Case Départ: 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.
Case Départ
Largest movements
- Cash +€117,204
up €117,204 (+51.6%), from €226,973 to €344,177
mainly Other debts (+€99,988) and Net result for the year (+€55,840)
- Receivables within one year -€22,915
down €22,915 (-72.8%), from €31,468 to €8,553
of which Trade receivables: -€25,168
- Stocks and contracts +€12,566
up €12,566 (+8.5%), from €147,429 to €159,995
- Other debts +€99,988
up €99,988 (+16517.4%), from €605 to €100,594
- Profit (loss) carried forward -€44,160
down €44,160 (-23.4%), from €188,631 to €144,471
- Trade debts +€43,194
up €43,194 (+38.8%), from €111,296 to €154,490
- Tax, wage and social debts +€8,968
up €8,968 (+13.0%), from €69,088 to €78,057
of which Taxes: +€11,642
- Gross operating margin +€27,711
up €27,711 (+20.1%), from €138,135 to €165,846
- Staff costs -€14,846
down €14,846 (-16.2%), from €91,711 to €76,864
- Taxes +€9,640
up €9,640 (+80.8%), from €11,933 to €21,573
- Write-downs +€3,165
up €3,165, from -€1,932 to €1,233
- Depreciation -€2,460
down €2,460 (-41.6%), from €5,917 to €3,457
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 | €413,570 | €517,680 | +€104,109 | +25.2% |
| Fixed assets | 21/28 | €4,998 | €1,942 | -€3,056 | -61.1% |
| Intangible fixed assets | 21 | €116 | - | -€116 | |
| Tangible fixed assets | 22/27 | €4,832 | €1,491 | -€3,341 | -69.1% |
| Furniture and vehicles | 24 | €2,982 | - | -€2,982 | |
| Other tangible fixed assets | 26 | €1,850 | €1,491 | -€359 | -19.4% |
| Financial fixed assets | 28 | €50 | €451 | +€401 | +801.5% |
| Current assets | 29/58 | €408,573 | €515,738 | +€107,165 | +26.2% |
| Stocks and contracts in progress | 3 | €147,429 | €159,995 | +€12,566 | +8.5% |
| Stocks | 30/36 | €147,429 | €159,995 | +€12,566 | +8.5% |
| Amounts receivable within one year | 40/41 | €31,468 | €8,553 | -€22,915 | -72.8% |
| Trade receivables | 40 | €31,468 | €6,300 | -€25,168 | -80.0% |
| Other amounts receivable | 41 | - | €2,252 | +€2,252 | |
| Cash at bank and in hand | 54/58 | €226,973 | €344,177 | +€117,204 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,702 | €3,014 | +€312 | +11.5% |
| Total equity and liabilities | 10/49 | €413,570 | €517,680 | +€104,109 | +25.2% |
| Equity | 10/15 | €228,700 | €184,540 | -€44,160 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,469 | €21,469 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,609 | €19,609 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,631 | €144,471 | -€44,160 | -23.4% |
| Amounts payable | 17/49 | €184,870 | €333,140 | +€148,270 | +80.2% |
| Amounts payable within one year | 42/48 | €184,870 | €333,140 | +€148,270 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €3,881 | - | -€3,881 | |
| Trade debts | 44 | €111,296 | €154,490 | +€43,194 | +38.8% |
| Suppliers | 440/4 | €111,296 | €154,490 | +€43,194 | +38.8% |
| Taxes, remuneration and social security | 45 | €69,088 | €78,057 | +€8,968 | +13.0% |
| Taxes | 450/3 | €57,641 | €69,283 | +€11,642 | +20.2% |
| Remuneration and social security | 454/9 | €11,447 | €8,773 | -€2,674 | -23.4% |
| Other amounts payable | 47/48 | €605 | €100,594 | +€99,988 | +16517.4% |
| Remuneration, social security and pensions | 62 | €91,711 | €76,864 | -€14,846 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,917 | €3,457 | -€2,460 | -41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,932 | €1,233 | +€3,165 | |
| Other operating charges | 640/8 | €585 | €70 | -€515 | -88.0% |
| Gross operating margin | 9900 | €138,135 | €165,846 | +€27,711 | +20.1% |
| Operating profit (loss) | 9901 | €41,855 | €84,222 | +€42,368 | +101.2% |
| Financial income | 75/76B | €2,180 | €1,556 | -€624 | -28.6% |
| Recurring financial income | 75 | €2,180 | €1,556 | -€624 | -28.6% |
| Financial charges | 65/66B | €6,249 | €8,365 | +€2,116 | +33.9% |
| Recurring financial charges | 65 | €6,249 | €8,365 | +€2,116 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €37,785 | €77,413 | +€39,628 | +104.9% |
| Income taxes | 67/77 | €11,933 | €21,573 | +€9,640 | +80.8% |
| Profit (loss) for the period | 9904 | €25,852 | €55,840 | +€29,988 | +116.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,852 | €55,840 | +€29,988 | +116.0% |
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.