FILTRATION: 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.
FILTRATION
Largest movements
- Current investments +€998,000
up €998,000 (+49900.0%), from €2,000 to €1.0m
- Cash -€421,555
down €421,555 (-51.8%), from €813,675 to €392,120
mainly Current investments (-€998,000) and Receivables within one year (-€110,810)
- Receivables within one year +€110,810
up €110,810 (+13.3%), from €830,840 to €941,650
of which Trade receivables: +€127,277
- Deferred charges and accrued income +€84,827
up €84,827 (+937.5%), from €9,049 to €93,876
- Stocks and contracts +€44,135
up €44,135 (+14.3%), from €307,715 to €351,850
- Reserves +€496,183
up €496,183 (+77.8%), from €637,867 to €1.1m
of which Distributable reserves: +€471,183
- Trade debts +€243,764
up €243,764 (+185.3%), from €131,546 to €375,310
- Tax, wage and social debts +€97,763
up €97,763 (+527.3%), from €18,540 to €116,302
of which Taxes: +€88,916
- Advances received -€35,580
down €35,580 (-100.0%), from €35,580 to €0
- Staff costs +€42,077
up €42,077 (+32.1%), from €131,098 to €173,174
- Gross operating margin -€39,303
down €39,303 (-3.8%), from €1.0m to €988,008
- Write-downs +€25,423
new in 2025: €25,423
- Taxes +€20,007
up €20,007 (+7.0%), from €287,104 to €307,112
- Financial charges +€15,170
up €15,170 (+193.9%), from €7,825 to €22,996
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 | €1,981,099 | €2,789,077 | +€807,977 | +40.8% |
| Fixed assets | 21/28 | €17,821 | €9,581 | -€8,240 | -46.2% |
| Tangible fixed assets | 22/27 | €17,821 | €9,581 | -€8,240 | -46.2% |
| Plant, machinery and equipment | 23 | €6,390 | €2,888 | -€3,503 | -54.8% |
| Furniture and vehicles | 24 | €11,430 | €6,693 | -€4,737 | -41.4% |
| Current assets | 29/58 | €1,963,279 | €2,779,496 | +€816,217 | +41.6% |
| Stocks and contracts in progress | 3 | €307,715 | €351,850 | +€44,135 | +14.3% |
| Stocks | 30/36 | €307,715 | €351,850 | +€44,135 | +14.3% |
| Amounts receivable within one year | 40/41 | €830,840 | €941,650 | +€110,810 | +13.3% |
| Trade receivables | 40 | €746,354 | €873,631 | +€127,277 | +17.1% |
| Other amounts receivable | 41 | €84,485 | €68,018 | -€16,467 | -19.5% |
| Current investments | 50/53 | €2,000 | €1,000,000 | +€998,000 | +49900.0% |
| Cash at bank and in hand | 54/58 | €813,675 | €392,120 | -€421,555 | -51.8% |
| Deferred charges and accrued income | 490/1 | €9,049 | €93,876 | +€84,827 | +937.5% |
| Total equity and liabilities | 10/49 | €1,981,099 | €2,789,077 | +€807,977 | +40.8% |
| Equity | 10/15 | €1,795,430 | €2,291,613 | +€496,183 | +27.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €637,867 | €1,134,050 | +€496,183 | +77.8% |
| Non-distributable reserves | 130/1 | - | €25,000 | +€25,000 | |
| Other | 1319 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | €637,867 | €1,109,050 | +€471,183 | +73.9% |
| Profit (loss) carried forward | 14 | €907,563 | €907,563 | = | 0.0% |
| Amounts payable | 17/49 | €185,669 | €497,464 | +€311,794 | +167.9% |
| Amounts payable within one year | 42/48 | €185,669 | €491,756 | +€306,087 | +164.9% |
| Trade debts | 44 | €131,546 | €375,310 | +€243,764 | +185.3% |
| Suppliers | 440/4 | €131,546 | €375,310 | +€243,764 | +185.3% |
| Advances received on contracts in progress | 46 | €35,580 | €0 | -€35,580 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,540 | €116,302 | +€97,763 | +527.3% |
| Taxes | 450/3 | €1,033 | €89,948 | +€88,916 | +8608.6% |
| Remuneration and social security | 454/9 | €17,507 | €26,354 | +€8,847 | +50.5% |
| Other amounts payable | 47/48 | €4 | €144 | +€139 | +3198.9% |
| Accrued charges and deferred income | 492/3 | - | €5,708 | +€5,708 | |
| Remuneration, social security and pensions | 62 | €131,098 | €173,174 | +€42,077 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,059 | €11,083 | -€6,977 | -38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,423 | +€25,423 | |
| Other operating charges | 640/8 | €2,859 | €4,571 | +€1,713 | +59.9% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | €1,027,311 | €988,008 | -€39,303 | -3.8% |
| Operating profit (loss) | 9901 | €874,995 | €773,756 | -€101,239 | -11.6% |
| Financial income | 75/76B | €39,612 | €52,534 | +€12,922 | +32.6% |
| Recurring financial income | 75 | €39,612 | €52,534 | +€12,922 | +32.6% |
| Financial charges | 65/66B | €7,825 | €22,996 | +€15,170 | +193.9% |
| Recurring financial charges | 65 | €7,825 | €22,996 | +€15,170 | +193.9% |
| Profit (loss) for the period before taxes | 9903 | €906,781 | €803,295 | -€103,487 | -11.4% |
| Income taxes | 67/77 | €287,104 | €307,112 | +€20,007 | +7.0% |
| Profit (loss) for the period | 9904 | €619,677 | €496,183 | -€123,494 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €619,677 | €496,183 | -€123,494 | -19.9% |
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 1 October 2026 via checked.be.