Backstage & Beyond: 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.
Backstage & Beyond
Largest movements
- Tangible fixed assets +€412,035
up €412,035 (+64114.0%), from €643 to €412,677
of which Land and buildings: +€340,389
- Cash -€92,653
down €92,653 (-35.5%), from €260,738 to €168,084
mainly Investment in fixed assets (net) (-€446,379) and Receivables within one year (-€55,611)
- Receivables within one year +€55,611
up €55,611 (+102.2%), from €54,393 to €110,004
of which Trade receivables: +€46,546
- Debts after one year +€226,245
new in 2025: €226,245
of which Financial debts: +€223,365
- Reserves +€86,300
up €86,300 (+28.1%), from €307,550 to €393,850
- Tax, wage and social debts +€40,909
up €40,909 (+857.9%), from €4,769 to €45,678
of which Taxes: +€40,895
- Current portion of long-term debt +€13,123
new in 2025: €13,123
- Depreciation +€34,153
up €34,153 (+17827.9%), from €192 to €34,344
- Gross operating margin -€16,750
down €16,750 (-8.8%), from €191,138 to €174,388
- Taxes -€15,683
down €15,683 (-27.5%), from €56,991 to €41,308
- Financial charges +€5,613
up €5,613 (+4158.1%), from €135 to €5,748
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 | €330,773 | €704,777 | +€374,004 | +113.1% |
| Fixed assets | 21/28 | €643 | €412,677 | +€412,035 | +64114.0% |
| Tangible fixed assets | 22/27 | €643 | €412,677 | +€412,035 | +64114.0% |
| Land and buildings | 22 | - | €340,389 | +€340,389 | |
| Plant, machinery and equipment | 23 | €276 | €2,203 | +€1,927 | +697.4% |
| Furniture and vehicles | 24 | €366 | €60,758 | +€60,392 | +16483.9% |
| Other tangible fixed assets | 26 | - | €9,327 | +€9,327 | |
| Current assets | 29/58 | €330,131 | €292,100 | -€38,031 | -11.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €10,297 | -€4,703 | -31.4% |
| Other amounts receivable | 291 | €15,000 | €10,297 | -€4,703 | -31.4% |
| Amounts receivable within one year | 40/41 | €54,393 | €110,004 | +€55,611 | +102.2% |
| Trade receivables | 40 | €54,096 | €100,642 | +€46,546 | +86.0% |
| Other amounts receivable | 41 | €297 | €9,362 | +€9,066 | +3055.4% |
| Cash at bank and in hand | 54/58 | €260,738 | €168,084 | -€92,653 | -35.5% |
| Deferred charges and accrued income | 490/1 | - | €3,715 | +€3,715 | |
| Total equity and liabilities | 10/49 | €330,773 | €704,777 | +€374,004 | +113.1% |
| Equity | 10/15 | €313,581 | €399,911 | +€86,330 | +27.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €307,550 | €393,850 | +€86,300 | +28.1% |
| Distributable reserves | 133 | €307,550 | €393,850 | +€86,300 | +28.1% |
| Profit (loss) carried forward | 14 | €31 | €61 | +€30 | +94.9% |
| Amounts payable | 17/49 | €17,192 | €304,867 | +€287,675 | +1673.3% |
| Amounts payable after more than one year | 17 | - | €226,245 | +€226,245 | |
| Financial debts | 170/4 | - | €223,365 | +€223,365 | |
| Other amounts payable | 178/9 | - | €2,880 | +€2,880 | |
| Amounts payable within one year | 42/48 | €17,192 | €78,622 | +€61,429 | +357.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,123 | +€13,123 | |
| Trade debts | 44 | €669 | €7,004 | +€6,336 | +947.4% |
| Suppliers | 440/4 | €669 | €7,004 | +€6,336 | +947.4% |
| Taxes, remuneration and social security | 45 | €4,769 | €45,678 | +€40,909 | +857.9% |
| Taxes | 450/3 | €2,291 | €43,186 | +€40,895 | +1785.3% |
| Remuneration and social security | 454/9 | €2,478 | €2,492 | +€14 | +0.6% |
| Other amounts payable | 47/48 | €11,755 | €12,816 | +€1,061 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €34,344 | +€34,153 | +17827.9% |
| Other operating charges | 640/8 | €347 | €1,279 | +€932 | +268.6% |
| Non-recurring operating charges | 66A | - | €8,005 | +€8,005 | |
| Gross operating margin | 9900 | €191,138 | €174,388 | -€16,750 | -8.8% |
| Operating profit (loss) | 9901 | €190,600 | €130,759 | -€59,840 | -31.4% |
| Financial income | 75/76B | €1,031 | €2,627 | +€1,596 | +154.7% |
| Recurring financial income | 75 | €1,031 | €2,627 | +€1,596 | +154.7% |
| Financial charges | 65/66B | €135 | €5,748 | +€5,613 | +4158.1% |
| Recurring financial charges | 65 | €135 | €5,748 | +€5,613 | +4158.1% |
| Profit (loss) for the period before taxes | 9903 | €191,496 | €127,638 | -€63,858 | -33.3% |
| Income taxes | 67/77 | €56,991 | €41,308 | -€15,683 | -27.5% |
| Profit (loss) for the period | 9904 | €134,505 | €86,330 | -€48,175 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €134,505 | €86,330 | -€48,175 | -35.8% |
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 9 October 2026 via checked.be.