BOEKSTAPPERS: 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.
BOEKSTAPPERS
Largest movements
- Stocks and contracts +€8,602
up €8,602 (+22.5%), from €38,219 to €46,820
- Tangible fixed assets +€8,430
up €8,430 (+887%), from €950 to €9,380
of which Plant, machinery and equipment: +€6,039
- Receivables within one year -€3,779
down €3,779 (-24.7%), from €15,295 to €11,516
of which Trade receivables: -€3,999
- Cash -€2,990
down €2,990 (-52.8%), from €5,664 to €2,674
mainly Investment in fixed assets (net) (-€29,444) and Trade debts (-€9,799)
- Debts after one year +€14,139
new in 2025: €14,139
- Trade debts -€9,799
down €9,799 (-38.1%), from €25,695 to €15,896
- Current portion of long-term debt +€8,449
new in 2025: €8,449
- Other debts -€3,138
down €3,138 (-37.1%), from €8,468 to €5,329
- Reserves -€1,325
down €1,325 (-1.8%), from €71,840 to €70,515
- Depreciation +€5,738
up €5,738 (+34.9%), from €16,420 to €22,158
- Gross operating margin -€4,375
down €4,375 (-16.5%), from €26,573 to €22,198
- Taxes -€1,672
down €1,672 (-100%), from €1,672 to €0
- Financial charges +€487
up €487 (+162%), from €301 to €788
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 | €117,674 | €125,999 | +€8,325 | +7.1% |
| Fixed assets | 21/28 | €56,950 | €64,236 | +€7,286 | +12.8% |
| Intangible fixed assets | 21 | €55,969 | €54,826 | -€1,144 | -2.0% |
| Tangible fixed assets | 22/27 | €950 | €9,380 | +€8,430 | +887% |
| Plant, machinery and equipment | 23 | - | €6,039 | +€6,039 | |
| Furniture and vehicles | 24 | €950 | €3,340 | +€2,390 | +252% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €60,724 | €61,763 | +€1,039 | +1.7% |
| Stocks and contracts in progress | 3 | €38,219 | €46,820 | +€8,602 | +22.5% |
| Stocks | 30/36 | €38,219 | €46,820 | +€8,602 | +22.5% |
| Amounts receivable within one year | 40/41 | €15,295 | €11,516 | -€3,779 | -24.7% |
| Trade receivables | 40 | €14,631 | €10,632 | -€3,999 | -27.3% |
| Other amounts receivable | 41 | €664 | €884 | +€220 | +33.2% |
| Cash at bank and in hand | 54/58 | €5,664 | €2,674 | -€2,990 | -52.8% |
| Deferred charges and accrued income | 490/1 | €1,546 | €753 | -€793 | -51.3% |
| Total equity and liabilities | 10/49 | €117,674 | €125,999 | +€8,325 | +7.1% |
| Equity | 10/15 | €81,840 | €80,515 | -€1,325 | -1.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €71,840 | €70,515 | -€1,325 | -1.8% |
| Distributable reserves | 133 | €71,840 | €70,515 | -€1,325 | -1.8% |
| Amounts payable | 17/49 | €35,834 | €45,484 | +€9,651 | +26.9% |
| Amounts payable after more than one year | 17 | - | €14,139 | +€14,139 | |
| Financial debts | 170/4 | - | €14,139 | +€14,139 | |
| Amounts payable within one year | 42/48 | €35,834 | €31,345 | -€4,489 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,449 | +€8,449 | |
| Trade debts | 44 | €25,695 | €15,896 | -€9,799 | -38.1% |
| Suppliers | 440/4 | €25,695 | €15,896 | -€9,799 | -38.1% |
| Taxes, remuneration and social security | 45 | €1,672 | €1,672 | = | 0.0% |
| Taxes | 450/3 | €1,672 | €1,672 | = | 0.0% |
| Other amounts payable | 47/48 | €8,468 | €5,329 | -€3,138 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,420 | €22,158 | +€5,738 | +34.9% |
| Other operating charges | 640/8 | €449 | €599 | +€150 | +33.3% |
| Gross operating margin | 9900 | €26,573 | €22,198 | -€4,375 | -16.5% |
| Operating profit (loss) | 9901 | €9,703 | -€559 | -€10,262 | |
| Financial income | 75/76B | €2 | €21 | +€19 | +809% |
| Recurring financial income | 75 | €2 | €21 | +€19 | +809% |
| Financial charges | 65/66B | €301 | €788 | +€487 | +162% |
| Recurring financial charges | 65 | €301 | €788 | +€487 | +162% |
| Profit (loss) for the period before taxes | 9903 | €9,404 | -€1,325 | -€10,730 | |
| Income taxes | 67/77 | €1,672 | €0 | -€1,672 | -100% |
| Profit (loss) for the period | 9904 | €7,733 | -€1,325 | -€9,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,733 | -€1,325 | -€9,058 |
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 19 October 2026 via checked.be.