De Kaastafel: 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.
De Kaastafel
Largest movements
- Receivables within one year +€51,906
up €51,906 (+73.9%), from €70,223 to €122,128
of which Trade receivables: +€38,919
- Stocks and contracts +€25,399
up €25,399 (+187%), from €13,586 to €38,985
- Tangible fixed assets +€13,830
up €13,830 (+14.4%), from €96,298 to €110,128
of which Land and buildings: +€27,737
- Cash -€8,655
down €8,655 (-14.0%), from €61,877 to €53,222
mainly Receivables within one year (-€51,906) and Investment in fixed assets (net) (-€43,346)
- Deferred charges and accrued income +€3,760
new in 2025: €3,760
- Trade debts +€46,544
up €46,544 (+57.2%), from €81,439 to €127,983
- Short-term financial debts +€13,373
new in 2025: €13,373
- Tax, wage and social debts +€13,145
up €13,145 (+89.0%), from €14,774 to €27,919
of which Remuneration and social security: +€16,289
- Other debts +€8,019
up €8,019 (+32.6%), from €24,633 to €32,652
- Current portion of long-term debt +€5,273
up €5,273 (+21.6%), from €24,458 to €29,731
- Staff costs +€75,212
up €75,212 (+112%), from €67,129 to €142,341
- Taxes -€16,120
down €16,120 (-82.7%), from €19,492 to €3,372
- Other operating charges -€14,267
down €14,267 (-64.4%), from €22,164 to €7,897
- Financial charges -€10,308
down €10,308 (-63.0%), from €16,372 to €6,064
- Depreciation -€7,795
down €7,795 (-20.9%), from €37,310 to €29,515
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 | €241,984 | €328,224 | +€86,240 | +35.6% |
| Fixed assets | 21/28 | €96,298 | €110,128 | +€13,830 | +14.4% |
| Tangible fixed assets | 22/27 | €96,298 | €110,128 | +€13,830 | +14.4% |
| Land and buildings | 22 | €8,609 | €36,346 | +€27,737 | +322% |
| Plant, machinery and equipment | 23 | €38,504 | €33,478 | -€5,026 | -13.1% |
| Furniture and vehicles | 24 | €49,185 | €40,305 | -€8,880 | -18.1% |
| Current assets | 29/58 | €145,686 | €218,096 | +€72,409 | +49.7% |
| Stocks and contracts in progress | 3 | €13,586 | €38,985 | +€25,399 | +187% |
| Stocks | 30/36 | €13,586 | €38,985 | +€25,399 | +187% |
| Amounts receivable within one year | 40/41 | €70,223 | €122,128 | +€51,906 | +73.9% |
| Trade receivables | 40 | €64,186 | €103,105 | +€38,919 | +60.6% |
| Other amounts receivable | 41 | €6,036 | €19,023 | +€12,987 | +215% |
| Cash at bank and in hand | 54/58 | €61,877 | €53,222 | -€8,655 | -14.0% |
| Deferred charges and accrued income | 490/1 | - | €3,760 | +€3,760 | |
| Total equity and liabilities | 10/49 | €241,984 | €328,224 | +€86,240 | +35.6% |
| Equity | 10/15 | €33,447 | €37,686 | +€4,239 | +12.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,447 | €35,686 | +€4,239 | +13.5% |
| Distributable reserves | 133 | €31,447 | €35,686 | +€4,239 | +13.5% |
| Amounts payable | 17/49 | €208,537 | €290,538 | +€82,001 | +39.3% |
| Amounts payable after more than one year | 17 | €63,233 | €58,880 | -€4,353 | -6.9% |
| Financial debts | 170/4 | €63,233 | €58,880 | -€4,353 | -6.9% |
| Amounts payable within one year | 42/48 | €145,304 | €231,658 | +€86,354 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €24,458 | €29,731 | +€5,273 | +21.6% |
| Financial debts | 43 | - | €13,373 | +€13,373 | |
| Credit institutions | 430/8 | - | €13,373 | +€13,373 | |
| Trade debts | 44 | €81,439 | €127,983 | +€46,544 | +57.2% |
| Suppliers | 440/4 | €81,439 | €127,983 | +€46,544 | +57.2% |
| Taxes, remuneration and social security | 45 | €14,774 | €27,919 | +€13,145 | +89.0% |
| Taxes | 450/3 | €12,632 | €9,488 | -€3,144 | -24.9% |
| Remuneration and social security | 454/9 | €2,142 | €18,431 | +€16,289 | +760% |
| Other amounts payable | 47/48 | €24,633 | €32,652 | +€8,019 | +32.6% |
| Remuneration, social security and pensions | 62 | €67,129 | €142,341 | +€75,212 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,310 | €29,515 | -€7,795 | -20.9% |
| Other operating charges | 640/8 | €22,164 | €7,897 | -€14,267 | -64.4% |
| Gross operating margin | 9900 | €193,913 | €194,255 | +€342 | +0.2% |
| Operating profit (loss) | 9901 | €67,311 | €14,503 | -€52,808 | -78.5% |
| Financial income | 75/76B | - | €773 | +€773 | |
| Recurring financial income | 75 | - | €773 | +€773 | |
| Financial charges | 65/66B | €16,372 | €6,064 | -€10,308 | -63.0% |
| Recurring financial charges | 65 | €16,372 | €6,064 | -€10,308 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €50,939 | €9,211 | -€41,728 | -81.9% |
| Income taxes | 67/77 | €19,492 | €3,372 | -€16,120 | -82.7% |
| Profit (loss) for the period | 9904 | €31,447 | €5,839 | -€25,608 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,447 | €5,839 | -€25,608 | -81.4% |
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 15 October 2026 via checked.be.