Behind The Scene: 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.
Behind The Scene
Largest movements
- Receivables within one year +€27,497
up €27,497 (+50.8%), from €54,164 to €81,661
of which Other amounts receivable: +€16,493
- Stocks and contracts -€14,971
no longer reported in 2025 (was €14,971)
of which Contracts in progress: -€12,461
- Deferred charges and accrued income -€7,719
no longer reported in 2025 (was €7,719)
- Tangible fixed assets -€3,102
down €3,102 (-38.1%), from €8,142 to €5,041
of which Plant, machinery and equipment: -€1,650
- Short-term financial debts +€7,160
up €7,160 (+95.8%), from €7,477 to €14,637
- Tax, wage and social debts -€6,529
down €6,529 (-53.5%), from €12,200 to €5,672
- Profit (loss) carried forward +€6,036
up €6,036 (+85.7%), from -€7,047 to -€1,011
- Trade debts -€4,962
down €4,962 (-51.0%), from €9,727 to €4,765
- Gross operating margin +€14,873
up €14,873 (+1,720%), from €865 to €15,737
- Taxes +€2,716
up €2,716 (+235%), from €1,157 to €3,874
- Depreciation +€1,003
up €1,003 (+47.8%), from €2,098 to €3,102
- Staff costs -€856
down €856 (-30.0%), from €2,855 to €2,000
- Financial income +€563
up €563 (+24.5%), from €2,296 to €2,858
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,996 | €86,702 | +€1,706 | +2.0% |
| Fixed assets | 21/28 | €8,142 | €5,041 | -€3,102 | -38.1% |
| Tangible fixed assets | 22/27 | €8,142 | €5,041 | -€3,102 | -38.1% |
| Plant, machinery and equipment | 23 | €5,367 | €3,717 | -€1,650 | -30.7% |
| Furniture and vehicles | 24 | €2,775 | €1,323 | -€1,452 | -52.3% |
| Current assets | 29/58 | €76,854 | €81,661 | +€4,807 | +6.3% |
| Stocks and contracts in progress | 3 | €14,971 | - | -€14,971 | |
| Stocks | 30/36 | €2,510 | - | -€2,510 | |
| Contracts in progress | 37 | €12,461 | - | -€12,461 | |
| Amounts receivable within one year | 40/41 | €54,164 | €81,661 | +€27,497 | +50.8% |
| Trade receivables | 40 | €7,739 | €18,742 | +€11,004 | +142% |
| Other amounts receivable | 41 | €46,426 | €62,919 | +€16,493 | +35.5% |
| Deferred charges and accrued income | 490/1 | €7,719 | - | -€7,719 | |
| Total equity and liabilities | 10/49 | €84,996 | €86,702 | +€1,706 | +2.0% |
| Equity | 10/15 | €55,592 | €61,629 | +€6,036 | +10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,439 | €56,439 | = | 0.0% |
| Distributable reserves | 133 | €56,439 | €56,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,047 | -€1,011 | +€6,036 | +85.7% |
| Amounts payable | 17/49 | €29,404 | €25,073 | -€4,331 | -14.7% |
| Amounts payable within one year | 42/48 | €29,404 | €25,073 | -€4,331 | -14.7% |
| Financial debts | 43 | €7,477 | €14,637 | +€7,160 | +95.8% |
| Credit institutions | 430/8 | €7,477 | €14,637 | +€7,160 | +95.8% |
| Trade debts | 44 | €9,727 | €4,765 | -€4,962 | -51.0% |
| Suppliers | 440/4 | €9,727 | €4,765 | -€4,962 | -51.0% |
| Taxes, remuneration and social security | 45 | €12,200 | €5,672 | -€6,529 | -53.5% |
| Taxes | 450/3 | €12,200 | €5,672 | -€6,529 | -53.5% |
| Remuneration, social security and pensions | 62 | €2,855 | €2,000 | -€856 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,098 | €3,102 | +€1,003 | +47.8% |
| Other operating charges | 640/8 | €1,562 | €1,014 | -€548 | -35.1% |
| Gross operating margin | 9900 | €865 | €15,737 | +€14,873 | +1,720% |
| Operating profit (loss) | 9901 | -€5,651 | €9,622 | +€15,273 | |
| Financial income | 75/76B | €2,296 | €2,858 | +€563 | +24.5% |
| Recurring financial income | 75 | €2,296 | €2,858 | +€563 | +24.5% |
| Financial charges | 65/66B | €2,534 | €2,571 | +€37 | +1.5% |
| Recurring financial charges | 65 | €2,534 | €2,571 | +€37 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,889 | €9,910 | +€15,799 | |
| Income taxes | 67/77 | €1,157 | €3,874 | +€2,716 | +235% |
| Profit (loss) for the period | 9904 | -€7,047 | €6,036 | +€13,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,047 | €6,036 | +€13,083 |
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 16 October 2026 via checked.be.