DATA MANAGEMENT TEAM: 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.
DATA MANAGEMENT TEAM
Largest movements
- Tangible fixed assets -€7,885
down €7,885 (-18.8%), from €41,960 to €34,075
- Stocks and contracts -€4,553
down €4,553 (-2.8%), from €160,272 to €155,719
- Intangible fixed assets -€4,473
down €4,473 (-40.1%), from €11,157 to €6,684
- Receivables within one year +€4,140
up €4,140 (+4.5%), from €91,835 to €95,975
of which Trade receivables: +€7,188
- Other debts -€10,565
down €10,565 (-28.0%), from €37,760 to €27,195
- Trade debts +€5,475
up €5,475 (+7.7%), from €71,459 to €76,934
- Short-term financial debts -€3,700
down €3,700 (-4.4%), from €83,900 to €80,200
- Gross operating margin -€2,930
down €2,930 (-5.0%), from €58,200 to €55,270
- Taxes -€2,032
down €2,032 (-72.8%), from €2,793 to €761
- Staff costs +€1,778
up €1,778 (+6.0%), from €29,457 to €31,235
- Financial charges -€1,550
down €1,550 (-13.4%), from €11,607 to €10,057
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 | €343,680 | €332,716 | -€10,964 | -3.2% |
| Fixed assets | 21/28 | €81,465 | €69,107 | -€12,358 | -15.2% |
| Intangible fixed assets | 21 | €11,157 | €6,684 | -€4,473 | -40.1% |
| Tangible fixed assets | 22/27 | €41,960 | €34,075 | -€7,885 | -18.8% |
| Plant, machinery and equipment | 23 | €20,640 | €17,703 | -€2,937 | -14.2% |
| Furniture and vehicles | 24 | €13,679 | €10,259 | -€3,420 | -25.0% |
| Other tangible fixed assets | 26 | €7,641 | €6,113 | -€1,528 | -20.0% |
| Financial fixed assets | 28 | €28,348 | €28,348 | = | 0.0% |
| Current assets | 29/58 | €262,215 | €263,609 | +€1,394 | +0.5% |
| Stocks and contracts in progress | 3 | €160,272 | €155,719 | -€4,553 | -2.8% |
| Stocks | 30/36 | €160,272 | €155,719 | -€4,553 | -2.8% |
| Amounts receivable within one year | 40/41 | €91,835 | €95,975 | +€4,140 | +4.5% |
| Trade receivables | 40 | €87,915 | €95,103 | +€7,188 | +8.2% |
| Other amounts receivable | 41 | €3,920 | €872 | -€3,048 | -77.8% |
| Cash at bank and in hand | 54/58 | €10,108 | €11,915 | +€1,807 | +17.9% |
| Total equity and liabilities | 10/49 | €343,680 | €332,716 | -€10,964 | -3.2% |
| Equity | 10/15 | €136,225 | €136,321 | +€96 | +0.1% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €4,425 | €4,425 | = | 0.0% |
| Tax-exempt reserves | 132 | €780 | €780 | = | 0.0% |
| Distributable reserves | 133 | €3,645 | €3,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,800 | €19,896 | +€96 | +0.5% |
| Amounts payable | 17/49 | €207,455 | €196,395 | -€11,060 | -5.3% |
| Amounts payable within one year | 42/48 | €207,455 | €196,395 | -€11,060 | -5.3% |
| Financial debts | 43 | €83,900 | €80,200 | -€3,700 | -4.4% |
| Credit institutions | 430/8 | €83,900 | €80,200 | -€3,700 | -4.4% |
| Trade debts | 44 | €71,459 | €76,934 | +€5,475 | +7.7% |
| Suppliers | 440/4 | €71,459 | €76,934 | +€5,475 | +7.7% |
| Taxes, remuneration and social security | 45 | €14,336 | €12,066 | -€2,270 | -15.8% |
| Taxes | 450/3 | €14,336 | €12,066 | -€2,270 | -15.8% |
| Other amounts payable | 47/48 | €37,760 | €27,195 | -€10,565 | -28.0% |
| Remuneration, social security and pensions | 62 | €29,457 | €31,235 | +€1,778 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,358 | €12,358 | = | 0.0% |
| Other operating charges | 640/8 | €1,732 | €1,300 | -€432 | -24.9% |
| Gross operating margin | 9900 | €58,200 | €55,270 | -€2,930 | -5.0% |
| Operating profit (loss) | 9901 | €14,653 | €10,377 | -€4,276 | -29.2% |
| Financial income | 75/76B | €5 | €537 | +€532 | +10640.0% |
| Recurring financial income | 75 | €5 | €537 | +€532 | +10640.0% |
| Financial charges | 65/66B | €11,607 | €10,057 | -€1,550 | -13.4% |
| Recurring financial charges | 65 | €11,607 | €10,057 | -€1,550 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €3,051 | €857 | -€2,194 | -71.9% |
| Income taxes | 67/77 | €2,793 | €761 | -€2,032 | -72.8% |
| Profit (loss) for the period | 9904 | €258 | €96 | -€162 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €258 | €96 | -€162 | -62.8% |
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.