CONCEPT 32: 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.
CONCEPT 32
Largest movements
- Receivables within one year -€68,362
down €68,362 (-34.5%), from €198,012 to €129,650
of which Trade receivables: -€67,864
- Receivables after one year +€64,900
new in 2025: €64,900
- Cash +€23,634
up €23,634 (+217.3%), from €10,877 to €34,511
mainly Net result for the year (+€110,991) and Receivables within one year (+€68,362)
- Tangible fixed assets +€21,341
up €21,341 (+15.0%), from €142,472 to €163,812
of which Land and buildings: +€23,446
- Trade debts -€174,040
down €174,040 (-90.3%), from €192,663 to €18,623
- Profit (loss) carried forward +€110,991
up €110,991 (+523.8%), from €21,192 to €132,183
- Tax, wage and social debts +€50,244
up €50,244 (+449.1%), from €11,189 to €61,432
of which Taxes: +€42,693
- Debts after one year +€48,446
up €48,446 (+40.4%), from €120,000 to €168,446
- Current portion of long-term debt +€5,871
new in 2025: €5,871
- Turnover -€257,405
no longer reported in 2025 (was €257,405)
- Purchases and services -€201,905
no longer reported in 2025 (was €201,905)
- Gross operating margin +€170,979
up €170,979 (+296.9%), from €57,590 to €228,569
- Depreciation +€34,411
up €34,411 (+935.2%), from €3,680 to €38,091
- Taxes +€25,480
up €25,480 (+317.5%), from €8,025 to €33,505
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 | €351,361 | €392,873 | +€41,512 | +11.8% |
| Fixed assets | 21/28 | €142,472 | €163,812 | +€21,341 | +15.0% |
| Tangible fixed assets | 22/27 | €142,472 | €163,812 | +€21,341 | +15.0% |
| Land and buildings | 22 | €119,093 | €142,538 | +€23,446 | +19.7% |
| Furniture and vehicles | 24 | €23,379 | €21,274 | -€2,105 | -9.0% |
| Current assets | 29/58 | €208,889 | €229,061 | +€20,171 | +9.7% |
| Amounts receivable after more than one year | 29 | - | €64,900 | +€64,900 | |
| Other amounts receivable | 291 | - | €64,900 | +€64,900 | |
| Amounts receivable within one year | 40/41 | €198,012 | €129,650 | -€68,362 | -34.5% |
| Trade receivables | 40 | €134,134 | €66,270 | -€67,864 | -50.6% |
| Other amounts receivable | 41 | €63,878 | €63,380 | -€498 | -0.8% |
| Cash at bank and in hand | 54/58 | €10,877 | €34,511 | +€23,634 | +217.3% |
| Total equity and liabilities | 10/49 | €351,361 | €392,873 | +€41,512 | +11.8% |
| Equity | 10/15 | €26,192 | €137,183 | +€110,991 | +423.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,192 | €132,183 | +€110,991 | +523.8% |
| Amounts payable | 17/49 | €325,170 | €255,690 | -€69,479 | -21.4% |
| Amounts payable after more than one year | 17 | €120,000 | €168,446 | +€48,446 | +40.4% |
| Financial debts | 170/4 | €120,000 | €168,446 | +€48,446 | +40.4% |
| Amounts payable within one year | 42/48 | €205,170 | €87,245 | -€117,925 | -57.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,871 | +€5,871 | |
| Trade debts | 44 | €192,663 | €18,623 | -€174,040 | -90.3% |
| Suppliers | 440/4 | €192,663 | €18,623 | -€174,040 | -90.3% |
| Taxes, remuneration and social security | 45 | €11,189 | €61,432 | +€50,244 | +449.1% |
| Taxes | 450/3 | €11,189 | €53,882 | +€42,693 | +381.6% |
| Remuneration and social security | 454/9 | - | €7,551 | +€7,551 | |
| Other amounts payable | 47/48 | €1,318 | €1,318 | = | 0.0% |
| Turnover | 70 | €257,405 | - | -€257,405 | |
| Non-recurring operating income | 76A | €2,090 | - | -€2,090 | |
| Goods, raw materials, services and sundry goods | 60/61 | €201,905 | - | -€201,905 | |
| Remuneration, social security and pensions | 62 | €13,837 | €30,209 | +€16,372 | +118.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,680 | €38,091 | +€34,411 | +935.2% |
| Other operating charges | 640/8 | €8,878 | €3,908 | -€4,969 | -56.0% |
| Non-recurring operating charges | 66A | - | €3,728 | +€3,728 | |
| Gross operating margin | 9900 | €57,590 | €228,569 | +€170,979 | +296.9% |
| Operating profit (loss) | 9901 | €31,195 | €152,633 | +€121,438 | +389.3% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €1,979 | €8,167 | +€6,189 | +312.7% |
| Recurring financial charges | 65 | €1,979 | €8,167 | +€6,189 | +312.7% |
| Profit (loss) for the period before taxes | 9903 | €29,216 | €144,496 | +€115,280 | +394.6% |
| Income taxes | 67/77 | €8,025 | €33,505 | +€25,480 | +317.5% |
| Profit (loss) for the period | 9904 | €21,192 | €110,991 | +€89,800 | +423.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,192 | €110,991 | +€89,800 | +423.8% |
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 8 October 2026 via checked.be.