BREAKPOINT: 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.
BREAKPOINT
Largest movements
- Receivables within one year +€47,532
up €47,532 (+493.6%), from €9,630 to €57,162
of which Trade receivables: +€25,584
- Cash -€14,055
down €14,055 (-60.1%), from €23,388 to €9,333
mainly Receivables within one year (-€47,532) and Contributions, distributions and other (-€14,673)
- Tangible fixed assets -€1,707
down €1,707 (-92.6%), from €1,844 to €137
of which Plant, machinery and equipment: -€1,374
- Deferred charges and accrued income +€852
up €852 (+177.1%), from €481 to €1,334
- Trade debts +€25,989
up €25,989 (+265.1%), from €9,803 to €35,792
- Tax, wage and social debts +€4,259
up €4,259 (+24.8%), from €17,184 to €21,443
of which Taxes: +€5,233
- Other debts +€2,200
up €2,200 (+27.6%), from €7,978 to €10,178
- Gross operating margin +€13,401
up €13,401 (+11.9%), from €112,664 to €126,065
- Staff costs +€7,243
up €7,243 (+7.6%), from €95,648 to €102,890
- Financial charges -€3,827
down €3,827 (-60.5%), from €6,323 to €2,496
- Taxes +€1,925
up €1,925 (+75.0%), from €2,568 to €4,493
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 | €41,484 | €73,931 | +€32,447 | +78.2% |
| Fixed assets | 21/28 | €2,019 | €137 | -€1,882 | -93.2% |
| Tangible fixed assets | 22/27 | €1,844 | €137 | -€1,707 | -92.6% |
| Plant, machinery and equipment | 23 | €1,374 | - | -€1,374 | |
| Furniture and vehicles | 24 | €470 | €137 | -€333 | -70.9% |
| Financial fixed assets | 28 | €175 | - | -€175 | |
| Current assets | 29/58 | €39,465 | €73,795 | +€34,329 | +87.0% |
| Stocks and contracts in progress | 3 | €5,967 | €5,967 | = | 0.0% |
| Stocks | 30/36 | €5,967 | €5,967 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,630 | €57,162 | +€47,532 | +493.6% |
| Trade receivables | 40 | €7,063 | €32,646 | +€25,584 | +362.2% |
| Other amounts receivable | 41 | €2,567 | €24,515 | +€21,948 | +854.9% |
| Cash at bank and in hand | 54/58 | €23,388 | €9,333 | -€14,055 | -60.1% |
| Deferred charges and accrued income | 490/1 | €481 | €1,334 | +€852 | +177.1% |
| Total equity and liabilities | 10/49 | €41,484 | €73,931 | +€32,447 | +78.2% |
| Equity | 10/15 | €3,201 | €3,201 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201 | €201 | = | 0.0% |
| Amounts payable | 17/49 | €38,283 | €70,731 | +€32,447 | +84.8% |
| Amounts payable within one year | 42/48 | €38,283 | €70,731 | +€32,447 | +84.8% |
| Trade debts | 44 | €9,803 | €35,792 | +€25,989 | +265.1% |
| Suppliers | 440/4 | €9,803 | €35,792 | +€25,989 | +265.1% |
| Advances received on contracts in progress | 46 | €3,318 | €3,318 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,184 | €21,443 | +€4,259 | +24.8% |
| Taxes | 450/3 | €11,605 | €16,838 | +€5,233 | +45.1% |
| Remuneration and social security | 454/9 | €5,580 | €4,605 | -€975 | -17.5% |
| Other amounts payable | 47/48 | €7,978 | €10,178 | +€2,200 | +27.6% |
| Remuneration, social security and pensions | 62 | €95,648 | €102,890 | +€7,243 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,711 | €1,707 | -€4 | -0.2% |
| Other operating charges | 640/8 | €947 | €559 | -€388 | -41.0% |
| Gross operating margin | 9900 | €112,664 | €126,065 | +€13,401 | +11.9% |
| Operating profit (loss) | 9901 | €14,359 | €20,909 | +€6,550 | +45.6% |
| Financial income | 75/76B | €191 | €753 | +€561 | +293.4% |
| Recurring financial income | 75 | €191 | €753 | +€561 | +293.4% |
| Financial charges | 65/66B | €6,323 | €2,496 | -€3,827 | -60.5% |
| Recurring financial charges | 65 | €6,323 | €2,496 | -€3,827 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €8,227 | €19,166 | +€10,938 | +133.0% |
| Income taxes | 67/77 | €2,568 | €4,493 | +€1,925 | +75.0% |
| Profit (loss) for the period | 9904 | €5,659 | €14,673 | +€9,014 | +159.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,659 | €14,673 | +€9,014 | +159.3% |
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 7 October 2026 via checked.be.