D' AFSPANNING: 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.
D' AFSPANNING
Largest movements
- Tangible fixed assets -€14,728
down €14,728 (-9.1%), from €162,341 to €147,613
of which Plant, machinery and equipment: -€8,522
- Receivables within one year +€14,440
up €14,440 (+251%), from €5,761 to €20,201
of which Other amounts receivable: +€16,194
- Cash -€9,537
down €9,537 (-62.7%), from €15,222 to €5,685
mainly Receivables within one year (-€14,440) and Investment in fixed assets (net) (-€8,384)
- Tax, wage and social debts -€7,907
down €7,907 (-24.1%), from €32,820 to €24,913
of which Taxes: -€12,400
- Staff costs +€12,963
up €12,963 (+16.7%), from €77,606 to €90,570
- Depreciation +€6,078
up €6,078 (+37.6%), from €16,179 to €22,257
- Taxes -€5,124
down €5,124 (-48.2%), from €10,630 to €5,507
- Gross operating margin -€2,170
down €2,170 (-1.6%), from €131,721 to €129,551
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 | €192,931 | €186,209 | -€6,723 | -3.5% |
| Fixed assets | 21/28 | €162,421 | €148,548 | -€13,873 | -8.5% |
| Tangible fixed assets | 22/27 | €162,341 | €147,613 | -€14,728 | -9.1% |
| Land and buildings | 22 | €93,141 | €90,187 | -€2,954 | -3.2% |
| Plant, machinery and equipment | 23 | €47,604 | €39,082 | -€8,522 | -17.9% |
| Furniture and vehicles | 24 | €21,596 | €18,344 | -€3,252 | -15.1% |
| Financial fixed assets | 28 | €80 | €935 | +€855 | +1,069% |
| Current assets | 29/58 | €30,510 | €37,661 | +€7,151 | +23.4% |
| Stocks and contracts in progress | 3 | €5,741 | €6,941 | +€1,200 | +20.9% |
| Stocks | 30/36 | €5,741 | €6,941 | +€1,200 | +20.9% |
| Amounts receivable within one year | 40/41 | €5,761 | €20,201 | +€14,440 | +251% |
| Trade receivables | 40 | €2,979 | €1,225 | -€1,755 | -58.9% |
| Other amounts receivable | 41 | €2,782 | €18,976 | +€16,194 | +582% |
| Cash at bank and in hand | 54/58 | €15,222 | €5,685 | -€9,537 | -62.7% |
| Deferred charges and accrued income | 490/1 | €3,785 | €4,834 | +€1,049 | +27.7% |
| Total equity and liabilities | 10/49 | €192,931 | €186,209 | -€6,723 | -3.5% |
| Equity | 10/15 | €126,420 | €127,413 | +€993 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,820 | €108,813 | +€993 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €105,960 | €106,953 | +€993 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €66,511 | €58,796 | -€7,715 | -11.6% |
| Amounts payable within one year | 42/48 | €66,511 | €58,796 | -€7,715 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €33,691 | €32,182 | -€1,508 | -4.5% |
| Suppliers | 440/4 | €33,691 | €32,182 | -€1,508 | -4.5% |
| Advances received on contracts in progress | 46 | - | €1,700 | +€1,700 | |
| Taxes, remuneration and social security | 45 | €32,820 | €24,913 | -€7,907 | -24.1% |
| Taxes | 450/3 | €21,099 | €8,700 | -€12,400 | -58.8% |
| Remuneration and social security | 454/9 | €11,721 | €16,213 | +€4,493 | +38.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,192 | €0 | -€8,192 | -100% |
| Remuneration, social security and pensions | 62 | €77,606 | €90,570 | +€12,963 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,179 | €22,257 | +€6,078 | +37.6% |
| Other operating charges | 640/8 | €8,306 | €8,574 | +€268 | +3.2% |
| Gross operating margin | 9900 | €131,721 | €129,551 | -€2,170 | -1.6% |
| Operating profit (loss) | 9901 | €29,630 | €8,150 | -€21,480 | -72.5% |
| Financial income | 75/76B | €296 | €256 | -€40 | -13.5% |
| Recurring financial income | 75 | €296 | €256 | -€40 | -13.5% |
| Financial charges | 65/66B | €2,702 | €1,906 | -€796 | -29.5% |
| Recurring financial charges | 65 | €2,702 | €1,906 | -€796 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €27,223 | €6,500 | -€20,724 | -76.1% |
| Income taxes | 67/77 | €10,630 | €5,507 | -€5,124 | -48.2% |
| Profit (loss) for the period | 9904 | €16,593 | €993 | -€15,600 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,593 | €993 | -€15,600 | -94.0% |
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.