CONCEPT CONTROL: 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 CONTROL
Largest movements
- Receivables within one year +€514,719
up €514,719 (+113.9%), from €452,015 to €966,734
of which Trade receivables: +€522,692
- Deferred charges and accrued income -€25,047
down €25,047 (-59.2%), from €42,335 to €17,288
- Cash +€22,683
up €22,683 (+68.8%), from €32,977 to €55,660
mainly Short-term financial debts (+€285,000) and Advances received (+€198,427)
- Tangible fixed assets -€14,354
down €14,354 (-46.8%), from €30,649 to €16,295
of which Furniture and vehicles: -€14,354
- Short-term financial debts +€285,000
up €285,000 (+1900.0%), from €15,000 to €300,000
- Advances received +€198,427
new in 2025: €198,427
- Tax, wage and social debts +€31,645
up €31,645 (+15.1%), from €209,058 to €240,703
of which Taxes: +€19,097
- Trade debts -€25,069
down €25,069 (-14.3%), from €175,267 to €150,198
- Turnover -€1.9m
no longer reported in 2025 (was €1.9m)
- Purchases and services -€1.1m
no longer reported in 2025 (was €1.1m)
- Staff costs +€132,409
up €132,409 (+18.2%), from €729,218 to €861,627
- Gross operating margin +€66,193
up €66,193 (+7.7%), from €859,039 to €925,232
- Taxes -€29,071
down €29,071 (-95.8%), from €30,341 to €1,270
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 | €567,697 | €1,062,820 | +€495,123 | +87.2% |
| Fixed assets | 21/28 | €40,370 | €23,139 | -€17,231 | -42.7% |
| Intangible fixed assets | 21 | €5,591 | €2,235 | -€3,356 | -60.0% |
| Tangible fixed assets | 22/27 | €30,649 | €16,295 | -€14,354 | -46.8% |
| Furniture and vehicles | 24 | €30,649 | €16,295 | -€14,354 | -46.8% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €4,130 | €4,608 | +€478 | +11.6% |
| Current assets | 29/58 | €527,327 | €1,039,681 | +€512,354 | +97.2% |
| Amounts receivable within one year | 40/41 | €452,015 | €966,734 | +€514,719 | +113.9% |
| Trade receivables | 40 | €443,942 | €966,634 | +€522,692 | +117.7% |
| Other amounts receivable | 41 | €8,073 | €100 | -€7,973 | -98.8% |
| Cash at bank and in hand | 54/58 | €32,977 | €55,660 | +€22,683 | +68.8% |
| Deferred charges and accrued income | 490/1 | €42,335 | €17,288 | -€25,047 | -59.2% |
| Total equity and liabilities | 10/49 | €567,697 | €1,062,820 | +€495,123 | +87.2% |
| Equity | 10/15 | €168,372 | €173,493 | +€5,121 | +3.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,469 | €15,470 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,296 | €4,296 | +€0 | 0.0% |
| Distributable reserves | 133 | €4,973 | €4,973 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €90,903 | €96,023 | +€5,120 | +5.6% |
| Amounts payable | 17/49 | €399,325 | €889,327 | +€490,002 | +122.7% |
| Amounts payable within one year | 42/48 | €399,325 | €889,327 | +€490,002 | +122.7% |
| Financial debts | 43 | €15,000 | €300,000 | +€285,000 | +1900.0% |
| Credit institutions | 430/8 | €15,000 | €300,000 | +€285,000 | +1900.0% |
| Trade debts | 44 | €175,267 | €150,198 | -€25,069 | -14.3% |
| Suppliers | 440/4 | €175,267 | €150,198 | -€25,069 | -14.3% |
| Advances received on contracts in progress | 46 | - | €198,427 | +€198,427 | |
| Taxes, remuneration and social security | 45 | €209,058 | €240,703 | +€31,645 | +15.1% |
| Taxes | 450/3 | €134,392 | €153,489 | +€19,097 | +14.2% |
| Remuneration and social security | 454/9 | €74,666 | €87,213 | +€12,547 | +16.8% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Turnover | 70 | €1,911,223 | - | -€1.9m | |
| Non-recurring operating income | 76A | - | €8,044 | +€8,044 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,084,808 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €729,218 | €861,627 | +€132,409 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,363 | €21,221 | -€2,142 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,237 | +€5,237 | |
| Other operating charges | 640/8 | €4,902 | €13,560 | +€8,658 | +176.6% |
| Gross operating margin | 9900 | €859,039 | €925,232 | +€66,193 | +7.7% |
| Operating profit (loss) | 9901 | €101,556 | €23,587 | -€77,969 | -76.8% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €5,921 | €17,234 | +€11,313 | +191.1% |
| Recurring financial charges | 65 | €5,921 | €17,234 | +€11,313 | +191.1% |
| Profit (loss) for the period before taxes | 9903 | €95,635 | €6,390 | -€89,245 | -93.3% |
| Income taxes | 67/77 | €30,341 | €1,270 | -€29,071 | -95.8% |
| Profit (loss) for the period | 9904 | €65,294 | €5,120 | -€60,174 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,294 | €5,120 | -€60,174 | -92.2% |
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.