Combats: 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.
Combats
Largest movements
- Receivables within one year +€74,576
up €74,576 (+618.1%), from €12,065 to €86,641
of which Other amounts receivable: +€73,372
- Cash +€16,652
up €16,652 (+6.8%), from €244,092 to €260,745
mainly Tax, wage and social debts (+€44,374) and Net result for the year (+€36,828)
- Deferred charges and accrued income -€5,272
down €5,272 (-45.7%), from €11,525 to €6,253
- Stocks and contracts -€5,210
down €5,210 (-20.7%), from €25,200 to €19,990
- Tax, wage and social debts +€44,374
up €44,374 (+98.7%), from €44,939 to €89,314
of which Remuneration and social security: +€30,671
- Reserves +€36,828
up €36,828 (+511.9%), from €7,194 to €44,022
- Trade debts -€28,172
down €28,172 (-14.4%), from €195,907 to €167,735
- Accrued charges and deferred income +€27,655
up €27,655 (+88.0%), from €31,436 to €59,090
- Advances received +€4,495
new in 2025: €4,495
- Gross operating margin +€594,769
up €594,769 (+282.2%), from €210,746 to €805,515
- Staff costs +€546,083
up €546,083 (+283.5%), from €192,628 to €738,710
- Taxes +€11,738
up €11,738 (+341.1%), from €3,442 to €15,180
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 | €295,882 | €376,628 | +€80,746 | +27.3% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €292,882 | €373,628 | +€80,746 | +27.6% |
| Stocks and contracts in progress | 3 | €25,200 | €19,990 | -€5,210 | -20.7% |
| Stocks | 30/36 | €25,200 | €19,990 | -€5,210 | -20.7% |
| Amounts receivable within one year | 40/41 | €12,065 | €86,641 | +€74,576 | +618.1% |
| Trade receivables | 40 | €12,065 | €13,268 | +€1,203 | +10.0% |
| Other amounts receivable | 41 | - | €73,372 | +€73,372 | |
| Cash at bank and in hand | 54/58 | €244,092 | €260,745 | +€16,652 | +6.8% |
| Deferred charges and accrued income | 490/1 | €11,525 | €6,253 | -€5,272 | -45.7% |
| Total equity and liabilities | 10/49 | €295,882 | €376,628 | +€80,746 | +27.3% |
| Equity | 10/15 | €17,194 | €54,022 | +€36,828 | +214.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,194 | €44,022 | +€36,828 | +511.9% |
| Distributable reserves | 133 | €7,194 | €44,022 | +€36,828 | +511.9% |
| Amounts payable | 17/49 | €278,688 | €322,606 | +€43,917 | +15.8% |
| Amounts payable within one year | 42/48 | €247,252 | €263,515 | +€16,263 | +6.6% |
| Trade debts | 44 | €195,907 | €167,735 | -€28,172 | -14.4% |
| Suppliers | 440/4 | €195,907 | €167,735 | -€28,172 | -14.4% |
| Advances received on contracts in progress | 46 | - | €4,495 | +€4,495 | |
| Taxes, remuneration and social security | 45 | €44,939 | €89,314 | +€44,374 | +98.7% |
| Taxes | 450/3 | €4,918 | €18,621 | +€13,703 | +278.6% |
| Remuneration and social security | 454/9 | €40,021 | €70,692 | +€30,671 | +76.6% |
| Other amounts payable | 47/48 | €6,406 | €1,972 | -€4,434 | -69.2% |
| Accrued charges and deferred income | 492/3 | €31,436 | €59,090 | +€27,655 | +88.0% |
| Remuneration, social security and pensions | 62 | €192,628 | €738,710 | +€546,083 | +283.5% |
| Other operating charges | 640/8 | €1,193 | €1,685 | +€492 | +41.2% |
| Gross operating margin | 9900 | €210,746 | €805,515 | +€594,769 | +282.2% |
| Operating profit (loss) | 9901 | €16,925 | €65,119 | +€48,194 | +284.8% |
| Financial income | 75/76B | €107 | €52 | -€55 | -51.1% |
| Recurring financial income | 75 | €107 | €52 | -€55 | -51.1% |
| Financial charges | 65/66B | €6,396 | €13,164 | +€6,767 | +105.8% |
| Recurring financial charges | 65 | €6,396 | €13,164 | +€6,767 | +105.8% |
| Profit (loss) for the period before taxes | 9903 | €10,636 | €52,008 | +€41,373 | +389.0% |
| Income taxes | 67/77 | €3,442 | €15,180 | +€11,738 | +341.1% |
| Profit (loss) for the period | 9904 | €7,194 | €36,828 | +€29,634 | +411.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,194 | €36,828 | +€29,634 | +411.9% |
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 5 October 2026 via checked.be.