196 (+14.1%), from €242,630 to €276,826
- Gross operating margin +€104,175
up €104,175 (+13.6%), from €765,283 to €869,458
- Staff costs +€32,886
up €32,886 (+10.4%), from €317,448 to €350,333
- Taxes -€25,374
down €25,374 (-26.3%), from €96,315 to €70,941
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 | €3,019,688 | €3,310,327 | +€290,639 | +9.6% |
| Fixed assets | 21/28 | €1,356,042 | €1,700,580 | +€344,538 | +25.4% |
| Tangible fixed assets | 22/27 | €1,256,042 | €1,600,580 | +€344,538 | +27.4% |
| Land and buildings | 22 | €1,129,528 | €1,338,580 | +€209,052 | +18.5% |
| Plant, machinery and equipment | 23 | €121,178 | €253,026 | +€131,848 | +108.8% |
| Furniture and vehicles | 24 | €5,337 | €8,974 | +€3,637 | +68.1% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €1,663,646 | €1,609,747 | -€53,899 | -3.2% |
| Stocks and contracts in progress | 3 | €681,265 | €754,380 | +€73,115 | +10.7% |
| Stocks | 30/36 | €681,265 | €754,380 | +€73,115 | +10.7% |
| Amounts receivable within one year | 40/41 | €67,973 | €87,991 | +€20,018 | +29.5% |
| Trade receivables | 40 | €67,973 | €86,807 | +€18,834 | +27.7% |
| Other amounts receivable | 41 | - | €1,184 | +€1,184 | |
| Cash at bank and in hand | 54/58 | €648,481 | €601,887 | -€46,594 | -7.2% |
| Deferred charges and accrued income | 490/1 | €265,928 | €165,490 | -€100,438 | -37.8% |
| Total equity and liabilities | 10/49 | €3,019,688 | €3,310,327 | +€290,639 | +9.6% |
| Equity | 10/15 | €1,645,854 | €1,634,081 | -€11,773 | -0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,602,859 | €1,607,859 | +€5,000 | +0.3% |
| Non-distributable reserves | 130/1 | €37,859 | €37,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,859 | €37,859 | = | 0.0% |
| Distributable reserves | 133 | €1,565,000 | €1,570,000 | +€5,000 | +0.3% |
| Profit (loss) carried forward | 14 | €24,403 | €7,630 | -€16,773 | -68.7% |
| Amounts payable | 17/49 | €1,373,834 | €1,676,246 | +€302,412 | +22.0% |
| Amounts payable after more than one year | 17 | €688,764 | €809,544 | +€120,780 | +17.5% |
| Financial debts | 170/4 | €688,764 | €809,544 | +€120,780 | +17.5% |
| Amounts payable within one year | 42/48 | €685,070 | €866,702 | +€181,632 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €242,630 | €276,826 | +€34,196 | +14.1% |
| Financial debts | 43 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Credit institutions | 430/8 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Trade debts | 44 | €167,072 | - | -€167,072 | |
| Suppliers | 440/4 | €167,072 | - | -€167,072 | |
| Taxes, remuneration and social security | 45 | €125,368 | €139,875 | +€14,508 | +11.6% |
| Taxes | 450/3 | €96,911 | €117,145 | +€20,235 | +20.9% |
| Remuneration and social security | 454/9 | €28,457 | €22,730 | -€5,727 | -20.1% |
| Other amounts payable | 47/48 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Remuneration, social security and pensions | 62 | €317,448 | €350,333 | +€32,886 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,188 | €111,033 | +€7,844 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,850 | - | +€1,850 | |
| Other operating charges | 640/8 | €22,622 | €23,186 | +€564 | +2.5% |
| Gross operating margin | 9900 | €765,283 | €869,458 | +€104,175 | +13.6% |
| Operating profit (loss) | 9901 | €323,875 | €384,906 | +€61,031 | +18.8% |
| Financial income | 75/76B | €2,609 | €9,133 | +€6,524 | +250.0% |
| Recurring financial income | 75 | €2,609 | €9,133 | +€6,524 | +250.0% |
| Financial charges | 65/66B | €34,825 | €34,872 | +€47 | +0.1% |
| Recurring financial charges | 65 | €34,825 | €34,872 | +€47 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €291,660 | €359,168 | +€67,508 | +23.1% |
| Income taxes | 67/77 | €96,315 | €70,941 | -€25,374 | -26.3% |
| Profit (loss) for the period | 9904 | €195,345 | €288,227 | +€92,883 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €195,345 | €288,227 | +€92,883 | +47.5% |
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 8 October 2026 via checked.be.