Debottomline: 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.
Debottomline
Largest movements
- Cash +€140,200
up €140,200 (+39.7%), from €353,271 to €493,471
mainly Receivables within one year (+€127,845) and Depreciation (+€48,480)
- Receivables within one year -€127,845
down €127,845 (-25.5%), from €500,812 to €372,967
of which Trade receivables: -€125,515
- Tangible fixed assets -€38,788
down €38,788 (-8.9%), from €433,619 to €394,831
of which Other tangible fixed assets: -€33,802
- Trade debts +€47,785
up €47,785 (+62.0%), from €77,078 to €124,863
- Tax, wage and social debts -€42,594
down €42,594 (-29.8%), from €143,129 to €100,535
of which Remuneration and social security: -€22,453
- Debts after one year -€22,238
down €22,238 (-7.4%), from €301,244 to €279,006
- Gross operating margin -€85,485
down €85,485 (-7.8%), from €1.1m to €1.0m
- Staff costs -€36,627
down €36,627 (-3.8%), from €968,722 to €932,095
- Taxes -€11,797
down €11,797 (-41.8%), from €28,249 to €16,452
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 | €1,318,296 | €1,298,402 | -€19,894 | -1.5% |
| Fixed assets | 21/28 | €448,502 | €409,714 | -€38,788 | -8.6% |
| Tangible fixed assets | 22/27 | €433,619 | €394,831 | -€38,788 | -8.9% |
| Furniture and vehicles | 24 | €62,768 | €57,782 | -€4,986 | -7.9% |
| Other tangible fixed assets | 26 | €370,851 | €337,049 | -€33,802 | -9.1% |
| Financial fixed assets | 28 | €14,883 | €14,883 | = | 0.0% |
| Current assets | 29/58 | €869,794 | €888,688 | +€18,894 | +2.2% |
| Amounts receivable within one year | 40/41 | €500,812 | €372,967 | -€127,845 | -25.5% |
| Trade receivables | 40 | €498,482 | €372,967 | -€125,515 | -25.2% |
| Other amounts receivable | 41 | €2,330 | - | -€2,330 | |
| Cash at bank and in hand | 54/58 | €353,271 | €493,471 | +€140,200 | +39.7% |
| Deferred charges and accrued income | 490/1 | €15,710 | €22,250 | +€6,539 | +41.6% |
| Total equity and liabilities | 10/49 | €1,318,296 | €1,298,402 | -€19,894 | -1.5% |
| Equity | 10/15 | €774,056 | €770,408 | -€3,648 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €715,000 | €715,000 | = | 0.0% |
| Distributable reserves | 133 | €715,000 | €715,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,456 | €36,808 | -€3,648 | -9.0% |
| Amounts payable | 17/49 | €544,240 | €527,994 | -€16,246 | -3.0% |
| Amounts payable after more than one year | 17 | €301,244 | €279,006 | -€22,238 | -7.4% |
| Financial debts | 170/4 | €301,244 | €279,006 | -€22,238 | -7.4% |
| Amounts payable within one year | 42/48 | €242,996 | €248,988 | +€5,991 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €21,437 | €22,238 | +€800 | +3.7% |
| Trade debts | 44 | €77,078 | €124,863 | +€47,785 | +62.0% |
| Suppliers | 440/4 | €77,078 | €124,863 | +€47,785 | +62.0% |
| Taxes, remuneration and social security | 45 | €143,129 | €100,535 | -€42,594 | -29.8% |
| Taxes | 450/3 | €45,252 | €25,112 | -€20,140 | -44.5% |
| Remuneration and social security | 454/9 | €97,877 | €75,423 | -€22,453 | -22.9% |
| Other amounts payable | 47/48 | €1,352 | €1,352 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €968,722 | €932,095 | -€36,627 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,908 | €48,480 | +€572 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,977 | -€9,977 | |
| Other operating charges | 640/8 | €1,362 | €1,317 | -€45 | -3.3% |
| Non-recurring operating charges | 66A | - | €121 | +€121 | |
| Gross operating margin | 9900 | €1,091,452 | €1,005,967 | -€85,485 | -7.8% |
| Operating profit (loss) | 9901 | €73,459 | €33,930 | -€39,529 | -53.8% |
| Financial income | 75/76B | €1,294 | €2,634 | +€1,339 | +103.4% |
| Recurring financial income | 75 | €1,294 | €2,634 | +€1,339 | +103.4% |
| Financial charges | 65/66B | €26,176 | €23,760 | -€2,416 | -9.2% |
| Recurring financial charges | 65 | €26,176 | €23,760 | -€2,416 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €48,578 | €12,804 | -€35,774 | -73.6% |
| Income taxes | 67/77 | €28,249 | €16,452 | -€11,797 | -41.8% |
| Profit (loss) for the period | 9904 | €20,329 | -€3,648 | -€23,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,329 | -€3,648 | -€23,977 |
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 5 October 2026 via checked.be.