DISCOVERIES: 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.
DISCOVERIES
Largest movements
- Stocks and contracts -€16,329
down €16,329 (-29.3%), from €55,771 to €39,442
- Cash +€8,534
up €8,534 (+106.1%), from €8,043 to €16,577
mainly Stocks and contracts (+€16,329) and Net result for the year (+€2,669)
- Receivables within one year +€5,902
up €5,902 (+13.1%), from €45,023 to €50,925
of which Trade receivables: +€3,097
- Other debts -€5,331
down €5,331 (-23.6%), from €22,583 to €17,252
- Profit (loss) carried forward +€2,669
up €2,669 (+17.9%), from €14,937 to €17,606
- Gross operating margin +€865
up €865 (+24.6%), from €3,514 to €4,379
- Financial charges +€508
up €508 (+51.2%), from €993 to €1,501
- Financial income -€475
down €475 (-71.4%), from €665 to €190
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 | €108,837 | €106,944 | -€1,893 | -1.7% |
| Current assets | 29/58 | €108,837 | €106,944 | -€1,893 | -1.7% |
| Stocks and contracts in progress | 3 | €55,771 | €39,442 | -€16,329 | -29.3% |
| Stocks | 30/36 | €55,771 | €39,442 | -€16,329 | -29.3% |
| Amounts receivable within one year | 40/41 | €45,023 | €50,925 | +€5,902 | +13.1% |
| Trade receivables | 40 | €43,403 | €46,500 | +€3,097 | +7.1% |
| Other amounts receivable | 41 | €1,620 | €4,425 | +€2,805 | +173.1% |
| Cash at bank and in hand | 54/58 | €8,043 | €16,577 | +€8,534 | +106.1% |
| Total equity and liabilities | 10/49 | €108,837 | €106,944 | -€1,893 | -1.7% |
| Equity | 10/15 | €46,389 | €49,058 | +€2,669 | +5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,860 | €12,860 | = | 0.0% |
| 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 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,937 | €17,606 | +€2,669 | +17.9% |
| Amounts payable | 17/49 | €62,448 | €57,886 | -€4,562 | -7.3% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,983 | €22,421 | -€4,562 | -16.9% |
| Trade debts | 44 | €3,563 | €4,193 | +€630 | +17.7% |
| Suppliers | 440/4 | €3,563 | €4,193 | +€630 | +17.7% |
| Taxes, remuneration and social security | 45 | €837 | €976 | +€139 | +16.6% |
| Taxes | 450/3 | €837 | €976 | +€139 | +16.6% |
| Other amounts payable | 47/48 | €22,583 | €17,252 | -€5,331 | -23.6% |
| Accrued charges and deferred income | 492/3 | €465 | €465 | = | 0.0% |
| Other operating charges | 640/8 | €388 | €399 | +€11 | +2.8% |
| Gross operating margin | 9900 | €3,514 | €4,379 | +€865 | +24.6% |
| Operating profit (loss) | 9901 | €3,126 | €3,980 | +€854 | +27.3% |
| Financial income | 75/76B | €665 | €190 | -€475 | -71.4% |
| Recurring financial income | 75 | €665 | €190 | -€475 | -71.4% |
| Financial charges | 65/66B | €993 | €1,501 | +€508 | +51.2% |
| Recurring financial charges | 65 | €993 | €1,501 | +€508 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €2,798 | €2,669 | -€129 | -4.6% |
| Profit (loss) for the period | 9904 | €2,798 | €2,669 | -€129 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,798 | €2,669 | -€129 | -4.6% |
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 3 October 2026 via checked.be.