COMPLEXCITY: 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.
COMPLEXCITY
Largest movements
- Receivables within one year -€16,735
down €16,735 (-62.0%), from €26,974 to €10,239
of which Trade receivables: -€16,577
- Cash -€14,142
down €14,142 (-31.1%), from €45,496 to €31,354
mainly Other debts (-€158,310) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets +€7,600
up €7,600 (+1.9%), from €389,730 to €397,330
of which Land and buildings: +€4,525
- Provisions +€170,000
new in 2025: €170,000
- Other debts -€158,310
down €158,310 (-75.5%), from €209,755 to €51,445
- Tax, wage and social debts -€15,204
down €15,204 (-67.2%), from €22,615 to €7,412
- Debts after one year -€9,336
down €9,336 (-7.3%), from €127,610 to €118,273
- Profit (loss) carried forward -€7,849
down €7,849 (-16.1%), from €48,867 to €41,017
- Gross operating margin +€10,734
up €10,734 (+15.5%), from €69,227 to €79,962
- Depreciation -€9,008
down €9,008 (-26.9%), from €33,526 to €24,518
- Financial charges +€7,885
up €7,885 (+128.7%), from €6,128 to €14,013
- Taxes +€3,068
up €3,068 (+48.5%), from €6,322 to €9,389
- Other operating charges -€1,012
down €1,012 (-70.6%), from €1,434 to €422
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 | €464,893 | €441,723 | -€23,170 | -5.0% |
| Fixed assets | 21/28 | €389,730 | €397,330 | +€7,600 | +1.9% |
| Tangible fixed assets | 22/27 | €389,730 | €397,330 | +€7,600 | +1.9% |
| Land and buildings | 22 | €384,546 | €389,071 | +€4,525 | +1.2% |
| Furniture and vehicles | 24 | €4,196 | €7,635 | +€3,439 | +82.0% |
| Leasing and similar rights | 25 | €827 | €623 | -€203 | -24.6% |
| Other tangible fixed assets | 26 | €162 | - | -€162 | |
| Current assets | 29/58 | €75,163 | €44,393 | -€30,769 | -40.9% |
| Amounts receivable within one year | 40/41 | €26,974 | €10,239 | -€16,735 | -62.0% |
| Trade receivables | 40 | €16,577 | - | -€16,577 | |
| Other amounts receivable | 41 | €10,397 | €10,239 | -€158 | -1.5% |
| Cash at bank and in hand | 54/58 | €45,496 | €31,354 | -€14,142 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,692 | €2,800 | +€108 | +4.0% |
| Total equity and liabilities | 10/49 | €464,893 | €441,723 | -€23,170 | -5.0% |
| Equity | 10/15 | €75,281 | €67,432 | -€7,849 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,814 | €7,814 | = | 0.0% |
| Distributable reserves | 133 | €7,814 | €7,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,867 | €41,017 | -€7,849 | -16.1% |
| Provisions and deferred taxes | 16 | - | €170,000 | +€170,000 | |
| Provisions for liabilities and charges | 160/5 | - | €170,000 | +€170,000 | |
| Other liabilities and charges | 164/5 | - | €170,000 | +€170,000 | |
| Amounts payable | 17/49 | €389,612 | €204,291 | -€185,320 | -47.6% |
| Amounts payable after more than one year | 17 | €127,610 | €118,273 | -€9,336 | -7.3% |
| Financial debts | 170/4 | €127,610 | €118,273 | -€9,336 | -7.3% |
| Amounts payable within one year | 42/48 | €245,772 | €72,044 | -€173,728 | -70.7% |
| Current portion of amounts payable after more than one year | 42 | €9,111 | €9,336 | +€226 | +2.5% |
| Trade debts | 44 | €4,291 | €3,851 | -€440 | -10.3% |
| Suppliers | 440/4 | €4,291 | €3,851 | -€440 | -10.3% |
| Taxes, remuneration and social security | 45 | €22,615 | €7,412 | -€15,204 | -67.2% |
| Taxes | 450/3 | €22,615 | €7,412 | -€15,204 | -67.2% |
| Other amounts payable | 47/48 | €209,755 | €51,445 | -€158,310 | -75.5% |
| Accrued charges and deferred income | 492/3 | €16,230 | €13,974 | -€2,256 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,526 | €24,518 | -€9,008 | -26.9% |
| Other operating charges | 640/8 | €1,434 | €422 | -€1,012 | -70.6% |
| Non-recurring operating charges | 66A | - | €248 | +€248 | |
| Gross operating margin | 9900 | €69,227 | €79,962 | +€10,734 | +15.5% |
| Operating profit (loss) | 9901 | €34,267 | €54,773 | +€20,506 | +59.8% |
| Financial income | 75/76B | €39 | €780 | +€741 | +1925.4% |
| Recurring financial income | 75 | €39 | €780 | +€741 | +1925.4% |
| Financial charges | 65/66B | €6,128 | €14,013 | +€7,885 | +128.7% |
| Recurring financial charges | 65 | €6,128 | €14,013 | +€7,885 | +128.7% |
| Profit (loss) for the period before taxes | 9903 | €28,177 | €41,540 | +€13,362 | +47.4% |
| Income taxes | 67/77 | €6,322 | €9,389 | +€3,068 | +48.5% |
| Profit (loss) for the period | 9904 | €21,856 | €32,151 | +€10,295 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,856 | €32,151 | +€10,295 | +47.1% |
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 9 October 2026 via checked.be.