FINANCE SOLUTIONS: 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.
FINANCE SOLUTIONS
Largest movements
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Cash +€239,843
up €239,843 (+700.2%), from €34,252 to €274,095
mainly Current investments (+€250,000) and Net result for the year (+€85,968)
- Receivables within one year +€73,440
up €73,440 (+12.0%), from €612,675 to €686,116
of which Trade receivables: +€69,840
- Reserves +€85,135
up €85,135 (+10.6%), from €805,713 to €890,848
- Debts after one year -€34,044
down €34,044 (-100.0%), from €34,044 to €0
- Trade debts +€24,323
up €24,323 (+319.4%), from €7,615 to €31,938
- Current portion of long-term debt -€14,340
down €14,340 (-29.6%), from €48,383 to €34,044
- Gross operating margin -€20,923
down €20,923 (-12.4%), from €168,112 to €147,189
- Financial income +€4,161
up €4,161, from €0 to €4,161
- Other operating charges +€3,573
up €3,573 (+61.6%), from €5,805 to €9,378
- Depreciation +€2,457
up €2,457 (+21.4%), from €11,465 to €13,922
- Financial charges -€2,250
down €2,250 (-38.3%), from €5,872 to €3,621
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 | €948,453 | €1,005,204 | +€56,751 | +6.0% |
| Fixed assets | 21/28 | €48,065 | €41,697 | -€6,368 | -13.2% |
| Tangible fixed assets | 22/27 | €48,065 | €41,697 | -€6,368 | -13.2% |
| Land and buildings | 22 | €40,528 | €30,199 | -€10,329 | -25.5% |
| Furniture and vehicles | 24 | €7,537 | €9,417 | +€1,879 | +24.9% |
| Other tangible fixed assets | 26 | - | €2,082 | +€2,082 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €900,388 | €963,507 | +€63,119 | +7.0% |
| Amounts receivable within one year | 40/41 | €612,675 | €686,116 | +€73,440 | +12.0% |
| Trade receivables | 40 | €0 | €69,840 | +€69,840 | |
| Other amounts receivable | 41 | €612,675 | €616,276 | +€3,600 | +0.6% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,252 | €274,095 | +€239,843 | +700.2% |
| Deferred charges and accrued income | 490/1 | €3,461 | €3,296 | -€164 | -4.8% |
| Total equity and liabilities | 10/49 | €948,453 | €1,005,204 | +€56,751 | +6.0% |
| Equity | 10/15 | €824,313 | €909,448 | +€85,135 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €805,713 | €890,848 | +€85,135 | +10.6% |
| Distributable reserves | 133 | €805,713 | €890,848 | +€85,135 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,140 | €95,756 | -€28,384 | -22.9% |
| Amounts payable after more than one year | 17 | €34,044 | €0 | -€34,044 | -100.0% |
| Financial debts | 170/4 | €34,044 | €0 | -€34,044 | -100.0% |
| Amounts payable within one year | 42/48 | €90,096 | €94,758 | +€4,661 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €48,383 | €34,044 | -€14,340 | -29.6% |
| Financial debts | 43 | €18,081 | €17,674 | -€408 | -2.3% |
| Credit institutions | 430/8 | €18,081 | €17,674 | -€408 | -2.3% |
| Trade debts | 44 | €7,615 | €31,938 | +€24,323 | +319.4% |
| Suppliers | 440/4 | €7,615 | €31,938 | +€24,323 | +319.4% |
| Taxes, remuneration and social security | 45 | €6,857 | €9,210 | +€2,352 | +34.3% |
| Taxes | 450/3 | €6,857 | €9,210 | +€2,352 | +34.3% |
| Other amounts payable | 47/48 | €9,159 | €1,893 | -€7,266 | -79.3% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Non-recurring operating income | 76A | €23,652 | €0 | -€23,652 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,465 | €13,922 | +€2,457 | +21.4% |
| Other operating charges | 640/8 | €5,805 | €9,378 | +€3,573 | +61.6% |
| Gross operating margin | 9900 | €168,112 | €147,189 | -€20,923 | -12.4% |
| Operating profit (loss) | 9901 | €150,842 | €123,890 | -€26,953 | -17.9% |
| Financial income | 75/76B | €0 | €4,161 | +€4,161 | |
| Recurring financial income | 75 | €0 | €4,161 | +€4,161 | |
| Financial charges | 65/66B | €5,872 | €3,621 | -€2,250 | -38.3% |
| Recurring financial charges | 65 | €5,872 | €3,621 | -€2,250 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €144,971 | €124,429 | -€20,542 | -14.2% |
| Income taxes | 67/77 | €38,194 | €38,461 | +€267 | +0.7% |
| Profit (loss) for the period | 9904 | €106,777 | €85,968 | -€20,809 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,777 | €85,968 | -€20,809 | -19.5% |
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 5 October 2026 via checked.be.