EXTERNALIZ-IT: 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.
EXTERNALIZ-IT
Largest movements
- Deferred charges and accrued income +€188,110
up €188,110 (+56.8%), from €330,969 to €519,078
- Receivables within one year +€114,353
up €114,353 (+32.9%), from €347,429 to €461,783
of which Trade receivables: +€215,555
- Intangible fixed assets +€35,730
new in 2025: €35,730
- Cash +€22,864
up €22,864 (+125%), from €18,321 to €41,185
mainly Tax, wage and social debts (+€162,983) and Trade debts (+€89,575)
- Tax, wage and social debts +€162,983
up €162,983 (+41.3%), from €394,998 to €557,981
of which Taxes: +€84,891
- Trade debts +€89,575
up €89,575 (+273%), from €32,810 to €122,385
- Debts after one year +€84,914
up €84,914 (+65.3%), from €130,000 to €214,914
- Profit (loss) carried forward +€22,630
up €22,630 (+22.3%), from €101,325 to €123,955
- Gross operating margin +€228,164
up €228,164 (+52.1%), from €437,557 to €665,721
- Staff costs +€156,953
up €156,953 (+46.1%), from €340,605 to €497,558
- Financial charges +€47,095
up €47,095 (+458%), from €10,276 to €57,371
- Other operating charges +€29,222
up €29,222 (+192%), from €15,247 to €44,469
- Taxes +€23,323
up €23,323 (+130%), from €18,000 to €41,323
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 | €708,011 | €1,066,018 | +€358,007 | +50.6% |
| Formation expenses | 20 | €58 | €0 | -€58 | -100% |
| Fixed assets | 21/28 | €11,234 | €43,972 | +€32,738 | +291% |
| Intangible fixed assets | 21 | - | €35,730 | +€35,730 | |
| Tangible fixed assets | 22/27 | €11,234 | €8,241 | -€2,993 | -26.6% |
| Furniture and vehicles | 24 | €7,041 | €4,564 | -€2,477 | -35.2% |
| Other tangible fixed assets | 26 | €4,193 | €3,677 | -€516 | -12.3% |
| Current assets | 29/58 | €696,719 | €1,022,046 | +€325,327 | +46.7% |
| Amounts receivable within one year | 40/41 | €347,429 | €461,783 | +€114,353 | +32.9% |
| Trade receivables | 40 | €127,671 | €343,226 | +€215,555 | +169% |
| Other amounts receivable | 41 | €219,759 | €118,557 | -€101,202 | -46.1% |
| Cash at bank and in hand | 54/58 | €18,321 | €41,185 | +€22,864 | +125% |
| Deferred charges and accrued income | 490/1 | €330,969 | €519,078 | +€188,110 | +56.8% |
| Total equity and liabilities | 10/49 | €708,011 | €1,066,018 | +€358,007 | +50.6% |
| Equity | 10/15 | €103,325 | €125,955 | +€22,630 | +21.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,325 | €123,955 | +€22,630 | +22.3% |
| Amounts payable | 17/49 | €604,686 | €940,062 | +€335,376 | +55.5% |
| Amounts payable after more than one year | 17 | €130,000 | €214,914 | +€84,914 | +65.3% |
| Financial debts | 170/4 | €130,000 | €214,914 | +€84,914 | +65.3% |
| Amounts payable within one year | 42/48 | €474,686 | €725,091 | +€250,405 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €46,878 | €44,725 | -€2,153 | -4.6% |
| Trade debts | 44 | €32,810 | €122,385 | +€89,575 | +273% |
| Suppliers | 440/4 | €32,810 | €122,385 | +€89,575 | +273% |
| Taxes, remuneration and social security | 45 | €394,998 | €557,981 | +€162,983 | +41.3% |
| Taxes | 450/3 | €278,402 | €363,293 | +€84,891 | +30.5% |
| Remuneration and social security | 454/9 | €116,596 | €194,688 | +€78,092 | +67.0% |
| Accrued charges and deferred income | 492/3 | - | €58 | +€58 | |
| Remuneration, social security and pensions | 62 | €340,605 | €497,558 | +€156,953 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,264 | €3,070 | -€194 | -6.0% |
| Other operating charges | 640/8 | €15,247 | €44,469 | +€29,222 | +192% |
| Gross operating margin | 9900 | €437,557 | €665,721 | +€228,164 | +52.1% |
| Operating profit (loss) | 9901 | €78,441 | €120,624 | +€42,183 | +53.8% |
| Financial income | 75/76B | €52 | €700 | +€648 | +1,255% |
| Recurring financial income | 75 | €52 | €700 | +€648 | +1,255% |
| Financial charges | 65/66B | €10,276 | €57,371 | +€47,095 | +458% |
| Recurring financial charges | 65 | €10,276 | €57,371 | +€47,095 | +458% |
| Profit (loss) for the period before taxes | 9903 | €68,217 | €63,954 | -€4,264 | -6.2% |
| Income taxes | 67/77 | €18,000 | €41,323 | +€23,323 | +130% |
| Profit (loss) for the period | 9904 | €50,217 | €22,630 | -€27,587 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,217 | €22,630 | -€27,587 | -54.9% |
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 26 October 2026 via checked.be.