BookAdvice: 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.
BookAdvice
Largest movements
- Tangible fixed assets -€38,277
down €38,277 (-7.4%), from €515,874 to €477,596
of which Furniture and vehicles: -€40,562
- Receivables within one year +€18,752
up €18,752 (+30.0%), from €62,547 to €81,299
of which Trade receivables: +€20,995
- Cash -€10,734
down €10,734 (-9.9%), from €108,791 to €98,057
mainly Contributions, distributions and other (-€45,245) and Debts after one year (-€44,751)
- Debts after one year -€44,751
down €44,751 (-11.6%), from €386,771 to €342,020
- Reserves +€20,078
up €20,078 (+10.0%), from €201,500 to €221,578
- Tax, wage and social debts +€7,105
up €7,105 (+41.0%), from €17,320 to €24,425
of which Remuneration and social security: +€5,024
- Staff costs +€51,749
up €51,749 (+110.2%), from €46,943 to €98,691
- Gross operating margin +€45,782
up €45,782 (+20.3%), from €225,343 to €271,125
- Depreciation -€16,629
down €16,629 (-23.2%), from €71,603 to €54,974
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 | €704,174 | €686,241 | -€17,933 | -2.5% |
| Fixed assets | 21/28 | €515,874 | €477,596 | -€38,277 | -7.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €515,874 | €477,596 | -€38,277 | -7.4% |
| Land and buildings | 22 | €415,600 | €418,182 | +€2,582 | +0.6% |
| Furniture and vehicles | 24 | €99,083 | €58,522 | -€40,562 | -40.9% |
| Other tangible fixed assets | 26 | €1,190 | €893 | -€298 | -25.0% |
| Current assets | 29/58 | €188,300 | €208,644 | +€20,344 | +10.8% |
| Stocks and contracts in progress | 3 | €16,754 | €22,342 | +€5,588 | +33.4% |
| Contracts in progress | 37 | €16,754 | €22,342 | +€5,588 | +33.4% |
| Amounts receivable within one year | 40/41 | €62,547 | €81,299 | +€18,752 | +30.0% |
| Trade receivables | 40 | €60,304 | €81,299 | +€20,995 | +34.8% |
| Other amounts receivable | 41 | €2,243 | - | -€2,243 | |
| Cash at bank and in hand | 54/58 | €108,791 | €98,057 | -€10,734 | -9.9% |
| Deferred charges and accrued income | 490/1 | €208 | €6,946 | +€6,738 | +3232.1% |
| Total equity and liabilities | 10/49 | €704,174 | €686,241 | -€17,933 | -2.5% |
| Equity | 10/15 | €209,000 | €229,078 | +€20,078 | +9.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €201,500 | €221,578 | +€20,078 | +10.0% |
| Distributable reserves | 133 | €201,500 | €221,578 | +€20,078 | +10.0% |
| Amounts payable | 17/49 | €495,174 | €457,162 | -€38,011 | -7.7% |
| Amounts payable after more than one year | 17 | €386,771 | €342,020 | -€44,751 | -11.6% |
| Financial debts | 170/4 | €386,771 | €342,020 | -€44,751 | -11.6% |
| Amounts payable within one year | 42/48 | €108,403 | €115,142 | +€6,739 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €44,880 | €44,751 | -€130 | -0.3% |
| Trade debts | 44 | €35,097 | €35,799 | +€702 | +2.0% |
| Suppliers | 440/4 | €35,097 | €35,799 | +€702 | +2.0% |
| Taxes, remuneration and social security | 45 | €17,320 | €24,425 | +€7,105 | +41.0% |
| Taxes | 450/3 | €12,610 | €14,691 | +€2,081 | +16.5% |
| Remuneration and social security | 454/9 | €4,710 | €9,734 | +€5,024 | +106.7% |
| Other amounts payable | 47/48 | €11,106 | €10,167 | -€939 | -8.5% |
| Remuneration, social security and pensions | 62 | €46,943 | €98,691 | +€51,749 | +110.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,603 | €54,974 | -€16,629 | -23.2% |
| Other operating charges | 640/8 | €3,533 | €3,888 | +€355 | +10.0% |
| Non-recurring operating charges | 66A | - | €4,957 | +€4,957 | |
| Gross operating margin | 9900 | €225,343 | €271,125 | +€45,782 | +20.3% |
| Operating profit (loss) | 9901 | €103,264 | €108,615 | +€5,351 | +5.2% |
| Financial income | 75/76B | €560 | €1,535 | +€976 | +174.3% |
| Recurring financial income | 75 | €560 | €1,535 | +€976 | +174.3% |
| Financial charges | 65/66B | €8,977 | €7,912 | -€1,065 | -11.9% |
| Recurring financial charges | 65 | €8,977 | €7,912 | -€1,065 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €94,846 | €102,238 | +€7,392 | +7.8% |
| Income taxes | 67/77 | €34,700 | €36,915 | +€2,215 | +6.4% |
| Profit (loss) for the period | 9904 | €60,147 | €65,324 | +€5,177 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,147 | €65,324 | +€5,177 | +8.6% |
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 11 October 2026 via checked.be.