CHOICE LINE: 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.
CHOICE LINE
Largest movements
- Receivables within one year +€133,946
up €133,946 (+423.1%), from €31,656 to €165,603
of which Trade receivables: +€75,269
- Stocks and contracts -€88,308
down €88,308 (-44.5%), from €198,309 to €110,001
- Cash -€15,447
down €15,447 (-90.6%), from €17,054 to €1,607
mainly Receivables within one year (-€133,946) and Other debts (-€18,672)
- Profit (loss) carried forward +€37,446
up €37,446 (+157.7%), from €23,750 to €61,195
- Tax, wage and social debts +€21,268
up €21,268 (+286.1%), from €7,435 to €28,703
of which Taxes: +€19,450
- Other debts -€18,672
no longer reported in 2025 (was €18,672)
- Trade debts -€9,999
down €9,999 (-38.3%), from €26,132 to €16,134
- Turnover +€174,655
up €174,655 (+28.3%), from €616,786 to €791,441
- Purchases and services +€113,660
up €113,660 (+18.8%), from €604,205 to €717,866
- Gross operating margin +€40,418
up €40,418 (+110.2%), from €36,667 to €77,085
- Staff costs +€12,194
up €12,194 (+215.6%), from €5,655 to €17,849
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 | €250,459 | €280,502 | +€30,043 | +12.0% |
| Fixed assets | 21/28 | €3,235 | €2,867 | -€368 | -11.4% |
| Tangible fixed assets | 22/27 | €635 | €267 | -€368 | -57.9% |
| Furniture and vehicles | 24 | €635 | €267 | -€368 | -57.9% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €247,225 | €277,635 | +€30,411 | +12.3% |
| Stocks and contracts in progress | 3 | €198,309 | €110,001 | -€88,308 | -44.5% |
| Stocks | 30/36 | €198,309 | €110,001 | -€88,308 | -44.5% |
| Amounts receivable within one year | 40/41 | €31,656 | €165,603 | +€133,946 | +423.1% |
| Trade receivables | 40 | €9,688 | €84,957 | +€75,269 | +776.9% |
| Other amounts receivable | 41 | €21,969 | €80,646 | +€58,677 | +267.1% |
| Cash at bank and in hand | 54/58 | €17,054 | €1,607 | -€15,447 | -90.6% |
| Deferred charges and accrued income | 490/1 | €205 | €425 | +€219 | +106.7% |
| Total equity and liabilities | 10/49 | €250,459 | €280,502 | +€30,043 | +12.0% |
| Equity | 10/15 | €198,220 | €235,666 | +€37,446 | +18.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €173,470 | €173,470 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €152,720 | €152,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,750 | €61,195 | +€37,446 | +157.7% |
| Amounts payable | 17/49 | €52,239 | €44,836 | -€7,403 | -14.2% |
| Amounts payable within one year | 42/48 | €52,239 | €44,836 | -€7,403 | -14.2% |
| Trade debts | 44 | €26,132 | €16,134 | -€9,999 | -38.3% |
| Suppliers | 440/4 | €26,132 | €16,134 | -€9,999 | -38.3% |
| Taxes, remuneration and social security | 45 | €7,435 | €28,703 | +€21,268 | +286.1% |
| Taxes | 450/3 | €7,435 | €26,885 | +€19,450 | +261.6% |
| Remuneration and social security | 454/9 | - | €1,818 | +€1,818 | |
| Other amounts payable | 47/48 | €18,672 | - | -€18,672 | |
| Turnover | 70 | €616,786 | €791,441 | +€174,655 | +28.3% |
| Non-recurring operating income | 76A | €20,646 | - | -€20,646 | |
| Goods, raw materials, services and sundry goods | 60/61 | €604,205 | €717,866 | +€113,660 | +18.8% |
| Remuneration, social security and pensions | 62 | €5,655 | €17,849 | +€12,194 | +215.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €368 | = | 0.0% |
| Other operating charges | 640/8 | €5,278 | €7,990 | +€2,712 | +51.4% |
| Gross operating margin | 9900 | €36,667 | €77,085 | +€40,418 | +110.2% |
| Operating profit (loss) | 9901 | €25,366 | €50,878 | +€25,513 | +100.6% |
| Financial charges | 65/66B | €146 | €116 | -€30 | -20.6% |
| Recurring financial charges | 65 | €146 | €116 | -€30 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €25,219 | €50,762 | +€25,543 | +101.3% |
| Income taxes | 67/77 | €7,316 | €13,317 | +€6,001 | +82.0% |
| Profit (loss) for the period | 9904 | €17,904 | €37,446 | +€19,542 | +109.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,904 | €37,446 | +€19,542 | +109.1% |
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 10 October 2026 via checked.be.