CARTOGRAPHICS: 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.
CARTOGRAPHICS
Largest movements
- Tangible fixed assets +€13,254
up €13,254 (+12.0%), from €109,993 to €123,246
of which Other tangible fixed assets: +€26,549
- Receivables within one year -€11,524
down €11,524 (-5.5%), from €208,758 to €197,234
of which Trade receivables: -€28,500
- Cash +€9,761
up €9,761 (+13.0%), from €75,366 to €85,127
mainly Net result for the year (+€30,565) and Depreciation (+€16,289)
- Reserves +€30,565
up €30,565 (+9.8%), from €311,079 to €341,645
- Debts after one year -€12,125
down €12,125 (-33.3%), from €36,374 to €24,249
- Other debts -€9,798
down €9,798 (-63.7%), from €15,379 to €5,582
- Trade debts +€5,129
up €5,129 (+149%), from €3,446 to €8,576
- Gross operating margin +€7,839
up €7,839 (+12.6%), from €62,120 to €69,958
- Financial income +€4,999
up €4,999 (+568,082%), from €1 to €5,000
- Financial charges +€3,765
up €3,765 (+67.8%), from €5,552 to €9,316
- Taxes +€3,400
up €3,400 (+28.2%), from €12,045 to €15,445
- Other operating charges +€1,778
up €1,778 (+114%), from €1,565 to €3,343
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 | €416,285 | €426,331 | +€10,045 | +2.4% |
| Fixed assets | 21/28 | €130,263 | €143,246 | +€12,984 | +10.0% |
| Tangible fixed assets | 22/27 | €109,993 | €123,246 | +€13,254 | +12.0% |
| Land and buildings | 22 | €105,463 | €90,397 | -€15,066 | -14.3% |
| Plant, machinery and equipment | 23 | - | €2,974 | +€2,974 | |
| Furniture and vehicles | 24 | €4,530 | €3,328 | -€1,202 | -26.5% |
| Other tangible fixed assets | 26 | - | €26,549 | +€26,549 | |
| Financial fixed assets | 28 | €20,270 | €20,000 | -€270 | -1.3% |
| Current assets | 29/58 | €286,023 | €283,084 | -€2,938 | -1.0% |
| Amounts receivable within one year | 40/41 | €208,758 | €197,234 | -€11,524 | -5.5% |
| Trade receivables | 40 | €155,850 | €127,350 | -€28,500 | -18.3% |
| Other amounts receivable | 41 | €52,908 | €69,884 | +€16,976 | +32.1% |
| Cash at bank and in hand | 54/58 | €75,366 | €85,127 | +€9,761 | +13.0% |
| Deferred charges and accrued income | 490/1 | €1,898 | €723 | -€1,175 | -61.9% |
| Total equity and liabilities | 10/49 | €416,285 | €426,331 | +€10,045 | +2.4% |
| Equity | 10/15 | €317,279 | €347,845 | +€30,565 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311,079 | €341,645 | +€30,565 | +9.8% |
| Distributable reserves | 133 | €311,079 | €341,645 | +€30,565 | +9.8% |
| Amounts payable | 17/49 | €99,006 | €78,486 | -€20,520 | -20.7% |
| Amounts payable after more than one year | 17 | €36,374 | €24,249 | -€12,125 | -33.3% |
| Financial debts | 170/4 | €36,374 | €24,249 | -€12,125 | -33.3% |
| Amounts payable within one year | 42/48 | €62,632 | €54,237 | -€8,395 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €14,470 | €12,125 | -€2,345 | -16.2% |
| Trade debts | 44 | €3,446 | €8,576 | +€5,129 | +149% |
| Suppliers | 440/4 | €3,446 | €8,576 | +€5,129 | +149% |
| Taxes, remuneration and social security | 45 | €29,336 | €27,954 | -€1,382 | -4.7% |
| Taxes | 450/3 | €29,336 | €26,654 | -€2,682 | -9.1% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €15,379 | €5,582 | -€9,798 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,793 | €16,289 | -€504 | -3.0% |
| Other operating charges | 640/8 | €1,565 | €3,343 | +€1,778 | +114% |
| Gross operating margin | 9900 | €62,120 | €69,958 | +€7,839 | +12.6% |
| Operating profit (loss) | 9901 | €43,762 | €50,327 | +€6,565 | +15.0% |
| Financial income | 75/76B | €1 | €5,000 | +€4,999 | +568,082% |
| Recurring financial income | 75 | €1 | €5,000 | +€4,999 | +568,082% |
| Financial charges | 65/66B | €5,552 | €9,316 | +€3,765 | +67.8% |
| Recurring financial charges | 65 | €5,552 | €9,316 | +€3,765 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €38,211 | €46,010 | +€7,799 | +20.4% |
| Income taxes | 67/77 | €12,045 | €15,445 | +€3,400 | +28.2% |
| Profit (loss) for the period | 9904 | €26,166 | €30,565 | +€4,399 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,166 | €30,565 | +€4,399 | +16.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.