EXACT PRODUCTION: 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.
EXACT PRODUCTION
Largest movements
- Cash +€24,315
up €24,315 (+39.7%), from €61,295 to €85,609
mainly Net result for the year (+€34,540) and Depreciation (+€15,926)
- Receivables within one year +€17,397
up €17,397 (+63.2%), from €27,540 to €44,937
- Tangible fixed assets -€9,622
down €9,622 (-28.1%), from €34,220 to €24,597
of which Furniture and vehicles: -€10,076
- Deferred charges and accrued income +€5,999
up €5,999 (+358%), from €1,676 to €7,674
- Reserves +€34,500
up €34,500 (+128%), from €27,000 to €61,500
of which Distributable reserves: +€34,500
- Tax, wage and social debts +€3,330
up €3,330 (+48.7%), from €6,844 to €10,173
of which Taxes: +€3,172
- Gross operating margin +€27,530
up €27,530 (+48.5%), from €56,735 to €84,265
- Write-downs +€6,723
up €6,723, from -€6,723 to €0
- Depreciation -€2,028
down €2,028 (-11.3%), from €17,954 to €15,926
- Financial charges +€1,754
up €1,754 (+158%), from €1,107 to €2,862
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 | €201,825 | €240,650 | +€38,825 | +19.2% |
| Fixed assets | 21/28 | €34,250 | €24,627 | -€9,622 | -28.1% |
| Tangible fixed assets | 22/27 | €34,220 | €24,597 | -€9,622 | -28.1% |
| Plant, machinery and equipment | 23 | €8,641 | €9,273 | +€631 | +7.3% |
| Furniture and vehicles | 24 | €24,791 | €14,714 | -€10,076 | -40.6% |
| Other tangible fixed assets | 26 | €787 | €610 | -€177 | -22.5% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €167,576 | €216,023 | +€48,448 | +28.9% |
| Stocks and contracts in progress | 3 | €3,640 | €4,370 | +€730 | +20.1% |
| Stocks | 30/36 | €3,640 | €4,370 | +€730 | +20.1% |
| Amounts receivable within one year | 40/41 | €27,540 | €44,937 | +€17,397 | +63.2% |
| Trade receivables | 40 | €27,540 | €44,937 | +€17,397 | +63.2% |
| Current investments | 50/53 | €73,425 | €73,432 | +€7 | 0.0% |
| Cash at bank and in hand | 54/58 | €61,295 | €85,609 | +€24,315 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,676 | €7,674 | +€5,999 | +358% |
| Total equity and liabilities | 10/49 | €201,825 | €240,650 | +€38,825 | +19.2% |
| Equity | 10/15 | €146,695 | €181,235 | +€34,540 | +23.5% |
| Contributions | 10/11 | €119,056 | €119,056 | = | 0.0% |
| Reserves | 13 | €27,000 | €61,500 | +€34,500 | +128% |
| Non-distributable reserves | 130/1 | €11,906 | €11,906 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,906 | €11,906 | = | 0.0% |
| Distributable reserves | 133 | €15,094 | €49,594 | +€34,500 | +229% |
| Profit (loss) carried forward | 14 | €639 | €679 | +€40 | +6.3% |
| Amounts payable | 17/49 | €55,130 | €59,416 | +€4,285 | +7.8% |
| Amounts payable within one year | 42/48 | €54,358 | €56,856 | +€2,497 | +4.6% |
| Trade debts | 44 | €11,582 | €9,509 | -€2,073 | -17.9% |
| Suppliers | 440/4 | €11,582 | €9,509 | -€2,073 | -17.9% |
| Taxes, remuneration and social security | 45 | €6,844 | €10,173 | +€3,330 | +48.7% |
| Taxes | 450/3 | €2,745 | €5,917 | +€3,172 | +116% |
| Remuneration and social security | 454/9 | €4,099 | €4,257 | +€158 | +3.9% |
| Other amounts payable | 47/48 | €35,933 | €37,173 | +€1,240 | +3.5% |
| Accrued charges and deferred income | 492/3 | €772 | €2,560 | +€1,788 | +231% |
| Non-recurring operating income | 76A | - | €578 | +€578 | |
| Remuneration, social security and pensions | 62 | €28,573 | €29,372 | +€799 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,954 | €15,926 | -€2,028 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,723 | €0 | +€6,723 | |
| Other operating charges | 640/8 | €939 | €810 | -€129 | -13.8% |
| Gross operating margin | 9900 | €56,735 | €84,265 | +€27,530 | +48.5% |
| Operating profit (loss) | 9901 | €15,992 | €38,157 | +€22,165 | +139% |
| Financial income | 75/76B | €308 | €45 | -€263 | -85.4% |
| Recurring financial income | 75 | €308 | €45 | -€263 | -85.4% |
| Financial charges | 65/66B | €1,107 | €2,862 | +€1,754 | +158% |
| Recurring financial charges | 65 | €1,107 | €2,862 | +€1,754 | +158% |
| Profit (loss) for the period before taxes | 9903 | €15,193 | €35,340 | +€20,147 | +133% |
| Income taxes | 67/77 | €1,105 | €800 | -€305 | -27.6% |
| Profit (loss) for the period | 9904 | €14,087 | €34,540 | +€20,453 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €14,087 | €34,540 | +€20,453 | +145% |
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 25 October 2026 via checked.be.