FIRST LEVEL SUPPORT: 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.
FIRST LEVEL SUPPORT
Largest movements
- Receivables within one year +€11,754
up €11,754 (+2.4%), from €490,036 to €501,790
of which Trade receivables: +€11,754
- Profit (loss) carried forward +€30,152
up €30,152 (+18.7%), from -€161,207 to -€131,055
- Debts after one year -€11,543
down €11,543 (-19.9%), from €57,859 to €46,317
- Trade debts -€9,375
down €9,375 (-13.7%), from €68,400 to €59,025
- Gross operating margin +€11,661
up €11,661 (+43.8%), from €26,619 to €38,280
- Financial charges -€3,287
down €3,287 (-30.2%), from €10,895 to €7,608
- Other operating charges -€1,456
down €1,456 (-73.7%), from €1,975 to €520
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 | €517,015 | €532,114 | +€15,099 | +2.9% |
| Current assets | 29/58 | €517,015 | €532,114 | +€15,099 | +2.9% |
| Amounts receivable within one year | 40/41 | €490,036 | €501,790 | +€11,754 | +2.4% |
| Trade receivables | 40 | €146,058 | €157,811 | +€11,754 | +8.0% |
| Other amounts receivable | 41 | €343,978 | €343,978 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,130 | €16,403 | +€3,273 | +24.9% |
| Deferred charges and accrued income | 490/1 | €13,850 | €13,921 | +€71 | +0.5% |
| Total equity and liabilities | 10/49 | €517,015 | €532,114 | +€15,099 | +2.9% |
| Equity | 10/15 | €217,628 | €247,780 | +€30,152 | +13.9% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €3,835 | €3,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,835 | €3,835 | = | 0.0% |
| Legal reserve | 130 | €3,835 | €3,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,207 | -€131,055 | +€30,152 | +18.7% |
| Amounts payable | 17/49 | €299,387 | €284,334 | -€15,053 | -5.0% |
| Amounts payable after more than one year | 17 | €57,859 | €46,317 | -€11,543 | -19.9% |
| Financial debts | 170/4 | €57,859 | €46,317 | -€11,543 | -19.9% |
| Amounts payable within one year | 42/48 | €241,528 | €238,017 | -€3,511 | -1.5% |
| Trade debts | 44 | €68,400 | €59,025 | -€9,375 | -13.7% |
| Suppliers | 440/4 | €68,400 | €59,025 | -€9,375 | -13.7% |
| Taxes, remuneration and social security | 45 | €29,487 | €31,323 | +€1,836 | +6.2% |
| Taxes | 450/3 | €29,012 | €30,848 | +€1,836 | +6.3% |
| Remuneration and social security | 454/9 | €475 | €475 | = | 0.0% |
| Other amounts payable | 47/48 | €143,641 | €147,669 | +€4,028 | +2.8% |
| Other operating charges | 640/8 | €1,975 | €520 | -€1,456 | -73.7% |
| Gross operating margin | 9900 | €26,619 | €38,280 | +€11,661 | +43.8% |
| Operating profit (loss) | 9901 | €24,644 | €37,760 | +€13,116 | +53.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,895 | €7,608 | -€3,287 | -30.2% |
| Recurring financial charges | 65 | €10,895 | €7,608 | -€3,287 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €13,749 | €30,152 | +€16,403 | +119.3% |
| Profit (loss) for the period | 9904 | €13,749 | €30,152 | +€16,403 | +119.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,749 | €30,152 | +€16,403 | +119.3% |
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 9 October 2026 via checked.be.