CONCEPT BUILD: 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 BUILD
Largest movements
- Receivables within one year -€17,380
down €17,380 (-10.5%), from €165,739 to €148,358
of which Other amounts receivable: -€19,215
- Deferred charges and accrued income +€2,792
up €2,792 (+53.7%), from €5,197 to €7,988
- Profit (loss) carried forward +€17,139
up €17,139 (+28.6%), from €59,915 to €77,053
- Advances received -€14,215
no longer reported in 2025 (was €14,215)
- Short-term financial debts -€9,508
down €9,508 (-64.8%), from €14,681 to €5,173
- Debts after one year -€3,822
down €3,822 (-40.0%), from €9,563 to €5,741
- Tax, wage and social debts -€3,087
down €3,087 (-30.6%), from €10,093 to €7,006
of which Taxes: -€6,882
- Gross operating margin +€31,758
up €31,758 (+46.9%), from €67,713 to €99,470
- Staff costs +€13,718
up €13,718 (+32.0%), from €42,922 to €56,640
- Depreciation +€2,884
up €2,884 (+65.3%), from €4,414 to €7,298
- Taxes +€2,478
up €2,478 (+61.4%), from €4,037 to €6,516
- Financial charges +€1,635
up €1,635 (+44.2%), from €3,701 to €5,336
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,737 | €176,466 | -€16,271 | -8.4% |
| Fixed assets | 21/28 | €15,686 | €15,140 | -€546 | -3.5% |
| Tangible fixed assets | 22/27 | €15,177 | €14,631 | -€546 | -3.6% |
| Plant, machinery and equipment | 23 | €2,897 | €6,833 | +€3,937 | +136% |
| Furniture and vehicles | 24 | €12,280 | €7,798 | -€4,482 | -36.5% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €177,051 | €161,325 | -€15,725 | -8.9% |
| Stocks and contracts in progress | 3 | €6,115 | €4,979 | -€1,136 | -18.6% |
| Stocks | 30/36 | €6,115 | €4,979 | -€1,136 | -18.6% |
| Amounts receivable within one year | 40/41 | €165,739 | €148,358 | -€17,380 | -10.5% |
| Trade receivables | 40 | €2,881 | €4,715 | +€1,834 | +63.7% |
| Other amounts receivable | 41 | €162,858 | €143,643 | -€19,215 | -11.8% |
| Deferred charges and accrued income | 490/1 | €5,197 | €7,988 | +€2,792 | +53.7% |
| Total equity and liabilities | 10/49 | €192,737 | €176,466 | -€16,271 | -8.4% |
| Equity | 10/15 | €79,126 | €96,265 | +€17,139 | +21.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,915 | €77,053 | +€17,139 | +28.6% |
| Amounts payable | 17/49 | €113,611 | €80,201 | -€33,410 | -29.4% |
| Amounts payable after more than one year | 17 | €9,563 | €5,741 | -€3,822 | -40.0% |
| Financial debts | 170/4 | €9,563 | €5,741 | -€3,822 | -40.0% |
| Amounts payable within one year | 42/48 | €104,048 | €74,435 | -€29,612 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €3,976 | €4,156 | +€180 | +4.5% |
| Financial debts | 43 | €14,681 | €5,173 | -€9,508 | -64.8% |
| Credit institutions | 430/8 | €14,681 | €5,173 | -€9,508 | -64.8% |
| Trade debts | 44 | €56,194 | €54,215 | -€1,980 | -3.5% |
| Suppliers | 440/4 | €56,194 | €54,215 | -€1,980 | -3.5% |
| Advances received on contracts in progress | 46 | €14,215 | - | -€14,215 | |
| Taxes, remuneration and social security | 45 | €10,093 | €7,006 | -€3,087 | -30.6% |
| Taxes | 450/3 | €9,440 | €2,558 | -€6,882 | -72.9% |
| Remuneration and social security | 454/9 | €653 | €4,448 | +€3,795 | +581% |
| Other amounts payable | 47/48 | €4,888 | €3,886 | -€1,002 | -20.5% |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | €42,922 | €56,640 | +€13,718 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,414 | €7,298 | +€2,884 | +65.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €396 | +€396 | |
| Other operating charges | 640/8 | €3,346 | €4,551 | +€1,205 | +36.0% |
| Gross operating margin | 9900 | €67,713 | €99,470 | +€31,758 | +46.9% |
| Operating profit (loss) | 9901 | €17,031 | €30,585 | +€13,554 | +79.6% |
| Financial income | 75/76B | €55 | €72 | +€17 | +31.1% |
| Recurring financial income | 75 | €55 | €72 | +€17 | +31.1% |
| Financial charges | 65/66B | €3,701 | €5,336 | +€1,635 | +44.2% |
| Recurring financial charges | 65 | €3,701 | €5,336 | +€1,635 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €13,384 | €25,320 | +€11,936 | +89.2% |
| Income taxes | 67/77 | €4,037 | €6,516 | +€2,478 | +61.4% |
| Profit (loss) for the period | 9904 | €9,347 | €18,805 | +€9,458 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €9,347 | €18,805 | +€9,458 | +101% |
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 17 October 2026 via checked.be.