AUTOSELECTIONS: 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.
AUTOSELECTIONS
Largest movements
- Receivables within one year -€135,046
down €135,046 (-54.7%), from €246,903 to €111,857
of which Trade receivables: -€119,522
- Tangible fixed assets -€56,510
down €56,510 (-4.1%), from €1.4m to €1.3m
of which Land and buildings: -€44,674
- Stocks and contracts -€43,162
down €43,162 (-8.2%), from €528,451 to €485,289
- Cash -€39,970
down €39,970 (-45.3%), from €88,153 to €48,184
mainly Trade debts (-€175,301) and Debts after one year (-€74,716)
- Trade debts -€175,301
down €175,301 (-58.7%), from €298,629 to €123,329
- Debts after one year -€74,716
down €74,716 (-7.4%), from €1.0m to €937,630
- Profit (loss) carried forward -€25,313
down €25,313 (-185%), from -€13,660 to -€38,973
- Other debts +€23,488
up €23,488 (+7.9%), from €299,181 to €322,668
- Gross operating margin -€96,690
down €96,690 (-37.4%), from €258,603 to €161,913
- Staff costs -€49,603
down €49,603 (-50.8%), from €97,589 to €47,986
- Financial charges -€21,594
down €21,594 (-24.6%), from €87,706 to €66,112
- Depreciation -€3,979
down €3,979 (-6.5%), from €61,233 to €57,254
- Financial income -€3,140
down €3,140 (-98.7%), from €3,182 to €42
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 | €2,259,151 | €1,989,513 | -€269,639 | -11.9% |
| Fixed assets | 21/28 | €1,385,611 | €1,329,101 | -€56,510 | -4.1% |
| Tangible fixed assets | 22/27 | €1,380,424 | €1,323,914 | -€56,510 | -4.1% |
| Land and buildings | 22 | €1,364,404 | €1,319,730 | -€44,674 | -3.3% |
| Plant, machinery and equipment | 23 | €11,210 | €4,184 | -€7,027 | -62.7% |
| Furniture and vehicles | 24 | €4,809 | - | -€4,809 | |
| Financial fixed assets | 28 | €5,188 | €5,188 | = | 0.0% |
| Current assets | 29/58 | €873,540 | €660,411 | -€213,129 | -24.4% |
| Stocks and contracts in progress | 3 | €528,451 | €485,289 | -€43,162 | -8.2% |
| Stocks | 30/36 | €528,451 | €485,289 | -€43,162 | -8.2% |
| Amounts receivable within one year | 40/41 | €246,903 | €111,857 | -€135,046 | -54.7% |
| Trade receivables | 40 | €231,379 | €111,857 | -€119,522 | -51.7% |
| Other amounts receivable | 41 | €15,524 | - | -€15,524 | |
| Cash at bank and in hand | 54/58 | €88,153 | €48,184 | -€39,970 | -45.3% |
| Deferred charges and accrued income | 490/1 | €10,033 | €15,082 | +€5,049 | +50.3% |
| Total equity and liabilities | 10/49 | €2,259,151 | €1,989,513 | -€269,639 | -11.9% |
| Equity | 10/15 | €140,464 | €115,151 | -€25,313 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,524 | €135,524 | = | 0.0% |
| Distributable reserves | 133 | €135,524 | €135,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,660 | -€38,973 | -€25,313 | -185% |
| Amounts payable | 17/49 | €2,118,687 | €1,874,361 | -€244,326 | -11.5% |
| Amounts payable after more than one year | 17 | €1,012,346 | €937,630 | -€74,716 | -7.4% |
| Financial debts | 170/4 | €1,012,346 | €937,630 | -€74,716 | -7.4% |
| Amounts payable within one year | 42/48 | €1,097,310 | €931,510 | -€165,801 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €72,305 | €74,716 | +€2,412 | +3.3% |
| Financial debts | 43 | €399,857 | €400,000 | +€143 | 0.0% |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Other loans | 439 | €399,857 | - | -€399,857 | |
| Trade debts | 44 | €298,629 | €123,329 | -€175,301 | -58.7% |
| Suppliers | 440/4 | €298,629 | €123,329 | -€175,301 | -58.7% |
| Taxes, remuneration and social security | 45 | €27,339 | €10,797 | -€16,542 | -60.5% |
| Taxes | 450/3 | €6,647 | €9,364 | +€2,717 | +40.9% |
| Remuneration and social security | 454/9 | €20,691 | €1,432 | -€19,259 | -93.1% |
| Other amounts payable | 47/48 | €299,181 | €322,668 | +€23,488 | +7.9% |
| Accrued charges and deferred income | 492/3 | €9,031 | €5,222 | -€3,809 | -42.2% |
| Remuneration, social security and pensions | 62 | €97,589 | €47,986 | -€49,603 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,233 | €57,254 | -€3,979 | -6.5% |
| Other operating charges | 640/8 | €10,750 | €11,383 | +€633 | +5.9% |
| Non-recurring operating charges | 66A | €492 | €4,212 | +€3,720 | +756% |
| Gross operating margin | 9900 | €258,603 | €161,913 | -€96,690 | -37.4% |
| Operating profit (loss) | 9901 | €88,539 | €41,079 | -€47,461 | -53.6% |
| Financial income | 75/76B | €3,182 | €42 | -€3,140 | -98.7% |
| Recurring financial income | 75 | €3,182 | €42 | -€3,140 | -98.7% |
| Financial charges | 65/66B | €87,706 | €66,112 | -€21,594 | -24.6% |
| Recurring financial charges | 65 | €87,706 | €66,112 | -€21,594 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €4,015 | -€24,992 | -€29,006 | |
| Income taxes | 67/77 | €977 | €321 | -€656 | -67.2% |
| Profit (loss) for the period | 9904 | €3,038 | -€25,313 | -€28,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,038 | -€25,313 | -€28,350 |
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 20 October 2026 via checked.be.