CARRE GRAPHIQUE: 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.
CARRE GRAPHIQUE
Largest movements
- Cash -€25,331
down €25,331 (-24.8%), from €102,165 to €76,833
mainly Debts after one year (-€42,624) and Investment in fixed assets (net) (-€38,148)
- Receivables within one year +€15,032
up €15,032 (+6.1%), from €244,627 to €259,660
of which Other amounts receivable: +€51,422
- Tangible fixed assets -€12,649
down €12,649 (-4.4%), from €288,090 to €275,440
of which Land and buildings: -€35,479
- Deferred charges and accrued income -€6,650
down €6,650 (-47.6%), from €13,960 to €7,310
- Debts after one year -€42,624
down €42,624 (-19.2%), from €222,117 to €179,492
- Reserves +€38,274
up €38,274 (+644%), from €5,940 to €44,214
- Trade debts -€32,203
down €32,203 (-10.4%), from €308,281 to €276,078
- Gross operating margin -€30,191
down €30,191 (-14.4%), from €210,377 to €180,187
- Taxes +€11,050
up €11,050 (+1,101%), from €1,004 to €12,054
- Staff costs +€3,958
up €3,958 (+7.5%), from €52,948 to €56,906
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 | €651,668 | €620,374 | -€31,294 | -4.8% |
| Fixed assets | 21/28 | €290,916 | €276,571 | -€14,345 | -4.9% |
| Intangible fixed assets | 21 | €2,826 | €1,130 | -€1,696 | -60.0% |
| Tangible fixed assets | 22/27 | €288,090 | €275,440 | -€12,649 | -4.4% |
| Land and buildings | 22 | €259,091 | €223,611 | -€35,479 | -13.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €28,999 | €51,829 | +€22,830 | +78.7% |
| Current assets | 29/58 | €360,752 | €343,803 | -€16,949 | -4.7% |
| Amounts receivable within one year | 40/41 | €244,627 | €259,660 | +€15,032 | +6.1% |
| Trade receivables | 40 | €239,391 | €203,001 | -€36,390 | -15.2% |
| Other amounts receivable | 41 | €5,237 | €56,659 | +€51,422 | +982% |
| Cash at bank and in hand | 54/58 | €102,165 | €76,833 | -€25,331 | -24.8% |
| Deferred charges and accrued income | 490/1 | €13,960 | €7,310 | -€6,650 | -47.6% |
| Total equity and liabilities | 10/49 | €651,668 | €620,374 | -€31,294 | -4.8% |
| Equity | 10/15 | €42,342 | €77,278 | +€34,937 | +82.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,940 | €44,214 | +€38,274 | +644% |
| Distributable reserves | 133 | €5,940 | €44,214 | +€38,274 | +644% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €17,802 | €14,464 | -€3,338 | -18.8% |
| Amounts payable | 17/49 | €609,326 | €543,096 | -€66,231 | -10.9% |
| Amounts payable after more than one year | 17 | €222,117 | €179,492 | -€42,624 | -19.2% |
| Financial debts | 170/4 | €222,117 | €179,492 | -€42,624 | -19.2% |
| Amounts payable within one year | 42/48 | €387,210 | €363,603 | -€23,606 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €68,686 | €72,579 | +€3,893 | +5.7% |
| Trade debts | 44 | €308,281 | €276,078 | -€32,203 | -10.4% |
| Suppliers | 440/4 | €308,281 | €276,078 | -€32,203 | -10.4% |
| Taxes, remuneration and social security | 45 | €8,683 | €13,388 | +€4,704 | +54.2% |
| Taxes | 450/3 | €835 | €5,053 | +€4,218 | +505% |
| Remuneration and social security | 454/9 | €7,848 | €8,335 | +€486 | +6.2% |
| Other amounts payable | 47/48 | €1,558 | €1,558 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €52,948 | €56,906 | +€3,958 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,460 | €52,493 | +€1,033 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,210 | €7,444 | -€766 | -9.3% |
| Other operating charges | 640/8 | €11,585 | €11,701 | +€117 | +1.0% |
| Gross operating margin | 9900 | €210,377 | €180,187 | -€30,191 | -14.4% |
| Operating profit (loss) | 9901 | €86,174 | €51,642 | -€34,532 | -40.1% |
| Financial income | 75/76B | €3,355 | €4,778 | +€1,422 | +42.4% |
| Recurring financial income | 75 | €3,355 | €4,778 | +€1,422 | +42.4% |
| Financial charges | 65/66B | €7,582 | €6,091 | -€1,490 | -19.7% |
| Recurring financial charges | 65 | €7,582 | €6,091 | -€1,490 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €81,948 | €50,328 | -€31,620 | -38.6% |
| Income taxes | 67/77 | €1,004 | €12,054 | +€11,050 | +1,101% |
| Profit (loss) for the period | 9904 | €80,944 | €38,274 | -€42,670 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,944 | €38,274 | -€42,670 | -52.7% |
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 15 October 2026 via checked.be.