COUNTABLE: 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.
COUNTABLE
Largest movements
- Receivables within one year +€92,263
up €92,263 (+33.7%), from €274,139 to €366,402
of which Other amounts receivable: +€89,630
- Tangible fixed assets -€87,108
down €87,108 (-5.8%), from €1.5m to €1.4m
of which Land and buildings: -€61,341
- Deferred charges and accrued income +€35,230
up €35,230 (+100.6%), from €35,028 to €70,258
- Debts after one year -€111,359
down €111,359 (-10.7%), from €1.0m to €932,677
- Trade debts +€45,266
up €45,266 (+58.1%), from €77,957 to €123,224
- Reserves +€33,131
up €33,131 (+10.1%), from €327,014 to €360,145
of which Tax-exempt reserves: +€27,103
- Tax, wage and social debts +€31,841
up €31,841 (+32.3%), from €98,527 to €130,368
of which Remuneration and social security: +€18,375
- Gross operating margin +€154,932
up €154,932 (+17.2%), from €898,695 to €1.1m
- Staff costs +€99,064
up €99,064 (+18.9%), from €525,508 to €624,572
- Depreciation -€33,183
down €33,183 (-14.7%), from €226,465 to €193,282
- Write-downs +€18,026
new in 2025: €18,026
- Financial income -€17,475
down €17,475 (-84.2%), from €20,742 to €3,267
of which Non-recurring financial income: -€20,717
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 | €1,892,935 | €1,925,629 | +€32,694 | +1.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,555,437 | €1,460,227 | -€95,210 | -6.1% |
| Intangible fixed assets | 21 | €44,391 | €36,289 | -€8,102 | -18.3% |
| Tangible fixed assets | 22/27 | €1,511,008 | €1,423,900 | -€87,108 | -5.8% |
| Land and buildings | 22 | €1,099,280 | €1,037,939 | -€61,341 | -5.6% |
| Plant, machinery and equipment | 23 | €9,505 | €9,328 | -€177 | -1.9% |
| Furniture and vehicles | 24 | €49,189 | €42,191 | -€6,997 | -14.2% |
| Leasing and similar rights | 25 | €333,674 | €315,119 | -€18,555 | -5.6% |
| Other tangible fixed assets | 26 | €19,360 | €19,323 | -€37 | -0.2% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €337,497 | €465,402 | +€127,904 | +37.9% |
| Amounts receivable within one year | 40/41 | €274,139 | €366,402 | +€92,263 | +33.7% |
| Trade receivables | 40 | €267,701 | €270,335 | +€2,633 | +1.0% |
| Other amounts receivable | 41 | €6,438 | €96,068 | +€89,630 | +1392.3% |
| Cash at bank and in hand | 54/58 | €28,331 | €28,742 | +€411 | +1.5% |
| Deferred charges and accrued income | 490/1 | €35,028 | €70,258 | +€35,230 | +100.6% |
| Total equity and liabilities | 10/49 | €1,892,935 | €1,925,629 | +€32,694 | +1.7% |
| Equity | 10/15 | €345,614 | €378,745 | +€33,131 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,014 | €360,145 | +€33,131 | +10.1% |
| Tax-exempt reserves | 132 | €36,047 | €63,150 | +€27,103 | +75.2% |
| Distributable reserves | 133 | €290,967 | €296,995 | +€6,028 | +2.1% |
| Amounts payable | 17/49 | €1,547,321 | €1,546,884 | -€436 | 0.0% |
| Amounts payable after more than one year | 17 | €1,044,037 | €932,677 | -€111,359 | -10.7% |
| Financial debts | 170/4 | €1,044,037 | €932,677 | -€111,359 | -10.7% |
| Amounts payable within one year | 42/48 | €503,284 | €614,207 | +€110,923 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €155,008 | €172,818 | +€17,810 | +11.5% |
| Financial debts | 43 | €156,528 | €167,576 | +€11,049 | +7.1% |
| Credit institutions | 430/8 | €156,528 | €167,576 | +€11,049 | +7.1% |
| Trade debts | 44 | €77,957 | €123,224 | +€45,266 | +58.1% |
| Suppliers | 440/4 | €77,957 | €123,224 | +€45,266 | +58.1% |
| Taxes, remuneration and social security | 45 | €98,527 | €130,368 | +€31,841 | +32.3% |
| Taxes | 450/3 | €55,401 | €68,866 | +€13,465 | +24.3% |
| Remuneration and social security | 454/9 | €43,126 | €61,501 | +€18,375 | +42.6% |
| Other amounts payable | 47/48 | €15,265 | €20,221 | +€4,957 | +32.5% |
| Remuneration, social security and pensions | 62 | €525,508 | €624,572 | +€99,064 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,465 | €193,282 | -€33,183 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,026 | +€18,026 | |
| Other operating charges | 640/8 | €15,100 | €15,473 | +€373 | +2.5% |
| Non-recurring operating charges | 66A | €211 | - | -€211 | |
| Gross operating margin | 9900 | €898,695 | €1,053,626 | +€154,932 | +17.2% |
| Operating profit (loss) | 9901 | €131,411 | €202,273 | +€70,862 | +53.9% |
| Financial income | 75/76B | €20,742 | €3,267 | -€17,475 | -84.2% |
| Recurring financial income | 75 | €25 | €3,267 | +€3,242 | +13110.9% |
| Non-recurring financial income | 76B | €20,717 | - | -€20,717 | |
| Financial charges | 65/66B | €42,853 | €40,648 | -€2,205 | -5.1% |
| Recurring financial charges | 65 | €42,853 | €40,648 | -€2,205 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €109,299 | €164,892 | +€55,593 | +50.9% |
| Income taxes | 67/77 | €30,041 | €46,036 | +€15,995 | +53.2% |
| Profit (loss) for the period | 9904 | €79,258 | €118,856 | +€39,598 | +50.0% |
| Transfer to tax-exempt reserves | 689 | €36,047 | €27,103 | -€8,944 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,211 | €91,753 | +€48,542 | +112.3% |
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 5 October 2026 via checked.be.