Den August: 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.
Den August
Largest movements
- Receivables within one year +€10,649
up €10,649 (+2118.0%), from €503 to €11,152
of which Trade receivables: +€11,152
- Tangible fixed assets +€6,395
up €6,395 (+5.2%), from €122,191 to €128,587
of which Other tangible fixed assets: +€13,012
- Cash +€2,142
up €2,142 (+78.7%), from €2,723 to €4,865
mainly Trade debts (+€85,313) and Other debts (+€29,405)
- Profit (loss) carried forward -€95,799
down €95,799 (-130.6%), from -€73,363 to -€169,161
- Trade debts +€85,313
up €85,313 (+97.0%), from €87,951 to €173,265
- Other debts +€29,405
up €29,405 (+91.3%), from €32,200 to €61,605
- Tax, wage and social debts +€20,925
up €20,925 (+254.7%), from €8,216 to €29,141
of which Taxes: +€17,505
- Debts after one year -€12,366
down €12,366 (-17.5%), from €70,841 to €58,475
- Staff costs +€110,244
up €110,244 (+297.1%), from €37,103 to €147,347
- Gross operating margin +€106,508
up €106,508, from -€22,824 to €83,684
- Depreciation +€16,606
up €16,606 (+134.8%), from €12,316 to €28,922
- Financial charges +€1,956
up €1,956 (+188.2%), from €1,040 to €2,996
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 | €143,766 | €164,521 | +€20,755 | +14.4% |
| Fixed assets | 21/28 | €129,391 | €135,787 | +€6,395 | +4.9% |
| Tangible fixed assets | 22/27 | €122,191 | €128,587 | +€6,395 | +5.2% |
| Plant, machinery and equipment | 23 | €101,828 | €84,987 | -€16,841 | -16.5% |
| Furniture and vehicles | 24 | €1,029 | €11,253 | +€10,224 | +993.1% |
| Other tangible fixed assets | 26 | €19,334 | €32,346 | +€13,012 | +67.3% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €14,375 | €28,734 | +€14,360 | +99.9% |
| Stocks and contracts in progress | 3 | €9,935 | €9,935 | = | 0.0% |
| Stocks | 30/36 | €9,935 | €9,935 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €503 | €11,152 | +€10,649 | +2118.0% |
| Trade receivables | 40 | €0 | €11,152 | +€11,152 | |
| Other amounts receivable | 41 | €503 | - | -€503 | |
| Cash at bank and in hand | 54/58 | €2,723 | €4,865 | +€2,142 | +78.7% |
| Deferred charges and accrued income | 490/1 | €1,214 | €2,782 | +€1,568 | +129.2% |
| Total equity and liabilities | 10/49 | €143,766 | €164,521 | +€20,755 | +14.4% |
| Equity | 10/15 | -€71,363 | -€167,161 | -€95,799 | -134.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,363 | -€169,161 | -€95,799 | -130.6% |
| Amounts payable | 17/49 | €215,128 | €331,682 | +€116,554 | +54.2% |
| Amounts payable after more than one year | 17 | €70,841 | €58,475 | -€12,366 | -17.5% |
| Financial debts | 170/4 | €70,841 | €58,475 | -€12,366 | -17.5% |
| Amounts payable within one year | 42/48 | €139,038 | €273,207 | +€134,170 | +96.5% |
| Current portion of amounts payable after more than one year | 42 | €8,739 | €9,196 | +€457 | +5.2% |
| Trade debts | 44 | €87,951 | €173,265 | +€85,313 | +97.0% |
| Suppliers | 440/4 | €87,951 | €173,265 | +€85,313 | +97.0% |
| Advances received on contracts in progress | 46 | €1,931 | - | -€1,931 | |
| Taxes, remuneration and social security | 45 | €8,216 | €29,141 | +€20,925 | +254.7% |
| Taxes | 450/3 | €488 | €17,992 | +€17,505 | +3589.3% |
| Remuneration and social security | 454/9 | €7,728 | €11,149 | +€3,421 | +44.3% |
| Other amounts payable | 47/48 | €32,200 | €61,605 | +€29,405 | +91.3% |
| Accrued charges and deferred income | 492/3 | €5,250 | - | -€5,250 | |
| Remuneration, social security and pensions | 62 | €37,103 | €147,347 | +€110,244 | +297.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,316 | €28,922 | +€16,606 | +134.8% |
| Other operating charges | 640/8 | €80 | €223 | +€142 | +176.9% |
| Gross operating margin | 9900 | -€22,824 | €83,684 | +€106,508 | |
| Operating profit (loss) | 9901 | -€72,324 | -€92,809 | -€20,485 | -28.3% |
| Financial income | 75/76B | €1 | €6 | +€5 | +459.5% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +459.5% |
| Financial charges | 65/66B | €1,040 | €2,996 | +€1,956 | +188.2% |
| Recurring financial charges | 65 | €1,040 | €2,996 | +€1,956 | +188.2% |
| Profit (loss) for the period before taxes | 9903 | -€73,363 | -€95,799 | -€22,436 | -30.6% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€73,363 | -€95,799 | -€22,436 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,363 | -€95,799 | -€22,436 | -30.6% |
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 2 October 2026 via checked.be.