FILTER CONCEPT: 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 CONCEPT
Largest movements
- Cash +€71,992
up €71,992 (+304%), from €23,686 to €95,678
mainly Net result for the year (+€121,613) and Other debts (+€65,059)
- Stocks and contracts -€35,118
down €35,118 (-31.7%), from €110,618 to €75,501
- Financial fixed assets -€12,000
down €12,000 (-99.0%), from €12,125 to €125
- Other debts +€65,059
new in 2025: €65,059
- Debts after one year -€41,497
down €41,497 (-25.7%), from €161,474 to €119,977
- Reserves -€32,087
down €32,087 (-4.1%), from €783,298 to €751,211
of which Distributable reserves: -€30,232
- Trade debts +€25,706
up €25,706 (+91.0%), from €28,238 to €53,944
- Tax, wage and social debts +€13,657
up €13,657 (+249%), from €5,493 to €19,151
of which Taxes: +€18,957
- Gross operating margin +€42,447
up €42,447 (+17.0%), from €250,123 to €292,570
- Taxes +€13,136
up €13,136 (+30.3%), from €43,352 to €56,488
- Depreciation +€4,732
up €4,732 (+11.1%), from €42,782 to €47,514
- Financial income +€3,474
up €3,474 (+114%), from €3,047 to €6,520
of which Financial income: +€5,959
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 | €1,050,954 | €1,083,053 | +€32,099 | +3.1% |
| Fixed assets | 21/28 | €624,132 | €619,760 | -€4,372 | -0.7% |
| Tangible fixed assets | 22/27 | €612,007 | €619,635 | +€7,628 | +1.2% |
| Land and buildings | 22 | €385,404 | €380,702 | -€4,702 | -1.2% |
| Plant, machinery and equipment | 23 | €1,212 | €430 | -€782 | -64.5% |
| Furniture and vehicles | 24 | €28,689 | €40,120 | +€11,430 | +39.8% |
| Other tangible fixed assets | 26 | €196,702 | €198,383 | +€1,681 | +0.9% |
| Financial fixed assets | 28 | €12,125 | €125 | -€12,000 | -99.0% |
| Current assets | 29/58 | €426,822 | €463,293 | +€36,471 | +8.5% |
| Stocks and contracts in progress | 3 | €110,618 | €75,501 | -€35,118 | -31.7% |
| Stocks | 30/36 | €110,618 | €75,501 | -€35,118 | -31.7% |
| Amounts receivable within one year | 40/41 | €289,490 | €288,155 | -€1,335 | -0.5% |
| Trade receivables | 40 | €202,283 | €271,486 | +€69,203 | +34.2% |
| Other amounts receivable | 41 | €87,207 | €16,669 | -€70,538 | -80.9% |
| Current investments | 50/53 | €1,345 | €1,345 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,686 | €95,678 | +€71,992 | +304% |
| Deferred charges and accrued income | 490/1 | €1,682 | €2,614 | +€932 | +55.4% |
| Total equity and liabilities | 10/49 | €1,050,954 | €1,083,053 | +€32,099 | +3.1% |
| Equity | 10/15 | €801,848 | €769,761 | -€32,087 | -4.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €783,298 | €751,211 | -€32,087 | -4.1% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €781,443 | €751,211 | -€30,232 | -3.9% |
| Provisions and deferred taxes | 16 | €13,000 | €13,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,000 | €13,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable | 17/49 | €236,106 | €300,292 | +€64,186 | +27.2% |
| Amounts payable after more than one year | 17 | €161,474 | €119,977 | -€41,497 | -25.7% |
| Financial debts | 170/4 | €161,474 | €119,977 | -€41,497 | -25.7% |
| Amounts payable within one year | 42/48 | €73,808 | €179,490 | +€105,682 | +143% |
| Current portion of amounts payable after more than one year | 42 | €40,076 | €41,336 | +€1,260 | +3.1% |
| Trade debts | 44 | €28,238 | €53,944 | +€25,706 | +91.0% |
| Suppliers | 440/4 | €28,238 | €53,944 | +€25,706 | +91.0% |
| Taxes, remuneration and social security | 45 | €5,493 | €19,151 | +€13,657 | +249% |
| Taxes | 450/3 | - | €18,957 | +€18,957 | |
| Remuneration and social security | 454/9 | €5,493 | €194 | -€5,300 | -96.5% |
| Other amounts payable | 47/48 | - | €65,059 | +€65,059 | |
| Accrued charges and deferred income | 492/3 | €824 | €825 | +€1 | +0.2% |
| Remuneration, social security and pensions | 62 | €43,636 | €45,257 | +€1,621 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,782 | €47,514 | +€4,732 | +11.1% |
| Other operating charges | 640/8 | €8,062 | €8,224 | +€163 | +2.0% |
| Gross operating margin | 9900 | €250,123 | €292,570 | +€42,447 | +17.0% |
| Operating profit (loss) | 9901 | €155,644 | €191,575 | +€35,931 | +23.1% |
| Financial income | 75/76B | €3,047 | €6,520 | +€3,474 | +114% |
| Recurring financial income | 75 | €561 | €6,520 | +€5,959 | +1,062% |
| Non-recurring financial income | 76B | €2,485 | - | -€2,485 | |
| Financial charges | 65/66B | €21,251 | €19,995 | -€1,257 | -5.9% |
| Recurring financial charges | 65 | €20,590 | €19,995 | -€595 | -2.9% |
| Non-recurring financial charges | 66B | €662 | - | -€662 | |
| Profit (loss) for the period before taxes | 9903 | €137,439 | €178,101 | +€40,662 | +29.6% |
| Income taxes | 67/77 | €43,352 | €56,488 | +€13,136 | +30.3% |
| Profit (loss) for the period | 9904 | €94,087 | €121,613 | +€27,526 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,087 | €121,613 | +€27,526 | +29.3% |
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 23 October 2026 via checked.be.