CORPORATE A&A: 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.
CORPORATE A&A
Largest movements
- Receivables within one year +€31,265
up €31,265 (+82.8%), from €37,772 to €69,038
of which Trade receivables: +€18,926
- Cash -€20,460
down €20,460 (-76.4%), from €26,786 to €6,327
mainly Receivables within one year (-€31,265) and Contributions, distributions and other (-€20,000)
- Stocks and contracts +€16,801
up €16,801 (+108%), from €15,596 to €32,398
- Intangible fixed assets -€6,300
down €6,300 (-12.5%), from €50,400 to €44,100
- Deferred charges and accrued income +€1,653
new in 2025: €1,653
- Other debts +€16,828
new in 2025: €16,828
- Debts after one year -€15,714
down €15,714 (-51.9%), from €30,300 to €14,586
- Trade debts +€15,013
up €15,013 (+31.7%), from €47,384 to €62,398
- Tax, wage and social debts +€4,038
up €4,038 (+22.3%), from €18,131 to €22,169
of which Taxes: +€6,507
- Profit (loss) carried forward +€2,819
up €2,819 (+14.2%), from €19,863 to €22,682
- Turnover +€33,006
up €33,006 (+4.0%), from €817,676 to €850,683
- Gross operating margin +€22,344
up €22,344 (+24.9%), from €89,784 to €112,128
- Staff costs +€15,233
up €15,233 (+32.6%), from €46,751 to €61,984
- Purchases and services +€10,569
up €10,569 (+1.5%), from €727,986 to €738,555
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 | €142,010 | €163,817 | +€21,807 | +15.4% |
| Fixed assets | 21/28 | €61,855 | €54,402 | -€7,453 | -12.0% |
| Intangible fixed assets | 21 | €50,400 | €44,100 | -€6,300 | -12.5% |
| Tangible fixed assets | 22/27 | €1,153 | - | -€1,153 | |
| Furniture and vehicles | 24 | €1,153 | - | -€1,153 | |
| Financial fixed assets | 28 | €10,302 | €10,302 | = | 0.0% |
| Current assets | 29/58 | €80,155 | €109,415 | +€29,260 | +36.5% |
| Stocks and contracts in progress | 3 | €15,596 | €32,398 | +€16,801 | +108% |
| Stocks | 30/36 | €15,596 | €32,398 | +€16,801 | +108% |
| Amounts receivable within one year | 40/41 | €37,772 | €69,038 | +€31,265 | +82.8% |
| Trade receivables | 40 | €18,463 | €37,389 | +€18,926 | +103% |
| Other amounts receivable | 41 | €19,309 | €31,648 | +€12,339 | +63.9% |
| Cash at bank and in hand | 54/58 | €26,786 | €6,327 | -€20,460 | -76.4% |
| Deferred charges and accrued income | 490/1 | - | €1,653 | +€1,653 | |
| Total equity and liabilities | 10/49 | €142,010 | €163,817 | +€21,807 | +15.4% |
| Equity | 10/15 | €29,863 | €32,682 | +€2,819 | +9.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | - | €10,000 | +€10,000 | |
| Issued capital | 100 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €19,863 | €22,682 | +€2,819 | +14.2% |
| Amounts payable | 17/49 | €112,147 | €131,136 | +€18,989 | +16.9% |
| Amounts payable after more than one year | 17 | €30,300 | €14,586 | -€15,714 | -51.9% |
| Financial debts | 170/4 | €30,300 | €14,586 | -€15,714 | -51.9% |
| Amounts payable within one year | 42/48 | €81,847 | €116,549 | +€34,703 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €16,331 | €15,154 | -€1,177 | -7.2% |
| Trade debts | 44 | €47,384 | €62,398 | +€15,013 | +31.7% |
| Suppliers | 440/4 | €47,384 | €62,398 | +€15,013 | +31.7% |
| Taxes, remuneration and social security | 45 | €18,131 | €22,169 | +€4,038 | +22.3% |
| Taxes | 450/3 | €10,152 | €16,659 | +€6,507 | +64.1% |
| Remuneration and social security | 454/9 | €7,979 | €5,510 | -€2,469 | -30.9% |
| Other amounts payable | 47/48 | - | €16,828 | +€16,828 | |
| Turnover | 70 | €817,676 | €850,683 | +€33,006 | +4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €727,986 | €738,555 | +€10,569 | +1.5% |
| Remuneration, social security and pensions | 62 | €46,751 | €61,984 | +€15,233 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,753 | €7,453 | -€6,300 | -45.8% |
| Other operating charges | 640/8 | €865 | €2,120 | +€1,255 | +145% |
| Gross operating margin | 9900 | €89,784 | €112,128 | +€22,344 | +24.9% |
| Operating profit (loss) | 9901 | €28,415 | €40,571 | +€12,155 | +42.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -52.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -52.4% |
| Financial charges | 65/66B | €9,632 | €11,189 | +€1,557 | +16.2% |
| Recurring financial charges | 65 | €9,632 | €11,189 | +€1,557 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €18,784 | €29,382 | +€10,598 | +56.4% |
| Income taxes | 67/77 | €3,609 | €6,563 | +€2,954 | +81.9% |
| Profit (loss) for the period | 9904 | €15,175 | €22,819 | +€7,644 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,175 | €22,819 | +€7,644 | +50.4% |
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 23 October 2026 via checked.be.