Drawer: 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.
Drawer
Largest movements
- Stocks and contracts -€380,943
down €380,943 (-100.0%), from €380,943 to €0
- Receivables within one year +€241,382
up €241,382 (+451.2%), from €53,492 to €294,874
of which Trade receivables: +€191,874
- Advances received +€225,931
new in 2025: €225,931
- Short-term financial debts -€200,566
down €200,566 (-100.0%), from €200,566 to €0
- Tax, wage and social debts -€75,396
down €75,396 (-90.8%), from €83,045 to €7,649
- Trade debts -€50,426
down €50,426 (-78.2%), from €64,482 to €14,056
- Other debts -€40,024
down €40,024 (-64.8%), from €61,724 to €21,700
- Gross operating margin -€26,526
down €26,526 (-55.3%), from €47,928 to €21,403
- Other operating charges +€8,745
up €8,745 (+1730.6%), from €505 to €9,251
- Taxes -€4,653
down €4,653 (-74.3%), from €6,262 to €1,609
- Financial charges -€1,452
down €1,452 (-12.4%), from €11,710 to €10,258
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 | €439,865 | €299,671 | -€140,195 | -31.9% |
| Current assets | 29/58 | €439,865 | €299,671 | -€140,195 | -31.9% |
| Stocks and contracts in progress | 3 | €380,943 | €0 | -€380,943 | -100.0% |
| Stocks | 30/36 | €380,943 | €0 | -€380,943 | -100.0% |
| Amounts receivable within one year | 40/41 | €53,492 | €294,874 | +€241,382 | +451.2% |
| Trade receivables | 40 | €1,002 | €192,876 | +€191,874 | +19147.4% |
| Other amounts receivable | 41 | €52,490 | €101,998 | +€49,508 | +94.3% |
| Cash at bank and in hand | 54/58 | €0 | €517 | +€517 | |
| Deferred charges and accrued income | 490/1 | €5,430 | €4,280 | -€1,151 | -21.2% |
| Total equity and liabilities | 10/49 | €439,865 | €299,671 | -€140,195 | -31.9% |
| Equity | 10/15 | €30,048 | €30,334 | +€286 | +1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,048 | €25,334 | +€286 | +1.1% |
| Distributable reserves | 133 | €25,048 | €25,334 | +€286 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €409,818 | €269,337 | -€140,481 | -34.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €409,818 | €269,337 | -€140,481 | -34.3% |
| Financial debts | 43 | €200,566 | €0 | -€200,566 | -100.0% |
| Credit institutions | 430/8 | €200,566 | €0 | -€200,566 | -100.0% |
| Trade debts | 44 | €64,482 | €14,056 | -€50,426 | -78.2% |
| Suppliers | 440/4 | €64,482 | €14,056 | -€50,426 | -78.2% |
| Advances received on contracts in progress | 46 | - | €225,931 | +€225,931 | |
| Taxes, remuneration and social security | 45 | €83,045 | €7,649 | -€75,396 | -90.8% |
| Taxes | 450/3 | €83,045 | €7,649 | -€75,396 | -90.8% |
| Other amounts payable | 47/48 | €61,724 | €21,700 | -€40,024 | -64.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €9,251 | +€8,745 | +1730.6% |
| Gross operating margin | 9900 | €47,928 | €21,403 | -€26,526 | -55.3% |
| Operating profit (loss) | 9901 | €47,423 | €12,152 | -€35,271 | -74.4% |
| Financial income | 75/76B | €18 | €1 | -€17 | -94.4% |
| Recurring financial income | 75 | €18 | €1 | -€17 | -94.4% |
| Financial charges | 65/66B | €11,710 | €10,258 | -€1,452 | -12.4% |
| Recurring financial charges | 65 | €11,710 | €10,258 | -€1,452 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €35,731 | €1,895 | -€33,836 | -94.7% |
| Income taxes | 67/77 | €6,262 | €1,609 | -€4,653 | -74.3% |
| Profit (loss) for the period | 9904 | €29,469 | €286 | -€29,183 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,469 | €286 | -€29,183 | -99.0% |
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 10 October 2026 via checked.be.