Filter&Co: 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.
Filter&Co
Largest movements
- Cash +€282,829
up €282,829 (+52.0%), from €543,910 to €826,739
mainly Net result for the year (+€646,773) and Depreciation (+€65,217)
- Tangible fixed assets +€54,110
up €54,110 (+35.5%), from €152,568 to €206,679
of which Furniture and vehicles: +€52,652
- Stocks and contracts +€52,105
up €52,105 (+66.7%), from €78,082 to €130,187
- Reserves +€210,500
up €210,500 (+41.3%), from €509,949 to €720,449
of which Tax-exempt reserves: +€210,500
- Profit (loss) carried forward +€139,845
up €139,845 (+34.2%), from €408,438 to €548,282
- Other debts +€57,500
up €57,500 (+25.6%), from €225,000 to €282,500
- Trade debts +€31,659
up €31,659 (+44.6%), from €71,048 to €102,708
- Tax, wage and social debts -€23,934
down €23,934 (-17.5%), from €136,671 to €112,738
of which Taxes: -€32,279
- Gross operating margin +€160,744
up €160,744 (+13.6%), from €1.2m to €1.3m
- Staff costs +€139,298
up €139,298 (+39.3%), from €354,506 to €493,804
- Depreciation +€31,410
up €31,410 (+92.9%), from €33,807 to €65,217
- Taxes -€16,165
down €16,165 (-10.9%), from €148,231 to €132,066
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 | €1,372,106 | €1,787,676 | +€415,571 | +30.3% |
| Fixed assets | 21/28 | €159,938 | €214,049 | +€54,110 | +33.8% |
| Tangible fixed assets | 22/27 | €152,568 | €206,679 | +€54,110 | +35.5% |
| Plant, machinery and equipment | 23 | €6,664 | €8,123 | +€1,458 | +21.9% |
| Furniture and vehicles | 24 | €145,904 | €198,556 | +€52,652 | +36.1% |
| Financial fixed assets | 28 | €7,370 | €7,370 | = | 0.0% |
| Current assets | 29/58 | €1,212,168 | €1,573,628 | +€361,460 | +29.8% |
| Stocks and contracts in progress | 3 | €78,082 | €130,187 | +€52,105 | +66.7% |
| Stocks | 30/36 | €78,082 | €130,187 | +€52,105 | +66.7% |
| Amounts receivable within one year | 40/41 | €179,025 | €192,708 | +€13,682 | +7.6% |
| Trade receivables | 40 | €179,025 | €167,594 | -€11,431 | -6.4% |
| Other amounts receivable | 41 | - | €25,113 | +€25,113 | |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €543,910 | €826,739 | +€282,829 | +52.0% |
| Deferred charges and accrued income | 490/1 | €11,150 | €23,994 | +€12,844 | +115.2% |
| Total equity and liabilities | 10/49 | €1,372,106 | €1,787,676 | +€415,571 | +30.3% |
| Equity | 10/15 | €939,386 | €1,289,731 | +€350,345 | +37.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €509,949 | €720,449 | +€210,500 | +41.3% |
| Non-distributable reserves | 130/1 | €400,000 | €400,000 | = | 0.0% |
| Own shares acquired | 1312 | €400,000 | €400,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €109,949 | €109,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €408,438 | €548,282 | +€139,845 | +34.2% |
| Amounts payable | 17/49 | €432,719 | €497,945 | +€65,226 | +15.1% |
| Amounts payable within one year | 42/48 | €432,719 | €497,945 | +€65,226 | +15.1% |
| Trade debts | 44 | €71,048 | €102,708 | +€31,659 | +44.6% |
| Suppliers | 440/4 | €71,048 | €102,708 | +€31,659 | +44.6% |
| Taxes, remuneration and social security | 45 | €136,671 | €112,738 | -€23,934 | -17.5% |
| Taxes | 450/3 | €91,070 | €58,791 | -€32,279 | -35.4% |
| Remuneration and social security | 454/9 | €45,602 | €53,947 | +€8,346 | +18.3% |
| Other amounts payable | 47/48 | €225,000 | €282,500 | +€57,500 | +25.6% |
| Remuneration, social security and pensions | 62 | €354,506 | €493,804 | +€139,298 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,807 | €65,217 | +€31,410 | +92.9% |
| Other operating charges | 640/8 | €2,803 | €4,033 | +€1,230 | +43.9% |
| Gross operating margin | 9900 | €1,182,168 | €1,342,912 | +€160,744 | +13.6% |
| Operating profit (loss) | 9901 | €791,052 | €779,857 | -€11,194 | -1.4% |
| Financial income | 75/76B | €334 | €260 | -€73 | -21.9% |
| Recurring financial income | 75 | €334 | €260 | -€73 | -21.9% |
| Financial charges | 65/66B | €9,716 | €1,279 | -€8,437 | -86.8% |
| Recurring financial charges | 65 | €9,716 | €1,279 | -€8,437 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €781,669 | €778,839 | -€2,830 | -0.4% |
| Income taxes | 67/77 | €148,231 | €132,066 | -€16,165 | -10.9% |
| Profit (loss) for the period | 9904 | €633,438 | €646,773 | +€13,335 | +2.1% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €633,438 | €436,273 | -€197,165 | -31.1% |
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 9 October 2026 via checked.be.