BuyerSide: 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.
BuyerSide
Largest movements
- Receivables within one year -€143,067
down €143,067 (-50.0%), from €286,142 to €143,075
of which Trade receivables: -€154,095
- Cash -€71,193
down €71,193 (-19.4%), from €366,582 to €295,389
mainly Trade debts (-€249,656) and Investment in fixed assets (net) (-€2,445)
- Intangible fixed assets -€10,900
down €10,900 (-41.4%), from €26,318 to €15,418
- Trade debts -€249,656
down €249,656 (-45.6%), from €547,507 to €297,851
- Reserves +€15,260
up €15,260 (+11.8%), from €128,948 to €144,208
- Write-downs +€52,659
new in 2025: €52,659
- Gross operating margin +€39,046
up €39,046 (+17.7%), from €220,681 to €259,727
- Staff costs +€17,841
up €17,841 (+12.5%), from €142,327 to €160,168
- Taxes -€6,903
down €6,903 (-44.1%), from €15,645 to €8,741
- Depreciation +€2,961
up €2,961 (+17.4%), from €16,978 to €19,939
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 | €735,931 | €502,955 | -€232,976 | -31.7% |
| Fixed assets | 21/28 | €75,434 | €57,940 | -€17,495 | -23.2% |
| Intangible fixed assets | 21 | €26,318 | €15,418 | -€10,900 | -41.4% |
| Tangible fixed assets | 22/27 | €49,116 | €42,522 | -€6,594 | -13.4% |
| Plant, machinery and equipment | 23 | €3,356 | €3,096 | -€260 | -7.7% |
| Furniture and vehicles | 24 | €16,501 | €13,275 | -€3,225 | -19.5% |
| Other tangible fixed assets | 26 | €29,259 | €26,150 | -€3,109 | -10.6% |
| Current assets | 29/58 | €660,497 | €445,015 | -€215,481 | -32.6% |
| Amounts receivable within one year | 40/41 | €286,142 | €143,075 | -€143,067 | -50.0% |
| Trade receivables | 40 | €273,764 | €119,669 | -€154,095 | -56.3% |
| Other amounts receivable | 41 | €12,378 | €23,406 | +€11,028 | +89.1% |
| Cash at bank and in hand | 54/58 | €366,582 | €295,389 | -€71,193 | -19.4% |
| Deferred charges and accrued income | 490/1 | €7,773 | €6,551 | -€1,222 | -15.7% |
| Total equity and liabilities | 10/49 | €735,931 | €502,955 | -€232,976 | -31.7% |
| Equity | 10/15 | €147,548 | €162,808 | +€15,260 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,948 | €144,208 | +€15,260 | +11.8% |
| Distributable reserves | 133 | €128,948 | €144,208 | +€15,260 | +11.8% |
| Amounts payable | 17/49 | €588,383 | €340,148 | -€248,235 | -42.2% |
| Amounts payable within one year | 42/48 | €588,383 | €340,148 | -€248,235 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €1,217 | €1,217 | = | 0.0% |
| Trade debts | 44 | €547,507 | €297,851 | -€249,656 | -45.6% |
| Suppliers | 440/4 | €547,507 | €297,851 | -€249,656 | -45.6% |
| Taxes, remuneration and social security | 45 | €39,613 | €41,034 | +€1,421 | +3.6% |
| Taxes | 450/3 | €23,223 | €16,498 | -€6,726 | -29.0% |
| Remuneration and social security | 454/9 | €16,390 | €24,536 | +€8,146 | +49.7% |
| Other amounts payable | 47/48 | €46 | €46 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €142,327 | €160,168 | +€17,841 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,978 | €19,939 | +€2,961 | +17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €52,659 | +€52,659 | |
| Other operating charges | 640/8 | €4,214 | €3,532 | -€682 | -16.2% |
| Gross operating margin | 9900 | €220,681 | €259,727 | +€39,046 | +17.7% |
| Operating profit (loss) | 9901 | €57,162 | €23,429 | -€33,733 | -59.0% |
| Financial income | 75/76B | €676 | €1,689 | +€1,013 | +150% |
| Recurring financial income | 75 | €676 | €1,689 | +€1,013 | +150% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €269 | €1,117 | +€849 | +316% |
| Recurring financial charges | 65 | €182 | €1,117 | +€935 | +513% |
| Non-recurring financial charges | 66B | €86 | - | -€86 | |
| Profit (loss) for the period before taxes | 9903 | €57,569 | €24,001 | -€33,569 | -58.3% |
| Income taxes | 67/77 | €15,645 | €8,741 | -€6,903 | -44.1% |
| Profit (loss) for the period | 9904 | €41,925 | €15,260 | -€26,665 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,925 | €15,260 | -€26,665 | -63.6% |
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 21 October 2026 via checked.be.