Capital knowledge: 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.
Capital knowledge
Largest movements
- Receivables within one year +€51,327
up €51,327 (+5.4%), from €947,343 to €998,670
of which Other amounts receivable: +€30,570
- Trade debts +€61,540
up €61,540 (+49.7%), from €123,933 to €185,474
- Financial income -€685,703
down €685,703 (-97.6%), from €702,508 to €16,805
of which Financial income: -€485,703
- Turnover +€260,971
up €260,971 (+37.5%), from €695,253 to €956,224
- Purchases and services +€155,931
up €155,931 (+18.8%), from €828,843 to €984,773
- Gross operating margin +€76,010
up €76,010 (+75.2%), from -€101,140 to -€25,130
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 | €2,083,644 | €2,135,038 | +€51,394 | +2.5% |
| Fixed assets | 21/28 | €1,131,201 | €1,131,201 | = | 0.0% |
| Financial fixed assets | 28 | €1,131,201 | €1,131,201 | = | 0.0% |
| Current assets | 29/58 | €952,443 | €1,003,837 | +€51,394 | +5.4% |
| Amounts receivable within one year | 40/41 | €947,343 | €998,670 | +€51,327 | +5.4% |
| Trade receivables | 40 | €128,683 | €149,440 | +€20,758 | +16.1% |
| Other amounts receivable | 41 | €818,661 | €849,230 | +€30,570 | +3.7% |
| Cash at bank and in hand | 54/58 | €5,100 | €5,115 | +€15 | +0.3% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €2,083,644 | €2,135,038 | +€51,394 | +2.5% |
| Equity | 10/15 | €1,959,711 | €1,949,564 | -€10,146 | -0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,897,200 | €1,886,200 | -€11,000 | -0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,891,000 | €1,880,000 | -€11,000 | -0.6% |
| Profit (loss) carried forward | 14 | €511 | €1,364 | +€854 | +167.1% |
| Amounts payable | 17/49 | €123,933 | €185,474 | +€61,540 | +49.7% |
| Amounts payable within one year | 42/48 | €123,933 | €185,474 | +€61,540 | +49.7% |
| Trade debts | 44 | €123,933 | €185,474 | +€61,540 | +49.7% |
| Suppliers | 440/4 | €123,933 | €185,474 | +€61,540 | +49.7% |
| Turnover | 70 | €695,253 | €956,224 | +€260,971 | +37.5% |
| Non-recurring operating income | 76A | €30,590 | €3,419 | -€27,171 | -88.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €828,843 | €984,773 | +€155,931 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | - | -€138 | |
| Other operating charges | 640/8 | €1,437 | €1,191 | -€246 | -17.1% |
| Gross operating margin | 9900 | -€101,140 | -€25,130 | +€76,010 | +75.2% |
| Operating profit (loss) | 9901 | -€102,715 | -€26,321 | +€76,394 | +74.4% |
| Financial income | 75/76B | €702,508 | €16,805 | -€685,703 | -97.6% |
| Recurring financial income | 75 | €502,508 | €16,805 | -€485,703 | -96.7% |
| Non-recurring financial income | 76B | €200,000 | - | -€200,000 | |
| Financial charges | 65/66B | €627 | €630 | +€3 | +0.5% |
| Recurring financial charges | 65 | €627 | €630 | +€3 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €599,166 | -€10,146 | -€609,312 | |
| Profit (loss) for the period | 9904 | €599,166 | -€10,146 | -€609,312 | |
| Profit (loss) for the period to be appropriated | 9905 | €599,166 | -€10,146 | -€609,312 |
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 9 October 2026 via checked.be.