BLUE 2 PURPLE: 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.
BLUE 2 PURPLE
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+222%), from €553,988 to €1.8m
of which Other amounts receivable: +€1.2m
- Cash -€1.1m
down €1.1m (-99.9%), from €1.1m to €612
mainly Receivables within one year (-€1.2m) and Trade debts (-€286,478)
- Deferred charges and accrued income -€235,963
down €235,963 (-83.4%), from €282,876 to €46,913
- Intangible fixed assets -€24,782
down €24,782 (-28.8%), from €86,000 to €61,218
- Trade debts -€286,478
down €286,478 (-37.6%), from €761,914 to €475,436
- Short-term financial debts +€259,603
up €259,603 (+1,410%), from €18,410 to €278,013
- Advances received -€246,854
down €246,854 (-50.6%), from €487,885 to €241,031
- Profit (loss) carried forward +€121,197
new in 2025: €121,197
- Tax, wage and social debts +€51,827
up €51,827 (+30.3%), from €171,222 to €223,049
of which Taxes: +€28,323
- Gross operating margin +€224,558
up €224,558 (+41.4%), from €542,618 to €767,176
- Taxes +€31,125
up €31,125 (+43.0%), from €72,443 to €103,568
- Financial income -€21,608
down €21,608 (-33.4%), from €64,741 to €43,133
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 | €2,029,425 | €1,891,067 | -€138,358 | -6.8% |
| Fixed assets | 21/28 | €88,588 | €61,644 | -€26,944 | -30.4% |
| Intangible fixed assets | 21 | €86,000 | €61,218 | -€24,782 | -28.8% |
| Tangible fixed assets | 22/27 | €2,538 | €376 | -€2,162 | -85.2% |
| Land and buildings | 22 | €2,077 | €317 | -€1,760 | -84.7% |
| Furniture and vehicles | 24 | €461 | €59 | -€402 | -87.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,940,837 | €1,829,423 | -€111,414 | -5.7% |
| Amounts receivable within one year | 40/41 | €553,988 | €1,781,898 | +€1.2m | +222% |
| Trade receivables | 40 | €509,085 | €517,747 | +€8,662 | +1.7% |
| Other amounts receivable | 41 | €44,903 | €1,264,151 | +€1.2m | +2,715% |
| Cash at bank and in hand | 54/58 | €1,103,973 | €612 | -€1.1m | -99.9% |
| Deferred charges and accrued income | 490/1 | €282,876 | €46,913 | -€235,963 | -83.4% |
| Total equity and liabilities | 10/49 | €2,029,425 | €1,891,067 | -€138,358 | -6.8% |
| Equity | 10/15 | €326,704 | €447,901 | +€121,197 | +37.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €226,704 | €226,704 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €216,704 | €216,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €121,197 | +€121,197 | |
| Amounts payable | 17/49 | €1,702,721 | €1,443,166 | -€259,555 | -15.2% |
| Amounts payable within one year | 42/48 | €1,651,609 | €1,431,625 | -€219,984 | -13.3% |
| Financial debts | 43 | €18,410 | €278,013 | +€259,603 | +1,410% |
| Credit institutions | 430/8 | €18,410 | €278,013 | +€259,603 | +1,410% |
| Trade debts | 44 | €761,914 | €475,436 | -€286,478 | -37.6% |
| Suppliers | 440/4 | €761,914 | €475,436 | -€286,478 | -37.6% |
| Advances received on contracts in progress | 46 | €487,885 | €241,031 | -€246,854 | -50.6% |
| Taxes, remuneration and social security | 45 | €171,222 | €223,049 | +€51,827 | +30.3% |
| Taxes | 450/3 | €142,805 | €171,128 | +€28,323 | +19.8% |
| Remuneration and social security | 454/9 | €28,417 | €51,921 | +€23,504 | +82.7% |
| Other amounts payable | 47/48 | €212,178 | €214,096 | +€1,918 | +0.9% |
| Accrued charges and deferred income | 492/3 | €51,112 | €11,541 | -€39,571 | -77.4% |
| Non-recurring operating income | 76A | - | €67 | +€67 | |
| Remuneration, social security and pensions | 62 | €327,344 | €324,827 | -€2,517 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,113 | €45,838 | -€275 | -0.6% |
| Other operating charges | 640/8 | €7,213 | €6,654 | -€559 | -7.7% |
| Gross operating margin | 9900 | €542,618 | €767,176 | +€224,558 | +41.4% |
| Operating profit (loss) | 9901 | €161,948 | €389,857 | +€227,909 | +141% |
| Financial income | 75/76B | €64,741 | €43,133 | -€21,608 | -33.4% |
| Recurring financial income | 75 | €64,741 | €43,133 | -€21,608 | -33.4% |
| Financial charges | 65/66B | €6,980 | €8,225 | +€1,245 | +17.8% |
| Recurring financial charges | 65 | €6,980 | €8,225 | +€1,245 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €219,709 | €424,765 | +€205,056 | +93.3% |
| Income taxes | 67/77 | €72,443 | €103,568 | +€31,125 | +43.0% |
| Profit (loss) for the period | 9904 | €147,266 | €321,197 | +€173,931 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €147,266 | €321,197 | +€173,931 | +118% |
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 31 October 2026 via checked.be.