Box7: 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.
Box7
Largest movements
- Receivables within one year -€24,893
down €24,893 (-34.4%), from €72,417 to €47,524
of which Trade receivables: -€31,591
- Tangible fixed assets -€15,024
down €15,024 (-10.3%), from €145,501 to €130,477
of which Land and buildings: -€7,795
- Deferred charges and accrued income +€5,146
up €5,146 (+1024.1%), from €503 to €5,649
- Cash +€3,162
up €3,162 (+272.1%), from €1,162 to €4,325
mainly Receivables within one year (+€24,893) and Depreciation (+€18,241)
- Other debts -€20,719
down €20,719 (-25.8%), from €80,452 to €59,733
- Debts after one year -€18,523
down €18,523 (-44.6%), from €41,510 to €22,987
- Profit (loss) carried forward +€8,404
up €8,404 (+26.4%), from -€31,877 to -€23,473
- Tax, wage and social debts -€6,176
down €6,176 (-59.4%), from €10,399 to €4,223
- Accrued charges and deferred income +€3,388
up €3,388 (+206.6%), from €1,640 to €5,028
- Gross operating margin +€7,280
up €7,280 (+30.3%), from €24,027 to €31,307
- Taxes +€1,358
up €1,358 (+95.7%), from €1,419 to €2,777
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
- Financial charges -€369
down €369 (-19.9%), from €1,855 to €1,486
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 | €219,833 | €187,974 | -€31,859 | -14.5% |
| Fixed assets | 21/28 | €145,751 | €130,477 | -€15,274 | -10.5% |
| Tangible fixed assets | 22/27 | €145,501 | €130,477 | -€15,024 | -10.3% |
| Land and buildings | 22 | €107,780 | €99,985 | -€7,795 | -7.2% |
| Plant, machinery and equipment | 23 | €778 | €128 | -€650 | -83.5% |
| Furniture and vehicles | 24 | €36,943 | €30,363 | -€6,580 | -17.8% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €74,082 | €57,497 | -€16,585 | -22.4% |
| Amounts receivable within one year | 40/41 | €72,417 | €47,524 | -€24,893 | -34.4% |
| Trade receivables | 40 | €69,129 | €37,539 | -€31,591 | -45.7% |
| Other amounts receivable | 41 | €3,288 | €9,986 | +€6,698 | +203.7% |
| Cash at bank and in hand | 54/58 | €1,162 | €4,325 | +€3,162 | +272.1% |
| Deferred charges and accrued income | 490/1 | €503 | €5,649 | +€5,146 | +1024.1% |
| Total equity and liabilities | 10/49 | €219,833 | €187,974 | -€31,859 | -14.5% |
| Equity | 10/15 | €64,723 | €73,127 | +€8,404 | +13.0% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €78,200 | €78,200 | = | 0.0% |
| Distributable reserves | 133 | €78,200 | €78,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,877 | -€23,473 | +€8,404 | +26.4% |
| Amounts payable | 17/49 | €155,110 | €114,847 | -€40,263 | -26.0% |
| Amounts payable after more than one year | 17 | €41,510 | €22,987 | -€18,523 | -44.6% |
| Financial debts | 170/4 | €41,510 | €22,987 | -€18,523 | -44.6% |
| Amounts payable within one year | 42/48 | €111,960 | €86,832 | -€25,128 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €19,481 | €21,647 | +€2,165 | +11.1% |
| Trade debts | 44 | €1,628 | €1,229 | -€399 | -24.5% |
| Suppliers | 440/4 | €1,628 | €1,229 | -€399 | -24.5% |
| Taxes, remuneration and social security | 45 | €10,399 | €4,223 | -€6,176 | -59.4% |
| Taxes | 450/3 | €10,399 | €4,223 | -€6,176 | -59.4% |
| Other amounts payable | 47/48 | €80,452 | €59,733 | -€20,719 | -25.8% |
| Accrued charges and deferred income | 492/3 | €1,640 | €5,028 | +€3,388 | +206.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,541 | €18,241 | -€301 | -1.6% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €24,027 | €31,307 | +€7,280 | +30.3% |
| Operating profit (loss) | 9901 | €4,714 | €12,667 | +€7,953 | +168.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,855 | €1,486 | -€369 | -19.9% |
| Recurring financial charges | 65 | €1,855 | €1,486 | -€369 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €2,859 | €11,181 | +€8,322 | +291.1% |
| Income taxes | 67/77 | €1,419 | €2,777 | +€1,358 | +95.7% |
| Profit (loss) for the period | 9904 | €1,440 | €8,404 | +€6,964 | +483.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,440 | €8,404 | +€6,964 | +483.6% |
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 8 October 2026 via checked.be.