EXTRA: what changed
Two fiscal 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.
EXTRA
Largest movements
- Stocks and contracts -€88,000
down €88,000 (-31.3%), from €281,209 to €193,209
- Cash +€11,800
up €11,800 (+56.8%), from €20,759 to €32,559
mainly Stocks and contracts (+€88,000) and Tax, wage and social debts (+€40,051)
- Tangible fixed assets -€11,347
down €11,347 (-13.3%), from €85,442 to €74,095
of which Plant, machinery and equipment: -€6,639
- Receivables within one year -€11,132
down €11,132 (-50.4%), from €22,086 to €10,953
of which Trade receivables: -€11,554
- Other debts -€145,929
down €145,929 (-68.7%), from €212,466 to €66,536
- Tax, wage and social debts +€40,051
up €40,051 (+424.2%), from €9,441 to €49,492
of which Remuneration and social security: +€21,128
- Profit (loss) carried forward +€20,564
up €20,564 (+28.8%), from €71,302 to €91,866
- Trade debts -€13,560
down €13,560 (-13.8%), from €98,492 to €84,932
- Depreciation +€7,296
up €7,296 (+23.1%), from €31,551 to €38,847
- Other operating charges -€7,120
down €7,120 (-46.7%), from €15,258 to €8,138
- Gross operating margin +€5,607
up €5,607 (+8.0%), from €70,122 to €75,729
- Financial charges -€1,233
down €1,233 (-63.0%), from €1,957 to €724
- Taxes +€1,178
up €1,178 (+17.3%), from €6,819 to €7,997
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 | €412,161 | €314,537 | -€97,624 | -23.7% |
| Fixed assets | 21/28 | €88,107 | €76,760 | -€11,347 | -12.9% |
| Tangible fixed assets | 22/27 | €85,442 | €74,095 | -€11,347 | -13.3% |
| Plant, machinery and equipment | 23 | €18,403 | €11,765 | -€6,639 | -36.1% |
| Furniture and vehicles | 24 | €62,476 | €58,530 | -€3,946 | -6.3% |
| Other tangible fixed assets | 26 | €4,562 | €3,801 | -€762 | -16.7% |
| Financial fixed assets | 28 | €2,665 | €2,665 | = | 0.0% |
| Current assets | 29/58 | €324,054 | €237,777 | -€86,277 | -26.6% |
| Stocks and contracts in progress | 3 | €281,209 | €193,209 | -€88,000 | -31.3% |
| Stocks | 30/36 | €281,209 | €193,209 | -€88,000 | -31.3% |
| Amounts receivable within one year | 40/41 | €22,086 | €10,953 | -€11,132 | -50.4% |
| Trade receivables | 40 | €21,882 | €10,328 | -€11,554 | -52.8% |
| Other amounts receivable | 41 | €203 | €625 | +€422 | +207.6% |
| Cash at bank and in hand | 54/58 | €20,759 | €32,559 | +€11,800 | +56.8% |
| Deferred charges and accrued income | 490/1 | - | €1,055 | +€1,055 | |
| Total equity and liabilities | 10/49 | €412,161 | €314,537 | -€97,624 | -23.7% |
| Equity | 10/15 | €91,762 | €112,326 | +€20,564 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,302 | €91,866 | +€20,564 | +28.8% |
| Amounts payable | 17/49 | €320,399 | €202,210 | -€118,188 | -36.9% |
| Amounts payable within one year | 42/48 | €320,399 | €200,960 | -€119,438 | -37.3% |
| Trade debts | 44 | €98,492 | €84,932 | -€13,560 | -13.8% |
| Suppliers | 440/4 | €98,492 | €84,932 | -€13,560 | -13.8% |
| Taxes, remuneration and social security | 45 | €9,441 | €49,492 | +€40,051 | +424.2% |
| Taxes | 450/3 | €9,441 | €28,364 | +€18,923 | +200.4% |
| Remuneration and social security | 454/9 | - | €21,128 | +€21,128 | |
| Other amounts payable | 47/48 | €212,466 | €66,536 | -€145,929 | -68.7% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Non-recurring operating income | 76A | €3,188 | - | -€3,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,551 | €38,847 | +€7,296 | +23.1% |
| Other operating charges | 640/8 | €15,258 | €8,138 | -€7,120 | -46.7% |
| Non-recurring operating charges | 66A | - | €2,807 | +€2,807 | |
| Gross operating margin | 9900 | €70,122 | €75,729 | +€5,607 | +8.0% |
| Operating profit (loss) | 9901 | €23,312 | €25,937 | +€2,625 | +11.3% |
| Financial income | 75/76B | €3,334 | €3,349 | +€15 | +0.4% |
| Recurring financial income | 75 | €3,334 | €3,349 | +€15 | +0.4% |
| Financial charges | 65/66B | €1,957 | €724 | -€1,233 | -63.0% |
| Recurring financial charges | 65 | €1,957 | €724 | -€1,233 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €24,689 | €28,561 | +€3,873 | +15.7% |
| Income taxes | 67/77 | €6,819 | €7,997 | +€1,178 | +17.3% |
| Profit (loss) for the period | 9904 | €17,870 | €20,564 | +€2,694 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,870 | €20,564 | +€2,694 | +15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.