FILTER - TECHNICS: 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.
FILTER - TECHNICS
Largest movements
- Receivables after one year +€357,057
new in 2025: €357,057
- Receivables within one year -€245,484
down €245,484 (-18.4%), from €1.3m to €1.1m
of which Other amounts receivable: -€360,876
- Cash +€32,411
up €32,411 (+4.8%), from €674,114 to €706,525
mainly Receivables within one year (+€245,484) and Net result for the year (+€199,824)
- Tangible fixed assets -€27,412
down €27,412 (-13.9%), from €197,879 to €170,467
of which Other tangible fixed assets: -€36,952
- Reserves -€132,071
down €132,071 (-11.1%), from €1.2m to €1.1m
of which Distributable reserves: -€132,071
- Other debts +€107,963
up €107,963 (+48.2%), from €223,932 to €331,895
- Current portion of long-term debt +€89,153
up €89,153 (+54.6%), from €163,226 to €252,379
- Trade debts +€39,803
up €39,803 (+8.9%), from €447,374 to €487,177
- Gross operating margin -€62,732
down €62,732 (-4.3%), from €1.4m to €1.4m
- Staff costs +€38,419
up €38,419 (+4.4%), from €872,940 to €911,359
- Financial income -€30,697
down €30,697 (-48.1%), from €63,754 to €33,057
- Depreciation +€28,233
up €28,233 (+61.9%), from €45,600 to €73,833
- Write-downs -€19,455
no longer reported in 2025 (was €19,455)
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 | €2,590,224 | €2,709,192 | +€118,968 | +4.6% |
| Fixed assets | 21/28 | €198,118 | €170,706 | -€27,412 | -13.8% |
| Tangible fixed assets | 22/27 | €197,879 | €170,467 | -€27,412 | -13.9% |
| Plant, machinery and equipment | 23 | €10,646 | €286 | -€10,361 | -97.3% |
| Furniture and vehicles | 24 | €79,097 | €87,770 | +€8,673 | +11.0% |
| Leasing and similar rights | 25 | - | €11,227 | +€11,227 | |
| Other tangible fixed assets | 26 | €108,136 | €71,184 | -€36,952 | -34.2% |
| Financial fixed assets | 28 | €239 | €239 | = | 0.0% |
| Current assets | 29/58 | €2,392,106 | €2,538,486 | +€146,380 | +6.1% |
| Amounts receivable after more than one year | 29 | - | €357,057 | +€357,057 | |
| Other amounts receivable | 291 | - | €357,057 | +€357,057 | |
| Stocks and contracts in progress | 3 | €375,804 | €383,616 | +€7,812 | +2.1% |
| Stocks | 30/36 | €375,804 | €383,616 | +€7,812 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,336,773 | €1,091,288 | -€245,484 | -18.4% |
| Trade receivables | 40 | €975,455 | €1,090,847 | +€115,392 | +11.8% |
| Other amounts receivable | 41 | €361,317 | €441 | -€360,876 | -99.9% |
| Cash at bank and in hand | 54/58 | €674,114 | €706,525 | +€32,411 | +4.8% |
| Deferred charges and accrued income | 490/1 | €5,415 | - | -€5,415 | |
| Total equity and liabilities | 10/49 | €2,590,224 | €2,709,192 | +€118,968 | +4.6% |
| Equity | 10/15 | €1,600,854 | €1,468,783 | -€132,071 | -8.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,194,325 | €1,062,254 | -€132,071 | -11.1% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,605 | €2,605 | = | 0.0% |
| Distributable reserves | 133 | €1,161,719 | €1,029,649 | -€132,071 | -11.4% |
| Profit (loss) carried forward | 14 | €256,529 | €256,529 | = | 0.0% |
| Amounts payable | 17/49 | €989,370 | €1,240,409 | +€251,039 | +25.4% |
| Amounts payable within one year | 42/48 | €987,370 | €1,237,859 | +€250,489 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €163,226 | €252,379 | +€89,153 | +54.6% |
| Trade debts | 44 | €447,374 | €487,177 | +€39,803 | +8.9% |
| Suppliers | 440/4 | €447,374 | €487,177 | +€39,803 | +8.9% |
| Taxes, remuneration and social security | 45 | €152,838 | €166,409 | +€13,571 | +8.9% |
| Taxes | 450/3 | €70,915 | €91,014 | +€20,099 | +28.3% |
| Remuneration and social security | 454/9 | €81,923 | €75,395 | -€6,528 | -8.0% |
| Other amounts payable | 47/48 | €223,932 | €331,895 | +€107,963 | +48.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,549 | +€549 | +27.5% |
| Non-recurring operating income | 76A | €9,844 | - | -€9,844 | |
| Remuneration, social security and pensions | 62 | €872,940 | €911,359 | +€38,419 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,600 | €73,833 | +€28,233 | +61.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,455 | - | -€19,455 | |
| Other operating charges | 640/8 | €17,919 | €13,565 | -€4,354 | -24.3% |
| Gross operating margin | 9900 | €1,446,278 | €1,383,546 | -€62,732 | -4.3% |
| Operating profit (loss) | 9901 | €490,363 | €384,790 | -€105,574 | -21.5% |
| Financial income | 75/76B | €63,754 | €33,057 | -€30,697 | -48.1% |
| Recurring financial income | 75 | €63,754 | €33,057 | -€30,697 | -48.1% |
| Financial charges | 65/66B | €47,527 | €60,926 | +€13,399 | +28.2% |
| Recurring financial charges | 65 | €47,527 | €60,926 | +€13,399 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €506,590 | €356,920 | -€149,670 | -29.5% |
| Income taxes | 67/77 | €171,633 | €157,096 | -€14,536 | -8.5% |
| Profit (loss) for the period | 9904 | €334,958 | €199,824 | -€135,133 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €334,958 | €199,824 | -€135,133 | -40.3% |
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.