BUSINESSPHONE: what changed
BUSINESSPHONE
Largest movements
- Stocks and contracts +€85,876
up €85,876 (+74.4%), from €115,492 to €201,367
- Tangible fixed assets +€52,883
up €52,883 (+149%), from €35,472 to €88,355
of which Plant, machinery and equipment: +€53,664
- Receivables within one year +€44,366
up €44,366 (+41.3%), from €107,337 to €151,703
of which Other amounts receivable: +€31,562
- Cash +€15,249
up €15,249 (+48.1%), from €31,696 to €46,944
mainly Trade debts (+€189,955) and Depreciation (+€35,117)
- Trade debts +€189,955
up €189,955 (+676%), from €28,107 to €218,062
- Other debts +€14,282
up €14,282 (+9.7%), from €147,586 to €161,868
- Gross operating margin +€23,560
up €23,560 (+287%), from €8,209 to €31,769
- Depreciation +€6,668
up €6,668 (+23.4%), from €28,448 to €35,117
- Financial income +€3,624
up €3,624 (+106%), from €3,407 to €7,030
- Financial charges -€853
down €853 (-24.5%), from €3,483 to €2,630
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 | €290,996 | €488,557 | +€197,560 | +67.9% |
| Fixed assets | 21/28 | €35,472 | €88,355 | +€52,883 | +149% |
| Tangible fixed assets | 22/27 | €35,472 | €88,355 | +€52,883 | +149% |
| Land and buildings | 22 | €498 | €91 | -€407 | -81.7% |
| Plant, machinery and equipment | 23 | €34,202 | €87,867 | +€53,664 | +157% |
| Furniture and vehicles | 24 | €772 | €397 | -€374 | -48.5% |
| Current assets | 29/58 | €255,524 | €400,201 | +€144,677 | +56.6% |
| Stocks and contracts in progress | 3 | €115,492 | €201,367 | +€85,876 | +74.4% |
| Stocks | 30/36 | €115,492 | €201,367 | +€85,876 | +74.4% |
| Amounts receivable within one year | 40/41 | €107,337 | €151,703 | +€44,366 | +41.3% |
| Trade receivables | 40 | €7,337 | €20,142 | +€12,805 | +175% |
| Other amounts receivable | 41 | €100,000 | €131,562 | +€31,562 | +31.6% |
| Cash at bank and in hand | 54/58 | €31,696 | €46,944 | +€15,249 | +48.1% |
| Deferred charges and accrued income | 490/1 | €1,000 | €186 | -€814 | -81.4% |
| Total equity and liabilities | 10/49 | €290,996 | €488,557 | +€197,560 | +67.9% |
| Equity | 10/15 | €105,684 | €106,293 | +€610 | +0.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €99,384 | €99,993 | +€610 | +0.6% |
| Distributable reserves | 133 | €99,384 | €99,993 | +€610 | +0.6% |
| Amounts payable | 17/49 | €185,313 | €382,263 | +€196,950 | +106% |
| Amounts payable within one year | 42/48 | €182,267 | €382,263 | +€199,996 | +110% |
| Trade debts | 44 | €28,107 | €218,062 | +€189,955 | +676% |
| Suppliers | 440/4 | €28,107 | €218,062 | +€189,955 | +676% |
| Taxes, remuneration and social security | 45 | €6,574 | €2,334 | -€4,240 | -64.5% |
| Taxes | 450/3 | €6,574 | €2,334 | -€4,240 | -64.5% |
| Other amounts payable | 47/48 | €147,586 | €161,868 | +€14,282 | +9.7% |
| Accrued charges and deferred income | 492/3 | €3,046 | - | -€3,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,448 | €35,117 | +€6,668 | +23.4% |
| Other operating charges | 640/8 | €469 | €302 | -€167 | -35.6% |
| Gross operating margin | 9900 | €8,209 | €31,769 | +€23,560 | +287% |
| Operating profit (loss) | 9901 | -€20,708 | -€3,650 | +€17,059 | +82.4% |
| Financial income | 75/76B | €3,407 | €7,030 | +€3,624 | +106% |
| Recurring financial income | 75 | €3,407 | €7,030 | +€3,624 | +106% |
| Financial charges | 65/66B | €3,483 | €2,630 | -€853 | -24.5% |
| Recurring financial charges | 65 | €3,483 | €2,630 | -€853 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,784 | €751 | +€21,535 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€20,924 | €610 | +€21,534 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,924 | €610 | +€21,534 |
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 7 November 2026 via checked.be.