DIFFERENCE: 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.
DIFFERENCE
Largest movements
- Cash +€15,774
up €15,774 (+8.0%), from €198,191 to €213,965
mainly Net result for the year (+€62,451) and Tax, wage and social debts (+€5,196)
- Receivables within one year +€9,973
up €9,973 (+6.3%), from €159,407 to €169,380
of which Trade receivables: +€10,890
- Reserves +€28,450
up €28,450 (+9.7%), from €293,600 to €322,050
- Other debts -€8,066
down €8,066 (-19.2%), from €42,066 to €34,000
- Tax, wage and social debts +€5,196
up €5,196 (+283.6%), from €1,832 to €7,029
- Gross operating margin +€9,695
up €9,695 (+11.8%), from €82,448 to €92,143
- Taxes +€3,081
up €3,081 (+11.8%), from €26,063 to €29,144
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 | €357,598 | €383,345 | +€25,746 | +7.2% |
| Current assets | 29/58 | €357,598 | €383,345 | +€25,746 | +7.2% |
| Amounts receivable within one year | 40/41 | €159,407 | €169,380 | +€9,973 | +6.3% |
| Trade receivables | 40 | €8,470 | €19,360 | +€10,890 | +128.6% |
| Other amounts receivable | 41 | €150,937 | €150,020 | -€917 | -0.6% |
| Cash at bank and in hand | 54/58 | €198,191 | €213,965 | +€15,774 | +8.0% |
| Total equity and liabilities | 10/49 | €357,598 | €383,345 | +€25,746 | +7.2% |
| Equity | 10/15 | €313,260 | €341,711 | +€28,451 | +9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €293,600 | €322,050 | +€28,450 | +9.7% |
| Distributable reserves | 133 | €293,600 | €322,050 | +€28,450 | +9.7% |
| Profit (loss) carried forward | 14 | €1,068 | €1,069 | +€1 | +0.1% |
| Amounts payable | 17/49 | €44,339 | €41,634 | -€2,705 | -6.1% |
| Amounts payable within one year | 42/48 | €44,023 | €41,567 | -€2,456 | -5.6% |
| Trade debts | 44 | €125 | €538 | +€414 | +331.7% |
| Suppliers | 440/4 | €125 | €538 | +€414 | +331.7% |
| Taxes, remuneration and social security | 45 | €1,832 | €7,029 | +€5,196 | +283.6% |
| Taxes | 450/3 | €1,832 | €7,029 | +€5,196 | +283.6% |
| Other amounts payable | 47/48 | €42,066 | €34,000 | -€8,066 | -19.2% |
| Accrued charges and deferred income | 492/3 | €316 | €67 | -€249 | -78.8% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €82,448 | €92,143 | +€9,695 | +11.8% |
| Operating profit (loss) | 9901 | €81,960 | €91,643 | +€9,683 | +11.8% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €40 | €49 | +€9 | +22.4% |
| Recurring financial charges | 65 | €40 | €49 | +€9 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €81,930 | €91,595 | +€9,664 | +11.8% |
| Income taxes | 67/77 | €26,063 | €29,144 | +€3,081 | +11.8% |
| Profit (loss) for the period | 9904 | €55,868 | €62,451 | +€6,583 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,868 | €62,451 | +€6,583 | +11.8% |
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 30 September 2026 via checked.be.