E BUSINESS INTELLIGENCE: 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.
E BUSINESS INTELLIGENCE
Largest movements
- Current investments -€21,445
down €21,445 (-85.8%), from €25,000 to €3,555
- Tangible fixed assets -€21,240
down €21,240 (-6.7%), from €314,727 to €293,486
of which Furniture and vehicles: -€12,418
- Cash +€11,912
up €11,912 (+24.5%), from €48,552 to €60,464
mainly Net result for the year (+€49,433) and Depreciation (+€28,797)
- Receivables within one year -€10,520
down €10,520 (-20.1%), from €52,227 to €41,707
of which Trade receivables: -€7,342
- Debts after one year -€24,326
down €24,326 (-36.5%), from €66,594 to €42,268
- Reserves -€20,053
down €20,053 (-6.5%), from €306,279 to €286,226
of which Distributable reserves: -€20,053
- Tax, wage and social debts +€10,497
up €10,497 (+80.0%), from €13,116 to €23,613
of which Remuneration and social security: +€10,087
- Other debts -€7,385
down €7,385 (-92.5%), from €7,986 to €600
- Gross operating margin +€13,525
up €13,525 (+15.0%), from €90,360 to €103,885
- Taxes +€4,159
up €4,159 (+25.2%), from €16,503 to €20,662
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 | €441,945 | €403,905 | -€38,040 | -8.6% |
| Fixed assets | 21/28 | €314,727 | €293,486 | -€21,240 | -6.7% |
| Tangible fixed assets | 22/27 | €314,727 | €293,486 | -€21,240 | -6.7% |
| Land and buildings | 22 | €258,964 | €248,300 | -€10,664 | -4.1% |
| Plant, machinery and equipment | 23 | €1,091 | €2,932 | +€1,841 | +169% |
| Furniture and vehicles | 24 | €54,672 | €42,254 | -€12,418 | -22.7% |
| Current assets | 29/58 | €127,219 | €110,419 | -€16,800 | -13.2% |
| Amounts receivable within one year | 40/41 | €52,227 | €41,707 | -€10,520 | -20.1% |
| Trade receivables | 40 | €46,375 | €39,033 | -€7,342 | -15.8% |
| Other amounts receivable | 41 | €5,852 | €2,674 | -€3,178 | -54.3% |
| Current investments | 50/53 | €25,000 | €3,555 | -€21,445 | -85.8% |
| Cash at bank and in hand | 54/58 | €48,552 | €60,464 | +€11,912 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,440 | €4,692 | +€3,252 | +226% |
| Total equity and liabilities | 10/49 | €441,945 | €403,905 | -€38,040 | -8.6% |
| Equity | 10/15 | €326,455 | €306,402 | -€20,053 | -6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €306,279 | €286,226 | -€20,053 | -6.5% |
| Non-distributable reserves | 130/1 | €10,550 | €10,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,550 | €10,550 | = | 0.0% |
| Distributable reserves | 133 | €295,729 | €275,676 | -€20,053 | -6.8% |
| Profit (loss) carried forward | 14 | €176 | €176 | = | 0.0% |
| Amounts payable | 17/49 | €115,491 | €97,503 | -€17,988 | -15.6% |
| Amounts payable after more than one year | 17 | €66,594 | €42,268 | -€24,326 | -36.5% |
| Financial debts | 170/4 | €66,594 | €42,268 | -€24,326 | -36.5% |
| Amounts payable within one year | 42/48 | €48,897 | €55,235 | +€6,338 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €23,712 | €24,326 | +€614 | +2.6% |
| Financial debts | 43 | €0 | €158 | +€158 | |
| Credit institutions | 430/8 | €0 | €158 | +€158 | |
| Trade debts | 44 | €4,083 | €6,537 | +€2,453 | +60.1% |
| Suppliers | 440/4 | €4,083 | €6,537 | +€2,453 | +60.1% |
| Taxes, remuneration and social security | 45 | €13,116 | €23,613 | +€10,497 | +80.0% |
| Taxes | 450/3 | €13,116 | €13,527 | +€411 | +3.1% |
| Remuneration and social security | 454/9 | - | €10,087 | +€10,087 | |
| Other amounts payable | 47/48 | €7,986 | €600 | -€7,385 | -92.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,390 | €28,797 | +€408 | +1.4% |
| Other operating charges | 640/8 | €2,685 | €2,538 | -€147 | -5.5% |
| Gross operating margin | 9900 | €90,360 | €103,885 | +€13,525 | +15.0% |
| Operating profit (loss) | 9901 | €59,285 | €72,549 | +€13,265 | +22.4% |
| Financial income | 75/76B | €1,331 | €1,245 | -€86 | -6.5% |
| Recurring financial income | 75 | €1,331 | €1,245 | -€86 | -6.5% |
| Financial charges | 65/66B | €4,558 | €3,700 | -€858 | -18.8% |
| Recurring financial charges | 65 | €4,558 | €3,700 | -€858 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €56,058 | €70,094 | +€14,037 | +25.0% |
| Income taxes | 67/77 | €16,503 | €20,662 | +€4,159 | +25.2% |
| Profit (loss) for the period | 9904 | €39,555 | €49,433 | +€9,878 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,555 | €49,433 | +€9,878 | +25.0% |
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 13 October 2026 via checked.be.