FAKTS: 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.
FAKTS
Largest movements
- Intangible fixed assets -€78,771
down €78,771 (-41.5%), from €189,978 to €111,206
- Tangible fixed assets +€53,327
up €53,327 (+24.0%), from €222,357 to €275,684
of which Furniture and vehicles: +€42,189
- Receivables within one year +€45,878
up €45,878 (+5.7%), from €809,393 to €855,271
of which Trade receivables: +€108,413
- Other debts -€92,547
down €92,547 (-80.0%), from €115,711 to €23,165
- Tax, wage and social debts +€89,257
up €89,257 (+48.9%), from €182,415 to €271,672
of which Taxes: +€67,789
- Current portion of long-term debt -€41,222
down €41,222 (-58.0%), from €71,033 to €29,811
- Short-term financial debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward +€37,524
up €37,524 (+65.2%), from €57,547 to €95,071
- Staff costs +€159,221
up €159,221 (+21.6%), from €736,828 to €896,049
- Gross operating margin +€67,104
up €67,104 (+6.1%), from €1.1m to €1.2m
- Other operating charges -€51,265
down €51,265 (-84.6%), from €60,620 to €9,355
- Taxes +€21,680
up €21,680 (+97.6%), from €22,221 to €43,901
- Write-downs -€14,480
down €14,480 (-100.0%), from €14,480 to €0
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 | €1,418,226 | €1,460,262 | +€42,036 | +3.0% |
| Fixed assets | 21/28 | €417,335 | €391,890 | -€25,444 | -6.1% |
| Intangible fixed assets | 21 | €189,978 | €111,206 | -€78,771 | -41.5% |
| Tangible fixed assets | 22/27 | €222,357 | €275,684 | +€53,327 | +24.0% |
| Plant, machinery and equipment | 23 | €8,138 | €4,120 | -€4,018 | -49.4% |
| Furniture and vehicles | 24 | €38,607 | €80,796 | +€42,189 | +109.3% |
| Other tangible fixed assets | 26 | €175,612 | €190,768 | +€15,157 | +8.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,000,892 | €1,068,372 | +€67,480 | +6.7% |
| Amounts receivable within one year | 40/41 | €809,393 | €855,271 | +€45,878 | +5.7% |
| Trade receivables | 40 | €673,814 | €782,227 | +€108,413 | +16.1% |
| Other amounts receivable | 41 | €135,579 | €73,045 | -€62,535 | -46.1% |
| Cash at bank and in hand | 54/58 | €101,206 | €114,505 | +€13,300 | +13.1% |
| Deferred charges and accrued income | 490/1 | €90,293 | €98,595 | +€8,302 | +9.2% |
| Total equity and liabilities | 10/49 | €1,418,226 | €1,460,262 | +€42,036 | +3.0% |
| Equity | 10/15 | €412,680 | €450,204 | +€37,524 | +9.1% |
| Contributions | 10/11 | €337,686 | €337,686 | = | 0.0% |
| Reserves | 13 | €17,447 | €17,447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,447 | €17,447 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,447 | €17,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,547 | €95,071 | +€37,524 | +65.2% |
| Amounts payable | 17/49 | €1,005,546 | €1,010,058 | +€4,512 | +0.4% |
| Amounts payable after more than one year | 17 | €438,591 | €425,625 | -€12,966 | -3.0% |
| Financial debts | 170/4 | €438,591 | €425,625 | -€12,966 | -3.0% |
| Amounts payable within one year | 42/48 | €566,955 | €582,782 | +€15,827 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €71,033 | €29,811 | -€41,222 | -58.0% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Other loans | 439 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €197,796 | €218,135 | +€20,338 | +10.3% |
| Suppliers | 440/4 | €197,796 | €218,135 | +€20,338 | +10.3% |
| Taxes, remuneration and social security | 45 | €182,415 | €271,672 | +€89,257 | +48.9% |
| Taxes | 450/3 | €64,804 | €132,593 | +€67,789 | +104.6% |
| Remuneration and social security | 454/9 | €117,611 | €139,079 | +€21,468 | +18.3% |
| Other amounts payable | 47/48 | €115,711 | €23,165 | -€92,547 | -80.0% |
| Accrued charges and deferred income | 492/3 | - | €1,651 | +€1,651 | |
| Remuneration, social security and pensions | 62 | €736,828 | €896,049 | +€159,221 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,883 | €156,868 | +€13,985 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,480 | €0 | -€14,480 | -100.0% |
| Other operating charges | 640/8 | €60,620 | €9,355 | -€51,265 | -84.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,106,183 | €1,173,287 | +€67,104 | +6.1% |
| Operating profit (loss) | 9901 | €151,372 | €111,015 | -€40,356 | -26.7% |
| Financial income | 75/76B | €874 | €266 | -€608 | -69.5% |
| Recurring financial income | 75 | €874 | €266 | -€608 | -69.5% |
| Financial charges | 65/66B | €33,754 | €29,857 | -€3,897 | -11.5% |
| Recurring financial charges | 65 | €33,754 | €29,857 | -€3,897 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €118,492 | €81,425 | -€37,067 | -31.3% |
| Income taxes | 67/77 | €22,221 | €43,901 | +€21,680 | +97.6% |
| Profit (loss) for the period | 9904 | €96,270 | €37,524 | -€58,746 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,270 | €37,524 | -€58,746 | -61.0% |
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 8 October 2026 via checked.be.