CRITERIOS: 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.
CRITERIOS
Largest movements
- Receivables within one year +€56,211
up €56,211 (+310.1%), from €18,125 to €74,336
of which Other amounts receivable: +€41,324
- Cash +€18,429
up €18,429 (+66.3%), from €27,805 to €46,234
mainly Net result for the year (+€80,548) and Other debts (+€40,548)
- Tangible fixed assets +€8,083
up €8,083 (+6.4%), from €127,189 to €135,272
of which Other tangible fixed assets: +€33,528
- Other debts +€40,548
up €40,548 (+166.6%), from €24,332 to €64,880
- Tax, wage and social debts +€20,319
up €20,319 (+383.9%), from €5,293 to €25,613
of which Taxes: +€20,591
- Profit (loss) carried forward +€15,668
up €15,668 (+25.9%), from €60,395 to €76,063
- Current portion of long-term debt +€5,169
up €5,169 (+22.7%), from €22,806 to €27,975
- Gross operating margin +€45,998
up €45,998 (+46.7%), from €98,583 to €144,581
- Taxes +€12,516
up €12,516 (+66.4%), from €18,836 to €31,351
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 | €176,521 | €258,529 | +€82,008 | +46.5% |
| Fixed assets | 21/28 | €127,189 | €135,522 | +€8,333 | +6.6% |
| Tangible fixed assets | 22/27 | €127,189 | €135,272 | +€8,083 | +6.4% |
| Plant, machinery and equipment | 23 | €34,059 | €29,685 | -€4,375 | -12.8% |
| Furniture and vehicles | 24 | €75,688 | €54,618 | -€21,070 | -27.8% |
| Other tangible fixed assets | 26 | €17,441 | €50,969 | +€33,528 | +192.2% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €49,332 | €123,007 | +€73,675 | +149.3% |
| Amounts receivable within one year | 40/41 | €18,125 | €74,336 | +€56,211 | +310.1% |
| Trade receivables | 40 | €16,335 | €31,222 | +€14,887 | +91.1% |
| Other amounts receivable | 41 | €1,790 | €43,114 | +€41,324 | +2308.7% |
| Cash at bank and in hand | 54/58 | €27,805 | €46,234 | +€18,429 | +66.3% |
| Deferred charges and accrued income | 490/1 | €3,402 | €2,437 | -€965 | -28.4% |
| Total equity and liabilities | 10/49 | €176,521 | €258,529 | +€82,008 | +46.5% |
| Equity | 10/15 | €80,855 | €96,523 | +€15,668 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,395 | €76,063 | +€15,668 | +25.9% |
| Amounts payable | 17/49 | €95,666 | €162,006 | +€66,340 | +69.3% |
| Amounts payable after more than one year | 17 | €41,372 | €40,615 | -€757 | -1.8% |
| Financial debts | 170/4 | €37,112 | €40,615 | +€3,502 | +9.4% |
| Other amounts payable | 178/9 | €4,260 | - | -€4,260 | |
| Amounts payable within one year | 42/48 | €54,294 | €120,767 | +€66,473 | +122.4% |
| Current portion of amounts payable after more than one year | 42 | €22,806 | €27,975 | +€5,169 | +22.7% |
| Trade debts | 44 | €1,862 | €2,299 | +€437 | +23.5% |
| Suppliers | 440/4 | €1,862 | €2,299 | +€437 | +23.5% |
| Taxes, remuneration and social security | 45 | €5,293 | €25,613 | +€20,319 | +383.9% |
| Taxes | 450/3 | €5,021 | €25,613 | +€20,591 | +410.1% |
| Remuneration and social security | 454/9 | €272 | - | -€272 | |
| Other amounts payable | 47/48 | €24,332 | €64,880 | +€40,548 | +166.6% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Non-recurring operating income | 76A | €43 | €3 | -€40 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,722 | €27,731 | +€9 | 0.0% |
| Other operating charges | 640/8 | €843 | €618 | -€224 | -26.6% |
| Non-recurring operating charges | 66A | €2,857 | €1,411 | -€1,446 | -50.6% |
| Gross operating margin | 9900 | €98,583 | €144,581 | +€45,998 | +46.7% |
| Operating profit (loss) | 9901 | €67,162 | €114,821 | +€47,659 | +71.0% |
| Financial income | 75/76B | €581 | €1,293 | +€713 | +122.7% |
| Recurring financial income | 75 | €581 | €1,293 | +€713 | +122.7% |
| Financial charges | 65/66B | €4,439 | €4,215 | -€223 | -5.0% |
| Recurring financial charges | 65 | €4,439 | €4,215 | -€223 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €63,304 | €111,899 | +€48,595 | +76.8% |
| Income taxes | 67/77 | €18,836 | €31,351 | +€12,516 | +66.4% |
| Profit (loss) for the period | 9904 | €44,468 | €80,548 | +€36,079 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,468 | €80,548 | +€36,079 | +81.1% |
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 4 October 2026 via checked.be.