D - INTERIEUR: 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 - INTERIEUR
Largest movements
- Receivables within one year -€131,049
down €131,049 (-24.1%), from €544,210 to €413,161
of which Trade receivables: -€98,105
- Cash -€121,978
down €121,978 (-46.5%), from €262,243 to €140,265
mainly Contributions, distributions and other (-€404,281) and Investment in fixed assets (net) (-€161,698)
- Tangible fixed assets -€33,745
down €33,745 (-2.8%), from €1.2m to €1.2m
of which Land and buildings: -€109,662
- Stocks and contracts +€28,518
up €28,518 (+6.1%), from €464,128 to €492,647
- Other debts -€99,968
down €99,968 (-8.7%), from €1.2m to €1.1m
- Advances received -€81,093
down €81,093 (-30.8%), from €263,700 to €182,607
- Current portion of long-term debt -€52,568
down €52,568 (-39.4%), from €133,465 to €80,897
- Gross operating margin +€572,729
up €572,729 (+17.2%), from €3.3m to €3.9m
- Staff costs +€152,808
up €152,808 (+5.1%), from €3.0m to €3.1m
- Taxes +€111,389
up €111,389 (+318%), from €35,050 to €146,439
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 | €2,484,126 | €2,213,993 | -€270,133 | -10.9% |
| Fixed assets | 21/28 | €1,200,760 | €1,151,782 | -€48,978 | -4.1% |
| Intangible fixed assets | 21 | €15,233 | €0 | -€15,233 | -100% |
| Tangible fixed assets | 22/27 | €1,185,476 | €1,151,732 | -€33,745 | -2.8% |
| Land and buildings | 22 | €1,051,288 | €941,625 | -€109,662 | -10.4% |
| Plant, machinery and equipment | 23 | €80,882 | €55,158 | -€25,724 | -31.8% |
| Furniture and vehicles | 24 | €53,307 | €154,948 | +€101,641 | +191% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,283,366 | €1,062,212 | -€221,155 | -17.2% |
| Stocks and contracts in progress | 3 | €464,128 | €492,647 | +€28,518 | +6.1% |
| Stocks | 30/36 | €464,128 | €492,647 | +€28,518 | +6.1% |
| Amounts receivable within one year | 40/41 | €544,210 | €413,161 | -€131,049 | -24.1% |
| Trade receivables | 40 | €451,784 | €353,679 | -€98,105 | -21.7% |
| Other amounts receivable | 41 | €92,426 | €59,482 | -€32,944 | -35.6% |
| Cash at bank and in hand | 54/58 | €262,243 | €140,265 | -€121,978 | -46.5% |
| Deferred charges and accrued income | 490/1 | €12,785 | €16,139 | +€3,354 | +26.2% |
| Total equity and liabilities | 10/49 | €2,484,126 | €2,213,993 | -€270,133 | -10.9% |
| Equity | 10/15 | €454,834 | €450,585 | -€4,249 | -0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €385,045 | €385,045 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €378,895 | €378,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €8,289 | €4,040 | -€4,249 | -51.3% |
| Amounts payable | 17/49 | €2,029,292 | €1,763,408 | -€265,883 | -13.1% |
| Amounts payable after more than one year | 17 | €62,500 | €40,239 | -€22,261 | -35.6% |
| Financial debts | 170/4 | €62,500 | €40,239 | -€22,261 | -35.6% |
| Amounts payable within one year | 42/48 | €1,965,292 | €1,721,669 | -€243,622 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €133,465 | €80,897 | -€52,568 | -39.4% |
| Trade debts | 44 | €350,674 | €335,720 | -€14,954 | -4.3% |
| Suppliers | 440/4 | €350,674 | €335,720 | -€14,954 | -4.3% |
| Advances received on contracts in progress | 46 | €263,700 | €182,607 | -€81,093 | -30.8% |
| Taxes, remuneration and social security | 45 | €67,452 | €72,412 | +€4,960 | +7.4% |
| Taxes | 450/3 | €3,000 | €0 | -€3,000 | -100% |
| Remuneration and social security | 454/9 | €64,452 | €72,412 | +€7,960 | +12.4% |
| Other amounts payable | 47/48 | €1,150,000 | €1,050,032 | -€99,968 | -8.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,980,576 | €3,133,383 | +€152,808 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,566 | €210,676 | +€5,111 | +2.5% |
| Other operating charges | 640/8 | €12,882 | €11,778 | -€1,104 | -8.6% |
| Gross operating margin | 9900 | €3,324,006 | €3,896,735 | +€572,729 | +17.2% |
| Operating profit (loss) | 9901 | €124,983 | €540,897 | +€415,914 | +333% |
| Financial income | 75/76B | €38,525 | €40,744 | +€2,219 | +5.8% |
| Recurring financial income | 75 | €38,525 | €40,744 | +€2,219 | +5.8% |
| Financial charges | 65/66B | €31,868 | €35,170 | +€3,302 | +10.4% |
| Recurring financial charges | 65 | €31,868 | €35,170 | +€3,302 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €131,640 | €546,471 | +€414,831 | +315% |
| Income taxes | 67/77 | €35,050 | €146,439 | +€111,389 | +318% |
| Profit (loss) for the period | 9904 | €96,591 | €400,032 | +€303,442 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €96,591 | €400,032 | +€303,442 | +314% |
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 16 October 2026 via checked.be.