Case by Case: 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.
What changed
Case by Case
NACE 96.991, Personal service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,377
2024 · €1,393+€16,984
Equity
€134,147
2024 · €141,972-€7,825
Cash
€75,534
2024 · €78,561-€3,028
Balance sheet total
€315,006
2024 · €348,491-€33,485
Largest movements
Assets
- Tangible fixed assets -€32,514
down €32,514 (-13.0%), from €251,035 to €218,521
of which Furniture and vehicles: -€25,631
Equity and liabilities
- Debts after one year -€20,126
down €20,126 (-13.5%), from €149,079 to €128,953
- Reserves -€7,825
down €7,825 (-7.7%), from €101,960 to €94,134
- Current portion of long-term debt -€6,069
down €6,069 (-22.5%), from €26,931 to €20,862
Income statement
- Gross operating margin +€15,031
up €15,031 (+35.2%), from €42,661 to €57,692
- Depreciation -€8,812
down €8,812 (-28.4%), from €31,034 to €22,222
- Taxes +€6,732
up €6,732 (+305%), from €2,208 to €8,940
- Provisions +€1,500
up €1,500, from -€1,500 to €0
- Other operating charges -€1,025
down €1,025 (-25.4%), from €4,044 to €3,019
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.
Result 2024
€1,393
Gross operating margin
+€15,031
Depreciation
+€8,812
Provisions
-€1,500
Other operating charges
+€1,025
Financial income
-€434
Financial charges
+€780
Taxes
-€6,732
Result 2025
€18,377
raises the resultlowers the result
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.
From operations
+€39,078
Investment
+€10,292
Financing
-€52,397
Cash 2024
€78,561
From operations (derived)
+€39,078
Net result for the year
+€18,377
Depreciation
+€22,222
Stocks and contracts
-€115
Receivables within one year
-€1,735
Deferred charges and accrued income
-€207
Trade debts
-€11
Tax, wage and social debts
+€2,744
Other debts
-€1,712
Accrued charges and deferred income
-€486
Investment (derived)
+€10,292
Investment in fixed assets (net)
+€10,292
Financing
-€52,397
Debts after one year
-€20,126
Current portion of long-term debt
-€6,069
Contributions, distributions and other
-€26,202
Cash 2025
€75,534
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,491 | €315,006 | -€33,485 | -9.6% |
| Fixed assets | 21/28 | €252,385 | €219,871 | -€32,514 | -12.9% |
| Tangible fixed assets | 22/27 | €251,035 | €218,521 | -€32,514 | -13.0% |
| Land and buildings | 22 | €194,927 | €188,255 | -€6,671 | -3.4% |
| Plant, machinery and equipment | 23 | €299 | €88 | -€211 | -70.6% |
| Furniture and vehicles | 24 | €55,809 | €30,178 | -€25,631 | -45.9% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €96,106 | €95,135 | -€971 | -1.0% |
| Stocks and contracts in progress | 3 | €970 | €1,085 | +€115 | +11.8% |
| Stocks | 30/36 | €970 | €1,085 | +€115 | +11.8% |
| Amounts receivable within one year | 40/41 | €15,625 | €17,360 | +€1,735 | +11.1% |
| Trade receivables | 40 | €6,983 | €8,818 | +€1,834 | +26.3% |
| Other amounts receivable | 41 | €8,642 | €8,542 | -€100 | -1.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,561 | €75,534 | -€3,028 | -3.9% |
| Deferred charges and accrued income | 490/1 | €950 | €1,156 | +€207 | +21.8% |
| Total equity and liabilities | 10/49 | €348,491 | €315,006 | -€33,485 | -9.6% |
| Equity | 10/15 | €141,972 | €134,147 | -€7,825 | -5.5% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €101,960 | €94,134 | -€7,825 | -7.7% |
| Distributable reserves | 133 | €101,960 | €94,134 | -€7,825 | -7.7% |
| Profit (loss) carried forward | 14 | €2,812 | €2,812 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €206,519 | €180,859 | -€25,660 | -12.4% |
| Amounts payable after more than one year | 17 | €149,079 | €128,953 | -€20,126 | -13.5% |
| Financial debts | 170/4 | €149,079 | €128,953 | -€20,126 | -13.5% |
| Amounts payable within one year | 42/48 | €56,587 | €51,540 | -€5,047 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €26,931 | €20,862 | -€6,069 | -22.5% |
| Trade debts | 44 | €702 | €691 | -€11 | -1.5% |
| Suppliers | 440/4 | €702 | €691 | -€11 | -1.5% |
| Taxes, remuneration and social security | 45 | €8,664 | €11,408 | +€2,744 | +31.7% |
| Taxes | 450/3 | €8,664 | €11,408 | +€2,744 | +31.7% |
| Other amounts payable | 47/48 | €20,291 | €18,579 | -€1,712 | -8.4% |
| Accrued charges and deferred income | 492/3 | €853 | €366 | -€486 | -57.0% |
| Non-recurring operating income | 76A | - | €10,458 | +€10,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,034 | €22,222 | -€8,812 | -28.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,500 | €0 | +€1,500 | |
| Other operating charges | 640/8 | €4,044 | €3,019 | -€1,025 | -25.4% |
| Gross operating margin | 9900 | €42,661 | €57,692 | +€15,031 | +35.2% |
| Operating profit (loss) | 9901 | €9,082 | €32,451 | +€23,369 | +257% |
| Financial income | 75/76B | €867 | €433 | -€434 | -50.1% |
| Recurring financial income | 75 | €867 | €433 | -€434 | -50.1% |
| Financial charges | 65/66B | €6,348 | €5,567 | -€780 | -12.3% |
| Recurring financial charges | 65 | €6,348 | €5,567 | -€780 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €3,601 | €27,317 | +€23,716 | +659% |
| Income taxes | 67/77 | €2,208 | €8,940 | +€6,732 | +305% |
| Profit (loss) for the period | 9904 | €1,393 | €18,377 | +€16,984 | +1,219% |
| Profit (loss) for the period to be appropriated | 9905 | €1,393 | €18,377 | +€16,984 | +1,219% |
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 24 October 2026 via checked.be.