FILIGRAAN: 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.
FILIGRAAN
Largest movements
- Cash +€16,385
up €16,385 (+114%), from €14,399 to €30,784
mainly Receivables within one year (+€9,413) and Net result for the year (+€4,183)
- Receivables within one year -€9,413
down €9,413 (-61.4%), from €15,335 to €5,922
of which Other amounts receivable: -€7,208
- Profit (loss) carried forward +€4,183
up €4,183 (+16.6%), from €25,143 to €29,326
- Tax, wage and social debts +€1,617
up €1,617 (+34.3%), from €4,708 to €6,325
- Current portion of long-term debt +€1,086
new in 2025: €1,086
- Trade debts -€688
no longer reported in 2025 (was €688)
- Turnover +€6,928
up €6,928 (+21.5%), from €32,268 to €39,196
- Purchases and services +€4,982
up €4,982 (+19.8%), from €25,110 to €30,092
- Gross operating margin +€1,946
up €1,946 (+27.2%), from €7,158 to €9,104
- Other operating charges -€564
down €564 (-69.9%), from €807 to €243
- Financial charges -€424
down €424 (-17.6%), from €2,411 to €1,987
of which Non-recurring financial charges: -€2,244
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 | €37,359 | €43,991 | +€6,632 | +17.8% |
| Fixed assets | 21/28 | €1,641 | €1,301 | -€340 | -20.7% |
| Tangible fixed assets | 22/27 | €1,641 | €1,301 | -€340 | -20.7% |
| Plant, machinery and equipment | 23 | €753 | €659 | -€94 | -12.5% |
| Furniture and vehicles | 24 | €888 | €642 | -€246 | -27.7% |
| Current assets | 29/58 | €35,718 | €42,690 | +€6,972 | +19.5% |
| Amounts receivable within one year | 40/41 | €15,335 | €5,922 | -€9,413 | -61.4% |
| Trade receivables | 40 | €2,205 | - | -€2,205 | |
| Other amounts receivable | 41 | €13,130 | €5,922 | -€7,208 | -54.9% |
| Cash at bank and in hand | 54/58 | €14,399 | €30,784 | +€16,385 | +114% |
| Deferred charges and accrued income | 490/1 | €5,984 | €5,984 | = | 0.0% |
| Total equity and liabilities | 10/49 | €37,359 | €43,991 | +€6,632 | +17.8% |
| Equity | 10/15 | €31,963 | €36,146 | +€4,183 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,143 | €29,326 | +€4,183 | +16.6% |
| Amounts payable | 17/49 | €5,396 | €7,845 | +€2,449 | +45.4% |
| Amounts payable within one year | 42/48 | €5,396 | €7,411 | +€2,015 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | - | €1,086 | +€1,086 | |
| Trade debts | 44 | €688 | - | -€688 | |
| Suppliers | 440/4 | €688 | - | -€688 | |
| Taxes, remuneration and social security | 45 | €4,708 | €6,325 | +€1,617 | +34.3% |
| Taxes | 450/3 | €4,708 | €6,325 | +€1,617 | +34.3% |
| Accrued charges and deferred income | 492/3 | - | €434 | +€434 | |
| Turnover | 70 | €32,268 | €39,196 | +€6,928 | +21.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,110 | €30,092 | +€4,982 | +19.8% |
| Remuneration, social security and pensions | 62 | €917 | €961 | +€44 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341 | €341 | = | 0.0% |
| Other operating charges | 640/8 | €807 | €243 | -€564 | -69.9% |
| Gross operating margin | 9900 | €7,158 | €9,104 | +€1,946 | +27.2% |
| Operating profit (loss) | 9901 | €5,093 | €7,559 | +€2,466 | +48.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,411 | €1,987 | -€424 | -17.6% |
| Recurring financial charges | 65 | €167 | €1,987 | +€1,820 | +1,090% |
| Non-recurring financial charges | 66B | €2,244 | - | -€2,244 | |
| Profit (loss) for the period before taxes | 9903 | €2,682 | €5,578 | +€2,896 | +108% |
| Income taxes | 67/77 | €1,699 | €1,395 | -€304 | -17.9% |
| Profit (loss) for the period | 9904 | €983 | €4,183 | +€3,200 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €983 | €4,183 | +€3,200 | +326% |
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 18 October 2026 via checked.be.