CONTAINED: 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.
CONTAINED
Largest movements
- Receivables within one year +€56,492
up €56,492 (+484%), from €11,678 to €68,170
of which Trade receivables: +€58,092
- Tangible fixed assets -€35,524
down €35,524 (-83.9%), from €42,330 to €6,806
of which Plant, machinery and equipment: -€27,731
- Cash +€5,905
up €5,905 (+33.2%), from €17,809 to €23,714
mainly Investment in fixed assets (net) (+€31,147) and Net result for the year (+€23,402)
- Deferred charges and accrued income -€3,356
down €3,356 (-85.0%), from €3,946 to €590
- Financial fixed assets +€1,658
new in 2025: €1,658
- Reserves +€23,402
up €23,402 (+54.6%), from €42,860 to €66,262
- Tax, wage and social debts +€1,571
up €1,571 (+29.6%), from €5,308 to €6,879
- Depreciation -€4,612
down €4,612 (-58.4%), from €7,903 to €3,291
- Gross operating margin -€3,495
down €3,495 (-7.6%), from €46,182 to €42,687
- Financial charges +€869
up €869 (+96.5%), from €900 to €1,769
- Taxes +€753
up €753 (+6.4%), from €11,722 to €12,475
- Other operating charges +€548
up €548 (+45.6%), from €1,202 to €1,750
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
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 | €77,379 | €101,981 | +€24,602 | +31.8% |
| Fixed assets | 21/28 | €43,945 | €9,507 | -€34,438 | -78.4% |
| Intangible fixed assets | 21 | €1,615 | €1,043 | -€572 | -35.4% |
| Tangible fixed assets | 22/27 | €42,330 | €6,806 | -€35,524 | -83.9% |
| Plant, machinery and equipment | 23 | €29,119 | €1,388 | -€27,731 | -95.2% |
| Furniture and vehicles | 24 | €13,211 | €5,418 | -€7,793 | -59.0% |
| Financial fixed assets | 28 | - | €1,658 | +€1,658 | |
| Current assets | 29/58 | €33,434 | €92,474 | +€59,040 | +177% |
| Amounts receivable within one year | 40/41 | €11,678 | €68,170 | +€56,492 | +484% |
| Trade receivables | 40 | €10,078 | €68,170 | +€58,092 | +576% |
| Other amounts receivable | 41 | €1,600 | - | -€1,600 | |
| Cash at bank and in hand | 54/58 | €17,809 | €23,714 | +€5,905 | +33.2% |
| Deferred charges and accrued income | 490/1 | €3,946 | €590 | -€3,356 | -85.0% |
| Total equity and liabilities | 10/49 | €77,379 | €101,981 | +€24,602 | +31.8% |
| Equity | 10/15 | €56,445 | €79,847 | +€23,402 | +41.5% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €42,860 | €66,262 | +€23,402 | +54.6% |
| Distributable reserves | 133 | €42,860 | €66,262 | +€23,402 | +54.6% |
| Profit (loss) carried forward | 14 | €185 | €185 | = | 0.0% |
| Amounts payable | 17/49 | €20,934 | €22,134 | +€1,200 | +5.7% |
| Amounts payable within one year | 42/48 | €20,934 | €22,134 | +€1,200 | +5.7% |
| Trade debts | 44 | €370 | €612 | +€242 | +65.3% |
| Suppliers | 440/4 | €370 | €612 | +€242 | +65.3% |
| Taxes, remuneration and social security | 45 | €5,308 | €6,879 | +€1,571 | +29.6% |
| Taxes | 450/3 | €5,308 | €6,879 | +€1,571 | +29.6% |
| Other amounts payable | 47/48 | €15,256 | €14,644 | -€612 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,903 | €3,291 | -€4,612 | -58.4% |
| Other operating charges | 640/8 | €1,202 | €1,750 | +€548 | +45.6% |
| Gross operating margin | 9900 | €46,182 | €42,687 | -€3,495 | -7.6% |
| Operating profit (loss) | 9901 | €37,077 | €37,646 | +€569 | +1.5% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.6% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.6% |
| Financial charges | 65/66B | €900 | €1,769 | +€869 | +96.5% |
| Recurring financial charges | 65 | €900 | €1,769 | +€869 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €36,199 | €35,877 | -€322 | -0.9% |
| Income taxes | 67/77 | €11,722 | €12,475 | +€753 | +6.4% |
| Profit (loss) for the period | 9904 | €24,477 | €23,402 | -€1,075 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,477 | €23,402 | -€1,075 | -4.4% |
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 13 October 2026 via checked.be.