DETAFOR: 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.
DETAFOR
Largest movements
- Receivables within one year -€70,638
down €70,638 (-74.0%), from €95,474 to €24,836
of which Trade receivables: -€45,810
- Tangible fixed assets +€58,085
up €58,085 (+177%), from €32,899 to €90,984
of which Plant, machinery and equipment: +€61,735
- Cash -€15,880
down €15,880 (-41.1%), from €38,597 to €22,717
mainly Other debts (-€142,829) and Investment in fixed assets (net) (-€73,405)
- Stocks and contracts -€13,000
down €13,000 (-6.2%), from €210,150 to €197,150
- Other debts -€142,829
down €142,829 (-45.0%), from €317,298 to €174,469
- Short-term financial debts +€46,142
up €46,142 (+1,199%), from €3,849 to €49,991
- Trade debts +€39,790
up €39,790 (+253%), from €15,717 to €55,507
- Current portion of long-term debt +€9,827
new in 2025: €9,827
- Debts after one year +€8,481
up €8,481 (+239%), from €3,544 to €12,025
- Write-downs -€12,876
down €12,876 (-33.3%), from €38,627 to €25,751
- Financial charges +€11,216
up €11,216 (+105%), from €10,636 to €21,853
- Gross operating margin +€7,364
up €7,364 (+11.3%), from €64,900 to €72,265
- Depreciation +€2,720
up €2,720 (+21.6%), from €12,600 to €15,320
- Other operating charges +€2,646
up €2,646 (+30.1%), from €8,804 to €11,449
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 | €377,217 | €335,784 | -€41,433 | -11.0% |
| Fixed assets | 21/28 | €32,996 | €91,080 | +€58,085 | +176% |
| Tangible fixed assets | 22/27 | €32,899 | €90,984 | +€58,085 | +177% |
| Land and buildings | 22 | €7,601 | €7,500 | -€101 | -1.3% |
| Plant, machinery and equipment | 23 | €1,719 | €63,453 | +€61,735 | +3,592% |
| Furniture and vehicles | 24 | €23,579 | €20,030 | -€3,549 | -15.1% |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €344,221 | €244,703 | -€99,518 | -28.9% |
| Stocks and contracts in progress | 3 | €210,150 | €197,150 | -€13,000 | -6.2% |
| Stocks | 30/36 | €210,150 | €197,150 | -€13,000 | -6.2% |
| Amounts receivable within one year | 40/41 | €95,474 | €24,836 | -€70,638 | -74.0% |
| Trade receivables | 40 | €56,873 | €11,063 | -€45,810 | -80.5% |
| Other amounts receivable | 41 | €38,601 | €13,773 | -€24,828 | -64.3% |
| Cash at bank and in hand | 54/58 | €38,597 | €22,717 | -€15,880 | -41.1% |
| Total equity and liabilities | 10/49 | €377,217 | €335,784 | -€41,433 | -11.0% |
| Equity | 10/15 | €35,990 | €32,845 | -€3,145 | -8.7% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €35,838 | €35,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,500 | €11,500 | = | 0.0% |
| Legal reserve | 130 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €24,338 | €24,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,584 | -€151,729 | -€3,145 | -2.1% |
| Amounts payable | 17/49 | €341,227 | €302,938 | -€38,289 | -11.2% |
| Amounts payable after more than one year | 17 | €3,544 | €12,025 | +€8,481 | +239% |
| Financial debts | 170/4 | €3,544 | €12,025 | +€8,481 | +239% |
| Amounts payable within one year | 42/48 | €337,683 | €290,913 | -€46,770 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,827 | +€9,827 | |
| Financial debts | 43 | €3,849 | €49,991 | +€46,142 | +1,199% |
| Credit institutions | 430/8 | €3,849 | €49,991 | +€46,142 | +1,199% |
| Trade debts | 44 | €15,717 | €55,507 | +€39,790 | +253% |
| Suppliers | 440/4 | €15,717 | €55,507 | +€39,790 | +253% |
| Taxes, remuneration and social security | 45 | €819 | €1,120 | +€301 | +36.7% |
| Taxes | 450/3 | €819 | €1,120 | +€301 | +36.7% |
| Other amounts payable | 47/48 | €317,298 | €174,469 | -€142,829 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,600 | €15,320 | +€2,720 | +21.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,627 | €25,751 | -€12,876 | -33.3% |
| Other operating charges | 640/8 | €8,804 | €11,449 | +€2,646 | +30.1% |
| Gross operating margin | 9900 | €64,900 | €72,265 | +€7,364 | +11.3% |
| Operating profit (loss) | 9901 | €4,870 | €19,744 | +€14,874 | +305% |
| Financial income | 75/76B | €282 | - | -€282 | |
| Recurring financial income | 75 | €282 | - | -€282 | |
| Non-recurring financial income | 76B | €282 | - | -€282 | |
| Financial charges | 65/66B | €10,636 | €21,853 | +€11,216 | +105% |
| Recurring financial charges | 65 | €10,636 | €21,853 | +€11,216 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€5,484 | -€2,109 | +€3,376 | +61.6% |
| Income taxes | 67/77 | €1,421 | €1,036 | -€385 | -27.1% |
| Profit (loss) for the period | 9904 | -€6,905 | -€3,145 | +€3,760 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,905 | -€3,145 | +€3,760 | +54.5% |
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 21 October 2026 via checked.be.