FINANCIAL BUSINESS INTELLIGENCE: 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.
FINANCIAL BUSINESS INTELLIGENCE
Largest movements
- Receivables within one year +€16,533
up €16,533 (+71.4%), from €23,169 to €39,702
- Cash +€5,641
up €5,641 (+62.5%), from €9,031 to €14,673
mainly Tax, wage and social debts (+€27,712) and Net result for the year (+€11,791)
- Tangible fixed assets -€4,848
down €4,848 (-3.4%), from €141,989 to €137,141
- Tax, wage and social debts +€27,712
up €27,712 (+74.9%), from €36,989 to €64,702
of which Remuneration and social security: +€19,705
- Debts after one year -€14,424
down €14,424 (-13.9%), from €103,961 to €89,537
of which Financial debts: -€8,260
- Short-term financial debts +€8,721
new in 2025: €8,721
- Other debts -€4,180
down €4,180 (-26.9%), from €15,521 to €11,341
- Gross operating margin +€20,548
up €20,548 (+104%), from €19,693 to €40,242
- Staff costs +€18,517
new in 2025: €18,517
- Taxes +€470
up €470 (+17.2%), from €2,730 to €3,200
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 | €174,189 | €191,726 | +€17,537 | +10.1% |
| Fixed assets | 21/28 | €141,989 | €137,351 | -€4,638 | -3.3% |
| Tangible fixed assets | 22/27 | €141,989 | €137,141 | -€4,848 | -3.4% |
| Land and buildings | 22 | €141,989 | €137,141 | -€4,848 | -3.4% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €32,200 | €54,375 | +€22,175 | +68.9% |
| Amounts receivable within one year | 40/41 | €23,169 | €39,702 | +€16,533 | +71.4% |
| Trade receivables | 40 | €23,169 | €39,702 | +€16,533 | +71.4% |
| Cash at bank and in hand | 54/58 | €9,031 | €14,673 | +€5,641 | +62.5% |
| Total equity and liabilities | 10/49 | €174,189 | €191,726 | +€17,537 | +10.1% |
| Equity | 10/15 | €9,139 | €9,165 | +€27 | +0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,139 | €6,165 | +€27 | +0.4% |
| Amounts payable | 17/49 | €165,050 | €182,561 | +€17,510 | +10.6% |
| Amounts payable after more than one year | 17 | €103,961 | €89,537 | -€14,424 | -13.9% |
| Financial debts | 170/4 | €91,466 | €83,206 | -€8,260 | -9.0% |
| Other amounts payable | 178/9 | €12,495 | €6,331 | -€6,164 | -49.3% |
| Amounts payable within one year | 42/48 | €61,090 | €93,024 | +€31,934 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €8,155 | €8,260 | +€105 | +1.3% |
| Financial debts | 43 | - | €8,721 | +€8,721 | |
| Credit institutions | 430/8 | - | €8,721 | +€8,721 | |
| Trade debts | 44 | €424 | - | -€424 | |
| Suppliers | 440/4 | €424 | - | -€424 | |
| Taxes, remuneration and social security | 45 | €36,989 | €64,702 | +€27,712 | +74.9% |
| Taxes | 450/3 | €5,009 | €13,016 | +€8,007 | +160% |
| Remuneration and social security | 454/9 | €31,980 | €51,686 | +€19,705 | +61.6% |
| Other amounts payable | 47/48 | €15,521 | €11,341 | -€4,180 | -26.9% |
| Remuneration, social security and pensions | 62 | - | €18,517 | +€18,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,849 | €4,848 | -€1 | 0.0% |
| Other operating charges | 640/8 | €667 | €544 | -€123 | -18.4% |
| Gross operating margin | 9900 | €19,693 | €40,242 | +€20,548 | +104% |
| Operating profit (loss) | 9901 | €14,178 | €16,333 | +€2,154 | +15.2% |
| Financial charges | 65/66B | €1,394 | €1,341 | -€53 | -3.8% |
| Recurring financial charges | 65 | €1,394 | €1,341 | -€53 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €12,785 | €14,991 | +€2,207 | +17.3% |
| Income taxes | 67/77 | €2,730 | €3,200 | +€470 | +17.2% |
| Profit (loss) for the period | 9904 | €10,055 | €11,791 | +€1,737 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,055 | €11,791 | +€1,737 | +17.3% |
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 21 October 2026 via checked.be.