BELGIAN ROOTS: 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.
BELGIAN ROOTS
Largest movements
- Cash +€5,739
up €5,739 (+1930.2%), from €297 to €6,036
mainly Other debts (+€19,075) and Trade debts (+€10,754)
- Receivables within one year +€4,563
up €4,563 (+87.4%), from €5,220 to €9,783
of which Other amounts receivable: +€2,724
- Other debts +€19,075
up €19,075 (+112.2%), from €17,000 to €36,075
- Debts after one year -€18,049
down €18,049 (-11.5%), from €157,572 to €139,522
- Trade debts +€10,754
up €10,754 (+27.5%), from €39,153 to €49,907
- Tax, wage and social debts -€3,261
no longer reported in 2025 (was €3,261)
- Gross operating margin -€12,078
down €12,078 (-70.3%), from €17,175 to €5,097
- Other operating charges -€491
down €491 (-55.1%), from €891 to €400
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 | €305,517 | €315,819 | +€10,302 | +3.4% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €5,517 | €15,819 | +€10,302 | +186.7% |
| Amounts receivable within one year | 40/41 | €5,220 | €9,783 | +€4,563 | +87.4% |
| Trade receivables | 40 | €5,220 | €7,059 | +€1,839 | +35.2% |
| Other amounts receivable | 41 | - | €2,724 | +€2,724 | |
| Cash at bank and in hand | 54/58 | €297 | €6,036 | +€5,739 | +1930.2% |
| Total equity and liabilities | 10/49 | €305,517 | €315,819 | +€10,302 | +3.4% |
| Equity | 10/15 | €70,728 | €72,265 | +€1,537 | +2.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,728 | €12,265 | +€1,537 | +14.3% |
| Amounts payable | 17/49 | €234,789 | €243,554 | +€8,765 | +3.7% |
| Amounts payable after more than one year | 17 | €157,572 | €139,522 | -€18,049 | -11.5% |
| Financial debts | 170/4 | €157,572 | €139,522 | -€18,049 | -11.5% |
| Amounts payable within one year | 42/48 | €77,218 | €104,032 | +€26,814 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €17,804 | €18,049 | +€245 | +1.4% |
| Trade debts | 44 | €39,153 | €49,907 | +€10,754 | +27.5% |
| Suppliers | 440/4 | €39,153 | €49,907 | +€10,754 | +27.5% |
| Taxes, remuneration and social security | 45 | €3,261 | - | -€3,261 | |
| Taxes | 450/3 | €3,261 | - | -€3,261 | |
| Other amounts payable | 47/48 | €17,000 | €36,075 | +€19,075 | +112.2% |
| Other operating charges | 640/8 | €891 | €400 | -€491 | -55.1% |
| Gross operating margin | 9900 | €17,175 | €5,097 | -€12,078 | -70.3% |
| Operating profit (loss) | 9901 | €16,284 | €4,697 | -€11,587 | -71.2% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €3,258 | €3,177 | -€81 | -2.5% |
| Recurring financial charges | 65 | €3,258 | €3,177 | -€81 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €13,026 | €1,537 | -€11,489 | -88.2% |
| Profit (loss) for the period | 9904 | €13,026 | €1,537 | -€11,489 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,026 | €1,537 | -€11,489 | -88.2% |
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 6 October 2026 via checked.be.