Extern: 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.
Extern
Largest movements
- Receivables within one year +€133,776
up €133,776 (+210%), from €63,560 to €197,337
of which Other amounts receivable: +€153,250
- Financial fixed assets -€94,047
down €94,047 (-99.5%), from €94,497 to €450
- Tangible fixed assets -€4,384
down €4,384 (-22.6%), from €19,419 to €15,035
of which Furniture and vehicles: -€5,902
- Profit (loss) carried forward +€21,613
up €21,613 (+16.6%), from €130,356 to €151,969
- Tax, wage and social debts +€18,644
up €18,644 (+58.7%), from €31,735 to €50,379
- Other debts -€2,395
down €2,395 (-100%), from €2,395 to €0
- Gross operating margin -€40,583
down €40,583 (-47.1%), from €86,149 to €45,566
- Taxes -€12,729
down €12,729 (-54.1%), from €23,541 to €10,813
- Financial charges +€4,089
up €4,089 (+4,891%), from €84 to €4,173
- Depreciation +€3,894
up €3,894 (+115%), from €3,392 to €7,286
- Other operating charges -€1,418
down €1,418 (-63.1%), from €2,248 to €830
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 | €195,320 | €232,888 | +€37,567 | +19.2% |
| Fixed assets | 21/28 | €113,916 | €15,485 | -€98,432 | -86.4% |
| Tangible fixed assets | 22/27 | €19,419 | €15,035 | -€4,384 | -22.6% |
| Plant, machinery and equipment | 23 | €991 | €2,508 | +€1,518 | +153% |
| Furniture and vehicles | 24 | €18,428 | €12,526 | -€5,902 | -32.0% |
| Financial fixed assets | 28 | €94,497 | €450 | -€94,047 | -99.5% |
| Current assets | 29/58 | €81,404 | €217,403 | +€135,999 | +167% |
| Amounts receivable within one year | 40/41 | €63,560 | €197,337 | +€133,776 | +210% |
| Trade receivables | 40 | €63,359 | €43,886 | -€19,473 | -30.7% |
| Other amounts receivable | 41 | €201 | €153,451 | +€153,250 | +76,145% |
| Cash at bank and in hand | 54/58 | €17,844 | €19,980 | +€2,136 | +12.0% |
| Deferred charges and accrued income | 490/1 | - | €87 | +€87 | |
| Total equity and liabilities | 10/49 | €195,320 | €232,888 | +€37,567 | +19.2% |
| Equity | 10/15 | €150,356 | €171,969 | +€21,613 | +14.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,356 | €151,969 | +€21,613 | +16.6% |
| Amounts payable | 17/49 | €44,964 | €60,919 | +€15,955 | +35.5% |
| Amounts payable within one year | 42/48 | €44,964 | €60,919 | +€15,955 | +35.5% |
| Financial debts | 43 | €1,916 | €3,098 | +€1,183 | +61.7% |
| Credit institutions | 430/8 | €1,916 | €3,098 | +€1,183 | +61.7% |
| Trade debts | 44 | €8,918 | €7,442 | -€1,476 | -16.6% |
| Suppliers | 440/4 | €8,918 | €7,442 | -€1,476 | -16.6% |
| Taxes, remuneration and social security | 45 | €31,735 | €50,379 | +€18,644 | +58.7% |
| Taxes | 450/3 | €31,735 | €50,379 | +€18,644 | +58.7% |
| Other amounts payable | 47/48 | €2,395 | €0 | -€2,395 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,392 | €7,286 | +€3,894 | +115% |
| Other operating charges | 640/8 | €2,248 | €830 | -€1,418 | -63.1% |
| Non-recurring operating charges | 66A | €2,179 | €0 | -€2,179 | -100% |
| Gross operating margin | 9900 | €86,149 | €45,566 | -€40,583 | -47.1% |
| Operating profit (loss) | 9901 | €78,329 | €37,450 | -€40,879 | -52.2% |
| Financial income | 75/76B | €6 | €45 | +€38 | +610% |
| Recurring financial income | 75 | €6 | €45 | +€38 | +610% |
| Financial charges | 65/66B | €84 | €4,173 | +€4,089 | +4,891% |
| Recurring financial charges | 65 | €84 | €4,173 | +€4,089 | +4,891% |
| Profit (loss) for the period before taxes | 9903 | €78,252 | €33,322 | -€44,930 | -57.4% |
| Income taxes | 67/77 | €23,541 | €10,813 | -€12,729 | -54.1% |
| Profit (loss) for the period | 9904 | €54,711 | €22,509 | -€32,201 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,711 | €22,509 | -€32,201 | -58.9% |
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 15 October 2026 via checked.be.