BIG V: 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 V
Largest movements
- Cash +€31,939
up €31,939 (+7.6%), from €417,524 to €449,463
mainly Net result for the year (+€237,726) and Trade debts (+€7,412)
- Reserves +€231,894
up €231,894 (+33.8%), from €686,183 to €918,077
- Other debts -€168,116
down €168,116 (-95.0%), from €177,031 to €8,915
- Tax, wage and social debts -€39,632
down €39,632 (-52.9%), from €74,970 to €35,338
of which Taxes: -€40,585
- Gross operating margin +€34,077
up €34,077 (+8.3%), from €410,346 to €444,422
- Financial income +€17,776
up €17,776 (+3,868%), from €460 to €18,236
- Taxes +€16,046
up €16,046 (+17.4%), from €92,304 to €108,350
- Write-downs -€5,025
no longer reported in 2025 (was €5,025)
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 | €960,458 | €992,016 | +€31,558 | +3.3% |
| Fixed assets | 21/28 | €23,361 | €17,170 | -€6,191 | -26.5% |
| Tangible fixed assets | 22/27 | €23,361 | €17,170 | -€6,191 | -26.5% |
| Plant, machinery and equipment | 23 | €2,119 | €980 | -€1,139 | -53.7% |
| Furniture and vehicles | 24 | €21,241 | €16,190 | -€5,052 | -23.8% |
| Current assets | 29/58 | €937,098 | €974,846 | +€37,749 | +4.0% |
| Amounts receivable within one year | 40/41 | €65,869 | €69,692 | +€3,823 | +5.8% |
| Trade receivables | 40 | €58,453 | €57,227 | -€1,226 | -2.1% |
| Other amounts receivable | 41 | €7,416 | €12,465 | +€5,049 | +68.1% |
| Current investments | 50/53 | €452,000 | €452,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €417,524 | €449,463 | +€31,939 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,705 | €3,692 | +€1,987 | +117% |
| Total equity and liabilities | 10/49 | €960,458 | €992,016 | +€31,558 | +3.3% |
| Equity | 10/15 | €704,783 | €936,677 | +€231,894 | +32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €686,183 | €918,077 | +€231,894 | +33.8% |
| Distributable reserves | 133 | €686,183 | €918,077 | +€231,894 | +33.8% |
| Amounts payable | 17/49 | €255,675 | €55,339 | -€200,336 | -78.4% |
| Amounts payable within one year | 42/48 | €255,675 | €55,339 | -€200,336 | -78.4% |
| Trade debts | 44 | €3,675 | €11,087 | +€7,412 | +202% |
| Suppliers | 440/4 | €3,675 | €11,087 | +€7,412 | +202% |
| Taxes, remuneration and social security | 45 | €74,970 | €35,338 | -€39,632 | -52.9% |
| Taxes | 450/3 | €63,510 | €22,925 | -€40,585 | -63.9% |
| Remuneration and social security | 454/9 | €11,459 | €12,413 | +€953 | +8.3% |
| Other amounts payable | 47/48 | €177,031 | €8,915 | -€168,116 | -95.0% |
| Remuneration, social security and pensions | 62 | €99,731 | €103,389 | +€3,658 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,589 | €6,191 | +€2,602 | +72.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,025 | - | -€5,025 | |
| Other operating charges | 640/8 | €5,085 | €6,758 | +€1,673 | +32.9% |
| Gross operating margin | 9900 | €410,346 | €444,422 | +€34,077 | +8.3% |
| Operating profit (loss) | 9901 | €296,916 | €328,085 | +€31,169 | +10.5% |
| Financial income | 75/76B | €460 | €18,236 | +€17,776 | +3,868% |
| Recurring financial income | 75 | €460 | €18,236 | +€17,776 | +3,868% |
| Financial charges | 65/66B | €112 | €245 | +€133 | +119% |
| Recurring financial charges | 65 | €112 | €245 | +€133 | +119% |
| Profit (loss) for the period before taxes | 9903 | €297,264 | €346,076 | +€48,813 | +16.4% |
| Income taxes | 67/77 | €92,304 | €108,350 | +€16,046 | +17.4% |
| Profit (loss) for the period | 9904 | €204,959 | €237,726 | +€32,767 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €204,959 | €237,726 | +€32,767 | +16.0% |
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.