BACKBONE MANAGEMENT: 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.
BACKBONE MANAGEMENT
Largest movements
- Receivables within one year -€55,592
down €55,592 (-97.6%), from €56,973 to €1,381
of which Trade receivables: -€40,669
- Cash +€9,537
up €9,537 (+3.5%), from €270,804 to €280,340
mainly Receivables within one year (+€55,592) and Net result for the year (+€51,967)
- Tangible fixed assets -€7,311
down €7,311 (-2.5%), from €298,094 to €290,783
of which Furniture and vehicles: -€5,526
- Debts after one year -€26,883
down €26,883 (-16.8%), from €159,906 to €133,023
- Reserves -€16,997
down €16,997 (-4.3%), from €399,165 to €382,168
of which Distributable reserves: -€16,997
- Gross operating margin -€33,874
down €33,874 (-26.4%), from €128,136 to €94,262
- Other operating charges +€3,473
up €3,473 (+157%), from €2,216 to €5,689
- Taxes -€3,467
down €3,467 (-13.0%), from €26,687 to €23,220
- Depreciation +€1,371
up €1,371 (+14.2%), from €9,625 to €10,996
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 | €629,203 | €574,557 | -€54,646 | -8.7% |
| Fixed assets | 21/28 | €298,094 | €290,783 | -€7,311 | -2.5% |
| Tangible fixed assets | 22/27 | €298,094 | €290,783 | -€7,311 | -2.5% |
| Land and buildings | 22 | €286,532 | €285,112 | -€1,420 | -0.5% |
| Plant, machinery and equipment | 23 | €2,068 | €1,702 | -€365 | -17.7% |
| Furniture and vehicles | 24 | €9,494 | €3,968 | -€5,526 | -58.2% |
| Current assets | 29/58 | €331,109 | €283,775 | -€47,335 | -14.3% |
| Amounts receivable within one year | 40/41 | €56,973 | €1,381 | -€55,592 | -97.6% |
| Trade receivables | 40 | €41,870 | €1,201 | -€40,669 | -97.1% |
| Other amounts receivable | 41 | €15,103 | €180 | -€14,923 | -98.8% |
| Cash at bank and in hand | 54/58 | €270,804 | €280,340 | +€9,537 | +3.5% |
| Deferred charges and accrued income | 490/1 | €3,333 | €2,054 | -€1,279 | -38.4% |
| Total equity and liabilities | 10/49 | €629,203 | €574,557 | -€54,646 | -8.7% |
| Equity | 10/15 | €409,165 | €392,168 | -€16,997 | -4.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €399,165 | €382,168 | -€16,997 | -4.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €399,165 | €382,168 | -€16,997 | -4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,038 | €182,389 | -€37,649 | -17.1% |
| Amounts payable after more than one year | 17 | €159,906 | €133,023 | -€26,883 | -16.8% |
| Financial debts | 170/4 | €159,906 | €133,023 | -€26,883 | -16.8% |
| Amounts payable within one year | 42/48 | €60,132 | €49,366 | -€10,766 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €26,505 | €26,883 | +€378 | +1.4% |
| Trade debts | 44 | €4,469 | €0 | -€4,469 | -100% |
| Suppliers | 440/4 | €4,469 | €0 | -€4,469 | -100% |
| Taxes, remuneration and social security | 45 | €26,174 | €20,120 | -€6,054 | -23.1% |
| Taxes | 450/3 | €26,174 | €20,120 | -€6,054 | -23.1% |
| Other amounts payable | 47/48 | €2,984 | €2,363 | -€621 | -20.8% |
| Non-recurring operating income | 76A | - | €194 | +€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,625 | €10,996 | +€1,371 | +14.2% |
| Other operating charges | 640/8 | €2,216 | €5,689 | +€3,473 | +157% |
| Gross operating margin | 9900 | €128,136 | €94,262 | -€33,874 | -26.4% |
| Operating profit (loss) | 9901 | €116,295 | €77,577 | -€38,718 | -33.3% |
| Financial income | 75/76B | €388 | €1 | -€387 | -99.7% |
| Recurring financial income | 75 | €388 | €1 | -€387 | -99.7% |
| Financial charges | 65/66B | €3,236 | €2,391 | -€844 | -26.1% |
| Recurring financial charges | 65 | €3,236 | €2,391 | -€844 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €113,447 | €75,187 | -€38,261 | -33.7% |
| Income taxes | 67/77 | €26,687 | €23,220 | -€3,467 | -13.0% |
| Profit (loss) for the period | 9904 | €86,761 | €51,967 | -€34,794 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,761 | €51,967 | -€34,794 | -40.1% |
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 15 October 2026 via checked.be.