BACKCATALOGUE: 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.
BACKCATALOGUE
Largest movements
- Receivables within one year +€34,863
up €34,863 (+21.6%), from €161,690 to €196,553
of which Trade receivables: +€39,365
- Cash -€30,001
down €30,001 (-28.6%), from €105,023 to €75,022
mainly Receivables within one year (-€34,863) and Net result for the year (-€19,004)
- Stocks and contracts -€7,727
down €7,727 (-76.6%), from €10,083 to €2,356
- Profit (loss) carried forward -€19,004
down €19,004 (-10.6%), from €178,768 to €159,765
- Trade debts +€9,464
up €9,464 (+10.1%), from €93,842 to €103,306
- Other debts +€3,342
up €3,342 (+79.3%), from €4,215 to €7,556
- Gross operating margin -€29,500
down €29,500, from €19,072 to -€10,428
- Financial charges -€10,739
down €10,739 (-57.0%), from €18,847 to €8,108
- Other operating charges -€5,516
down €5,516 (-87.3%), from €6,319 to €803
- Write-downs +€4,444
up €4,444 (+81.1%), from -€5,479 to -€1,035
- Depreciation -€2,742
down €2,742 (-79.7%), from €3,441 to €699
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 | €288,753 | €282,805 | -€5,948 | -2.1% |
| Fixed assets | 21/28 | €7,907 | €7,207 | -€699 | -8.8% |
| Tangible fixed assets | 22/27 | €1,657 | €957 | -€699 | -42.2% |
| Plant, machinery and equipment | 23 | €1,657 | €957 | -€699 | -42.2% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €280,846 | €275,598 | -€5,248 | -1.9% |
| Stocks and contracts in progress | 3 | €10,083 | €2,356 | -€7,727 | -76.6% |
| Stocks | 30/36 | €10,083 | €2,356 | -€7,727 | -76.6% |
| Amounts receivable within one year | 40/41 | €161,690 | €196,553 | +€34,863 | +21.6% |
| Trade receivables | 40 | €140,881 | €180,245 | +€39,365 | +27.9% |
| Other amounts receivable | 41 | €20,810 | €16,308 | -€4,502 | -21.6% |
| Cash at bank and in hand | 54/58 | €105,023 | €75,022 | -€30,001 | -28.6% |
| Deferred charges and accrued income | 490/1 | €4,051 | €1,667 | -€2,384 | -58.8% |
| Total equity and liabilities | 10/49 | €288,753 | €282,805 | -€5,948 | -2.1% |
| Equity | 10/15 | €186,823 | €167,820 | -€19,004 | -10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,768 | €159,765 | -€19,004 | -10.6% |
| Amounts payable | 17/49 | €101,930 | €114,986 | +€13,056 | +12.8% |
| Amounts payable within one year | 42/48 | €98,056 | €110,862 | +€12,805 | +13.1% |
| Trade debts | 44 | €93,842 | €103,306 | +€9,464 | +10.1% |
| Suppliers | 440/4 | €93,842 | €103,306 | +€9,464 | +10.1% |
| Other amounts payable | 47/48 | €4,215 | €7,556 | +€3,342 | +79.3% |
| Accrued charges and deferred income | 492/3 | €3,873 | €4,124 | +€251 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,441 | €699 | -€2,742 | -79.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,479 | -€1,035 | +€4,444 | +81.1% |
| Other operating charges | 640/8 | €6,319 | €803 | -€5,516 | -87.3% |
| Gross operating margin | 9900 | €19,072 | -€10,428 | -€29,500 | |
| Operating profit (loss) | 9901 | €14,790 | -€10,896 | -€25,686 | |
| Financial income | 75/76B | €226 | - | -€226 | |
| Recurring financial income | 75 | €226 | - | -€226 | |
| Financial charges | 65/66B | €18,847 | €8,108 | -€10,739 | -57.0% |
| Recurring financial charges | 65 | €18,847 | €8,108 | -€10,739 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,830 | -€19,004 | -€15,173 | -396% |
| Profit (loss) for the period | 9904 | -€3,830 | -€19,004 | -€15,173 | -396% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,830 | -€19,004 | -€15,173 | -396% |
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 24 October 2026 via checked.be.