DEBUGGED: 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.
DEBUGGED
Largest movements
- Receivables within one year +€6,644
up €6,644 (+5.0%), from €133,229 to €139,873
of which Trade receivables: +€14,615
- Deferred charges and accrued income -€4,775
down €4,775 (-58.7%), from €8,131 to €3,355
- Tangible fixed assets -€3,052
down €3,052 (-61.4%), from €4,972 to €1,920
- Cash +€2,404
up €2,404 (+8.0%), from €29,944 to €32,348
mainly Trade debts (+€12,691) and Net result for the year (+€8,802)
- Tax, wage and social debts -€13,092
down €13,092 (-24.3%), from €53,906 to €40,813
of which Taxes: -€13,077
- Trade debts +€12,691
up €12,691 (+45.3%), from €28,038 to €40,729
- Reserves +€8,712
up €8,712 (+11.3%), from €77,420 to €86,132
of which Distributable reserves: +€8,712
- Current portion of long-term debt -€6,730
down €6,730 (-88.8%), from €7,578 to €847
- Staff costs -€21,459
down €21,459 (-12.5%), from €171,446 to €149,987
- Gross operating margin +€10,105
up €10,105 (+6.2%), from €162,353 to €172,458
- Taxes +€4,789
up €4,789 (+1,222%), from €392 to €5,181
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 | €176,275 | €177,497 | +€1,221 | +0.7% |
| Fixed assets | 21/28 | €4,972 | €1,920 | -€3,052 | -61.4% |
| Tangible fixed assets | 22/27 | €4,972 | €1,920 | -€3,052 | -61.4% |
| Furniture and vehicles | 24 | €4,972 | €1,920 | -€3,052 | -61.4% |
| Current assets | 29/58 | €171,303 | €175,576 | +€4,273 | +2.5% |
| Amounts receivable within one year | 40/41 | €133,229 | €139,873 | +€6,644 | +5.0% |
| Trade receivables | 40 | €124,762 | €139,378 | +€14,615 | +11.7% |
| Other amounts receivable | 41 | €8,467 | €496 | -€7,971 | -94.1% |
| Cash at bank and in hand | 54/58 | €29,944 | €32,348 | +€2,404 | +8.0% |
| Deferred charges and accrued income | 490/1 | €8,131 | €3,355 | -€4,775 | -58.7% |
| Total equity and liabilities | 10/49 | €176,275 | €177,497 | +€1,221 | +0.7% |
| Equity | 10/15 | €83,620 | €92,332 | +€8,712 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,420 | €86,132 | +€8,712 | +11.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €47,560 | €56,272 | +€8,712 | +18.3% |
| Amounts payable | 17/49 | €92,656 | €85,165 | -€7,490 | -8.1% |
| Amounts payable within one year | 42/48 | €90,299 | €83,158 | -€7,141 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €7,578 | €847 | -€6,730 | -88.8% |
| Trade debts | 44 | €28,038 | €40,729 | +€12,691 | +45.3% |
| Suppliers | 440/4 | €28,038 | €40,729 | +€12,691 | +45.3% |
| Taxes, remuneration and social security | 45 | €53,906 | €40,813 | -€13,092 | -24.3% |
| Taxes | 450/3 | €28,099 | €15,022 | -€13,077 | -46.5% |
| Remuneration and social security | 454/9 | €25,807 | €25,792 | -€15 | -0.1% |
| Other amounts payable | 47/48 | €777 | €768 | -€9 | -1.2% |
| Accrued charges and deferred income | 492/3 | €2,357 | €2,007 | -€350 | -14.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €171,446 | €149,987 | -€21,459 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,276 | €3,052 | -€1,225 | -28.6% |
| Other operating charges | 640/8 | €2,597 | €3,523 | +€926 | +35.7% |
| Gross operating margin | 9900 | €162,353 | €172,458 | +€10,105 | +6.2% |
| Operating profit (loss) | 9901 | -€15,966 | €15,896 | +€31,863 | |
| Financial income | 75/76B | €98 | €41 | -€57 | -58.5% |
| Recurring financial income | 75 | €98 | €41 | -€57 | -58.5% |
| Financial charges | 65/66B | €2,285 | €1,954 | -€331 | -14.5% |
| Recurring financial charges | 65 | €2,285 | €1,954 | -€331 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,154 | €13,983 | +€32,137 | |
| Income taxes | 67/77 | €392 | €5,181 | +€4,789 | +1,222% |
| Profit (loss) for the period | 9904 | -€18,546 | €8,802 | +€27,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,546 | €8,802 | +€27,348 |
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.