Copy - Plan: 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.
Copy - Plan
Largest movements
- Receivables within one year +€27,114
up €27,114 (+76.2%), from €35,564 to €62,678
- Tangible fixed assets -€19,804
down €19,804 (-20.0%), from €98,940 to €79,137
of which Land and buildings: -€19,804
- Cash -€10,040
down €10,040 (-39.2%), from €25,621 to €15,582
mainly Receivables within one year (-€27,114) and Debts after one year (-€15,045)
- Stocks and contracts -€5,326
down €5,326 (-30.5%), from €17,482 to €12,156
- Profit (loss) carried forward +€16,898
up €16,898 (+10.7%), from -€157,455 to -€140,556
- Debts after one year -€15,045
down €15,045 (-41.2%), from €36,510 to €21,465
- Short-term financial debts -€13,331
no longer reported in 2025 (was €13,331)
- Trade debts +€2,827
up €2,827 (+21.1%), from €13,420 to €16,247
- Gross operating margin +€15,103
up €15,103 (+28.6%), from €52,843 to €67,946
- Depreciation -€5,273
down €5,273 (-21.0%), from €25,076 to €19,804
- Other operating charges -€2,065
down €2,065 (-21.3%), from €9,696 to €7,631
- Staff costs +€1,249
up €1,249 (+9.1%), from €13,720 to €14,969
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 | €177,744 | €169,689 | -€8,055 | -4.5% |
| Fixed assets | 21/28 | €99,076 | €79,272 | -€19,804 | -20.0% |
| Tangible fixed assets | 22/27 | €98,940 | €79,137 | -€19,804 | -20.0% |
| Land and buildings | 22 | €98,940 | €79,137 | -€19,804 | -20.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €78,668 | €90,417 | +€11,749 | +14.9% |
| Stocks and contracts in progress | 3 | €17,482 | €12,156 | -€5,326 | -30.5% |
| Stocks | 30/36 | €17,482 | €12,156 | -€5,326 | -30.5% |
| Amounts receivable within one year | 40/41 | €35,564 | €62,678 | +€27,114 | +76.2% |
| Trade receivables | 40 | €35,564 | €62,678 | +€27,114 | +76.2% |
| Cash at bank and in hand | 54/58 | €25,621 | €15,582 | -€10,040 | -39.2% |
| Total equity and liabilities | 10/49 | €177,744 | €169,689 | -€8,055 | -4.5% |
| Equity | 10/15 | €93,184 | €110,082 | +€16,898 | +18.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €638 | €638 | = | 0.0% |
| Non-distributable reserves | 130/1 | €638 | €638 | = | 0.0% |
| Legal reserve | 130 | €638 | €638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,455 | -€140,556 | +€16,898 | +10.7% |
| Amounts payable | 17/49 | €84,560 | €59,607 | -€24,953 | -29.5% |
| Amounts payable after more than one year | 17 | €36,510 | €21,465 | -€15,045 | -41.2% |
| Financial debts | 170/4 | €36,510 | €21,465 | -€15,045 | -41.2% |
| Amounts payable within one year | 42/48 | €48,050 | €38,142 | -€9,908 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €15,615 | €15,045 | -€570 | -3.7% |
| Financial debts | 43 | €13,331 | - | -€13,331 | |
| Credit institutions | 430/8 | €13,331 | - | -€13,331 | |
| Trade debts | 44 | €13,420 | €16,247 | +€2,827 | +21.1% |
| Suppliers | 440/4 | €13,420 | €16,247 | +€2,827 | +21.1% |
| Taxes, remuneration and social security | 45 | €5,685 | €6,851 | +€1,166 | +20.5% |
| Taxes | 450/3 | €5,377 | €5,985 | +€607 | +11.3% |
| Remuneration and social security | 454/9 | €307 | €866 | +€558 | +181.6% |
| Remuneration, social security and pensions | 62 | €13,720 | €14,969 | +€1,249 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,076 | €19,804 | -€5,273 | -21.0% |
| Other operating charges | 640/8 | €9,696 | €7,631 | -€2,065 | -21.3% |
| Gross operating margin | 9900 | €52,843 | €67,946 | +€15,103 | +28.6% |
| Operating profit (loss) | 9901 | €4,350 | €25,542 | +€21,192 | +487.2% |
| Financial charges | 65/66B | €8,440 | €8,643 | +€203 | +2.4% |
| Recurring financial charges | 65 | €8,440 | €8,643 | +€203 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,090 | €16,898 | +€20,988 | |
| Profit (loss) for the period | 9904 | -€4,090 | €16,898 | +€20,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,090 | €16,898 | +€20,988 |
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 3 October 2026 via checked.be.