BIG RETURN: 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.
BIG RETURN
Largest movements
- Receivables within one year +€43,827
up €43,827 (+73.3%), from €59,825 to €103,652
of which Trade receivables: +€39,730
- Deferred charges and accrued income -€17,957
down €17,957 (-69.9%), from €25,687 to €7,730
- Cash +€3,805
up €3,805 (+14.1%), from €27,067 to €30,872
mainly Deferred charges and accrued income (+€17,957) and Net result for the year (+€16,140)
- Intangible fixed assets -€3,463
down €3,463 (-18.5%), from €18,706 to €15,243
- Tangible fixed assets -€3,182
down €3,182 (-36.3%), from €8,761 to €5,579
- Reserves +€16,140
up €16,140 (+30.1%), from €53,656 to €69,796
of which Distributable reserves: +€16,140
- Accrued charges and deferred income +€13,480
new in 2025: €13,480
- Current portion of long-term debt -€8,573
down €8,573 (-68.5%), from €12,514 to €3,941
- Tax, wage and social debts +€7,822
up €7,822 (+163%), from €4,790 to €12,612
of which Remuneration and social security: +€3,956
- Trade debts -€4,973
down €4,973 (-10.0%), from €49,938 to €44,965
- Gross operating margin +€29,064
up €29,064 (+47.4%), from €61,353 to €90,417
- Staff costs +€9,393
up €9,393 (+25.3%), from €37,068 to €46,461
- Financial income -€6,971
no longer reported in 2025 (was €6,971)
- Taxes +€3,866
new in 2025: €3,866
- Financial charges -€3,088
down €3,088 (-19.9%), from €15,507 to €12,419
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 | €140,363 | €163,394 | +€23,031 | +16.4% |
| Fixed assets | 21/28 | €27,784 | €21,139 | -€6,645 | -23.9% |
| Intangible fixed assets | 21 | €18,706 | €15,243 | -€3,463 | -18.5% |
| Tangible fixed assets | 22/27 | €8,761 | €5,579 | -€3,182 | -36.3% |
| Furniture and vehicles | 24 | €8,761 | €5,579 | -€3,182 | -36.3% |
| Financial fixed assets | 28 | €317 | €317 | -€0 | -0.1% |
| Current assets | 29/58 | €112,579 | €142,254 | +€29,675 | +26.4% |
| Amounts receivable within one year | 40/41 | €59,825 | €103,652 | +€43,827 | +73.3% |
| Trade receivables | 40 | €45,784 | €85,514 | +€39,730 | +86.8% |
| Other amounts receivable | 41 | €14,041 | €18,138 | +€4,097 | +29.2% |
| Cash at bank and in hand | 54/58 | €27,067 | €30,872 | +€3,805 | +14.1% |
| Deferred charges and accrued income | 490/1 | €25,687 | €7,730 | -€17,957 | -69.9% |
| Total equity and liabilities | 10/49 | €140,363 | €163,394 | +€23,031 | +16.4% |
| Equity | 10/15 | €72,256 | €88,396 | +€16,140 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,656 | €69,796 | +€16,140 | +30.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,796 | €67,936 | +€16,140 | +31.2% |
| Amounts payable | 17/49 | €68,107 | €74,998 | +€6,891 | +10.1% |
| Amounts payable after more than one year | 17 | €865 | - | -€865 | |
| Financial debts | 170/4 | €865 | - | -€865 | |
| Amounts payable within one year | 42/48 | €67,242 | €61,518 | -€5,724 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €12,514 | €3,941 | -€8,573 | -68.5% |
| Trade debts | 44 | €49,938 | €44,965 | -€4,973 | -10.0% |
| Suppliers | 440/4 | €49,938 | €44,965 | -€4,973 | -10.0% |
| Taxes, remuneration and social security | 45 | €4,790 | €12,612 | +€7,822 | +163% |
| Taxes | 450/3 | - | €3,866 | +€3,866 | |
| Remuneration and social security | 454/9 | €4,790 | €8,746 | +€3,956 | +82.6% |
| Accrued charges and deferred income | 492/3 | - | €13,480 | +€13,480 | |
| Non-recurring operating income | 76A | €6 | €1,879 | +€1,873 | +31,223% |
| Remuneration, social security and pensions | 62 | €37,068 | €46,461 | +€9,393 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,844 | €10,035 | +€191 | +1.9% |
| Other operating charges | 640/8 | €455 | €1,481 | +€1,026 | +225% |
| Non-recurring operating charges | 66A | €150 | €16 | -€134 | -89.5% |
| Gross operating margin | 9900 | €61,353 | €90,417 | +€29,064 | +47.4% |
| Operating profit (loss) | 9901 | €13,836 | €32,425 | +€18,589 | +134% |
| Financial income | 75/76B | €6,971 | - | -€6,971 | |
| Recurring financial income | 75 | €6,971 | - | -€6,971 | |
| Financial charges | 65/66B | €15,507 | €12,419 | -€3,088 | -19.9% |
| Recurring financial charges | 65 | €15,507 | €12,419 | -€3,088 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €5,300 | €20,006 | +€14,706 | +277% |
| Income taxes | 67/77 | - | €3,866 | +€3,866 | |
| Profit (loss) for the period | 9904 | €5,300 | €16,140 | +€10,840 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €5,300 | €16,140 | +€10,840 | +205% |
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 15 October 2026 via checked.be.