CONCEPT COLOR: 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 COLOR
Largest movements
- Receivables within one year -€181,621
down €181,621 (-13.6%), from €1.3m to €1.2m
of which Other amounts receivable: -€148,108
- Cash -€130,694
down €130,694 (-39.8%), from €328,351 to €197,657
mainly Tax, wage and social debts (-€194,551) and Trade debts (-€68,195)
- Tangible fixed assets +€36,056
up €36,056 (+1133.1%), from €3,182 to €39,238
of which Furniture and vehicles: +€25,334
- Tax, wage and social debts -€194,551
down €194,551 (-59.2%), from €328,481 to €133,930
of which Taxes: -€221,946
- Trade debts -€68,195
down €68,195 (-5.4%), from €1.3m to €1.2m
- Other debts -€53,751
down €53,751 (-80.6%), from €66,727 to €12,976
- Profit (loss) carried forward +€28,687
up €28,687 (+16.8%), from €171,238 to €199,925
- Gross operating margin +€218,036
up €218,036 (+26.4%), from €827,441 to €1.0m
- Taxes -€195,640
down €195,640 (-78.1%), from €250,458 to €54,818
- Staff costs +€104,539
up €104,539 (+14.0%), from €748,007 to €852,546
- Other operating charges +€79,436
up €79,436 (+748.1%), from €10,619 to €90,055
- Financial charges -€34,558
down €34,558 (-74.9%), from €46,147 to €11,589
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 | €1,948,509 | €1,660,431 | -€288,078 | -14.8% |
| Fixed assets | 21/28 | €94,593 | €132,261 | +€37,668 | +39.8% |
| Intangible fixed assets | 21 | €575 | €0 | -€575 | -100.0% |
| Tangible fixed assets | 22/27 | €3,182 | €39,238 | +€36,056 | +1133.1% |
| Plant, machinery and equipment | 23 | €1,961 | €8,131 | +€6,170 | +314.7% |
| Furniture and vehicles | 24 | €1,222 | €26,556 | +€25,334 | +2073.1% |
| Other tangible fixed assets | 26 | - | €4,551 | +€4,551 | |
| Financial fixed assets | 28 | €90,835 | €93,023 | +€2,188 | +2.4% |
| Current assets | 29/58 | €1,853,916 | €1,528,170 | -€325,746 | -17.6% |
| Stocks and contracts in progress | 3 | €176,978 | €170,121 | -€6,857 | -3.9% |
| Stocks | 30/36 | €96,145 | €170,121 | +€73,976 | +76.9% |
| Contracts in progress | 37 | €80,833 | €0 | -€80,833 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,338,975 | €1,157,354 | -€181,621 | -13.6% |
| Trade receivables | 40 | €939,548 | €906,035 | -€33,513 | -3.6% |
| Other amounts receivable | 41 | €399,427 | €251,319 | -€148,108 | -37.1% |
| Cash at bank and in hand | 54/58 | €328,351 | €197,657 | -€130,694 | -39.8% |
| Deferred charges and accrued income | 490/1 | €9,613 | €3,038 | -€6,575 | -68.4% |
| Total equity and liabilities | 10/49 | €1,948,509 | €1,660,431 | -€288,078 | -14.8% |
| Equity | 10/15 | €278,419 | €307,106 | +€28,687 | +10.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €90,981 | €90,981 | -€0 | 0.0% |
| Distributable reserves | 133 | €90,981 | €90,981 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €171,238 | €199,925 | +€28,687 | +16.8% |
| Amounts payable | 17/49 | €1,670,090 | €1,353,325 | -€316,765 | -19.0% |
| Amounts payable within one year | 42/48 | €1,668,855 | €1,352,686 | -€316,169 | -18.9% |
| Financial debts | 43 | €7,870 | €8,199 | +€329 | +4.2% |
| Credit institutions | 430/8 | €7,870 | €8,199 | +€329 | +4.2% |
| Trade debts | 44 | €1,265,777 | €1,197,582 | -€68,195 | -5.4% |
| Suppliers | 440/4 | €1,265,777 | €1,197,582 | -€68,195 | -5.4% |
| Taxes, remuneration and social security | 45 | €328,481 | €133,930 | -€194,551 | -59.2% |
| Taxes | 450/3 | €252,825 | €30,879 | -€221,946 | -87.8% |
| Remuneration and social security | 454/9 | €75,656 | €103,051 | +€27,395 | +36.2% |
| Other amounts payable | 47/48 | €66,727 | €12,976 | -€53,751 | -80.6% |
| Accrued charges and deferred income | 492/3 | €1,236 | €638 | -€598 | -48.4% |
| Remuneration, social security and pensions | 62 | €748,007 | €852,546 | +€104,539 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,732 | €6,791 | +€4,059 | +148.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,576 | €0 | +€4,576 | |
| Other operating charges | 640/8 | €10,619 | €90,055 | +€79,436 | +748.1% |
| Non-recurring operating charges | 66A | €10,839 | €2,958 | -€7,881 | -72.7% |
| Gross operating margin | 9900 | €827,441 | €1,045,477 | +€218,036 | +26.4% |
| Operating profit (loss) | 9901 | €59,821 | €93,127 | +€33,306 | +55.7% |
| Financial income | 75/76B | €26,199 | €1,968 | -€24,231 | -92.5% |
| Recurring financial income | 75 | €26,199 | €1,968 | -€24,231 | -92.5% |
| Financial charges | 65/66B | €46,147 | €11,589 | -€34,558 | -74.9% |
| Recurring financial charges | 65 | €46,147 | €11,589 | -€34,558 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €39,873 | €83,506 | +€43,633 | +109.4% |
| Income taxes | 67/77 | €250,458 | €54,818 | -€195,640 | -78.1% |
| Profit (loss) for the period | 9904 | -€210,585 | €28,688 | +€239,273 | |
| Profit (loss) for the period to be appropriated | 9905 | -€210,585 | €28,688 | +€239,273 |
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.