CONTRAST: 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.
CONTRAST
Largest movements
- Tangible fixed assets +€31,263
up €31,263 (+194.7%), from €16,059 to €47,323
of which Furniture and vehicles: +€31,390
- Receivables within one year -€4,798
down €4,798 (-63.4%), from €7,571 to €2,774
of which Trade receivables: -€5,284
- Cash +€3,797
up €3,797 (+11.6%), from €32,839 to €36,635
mainly Debts after one year (+€14,705) and Depreciation (+€13,816)
- Deferred charges and accrued income +€2,004
up €2,004 (+558.7%), from €359 to €2,362
- Debts after one year +€14,705
up €14,705 (+124.3%), from €11,830 to €26,535
- Current portion of long-term debt +€9,134
up €9,134 (+173.5%), from €5,266 to €14,400
- Trade debts +€4,680
up €4,680 (+156.1%), from €2,998 to €7,677
- Reserves +€1,388
up €1,388 (+5.4%), from €25,921 to €27,309
of which Distributable reserves: +€1,388
- Accrued charges and deferred income +€1,124
new in 2025: €1,124
- Depreciation +€8,390
up €8,390 (+154.6%), from €5,426 to €13,816
- Staff costs -€4,602
down €4,602 (-10.9%), from €42,221 to €37,619
- Gross operating margin -€2,654
down €2,654 (-4.5%), from €58,413 to €55,759
- Taxes -€826
down €826 (-48.7%), from €1,698 to €871
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 | €76,104 | €108,242 | +€32,138 | +42.2% |
| Fixed assets | 21/28 | €16,059 | €47,323 | +€31,263 | +194.7% |
| Tangible fixed assets | 22/27 | €16,059 | €47,323 | +€31,263 | +194.7% |
| Plant, machinery and equipment | 23 | €159 | €33 | -€126 | -79.3% |
| Furniture and vehicles | 24 | €15,900 | €47,290 | +€31,390 | +197.4% |
| Current assets | 29/58 | €60,044 | €60,919 | +€875 | +1.5% |
| Stocks and contracts in progress | 3 | €19,276 | €19,148 | -€128 | -0.7% |
| Stocks | 30/36 | €13,450 | €19,148 | +€5,698 | +42.4% |
| Contracts in progress | 37 | €5,826 | - | -€5,826 | |
| Amounts receivable within one year | 40/41 | €7,571 | €2,774 | -€4,798 | -63.4% |
| Trade receivables | 40 | €5,284 | - | -€5,284 | |
| Other amounts receivable | 41 | €2,287 | €2,774 | +€486 | +21.3% |
| Cash at bank and in hand | 54/58 | €32,839 | €36,635 | +€3,797 | +11.6% |
| Deferred charges and accrued income | 490/1 | €359 | €2,362 | +€2,004 | +558.7% |
| Total equity and liabilities | 10/49 | €76,104 | €108,242 | +€32,138 | +42.2% |
| Equity | 10/15 | €32,121 | €33,509 | +€1,388 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,921 | €27,309 | +€1,388 | +5.4% |
| Tax-exempt reserves | 132 | €16 | €16 | = | 0.0% |
| Distributable reserves | 133 | €25,904 | €27,293 | +€1,388 | +5.4% |
| Amounts payable | 17/49 | €43,983 | €74,733 | +€30,750 | +69.9% |
| Amounts payable after more than one year | 17 | €11,830 | €26,535 | +€14,705 | +124.3% |
| Financial debts | 170/4 | €11,830 | €26,535 | +€14,705 | +124.3% |
| Amounts payable within one year | 42/48 | €32,153 | €47,074 | +€14,920 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €5,266 | €14,400 | +€9,134 | +173.5% |
| Trade debts | 44 | €2,998 | €7,677 | +€4,680 | +156.1% |
| Suppliers | 440/4 | €2,998 | €7,677 | +€4,680 | +156.1% |
| Taxes, remuneration and social security | 45 | €4,006 | €4,657 | +€650 | +16.2% |
| Taxes | 450/3 | €198 | €1,154 | +€956 | +483.9% |
| Remuneration and social security | 454/9 | €3,809 | €3,502 | -€306 | -8.0% |
| Other amounts payable | 47/48 | €19,883 | €20,339 | +€456 | +2.3% |
| Accrued charges and deferred income | 492/3 | - | €1,124 | +€1,124 | |
| Remuneration, social security and pensions | 62 | €42,221 | €37,619 | -€4,602 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,426 | €13,816 | +€8,390 | +154.6% |
| Other operating charges | 640/8 | €1,203 | €795 | -€407 | -33.9% |
| Gross operating margin | 9900 | €58,413 | €55,759 | -€2,654 | -4.5% |
| Operating profit (loss) | 9901 | €9,564 | €3,528 | -€6,035 | -63.1% |
| Financial income | 75/76B | €0 | €238 | +€238 | +339442.9% |
| Recurring financial income | 75 | €0 | €238 | +€238 | +339442.9% |
| Financial charges | 65/66B | €1,331 | €1,507 | +€176 | +13.2% |
| Recurring financial charges | 65 | €1,331 | €1,507 | +€176 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €8,233 | €2,259 | -€5,973 | -72.6% |
| Income taxes | 67/77 | €1,698 | €871 | -€826 | -48.7% |
| Profit (loss) for the period | 9904 | €6,535 | €1,388 | -€5,147 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,535 | €1,388 | -€5,147 | -78.8% |
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.