CITE: 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.
CITE
Largest movements
- Cash +€61,240
up €61,240 (+57.0%), from €107,403 to €168,643
mainly Other debts (+€95,700) and Net result for the year (+€92,576)
- Tangible fixed assets -€53,540
down €53,540 (-10.0%), from €535,147 to €481,607
- Receivables within one year +€18,567
up €18,567 (+33.3%), from €55,683 to €74,250
- Other debts +€95,700
up €95,700 (+16998.2%), from €563 to €96,263
- Debts after one year -€63,751
down €63,751 (-31.3%), from €203,611 to €139,860
- Tax, wage and social debts -€34,137
down €34,137 (-74.2%), from €46,010 to €11,873
of which Taxes: -€22,700
- Trade debts +€13,063
up €13,063 (+26.7%), from €48,965 to €62,028
- Staff costs -€51,918
down €51,918 (-17.9%), from €289,968 to €238,050
- Taxes -€21,699
down €21,699 (-89.1%), from €24,346 to €2,647
- Gross operating margin -€16,043
down €16,043 (-3.8%), from €417,871 to €401,828
- Depreciation +€12,400
up €12,400 (+29.8%), from €41,640 to €54,040
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 | €714,075 | €734,332 | +€20,257 | +2.8% |
| Fixed assets | 21/28 | €536,822 | €482,782 | -€54,040 | -10.1% |
| Intangible fixed assets | 21 | €1,675 | €1,175 | -€500 | -29.9% |
| Tangible fixed assets | 22/27 | €535,147 | €481,607 | -€53,540 | -10.0% |
| Land and buildings | 22 | €366,235 | €351,405 | -€14,830 | -4.0% |
| Plant, machinery and equipment | 23 | €61,537 | €48,779 | -€12,758 | -20.7% |
| Furniture and vehicles | 24 | €107,375 | €81,423 | -€25,952 | -24.2% |
| Current assets | 29/58 | €177,253 | €251,550 | +€74,297 | +41.9% |
| Stocks and contracts in progress | 3 | €9,059 | €4,097 | -€4,962 | -54.8% |
| Stocks | 30/36 | €9,059 | €4,097 | -€4,962 | -54.8% |
| Amounts receivable within one year | 40/41 | €55,683 | €74,250 | +€18,567 | +33.3% |
| Other amounts receivable | 41 | €55,683 | €74,250 | +€18,567 | +33.3% |
| Cash at bank and in hand | 54/58 | €107,403 | €168,643 | +€61,240 | +57.0% |
| Deferred charges and accrued income | 490/1 | €5,108 | €4,560 | -€548 | -10.7% |
| Total equity and liabilities | 10/49 | €714,075 | €734,332 | +€20,257 | +2.8% |
| Equity | 10/15 | €352,923 | €355,499 | +€2,576 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €334,323 | €336,899 | +€2,576 | +0.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €332,463 | €335,039 | +€2,576 | +0.8% |
| Amounts payable | 17/49 | €361,152 | €378,833 | +€17,681 | +4.9% |
| Amounts payable after more than one year | 17 | €203,611 | €139,860 | -€63,751 | -31.3% |
| Financial debts | 170/4 | €203,611 | €139,860 | -€63,751 | -31.3% |
| Amounts payable within one year | 42/48 | €157,541 | €238,973 | +€81,432 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €62,003 | €68,809 | +€6,806 | +11.0% |
| Trade debts | 44 | €48,965 | €62,028 | +€13,063 | +26.7% |
| Suppliers | 440/4 | €48,965 | €62,028 | +€13,063 | +26.7% |
| Taxes, remuneration and social security | 45 | €46,010 | €11,873 | -€34,137 | -74.2% |
| Taxes | 450/3 | €25,677 | €2,977 | -€22,700 | -88.4% |
| Remuneration and social security | 454/9 | €20,333 | €8,896 | -€11,437 | -56.2% |
| Other amounts payable | 47/48 | €563 | €96,263 | +€95,700 | +16998.2% |
| Remuneration, social security and pensions | 62 | €289,968 | €238,050 | -€51,918 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,640 | €54,040 | +€12,400 | +29.8% |
| Other operating charges | 640/8 | €4,360 | €4,437 | +€77 | +1.8% |
| Gross operating margin | 9900 | €417,871 | €401,828 | -€16,043 | -3.8% |
| Operating profit (loss) | 9901 | €81,903 | €105,301 | +€23,398 | +28.6% |
| Financial income | 75/76B | - | €2,883 | +€2,883 | |
| Recurring financial income | 75 | - | €2,883 | +€2,883 | |
| Financial charges | 65/66B | €12,431 | €12,961 | +€530 | +4.3% |
| Recurring financial charges | 65 | €12,431 | €12,961 | +€530 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €69,472 | €95,223 | +€25,751 | +37.1% |
| Income taxes | 67/77 | €24,346 | €2,647 | -€21,699 | -89.1% |
| Profit (loss) for the period | 9904 | €45,126 | €92,576 | +€47,450 | +105.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,126 | €92,576 | +€47,450 | +105.2% |
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 11 October 2026 via checked.be.