BS LOCATION ET FACADE: 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.
BS LOCATION ET FACADE
Largest movements
- Receivables within one year -€136,166
down €136,166 (-53.1%), from €256,525 to €120,359
of which Other amounts receivable: -€131,028
- Tangible fixed assets +€115,518
up €115,518 (+24.0%), from €481,046 to €596,564
of which Plant, machinery and equipment: +€123,961
- Cash -€114,024
down €114,024 (-60.1%), from €189,837 to €75,813
mainly Investment in fixed assets (net) (-€225,720) and Current portion of long-term debt (-€43,448)
- Deferred charges and accrued income +€29,435
new in 2025: €29,435
- Current portion of long-term debt -€43,448
down €43,448 (-65.1%), from €66,723 to €23,275
- Debts after one year -€23,275
no longer reported in 2025 (was €23,275)
- Other debts -€20,499
down €20,499 (-78.5%), from €26,102 to €5,603
- Trade debts -€13,178
down €13,178 (-85.1%), from €15,485 to €2,307
- Tax, wage and social debts -€10,479
down €10,479 (-99.7%), from €10,509 to €30
of which Taxes: -€5,800
- Gross operating margin -€338,995
down €338,995 (-73.7%), from €460,064 to €121,069
- Depreciation -€104,663
down €104,663 (-48.7%), from €214,865 to €110,202
- Staff costs -€100,810
down €100,810, from €100,646 to -€164
- Write-downs -€33,518
down €33,518, from €32,768 to -€750
- Taxes -€18,904
down €18,904 (-93.4%), from €20,230 to €1,326
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 | €933,204 | €822,440 | -€110,764 | -11.9% |
| Fixed assets | 21/28 | €481,316 | €596,834 | +€115,518 | +24.0% |
| Tangible fixed assets | 22/27 | €481,046 | €596,564 | +€115,518 | +24.0% |
| Plant, machinery and equipment | 23 | €427,371 | €551,331 | +€123,961 | +29.0% |
| Furniture and vehicles | 24 | €22,252 | €33,160 | +€10,908 | +49.0% |
| Leasing and similar rights | 25 | €31,424 | €12,073 | -€19,351 | -61.6% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €451,888 | €225,606 | -€226,282 | -50.1% |
| Stocks and contracts in progress | 3 | €5,526 | - | -€5,526 | |
| Stocks | 30/36 | €5,526 | - | -€5,526 | |
| Amounts receivable within one year | 40/41 | €256,525 | €120,359 | -€136,166 | -53.1% |
| Trade receivables | 40 | €112,219 | €107,081 | -€5,138 | -4.6% |
| Other amounts receivable | 41 | €144,306 | €13,277 | -€131,028 | -90.8% |
| Cash at bank and in hand | 54/58 | €189,837 | €75,813 | -€114,024 | -60.1% |
| Deferred charges and accrued income | 490/1 | - | €29,435 | +€29,435 | |
| Total equity and liabilities | 10/49 | €933,204 | €822,440 | -€110,764 | -11.9% |
| Equity | 10/15 | €790,111 | €790,226 | +€115 | 0.0% |
| Contributions | 10/11 | €5,081 | €5,081 | = | 0.0% |
| Reserves | 13 | €506,758 | €506,758 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,524 | €1,524 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,524 | €1,524 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,483 | €45,483 | = | 0.0% |
| Distributable reserves | 133 | €459,751 | €459,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,272 | €278,386 | +€115 | 0.0% |
| Amounts payable | 17/49 | €143,093 | €32,215 | -€110,879 | -77.5% |
| Amounts payable after more than one year | 17 | €23,275 | - | -€23,275 | |
| Financial debts | 170/4 | €23,275 | - | -€23,275 | |
| Amounts payable within one year | 42/48 | €119,819 | €32,215 | -€87,604 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | €66,723 | €23,275 | -€43,448 | -65.1% |
| Trade debts | 44 | €15,485 | €2,307 | -€13,178 | -85.1% |
| Suppliers | 440/4 | €15,485 | €2,307 | -€13,178 | -85.1% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,509 | €30 | -€10,479 | -99.7% |
| Taxes | 450/3 | €5,830 | €30 | -€5,800 | -99.5% |
| Remuneration and social security | 454/9 | €4,680 | - | -€4,680 | |
| Other amounts payable | 47/48 | €26,102 | €5,603 | -€20,499 | -78.5% |
| Non-recurring operating income | 76A | - | €102,485 | +€102,485 | |
| Remuneration, social security and pensions | 62 | €100,646 | -€164 | -€100,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,865 | €110,202 | -€104,663 | -48.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,768 | -€750 | -€33,518 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,949 | - | +€5,949 | |
| Other operating charges | 640/8 | €9,922 | €7,556 | -€2,366 | -23.8% |
| Gross operating margin | 9900 | €460,064 | €121,069 | -€338,995 | -73.7% |
| Operating profit (loss) | 9901 | €107,811 | €4,225 | -€103,587 | -96.1% |
| Financial income | 75/76B | €186 | €182 | -€5 | -2.4% |
| Recurring financial income | 75 | €186 | €182 | -€5 | -2.4% |
| Financial charges | 65/66B | €5,269 | €2,965 | -€2,304 | -43.7% |
| Recurring financial charges | 65 | €5,269 | €2,965 | -€2,304 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €102,728 | €1,441 | -€101,287 | -98.6% |
| Income taxes | 67/77 | €20,230 | €1,326 | -€18,904 | -93.4% |
| Profit (loss) for the period | 9904 | €82,498 | €115 | -€82,383 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,498 | €115 | -€82,383 | -99.9% |
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 29 October 2026 via checked.be.