BRING BACK: what changed
BRING BACK
Largest movements
- Tangible fixed assets +€444,952
up €444,952 (+222%), from €200,362 to €645,314
of which Plant, machinery and equipment: +€336,924
- Cash +€370,751
up €370,751 (+262%), from €141,406 to €512,157
mainly Contributions, distributions and other (+€1.3m) and Receivables within one year (+€53,151)
- Stocks and contracts +€76,777
up €76,777 (+23.8%), from €322,567 to €399,345
- Intangible fixed assets +€62,613
up €62,613 (+621%), from €10,083 to €72,697
- Receivables within one year -€53,151
down €53,151 (-39.5%), from €134,530 to €81,379
of which Trade receivables: -€27,064
- Contributions +€1.3m
up €1.3m (+641%), from €210,000 to €1.6m
- Profit (loss) carried forward -€332,561
down €332,561 (-419%), from -€79,364 to -€411,925
- Trade debts -€89,623
down €89,623 (-14.9%), from €603,194 to €513,571
- Debts after one year -€18,750
down €18,750 (-18.3%), from €102,500 to €83,750
- Gross operating margin -€190,624
down €190,624 (-1,161%), from -€16,422 to -€207,046
- Staff costs +€41,152
up €41,152 (+96.1%), from €42,838 to €83,990
- Depreciation +€22,181
up €22,181 (+267%), from €8,303 to €30,484
- Financial charges +€8,780
up €8,780 (+539%), from €1,629 to €10,409
- Write-downs -€8,486
down €8,486 (-87.1%), from €9,745 to €1,259
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €878,949 | €1,792,278 | +€913,329 | +104% |
| Fixed assets | 21/28 | €210,446 | €758,011 | +€547,565 | +260% |
| Intangible fixed assets | 21 | €10,083 | €72,697 | +€62,613 | +621% |
| Tangible fixed assets | 22/27 | €200,362 | €645,314 | +€444,952 | +222% |
| Land and buildings | 22 | - | €108,460 | +€108,460 | |
| Plant, machinery and equipment | 23 | €197,073 | €533,996 | +€336,924 | +171% |
| Furniture and vehicles | 24 | €3,290 | €2,858 | -€432 | -13.1% |
| Financial fixed assets | 28 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €668,503 | €1,034,267 | +€365,764 | +54.7% |
| Stocks and contracts in progress | 3 | €322,567 | €399,345 | +€76,777 | +23.8% |
| Stocks | 30/36 | €322,567 | €399,345 | +€76,777 | +23.8% |
| Amounts receivable within one year | 40/41 | €134,530 | €81,379 | -€53,151 | -39.5% |
| Trade receivables | 40 | €89,674 | €62,611 | -€27,064 | -30.2% |
| Other amounts receivable | 41 | €44,855 | €18,768 | -€26,087 | -58.2% |
| Current investments | 50/53 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €141,406 | €512,157 | +€370,751 | +262% |
| Deferred charges and accrued income | 490/1 | €70,000 | €41,372 | -€28,628 | -40.9% |
| Total equity and liabilities | 10/49 | €878,949 | €1,792,278 | +€913,329 | +104% |
| Equity | 10/15 | €138,219 | €1,152,175 | +€1.0m | +734% |
| Contributions | 10/11 | €210,000 | €1,556,517 | +€1.3m | +641% |
| Capital | 10 | €210,000 | €1,556,517 | +€1.3m | +641% |
| Issued capital | 100 | €210,000 | €1,556,517 | +€1.3m | +641% |
| Reserves | 13 | €7,583 | €7,583 | = | 0.0% |
| Distributable reserves | 133 | €7,583 | €7,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,364 | -€411,925 | -€332,561 | -419% |
| Amounts payable | 17/49 | €740,729 | €640,102 | -€100,627 | -13.6% |
| Amounts payable after more than one year | 17 | €102,500 | €83,750 | -€18,750 | -18.3% |
| Financial debts | 170/4 | €102,500 | €83,750 | -€18,750 | -18.3% |
| Amounts payable within one year | 42/48 | €637,599 | €556,352 | -€81,246 | -12.7% |
| Financial debts | 43 | €31,250 | €25,000 | -€6,250 | -20.0% |
| Credit institutions | 430/8 | €31,250 | €25,000 | -€6,250 | -20.0% |
| Trade debts | 44 | €603,194 | €513,571 | -€89,623 | -14.9% |
| Suppliers | 440/4 | €603,194 | €513,571 | -€89,623 | -14.9% |
| Taxes, remuneration and social security | 45 | €2,550 | €17,345 | +€14,796 | +580% |
| Taxes | 450/3 | €664 | €3,591 | +€2,927 | +441% |
| Remuneration and social security | 454/9 | €1,885 | €13,755 | +€11,869 | +629% |
| Other amounts payable | 47/48 | €605 | €436 | -€169 | -27.9% |
| Accrued charges and deferred income | 492/3 | €631 | - | -€631 | |
| Remuneration, social security and pensions | 62 | €42,838 | €83,990 | +€41,152 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,303 | €30,484 | +€22,181 | +267% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,745 | €1,259 | -€8,486 | -87.1% |
| Other operating charges | 640/8 | €220 | €525 | +€305 | +139% |
| Gross operating margin | 9900 | -€16,422 | -€207,046 | -€190,624 | -1,161% |
| Operating profit (loss) | 9901 | -€77,528 | -€323,304 | -€245,777 | -317% |
| Financial income | 75/76B | - | €1,152 | +€1,152 | |
| Recurring financial income | 75 | - | €1,152 | +€1,152 | |
| Financial charges | 65/66B | €1,629 | €10,409 | +€8,780 | +539% |
| Recurring financial charges | 65 | €1,629 | €10,409 | +€8,780 | +539% |
| Profit (loss) for the period before taxes | 9903 | -€79,156 | -€332,561 | -€253,405 | -320% |
| Profit (loss) for the period | 9904 | -€79,156 | -€332,561 | -€253,405 | -320% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,156 | -€332,561 | -€253,405 | -320% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.