Cutting automation: 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.
Cutting automation
Largest movements
- Tangible fixed assets +€8,604
up €8,604 (+8.7%), from €98,858 to €107,461
of which Plant, machinery and equipment: +€12,819
- Cash -€3,797
down €3,797 (-60.9%), from €6,233 to €2,437
mainly Investment in fixed assets (net) (-€13,033) and Debts after one year (-€8,669)
- Profit (loss) carried forward +€9,630
up €9,630 (+1.9%), from -€496,388 to -€486,759
- Debts after one year -€8,669
down €8,669 (-15.4%), from €56,320 to €47,651
- Trade debts +€2,644
up €2,644 (+11.5%), from €22,923 to €25,567
- Other debts +€2,507
up €2,507 (+0.8%), from €302,596 to €305,103
- Staff costs -€7,163
down €7,163 (-13.9%), from €51,384 to €44,222
- Taxes +€1,271
up €1,271 (+47.8%), from €2,662 to €3,933
- Gross operating margin -€1,095
down €1,095 (-1.7%), from €65,244 to €64,148
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 | €169,086 | €173,911 | +€4,825 | +2.9% |
| Fixed assets | 21/28 | €98,858 | €107,461 | +€8,604 | +8.7% |
| Tangible fixed assets | 22/27 | €98,858 | €107,461 | +€8,604 | +8.7% |
| Land and buildings | 22 | €98,858 | €94,642 | -€4,216 | -4.3% |
| Plant, machinery and equipment | 23 | - | €12,819 | +€12,819 | |
| Current assets | 29/58 | €70,228 | €66,450 | -€3,778 | -5.4% |
| Amounts receivable within one year | 40/41 | €63,139 | €63,139 | = | 0.0% |
| Trade receivables | 40 | €63,139 | €63,139 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,233 | €2,437 | -€3,797 | -60.9% |
| Deferred charges and accrued income | 490/1 | €855 | €874 | +€18 | +2.1% |
| Total equity and liabilities | 10/49 | €169,086 | €173,911 | +€4,825 | +2.9% |
| Equity | 10/15 | -€236,928 | -€227,298 | +€9,630 | +4.1% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €11,567 | €11,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,737 | €4,737 | = | 0.0% |
| Legal reserve | 130 | €4,737 | €4,737 | = | 0.0% |
| Tax-exempt reserves | 132 | €236 | €236 | = | 0.0% |
| Distributable reserves | 133 | €6,594 | €6,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€496,388 | -€486,759 | +€9,630 | +1.9% |
| Amounts payable | 17/49 | €406,014 | €401,209 | -€4,804 | -1.2% |
| Amounts payable after more than one year | 17 | €56,320 | €47,651 | -€8,669 | -15.4% |
| Financial debts | 170/4 | €56,320 | €47,651 | -€8,669 | -15.4% |
| Amounts payable within one year | 42/48 | €349,694 | €353,558 | +€3,865 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €8,498 | €8,669 | +€171 | +2.0% |
| Trade debts | 44 | €22,923 | €25,567 | +€2,644 | +11.5% |
| Suppliers | 440/4 | €22,923 | €25,567 | +€2,644 | +11.5% |
| Taxes, remuneration and social security | 45 | €15,676 | €14,219 | -€1,458 | -9.3% |
| Taxes | 450/3 | €7,294 | €8,739 | +€1,445 | +19.8% |
| Remuneration and social security | 454/9 | €8,382 | €5,479 | -€2,903 | -34.6% |
| Other amounts payable | 47/48 | €302,596 | €305,103 | +€2,507 | +0.8% |
| Remuneration, social security and pensions | 62 | €51,384 | €44,222 | -€7,163 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,216 | €4,429 | +€214 | +5.1% |
| Other operating charges | 640/8 | €19 | - | -€19 | |
| Gross operating margin | 9900 | €65,244 | €64,148 | -€1,095 | -1.7% |
| Operating profit (loss) | 9901 | €9,625 | €15,498 | +€5,872 | +61.0% |
| Financial charges | 65/66B | €1,906 | €1,935 | +€29 | +1.5% |
| Recurring financial charges | 65 | €1,906 | €1,935 | +€29 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €7,719 | €13,562 | +€5,843 | +75.7% |
| Income taxes | 67/77 | €2,662 | €3,933 | +€1,271 | +47.8% |
| Profit (loss) for the period | 9904 | €5,058 | €9,630 | +€4,572 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,058 | €9,630 | +€4,572 | +90.4% |
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 14 October 2026 via checked.be.