Concept 104: 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.
Concept 104
Largest movements
- Deferred charges and accrued income +€2,987
up €2,987 (+188.2%), from €1,587 to €4,573
- Tangible fixed assets +€2,844
up €2,844 (+3.0%), from €93,988 to €96,833
of which Leasing and similar rights: +€6,179
- Cash +€1,425
up €1,425 (+229.6%), from €621 to €2,046
mainly Depreciation (+€20,100) and Other debts (+€10,980)
- Other debts +€10,980
up €10,980 (+71.8%), from €15,288 to €26,268
- Debts after one year +€7,613
up €7,613 (+42.0%), from €18,141 to €25,754
- Tax, wage and social debts -€6,487
down €6,487 (-47.6%), from €13,627 to €7,140
of which Taxes: -€4,591
- Trade debts -€4,417
down €4,417 (-15.8%), from €27,959 to €23,542
- Gross operating margin -€35,305
down €35,305 (-51.4%), from €68,694 to €33,389
- Staff costs -€14,705
down €14,705 (-61.2%), from €24,026 to €9,321
- Financial charges -€7,136
down €7,136 (-69.0%), from €10,349 to €3,213
- Depreciation +€3,735
up €3,735 (+22.8%), from €16,365 to €20,100
- Taxes -€3,071
down €3,071, from €3,070 to -€1
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 | €103,605 | €110,776 | +€7,170 | +6.9% |
| Fixed assets | 21/28 | €93,988 | €96,833 | +€2,844 | +3.0% |
| Tangible fixed assets | 22/27 | €93,988 | €96,833 | +€2,844 | +3.0% |
| Plant, machinery and equipment | 23 | €56,096 | €52,761 | -€3,335 | -5.9% |
| Leasing and similar rights | 25 | €37,892 | €44,072 | +€6,179 | +16.3% |
| Current assets | 29/58 | €9,617 | €13,943 | +€4,326 | +45.0% |
| Amounts receivable within one year | 40/41 | €7,410 | €7,324 | -€86 | -1.2% |
| Trade receivables | 40 | €7,354 | €7,324 | -€30 | -0.4% |
| Other amounts receivable | 41 | €56 | - | -€56 | |
| Cash at bank and in hand | 54/58 | €621 | €2,046 | +€1,425 | +229.6% |
| Deferred charges and accrued income | 490/1 | €1,587 | €4,573 | +€2,987 | +188.2% |
| Total equity and liabilities | 10/49 | €103,605 | €110,776 | +€7,170 | +6.9% |
| Equity | 10/15 | €15,897 | €16,165 | +€268 | +1.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,897 | €13,165 | +€268 | +2.1% |
| Amounts payable | 17/49 | €87,708 | €94,611 | +€6,903 | +7.9% |
| Amounts payable after more than one year | 17 | €18,141 | €25,754 | +€7,613 | +42.0% |
| Financial debts | 170/4 | €18,141 | €25,754 | +€7,613 | +42.0% |
| Amounts payable within one year | 42/48 | €69,567 | €68,856 | -€711 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €12,694 | €11,907 | -€787 | -6.2% |
| Trade debts | 44 | €27,959 | €23,542 | -€4,417 | -15.8% |
| Suppliers | 440/4 | €27,959 | €23,542 | -€4,417 | -15.8% |
| Taxes, remuneration and social security | 45 | €13,627 | €7,140 | -€6,487 | -47.6% |
| Taxes | 450/3 | €8,933 | €4,342 | -€4,591 | -51.4% |
| Remuneration and social security | 454/9 | €4,694 | €2,798 | -€1,897 | -40.4% |
| Other amounts payable | 47/48 | €15,288 | €26,268 | +€10,980 | +71.8% |
| Remuneration, social security and pensions | 62 | €24,026 | €9,321 | -€14,705 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,365 | €20,100 | +€3,735 | +22.8% |
| Other operating charges | 640/8 | €2,333 | €489 | -€1,844 | -79.0% |
| Gross operating margin | 9900 | €68,694 | €33,389 | -€35,305 | -51.4% |
| Operating profit (loss) | 9901 | €25,970 | €3,479 | -€22,491 | -86.6% |
| Financial income | 75/76B | €57 | €1 | -€56 | -97.9% |
| Recurring financial income | 75 | €57 | €1 | -€56 | -97.9% |
| Financial charges | 65/66B | €10,349 | €3,213 | -€7,136 | -69.0% |
| Recurring financial charges | 65 | €10,349 | €3,213 | -€7,136 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €15,678 | €267 | -€15,411 | -98.3% |
| Income taxes | 67/77 | €3,070 | -€1 | -€3,071 | |
| Profit (loss) for the period | 9904 | €12,608 | €268 | -€12,341 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,608 | €268 | -€12,341 | -97.9% |
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.