Draaien frezen: what changed
Draaien frezen
Largest movements
- Cash -€41,373
down €41,373 (-37.8%), from €109,525 to €68,153
mainly Debts after one year (-€35,000) and Investment in fixed assets (net) (-€16,983)
- Receivables within one year +€11,651
up €11,651 (+18.0%), from €64,750 to €76,401
of which Other amounts receivable: +€11,678
- Debts after one year -€35,000
down €35,000 (-20.0%), from €175,000 to €140,000
- Trade debts +€9,046
up €9,046 (+99.4%), from €9,099 to €18,144
- Other debts -€6,944
down €6,944 (-98.0%), from €7,088 to €144
- Reserves -€4,846
down €4,846 (-2.5%), from €192,620 to €187,773
- Tax, wage and social debts +€4,813
up €4,813 (+24.3%), from €19,810 to €24,623
of which Remuneration and social security: +€3,260
- Staff costs +€31,778
up €31,778 (+46.2%), from €68,819 to €100,597
- Gross operating margin -€12,130
down €12,130 (-8.7%), from €139,300 to €127,171
- Taxes -€11,906
down €11,906 (-86.1%), from €13,830 to €1,924
- Depreciation +€3,606
up €3,606 (+21.6%), from €16,707 to €20,312
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €428,441 | €395,154 | -€33,286 | -7.8% |
| Fixed assets | 21/28 | €204,012 | €200,683 | -€3,329 | -1.6% |
| Tangible fixed assets | 22/27 | €203,827 | €200,498 | -€3,329 | -1.6% |
| Land and buildings | 22 | €190,774 | €178,682 | -€12,092 | -6.3% |
| Plant, machinery and equipment | 23 | €8,581 | €7,617 | -€964 | -11.2% |
| Furniture and vehicles | 24 | €4,472 | €14,199 | +€9,727 | +217% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €224,429 | €194,471 | -€29,957 | -13.3% |
| Stocks and contracts in progress | 3 | €48,451 | €48,451 | = | 0.0% |
| Stocks | 30/36 | €48,451 | €48,451 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,750 | €76,401 | +€11,651 | +18.0% |
| Trade receivables | 40 | €60,578 | €60,552 | -€27 | 0.0% |
| Other amounts receivable | 41 | €4,171 | €15,849 | +€11,678 | +280% |
| Cash at bank and in hand | 54/58 | €109,525 | €68,153 | -€41,373 | -37.8% |
| Deferred charges and accrued income | 490/1 | €1,703 | €1,467 | -€236 | -13.8% |
| Total equity and liabilities | 10/49 | €428,441 | €395,154 | -€33,286 | -7.8% |
| Equity | 10/15 | €213,953 | €209,107 | -€4,846 | -2.3% |
| Contributions | 10/11 | €21,333 | €21,333 | = | 0.0% |
| Reserves | 13 | €192,620 | €187,773 | -€4,846 | -2.5% |
| Distributable reserves | 133 | €192,620 | €187,773 | -€4,846 | -2.5% |
| Amounts payable | 17/49 | €214,487 | €186,047 | -€28,440 | -13.3% |
| Amounts payable after more than one year | 17 | €175,000 | €140,000 | -€35,000 | -20.0% |
| Financial debts | 170/4 | €175,000 | €140,000 | -€35,000 | -20.0% |
| Amounts payable within one year | 42/48 | €35,997 | €42,911 | +€6,914 | +19.2% |
| Trade debts | 44 | €9,099 | €18,144 | +€9,046 | +99.4% |
| Suppliers | 440/4 | €9,099 | €18,144 | +€9,046 | +99.4% |
| Taxes, remuneration and social security | 45 | €19,810 | €24,623 | +€4,813 | +24.3% |
| Taxes | 450/3 | €11,382 | €12,935 | +€1,553 | +13.6% |
| Remuneration and social security | 454/9 | €8,428 | €11,688 | +€3,260 | +38.7% |
| Other amounts payable | 47/48 | €7,088 | €144 | -€6,944 | -98.0% |
| Accrued charges and deferred income | 492/3 | €3,490 | €3,136 | -€354 | -10.1% |
| Remuneration, social security and pensions | 62 | €68,819 | €100,597 | +€31,778 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,707 | €20,312 | +€3,606 | +21.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €228 | €0 | -€228 | -100% |
| Other operating charges | 640/8 | €6,357 | €6,728 | +€371 | +5.8% |
| Gross operating margin | 9900 | €139,300 | €127,171 | -€12,130 | -8.7% |
| Operating profit (loss) | 9901 | €47,189 | -€467 | -€47,656 | |
| Financial income | 75/76B | €1,077 | €810 | -€267 | -24.8% |
| Recurring financial income | 75 | €1,077 | €810 | -€267 | -24.8% |
| Financial charges | 65/66B | €3,556 | €3,265 | -€290 | -8.2% |
| Recurring financial charges | 65 | €3,556 | €3,265 | -€290 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €44,710 | -€2,922 | -€47,633 | |
| Income taxes | 67/77 | €13,830 | €1,924 | -€11,906 | -86.1% |
| Profit (loss) for the period | 9904 | €30,881 | -€4,846 | -€35,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,881 | -€4,846 | -€35,727 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.