BODY-CONCEPT: 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.
BODY-CONCEPT
Largest movements
- Receivables within one year -€297,543
down €297,543 (-51.3%), from €580,014 to €282,471
of which Trade receivables: -€298,343
- Cash +€89,271
up €89,271 (+301.0%), from €29,656 to €118,927
mainly Receivables within one year (+€297,543) and Trade debts (+€137,895)
- Stocks and contracts +€68,008
up €68,008 (+28.4%), from €239,834 to €307,842
- Deferred charges and accrued income -€9,782
down €9,782 (-85.1%), from €11,498 to €1,716
- Accrued charges and deferred income -€373,429
no longer reported in 2025 (was €373,429)
- Trade debts +€137,895
up €137,895 (+83.5%), from €165,228 to €303,122
- Profit (loss) carried forward +€120,206
up €120,206 (+83.8%), from -€143,392 to -€23,186
- Tax, wage and social debts -€74,877
down €74,877 (-47.0%), from €159,349 to €84,472
of which Taxes: -€77,176
- Current portion of long-term debt +€41,768
up €41,768 (+192.1%), from €21,743 to €63,511
- Gross operating margin +€89,609
up €89,609 (+18.0%), from €496,927 to €586,535
- Staff costs +€23,585
up €23,585 (+5.9%), from €402,071 to €425,656
- Financial charges -€10,451
down €10,451 (-40.2%), from €25,993 to €15,543
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 | €901,989 | €753,951 | -€148,038 | -16.4% |
| Fixed assets | 21/28 | €40,987 | €42,995 | +€2,008 | +4.9% |
| Tangible fixed assets | 22/27 | €40,987 | €42,995 | +€2,008 | +4.9% |
| Plant, machinery and equipment | 23 | €27,650 | €29,917 | +€2,267 | +8.2% |
| Furniture and vehicles | 24 | €13,337 | €9,019 | -€4,318 | -32.4% |
| Other tangible fixed assets | 26 | - | €4,060 | +€4,060 | |
| Current assets | 29/58 | €861,002 | €710,955 | -€150,046 | -17.4% |
| Stocks and contracts in progress | 3 | €239,834 | €307,842 | +€68,008 | +28.4% |
| Stocks | 30/36 | €239,834 | €307,842 | +€68,008 | +28.4% |
| Amounts receivable within one year | 40/41 | €580,014 | €282,471 | -€297,543 | -51.3% |
| Trade receivables | 40 | €579,939 | €281,596 | -€298,343 | -51.4% |
| Other amounts receivable | 41 | €75 | €875 | +€800 | +1068.2% |
| Cash at bank and in hand | 54/58 | €29,656 | €118,927 | +€89,271 | +301.0% |
| Deferred charges and accrued income | 490/1 | €11,498 | €1,716 | -€9,782 | -85.1% |
| Total equity and liabilities | 10/49 | €901,989 | €753,951 | -€148,038 | -16.4% |
| Equity | 10/15 | -€114,283 | €5,923 | +€120,206 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,509 | €10,509 | = | 0.0% |
| 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 | €8,649 | €8,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,392 | -€23,186 | +€120,206 | +83.8% |
| Amounts payable | 17/49 | €1,016,272 | €748,028 | -€268,244 | -26.4% |
| Amounts payable within one year | 42/48 | €642,843 | €748,028 | +€105,185 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €21,743 | €63,511 | +€41,768 | +192.1% |
| Financial debts | 43 | €275,000 | €275,000 | = | 0.0% |
| Credit institutions | 430/8 | €275,000 | €275,000 | = | 0.0% |
| Trade debts | 44 | €165,228 | €303,122 | +€137,895 | +83.5% |
| Suppliers | 440/4 | €165,228 | €303,122 | +€137,895 | +83.5% |
| Taxes, remuneration and social security | 45 | €159,349 | €84,472 | -€74,877 | -47.0% |
| Taxes | 450/3 | €104,038 | €26,863 | -€77,176 | -74.2% |
| Remuneration and social security | 454/9 | €55,311 | €57,609 | +€2,299 | +4.2% |
| Other amounts payable | 47/48 | €21,523 | €21,922 | +€399 | +1.9% |
| Accrued charges and deferred income | 492/3 | €373,429 | - | -€373,429 | |
| Remuneration, social security and pensions | 62 | €402,071 | €425,656 | +€23,585 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,175 | €17,766 | +€3,591 | +25.3% |
| Other operating charges | 640/8 | €3,596 | €7,647 | +€4,051 | +112.6% |
| Gross operating margin | 9900 | €496,927 | €586,535 | +€89,609 | +18.0% |
| Operating profit (loss) | 9901 | €77,085 | €135,467 | +€58,381 | +75.7% |
| Financial income | 75/76B | - | €286 | +€286 | |
| Recurring financial income | 75 | - | €286 | +€286 | |
| Financial charges | 65/66B | €25,993 | €15,543 | -€10,451 | -40.2% |
| Recurring financial charges | 65 | €25,993 | €15,543 | -€10,451 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €51,092 | €120,210 | +€69,118 | +135.3% |
| Income taxes | 67/77 | €247 | €4 | -€243 | -98.6% |
| Profit (loss) for the period | 9904 | €50,845 | €120,206 | +€69,361 | +136.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,845 | €120,206 | +€69,361 | +136.4% |
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 3 October 2026 via checked.be.