B. EURO: 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.
B. EURO
Largest movements
- Cash +€10,220
up €10,220 (+42.7%), from €23,963 to €34,183
mainly Net result for the year (+€14,867) and Depreciation (+€6,461)
- Receivables within one year -€4,866
down €4,866 (-18.2%), from €26,782 to €21,917
of which Other amounts receivable: -€2,991
- Deferred charges and accrued income +€984
up €984 (+31.4%), from €3,135 to €4,119
- Reserves +€10,879
up €10,879 (+111.2%), from €9,780 to €20,659
of which Distributable reserves: +€10,879
- Advances received -€5,927
down €5,927 (-100.0%), from €5,927 to €0
- Tax, wage and social debts -€5,175
down €5,175 (-37.8%), from €13,685 to €8,510
of which Remuneration and social security: -€8,420
- Profit (loss) carried forward +€3,989
up €3,989 (+51.0%), from €7,815 to €11,803
- Trade debts +€1,919
up €1,919 (+16.0%), from €11,980 to €13,900
- Staff costs -€7,453
down €7,453 (-14.4%), from €51,625 to €44,173
- Taxes +€2,818
up €2,818 (+51.3%), from €5,498 to €8,317
- Other operating charges -€1,054
down €1,054 (-23.0%), from €4,579 to €3,525
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 | €69,119 | €74,804 | +€5,686 | +8.2% |
| Fixed assets | 21/28 | €13,499 | €13,059 | -€440 | -3.3% |
| Tangible fixed assets | 22/27 | €13,499 | €13,059 | -€440 | -3.3% |
| Land and buildings | 22 | €6,637 | €4,895 | -€1,742 | -26.3% |
| Plant, machinery and equipment | 23 | €4,617 | €6,580 | +€1,963 | +42.5% |
| Furniture and vehicles | 24 | €2,244 | €1,584 | -€660 | -29.4% |
| Current assets | 29/58 | €55,619 | €61,745 | +€6,125 | +11.0% |
| Stocks and contracts in progress | 3 | €1,740 | €1,526 | -€214 | -12.3% |
| Stocks | 30/36 | €1,740 | €1,526 | -€214 | -12.3% |
| Amounts receivable within one year | 40/41 | €26,782 | €21,917 | -€4,866 | -18.2% |
| Trade receivables | 40 | €19,890 | €18,016 | -€1,875 | -9.4% |
| Other amounts receivable | 41 | €6,892 | €3,901 | -€2,991 | -43.4% |
| Cash at bank and in hand | 54/58 | €23,963 | €34,183 | +€10,220 | +42.7% |
| Deferred charges and accrued income | 490/1 | €3,135 | €4,119 | +€984 | +31.4% |
| Total equity and liabilities | 10/49 | €69,119 | €74,804 | +€5,686 | +8.2% |
| Equity | 10/15 | €36,187 | €51,054 | +€14,867 | +41.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,780 | €20,659 | +€10,879 | +111.2% |
| Non-distributable reserves | 130/1 | €739 | €739 | = | 0.0% |
| Reserves not available under the articles | 1311 | €739 | €739 | = | 0.0% |
| Distributable reserves | 133 | €9,041 | €19,920 | +€10,879 | +120.3% |
| Profit (loss) carried forward | 14 | €7,815 | €11,803 | +€3,989 | +51.0% |
| Amounts payable | 17/49 | €32,932 | €23,750 | -€9,182 | -27.9% |
| Amounts payable within one year | 42/48 | €31,592 | €22,410 | -€9,182 | -29.1% |
| Trade debts | 44 | €11,980 | €13,900 | +€1,919 | +16.0% |
| Suppliers | 440/4 | €11,980 | €13,900 | +€1,919 | +16.0% |
| Advances received on contracts in progress | 46 | €5,927 | €0 | -€5,927 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,685 | €8,510 | -€5,175 | -37.8% |
| Taxes | 450/3 | €3,245 | €6,491 | +€3,246 | +100.0% |
| Remuneration and social security | 454/9 | €10,439 | €2,019 | -€8,420 | -80.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,340 | €1,340 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €51,625 | €44,173 | -€7,453 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,107 | €6,461 | +€354 | +5.8% |
| Other operating charges | 640/8 | €4,579 | €3,525 | -€1,054 | -23.0% |
| Gross operating margin | 9900 | €78,479 | €78,795 | +€317 | +0.4% |
| Operating profit (loss) | 9901 | €16,167 | €24,637 | +€8,470 | +52.4% |
| Financial income | 75/76B | €205 | €432 | +€227 | +110.4% |
| Recurring financial income | 75 | €205 | €432 | +€227 | +110.4% |
| Financial charges | 65/66B | €1,545 | €1,884 | +€339 | +21.9% |
| Recurring financial charges | 65 | €1,545 | €1,884 | +€339 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €14,827 | €23,184 | +€8,357 | +56.4% |
| Income taxes | 67/77 | €5,498 | €8,317 | +€2,818 | +51.3% |
| Profit (loss) for the period | 9904 | €9,328 | €14,867 | +€5,539 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,328 | €14,867 | +€5,539 | +59.4% |
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 5 October 2026 via checked.be.