FINANCE, GESTION, COMPTABILITE: 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.
FINANCE, GESTION, COMPTABILITE
Largest movements
- Cash +€22,981
up €22,981 (+26.3%), from €87,304 to €110,285
mainly Net result for the year (+€40,469) and Other debts (+€20,500)
- Receivables within one year +€5,900
up €5,900 (+6.3%), from €94,040 to €99,940
of which Other amounts receivable: +€4,319
- Tangible fixed assets -€4,694
down €4,694 (-55.1%), from €8,517 to €3,823
- Other debts +€20,500
up €20,500 (+58.6%), from €35,000 to €55,500
- Profit (loss) carried forward +€20,469
up €20,469 (+26.2%), from €78,267 to €98,736
- Tax, wage and social debts -€12,635
down €12,635 (-26.6%), from €47,569 to €34,933
- Trade debts -€7,782
down €7,782 (-49.8%), from €15,625 to €7,844
- Short-term financial debts +€4,029
up €4,029 (+23.6%), from €17,058 to €21,087
- Write-downs +€6,658
new in 2025: €6,658
- Other operating charges -€6,129
down €6,129 (-57.5%), from €10,650 to €4,521
- Gross operating margin +€4,126
up €4,126 (+6.1%), from €68,112 to €72,238
- Depreciation +€4,117
up €4,117 (+713%), from €577 to €4,694
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 | €222,679 | €246,865 | +€24,186 | +10.9% |
| Fixed assets | 21/28 | €8,535 | €3,841 | -€4,694 | -55.0% |
| Tangible fixed assets | 22/27 | €8,517 | €3,823 | -€4,694 | -55.1% |
| Furniture and vehicles | 24 | €8,517 | €3,823 | -€4,694 | -55.1% |
| Financial fixed assets | 28 | €18 | €18 | = | 0.0% |
| Current assets | 29/58 | €214,144 | €243,024 | +€28,880 | +13.5% |
| Amounts receivable within one year | 40/41 | €94,040 | €99,940 | +€5,900 | +6.3% |
| Trade receivables | 40 | €13,613 | €15,193 | +€1,581 | +11.6% |
| Other amounts receivable | 41 | €80,427 | €84,746 | +€4,319 | +5.4% |
| Current investments | 50/53 | €32,800 | €32,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,304 | €110,285 | +€22,981 | +26.3% |
| Total equity and liabilities | 10/49 | €222,679 | €246,865 | +€24,186 | +10.9% |
| Equity | 10/15 | €95,901 | €116,370 | +€20,469 | +21.3% |
| Contributions | 10/11 | €5,859 | €5,859 | = | 0.0% |
| Reserves | 13 | €11,775 | €11,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,267 | €98,736 | +€20,469 | +26.2% |
| Amounts payable | 17/49 | €126,778 | €130,495 | +€3,717 | +2.9% |
| Amounts payable within one year | 42/48 | €126,778 | €130,164 | +€3,386 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €11,526 | €10,800 | -€727 | -6.3% |
| Financial debts | 43 | €17,058 | €21,087 | +€4,029 | +23.6% |
| Credit institutions | 430/8 | €17,058 | €21,087 | +€4,029 | +23.6% |
| Trade debts | 44 | €15,625 | €7,844 | -€7,782 | -49.8% |
| Suppliers | 440/4 | €15,625 | €7,844 | -€7,782 | -49.8% |
| Taxes, remuneration and social security | 45 | €47,569 | €34,933 | -€12,635 | -26.6% |
| Taxes | 450/3 | €47,569 | €34,933 | -€12,635 | -26.6% |
| Other amounts payable | 47/48 | €35,000 | €55,500 | +€20,500 | +58.6% |
| Accrued charges and deferred income | 492/3 | - | €331 | +€331 | |
| Remuneration, social security and pensions | 62 | €1,497 | €1,796 | +€299 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577 | €4,694 | +€4,117 | +713% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,658 | +€6,658 | |
| Other operating charges | 640/8 | €10,650 | €4,521 | -€6,129 | -57.5% |
| Gross operating margin | 9900 | €68,112 | €72,238 | +€4,126 | +6.1% |
| Operating profit (loss) | 9901 | €55,388 | €54,569 | -€820 | -1.5% |
| Financial income | 75/76B | €5 | €16 | +€11 | +204% |
| Recurring financial income | 75 | €5 | €16 | +€11 | +204% |
| Financial charges | 65/66B | €5,494 | €4,842 | -€653 | -11.9% |
| Recurring financial charges | 65 | €5,494 | €4,842 | -€653 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €49,899 | €49,743 | -€157 | -0.3% |
| Income taxes | 67/77 | €9,525 | €9,273 | -€252 | -2.6% |
| Profit (loss) for the period | 9904 | €40,374 | €40,469 | +€95 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,374 | €40,469 | +€95 | +0.2% |
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 14 October 2026 via checked.be.