BELGIAN TRANSLATION CENTRE: 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.
BELGIAN TRANSLATION CENTRE
Largest movements
- Receivables within one year -€39,780
down €39,780 (-41.3%), from €96,305 to €56,525
of which Trade receivables: -€36,551
- Current investments -€27,754
down €27,754 (-39.5%), from €70,254 to €42,500
- Cash -€9,987
down €9,987 (-84.9%), from €11,758 to €1,771
mainly Net result for the year (-€66,539) and Investment in fixed assets (net) (-€10,185)
- Tangible fixed assets +€7,591
up €7,591 (+917%), from €828 to €8,419
of which Furniture and vehicles: +€8,419
- Deferred charges and accrued income +€7,285
up €7,285 (+433%), from €1,681 to €8,965
- Reserves -€66,539
down €66,539 (-53.8%), from €123,589 to €57,050
- Trade debts +€9,749
up €9,749 (+19.7%), from €49,455 to €59,204
- Tax, wage and social debts -€5,856
down €5,856 (-14.9%), from €39,182 to €33,326
of which Taxes: -€5,109
- Staff costs -€42,614
down €42,614 (-15.8%), from €270,219 to €227,605
- Gross operating margin -€25,196
down €25,196 (-13.6%), from €185,615 to €160,419
- Financial income +€2,119
up €2,119 (+86.3%), from €2,455 to €4,574
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 | €230,825 | €168,180 | -€62,645 | -27.1% |
| Fixed assets | 21/28 | €50,828 | €58,419 | +€7,591 | +14.9% |
| Tangible fixed assets | 22/27 | €828 | €8,419 | +€7,591 | +917% |
| Plant, machinery and equipment | 23 | €337 | €0 | -€337 | -100% |
| Furniture and vehicles | 24 | €0 | €8,419 | +€8,419 | |
| Other tangible fixed assets | 26 | €491 | €0 | -€491 | -100% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €179,998 | €109,761 | -€70,236 | -39.0% |
| Amounts receivable within one year | 40/41 | €96,305 | €56,525 | -€39,780 | -41.3% |
| Trade receivables | 40 | €89,081 | €52,530 | -€36,551 | -41.0% |
| Other amounts receivable | 41 | €7,224 | €3,995 | -€3,229 | -44.7% |
| Current investments | 50/53 | €70,254 | €42,500 | -€27,754 | -39.5% |
| Cash at bank and in hand | 54/58 | €11,758 | €1,771 | -€9,987 | -84.9% |
| Deferred charges and accrued income | 490/1 | €1,681 | €8,965 | +€7,285 | +433% |
| Total equity and liabilities | 10/49 | €230,825 | €168,180 | -€62,645 | -27.1% |
| Equity | 10/15 | €142,189 | €75,650 | -€66,539 | -46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,589 | €57,050 | -€66,539 | -53.8% |
| Distributable reserves | 133 | €123,589 | €57,050 | -€66,539 | -53.8% |
| Amounts payable | 17/49 | €88,636 | €92,530 | +€3,894 | +4.4% |
| Amounts payable within one year | 42/48 | €88,636 | €92,530 | +€3,894 | +4.4% |
| Trade debts | 44 | €49,455 | €59,204 | +€9,749 | +19.7% |
| Suppliers | 440/4 | €49,455 | €59,204 | +€9,749 | +19.7% |
| Taxes, remuneration and social security | 45 | €39,182 | €33,326 | -€5,856 | -14.9% |
| Taxes | 450/3 | €11,662 | €6,553 | -€5,109 | -43.8% |
| Remuneration and social security | 454/9 | €27,519 | €26,772 | -€747 | -2.7% |
| Remuneration, social security and pensions | 62 | €270,219 | €227,605 | -€42,614 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,085 | €2,594 | +€509 | +24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €883 | €654 | -€230 | -26.0% |
| Gross operating margin | 9900 | €185,615 | €160,419 | -€25,196 | -13.6% |
| Operating profit (loss) | 9901 | -€87,573 | -€70,434 | +€17,138 | +19.6% |
| Financial income | 75/76B | €2,455 | €4,574 | +€2,119 | +86.3% |
| Recurring financial income | 75 | €2,455 | €4,574 | +€2,119 | +86.3% |
| Financial charges | 65/66B | €189 | €679 | +€490 | +259% |
| Recurring financial charges | 65 | €189 | €679 | +€490 | +259% |
| Profit (loss) for the period before taxes | 9903 | -€85,307 | -€66,539 | +€18,768 | +22.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€85,307 | -€66,539 | +€18,768 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,307 | -€66,539 | +€18,768 | +22.0% |
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.