BOOK-IN: 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.
BOOK-IN
Largest movements
- Receivables within one year -€13,442
down €13,442 (-15.2%), from €88,622 to €75,181
of which Other amounts receivable: -€16,923
- Cash -€12,342
down €12,342 (-55.1%), from €22,381 to €10,039
mainly Trade debts (-€24,008) and Current portion of long-term debt (-€11,725)
- Tangible fixed assets -€7,595
down €7,595 (-28.6%), from €26,585 to €18,991
of which Leasing and similar rights: -€7,380
- Intangible fixed assets -€6,836
down €6,836 (-20.0%), from €34,262 to €27,426
- Deferred charges and accrued income -€1,948
down €1,948 (-100%), from €1,948 to €0
- Trade debts -€24,008
down €24,008 (-90.9%), from €26,414 to €2,406
- Current portion of long-term debt -€11,725
down €11,725 (-63.8%), from €18,367 to €6,642
- Debts after one year -€6,642
down €6,642 (-38.6%), from €17,208 to €10,566
- Accrued charges and deferred income +€3,997
new in 2025: €3,997
- Tax, wage and social debts -€2,084
down €2,084 (-4.3%), from €48,448 to €46,364
of which Taxes: -€3,324
- Staff costs +€26,534
up €26,534 (+12.6%), from €209,968 to €236,502
- Financial income +€14,049
up €14,049 (+957%), from €1,468 to €15,517
of which Non-recurring financial income: +€13,804
- Gross operating margin +€7,682
up €7,682 (+3.3%), from €232,036 to €239,718
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 | €173,832 | €131,669 | -€42,163 | -24.3% |
| Fixed assets | 21/28 | €60,880 | €46,449 | -€14,431 | -23.7% |
| Intangible fixed assets | 21 | €34,262 | €27,426 | -€6,836 | -20.0% |
| Tangible fixed assets | 22/27 | €26,585 | €18,991 | -€7,595 | -28.6% |
| Furniture and vehicles | 24 | €605 | €390 | -€215 | -35.5% |
| Leasing and similar rights | 25 | €25,980 | €18,601 | -€7,380 | -28.4% |
| Financial fixed assets | 28 | €32 | €32 | = | 0.0% |
| Current assets | 29/58 | €112,951 | €85,219 | -€27,732 | -24.6% |
| Amounts receivable within one year | 40/41 | €88,622 | €75,181 | -€13,442 | -15.2% |
| Trade receivables | 40 | €50,450 | €53,932 | +€3,481 | +6.9% |
| Other amounts receivable | 41 | €38,172 | €21,249 | -€16,923 | -44.3% |
| Cash at bank and in hand | 54/58 | €22,381 | €10,039 | -€12,342 | -55.1% |
| Deferred charges and accrued income | 490/1 | €1,948 | €0 | -€1,948 | -100% |
| Total equity and liabilities | 10/49 | €173,832 | €131,669 | -€42,163 | -24.3% |
| Equity | 10/15 | €56,595 | €56,465 | -€130 | -0.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €63,150 | €63,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,555 | -€7,685 | -€130 | -1.7% |
| Amounts payable | 17/49 | €117,237 | €75,204 | -€42,033 | -35.9% |
| Amounts payable after more than one year | 17 | €17,208 | €10,566 | -€6,642 | -38.6% |
| Financial debts | 170/4 | €17,208 | €10,566 | -€6,642 | -38.6% |
| Amounts payable within one year | 42/48 | €100,029 | €60,641 | -€39,388 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €18,367 | €6,642 | -€11,725 | -63.8% |
| Trade debts | 44 | €26,414 | €2,406 | -€24,008 | -90.9% |
| Suppliers | 440/4 | €26,414 | €2,406 | -€24,008 | -90.9% |
| Taxes, remuneration and social security | 45 | €48,448 | €46,364 | -€2,084 | -4.3% |
| Taxes | 450/3 | €12,355 | €9,031 | -€3,324 | -26.9% |
| Remuneration and social security | 454/9 | €36,093 | €37,333 | +€1,239 | +3.4% |
| Other amounts payable | 47/48 | €6,800 | €5,229 | -€1,571 | -23.1% |
| Accrued charges and deferred income | 492/3 | - | €3,997 | +€3,997 | |
| Remuneration, social security and pensions | 62 | €209,968 | €236,502 | +€26,534 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,700 | €14,431 | -€269 | -1.8% |
| Other operating charges | 640/8 | €4,050 | €2,210 | -€1,840 | -45.4% |
| Gross operating margin | 9900 | €232,036 | €239,718 | +€7,682 | +3.3% |
| Operating profit (loss) | 9901 | €3,318 | -€13,425 | -€16,743 | |
| Financial income | 75/76B | €1,468 | €15,517 | +€14,049 | +957% |
| Recurring financial income | 75 | €1,468 | €1,714 | +€245 | +16.7% |
| Non-recurring financial income | 76B | - | €13,804 | +€13,804 | |
| Financial charges | 65/66B | €2,797 | €1,905 | -€891 | -31.9% |
| Recurring financial charges | 65 | €2,797 | €1,905 | -€891 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €1,989 | €187 | -€1,802 | -90.6% |
| Income taxes | 67/77 | €564 | €317 | -€247 | -43.8% |
| Profit (loss) for the period | 9904 | €1,425 | -€130 | -€1,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,425 | -€130 | -€1,555 |
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 16 October 2026 via checked.be.