FISCALITY: 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.
FISCALITY
Largest movements
- Cash -€34,057
down €34,057 (-7.5%), from €453,062 to €419,005
mainly Contributions, distributions and other (-€149,000) and Tax, wage and social debts (-€44,404)
- Receivables within one year -€27,341
down €27,341 (-21.7%), from €125,917 to €98,576
of which Trade receivables: -€22,958
- Tangible fixed assets -€11,291
down €11,291 (-23.2%), from €48,693 to €37,402
of which Furniture and vehicles: -€10,452
- Tax, wage and social debts -€44,404
down €44,404 (-42.0%), from €105,626 to €61,222
of which Remuneration and social security: -€51,182
- Reserves -€24,238
down €24,238 (-4.7%), from €516,361 to €492,123
- Turnover +€67,852
up €67,852 (+11.3%), from €601,353 to €669,205
- Gross operating margin +€56,902
up €56,902 (+17.1%), from €332,137 to €389,039
- Staff costs +€19,805
up €19,805 (+11.1%), from €178,672 to €198,477
- Purchases and services +€10,950
up €10,950 (+4.1%), from €269,216 to €280,166
- Taxes +€10,865
up €10,865 (+26.5%), from €41,043 to €51,908
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 | €637,365 | €565,612 | -€71,753 | -11.3% |
| Fixed assets | 21/28 | €48,693 | €37,402 | -€11,291 | -23.2% |
| Tangible fixed assets | 22/27 | €48,693 | €37,402 | -€11,291 | -23.2% |
| Furniture and vehicles | 24 | €43,106 | €32,654 | -€10,452 | -24.2% |
| Other tangible fixed assets | 26 | €5,587 | €4,748 | -€839 | -15.0% |
| Current assets | 29/58 | €588,672 | €528,210 | -€60,462 | -10.3% |
| Amounts receivable within one year | 40/41 | €125,917 | €98,576 | -€27,341 | -21.7% |
| Trade receivables | 40 | €113,584 | €90,626 | -€22,958 | -20.2% |
| Other amounts receivable | 41 | €12,333 | €7,950 | -€4,383 | -35.5% |
| Cash at bank and in hand | 54/58 | €453,062 | €419,005 | -€34,057 | -7.5% |
| Deferred charges and accrued income | 490/1 | €9,693 | €10,629 | +€936 | +9.7% |
| Total equity and liabilities | 10/49 | €637,365 | €565,612 | -€71,753 | -11.3% |
| Equity | 10/15 | €522,561 | €498,323 | -€24,238 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €516,361 | €492,123 | -€24,238 | -4.7% |
| Distributable reserves | 133 | €516,361 | €492,123 | -€24,238 | -4.7% |
| Amounts payable | 17/49 | €114,804 | €67,289 | -€47,515 | -41.4% |
| Amounts payable within one year | 42/48 | €114,804 | €67,289 | -€47,515 | -41.4% |
| Trade debts | 44 | €7,134 | €5,655 | -€1,479 | -20.7% |
| Suppliers | 440/4 | €7,134 | €5,655 | -€1,479 | -20.7% |
| Taxes, remuneration and social security | 45 | €105,626 | €61,222 | -€44,404 | -42.0% |
| Taxes | 450/3 | €22,356 | €29,134 | +€6,778 | +30.3% |
| Remuneration and social security | 454/9 | €83,270 | €32,088 | -€51,182 | -61.5% |
| Other amounts payable | 47/48 | €2,044 | €412 | -€1,632 | -79.8% |
| Turnover | 70 | €601,353 | €669,205 | +€67,852 | +11.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €269,216 | €280,166 | +€10,950 | +4.1% |
| Remuneration, social security and pensions | 62 | €178,672 | €198,477 | +€19,805 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,151 | €12,534 | +€2,383 | +23.5% |
| Other operating charges | 640/8 | €3,242 | €815 | -€2,427 | -74.9% |
| Gross operating margin | 9900 | €332,137 | €389,039 | +€56,902 | +17.1% |
| Operating profit (loss) | 9901 | €140,072 | €177,213 | +€37,141 | +26.5% |
| Financial income | 75/76B | €756 | €974 | +€218 | +28.8% |
| Recurring financial income | 75 | €756 | €974 | +€218 | +28.8% |
| Financial charges | 65/66B | €1,748 | €1,517 | -€231 | -13.2% |
| Recurring financial charges | 65 | €1,748 | €1,517 | -€231 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €139,080 | €176,670 | +€37,590 | +27.0% |
| Income taxes | 67/77 | €41,043 | €51,908 | +€10,865 | +26.5% |
| Profit (loss) for the period | 9904 | €98,037 | €124,762 | +€26,725 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,037 | €124,762 | +€26,725 | +27.3% |
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 27 October 2026 via checked.be.