CONTRAST: 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.
CONTRAST
Largest movements
- Cash +€61,061
up €61,061 (+54.5%), from €112,074 to €173,135
mainly Depreciation (+€60,874) and Receivables within one year (+€54,710)
- Receivables within one year -€54,710
down €54,710 (-17.0%), from €322,365 to €267,655
of which Trade receivables: -€63,109
- Tangible fixed assets -€46,645
down €46,645 (-8.3%), from €563,446 to €516,801
of which Furniture and vehicles: -€26,113
- Tax, wage and social debts -€32,976
down €32,976 (-51.9%), from €63,533 to €30,556
of which Taxes: -€24,414
- Trade debts +€16,812
up €16,812 (+257%), from €6,533 to €23,345
- Profit (loss) carried forward -€16,467
down €16,467, from €2,526 to -€13,941
- Gross operating margin -€89,291
down €89,291 (-39.3%), from €227,309 to €138,018
- Taxes -€13,679
down €13,679 (-100.0%), from €13,679 to €0
- Financial charges -€6,033
down €6,033 (-93.6%), from €6,448 to €415
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 | €1,384,635 | €1,344,342 | -€40,294 | -2.9% |
| Fixed assets | 21/28 | €950,196 | €903,551 | -€46,645 | -4.9% |
| Tangible fixed assets | 22/27 | €563,446 | €516,801 | -€46,645 | -8.3% |
| Land and buildings | 22 | €465,709 | €445,930 | -€19,779 | -4.2% |
| Plant, machinery and equipment | 23 | €3,012 | €2,259 | -€753 | -25.0% |
| Furniture and vehicles | 24 | €94,725 | €68,612 | -€26,113 | -27.6% |
| Financial fixed assets | 28 | €386,750 | €386,750 | = | 0.0% |
| Current assets | 29/58 | €434,439 | €440,791 | +€6,351 | +1.5% |
| Amounts receivable within one year | 40/41 | €322,365 | €267,655 | -€54,710 | -17.0% |
| Trade receivables | 40 | €225,899 | €162,790 | -€63,109 | -27.9% |
| Other amounts receivable | 41 | €96,466 | €104,865 | +€8,400 | +8.7% |
| Cash at bank and in hand | 54/58 | €112,074 | €173,135 | +€61,061 | +54.5% |
| Total equity and liabilities | 10/49 | €1,384,635 | €1,344,342 | -€40,294 | -2.9% |
| Equity | 10/15 | €1,203,334 | €1,186,867 | -€16,467 | -1.4% |
| Contributions | 10/11 | €602,000 | €602,000 | = | 0.0% |
| Reserves | 13 | €598,808 | €598,808 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,273 | €28,273 | = | 0.0% |
| Distributable reserves | 133 | €570,534 | €570,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,526 | -€13,941 | -€16,467 | |
| Amounts payable | 17/49 | €181,301 | €157,475 | -€23,826 | -13.1% |
| Amounts payable within one year | 42/48 | €175,119 | €157,475 | -€17,644 | -10.1% |
| Trade debts | 44 | €6,533 | €23,345 | +€16,812 | +257% |
| Suppliers | 440/4 | €6,533 | €23,345 | +€16,812 | +257% |
| Taxes, remuneration and social security | 45 | €63,533 | €30,556 | -€32,976 | -51.9% |
| Taxes | 450/3 | €44,754 | €20,340 | -€24,414 | -54.6% |
| Remuneration and social security | 454/9 | €18,778 | €10,216 | -€8,562 | -45.6% |
| Other amounts payable | 47/48 | €105,054 | €103,573 | -€1,481 | -1.4% |
| Accrued charges and deferred income | 492/3 | €6,182 | - | -€6,182 | |
| Remuneration, social security and pensions | 62 | €87,074 | €86,853 | -€220 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,713 | €60,874 | +€1,161 | +1.9% |
| Other operating charges | 640/8 | €7,437 | €6,343 | -€1,094 | -14.7% |
| Gross operating margin | 9900 | €227,309 | €138,018 | -€89,291 | -39.3% |
| Operating profit (loss) | 9901 | €73,086 | -€16,052 | -€89,137 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -80.9% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -80.9% |
| Financial charges | 65/66B | €6,448 | €415 | -€6,033 | -93.6% |
| Recurring financial charges | 65 | €6,448 | €415 | -€6,033 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €66,640 | -€16,467 | -€83,107 | |
| Income taxes | 67/77 | €13,679 | €0 | -€13,679 | -100.0% |
| Profit (loss) for the period | 9904 | €52,961 | -€16,467 | -€69,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,961 | -€16,467 | -€69,428 |
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 14 October 2026 via checked.be.