FLASHJACK: 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.
FLASHJACK
Largest movements
- Tangible fixed assets -€37,317
down €37,317 (-9.5%), from €392,888 to €355,571
of which Land and buildings: -€46,293
- Cash +€36,231
up €36,231 (+37.3%), from €97,040 to €133,270
mainly Trade debts (+€126,087) and Depreciation (+€60,365)
- Receivables within one year +€24,458
up €24,458 (+8.5%), from €287,629 to €312,087
of which Other amounts receivable: +€35,610
- Trade debts +€126,087
up €126,087 (+143.5%), from €87,870 to €213,958
- Tax, wage and social debts -€91,258
down €91,258 (-37.3%), from €244,657 to €153,399
- Debts after one year -€32,083
down €32,083 (-11.9%), from €268,902 to €236,820
- Short-term financial debts +€22,608
up €22,608 (+41.7%), from €54,229 to €76,837
- Other debts -€9,702
down €9,702 (-98.9%), from €9,814 to €112
- Staff costs +€342,565
up €342,565 (+10.7%), from €3.2m to €3.5m
- Gross operating margin +€326,073
up €326,073 (+9.8%), from €3.3m to €3.6m
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 | €887,823 | €903,076 | +€15,253 | +1.7% |
| Fixed assets | 21/28 | €392,888 | €355,571 | -€37,317 | -9.5% |
| Tangible fixed assets | 22/27 | €392,888 | €355,571 | -€37,317 | -9.5% |
| Land and buildings | 22 | €356,410 | €310,116 | -€46,293 | -13.0% |
| Plant, machinery and equipment | 23 | €5,873 | €4,103 | -€1,770 | -30.1% |
| Furniture and vehicles | 24 | €30,606 | €41,352 | +€10,746 | +35.1% |
| Current assets | 29/58 | €494,935 | €547,505 | +€52,570 | +10.6% |
| Amounts receivable after more than one year | 29 | €98,888 | €98,888 | = | 0.0% |
| Other amounts receivable | 291 | €98,888 | €98,888 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €287,629 | €312,087 | +€24,458 | +8.5% |
| Trade receivables | 40 | €164,225 | €153,073 | -€11,152 | -6.8% |
| Other amounts receivable | 41 | €123,404 | €159,014 | +€35,610 | +28.9% |
| Cash at bank and in hand | 54/58 | €97,040 | €133,270 | +€36,231 | +37.3% |
| Deferred charges and accrued income | 490/1 | €11,379 | €3,259 | -€8,119 | -71.4% |
| Total equity and liabilities | 10/49 | €887,823 | €903,076 | +€15,253 | +1.7% |
| Equity | 10/15 | €169,178 | €175,355 | +€6,177 | +3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,670 | €117,847 | +€6,177 | +5.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,810 | €115,987 | +€6,177 | +5.6% |
| Profit (loss) carried forward | 14 | €51,308 | €51,308 | +€0 | 0.0% |
| Amounts payable | 17/49 | €718,645 | €727,721 | +€9,075 | +1.3% |
| Amounts payable after more than one year | 17 | €268,902 | €236,820 | -€32,083 | -11.9% |
| Financial debts | 170/4 | €268,902 | €236,820 | -€32,083 | -11.9% |
| Amounts payable within one year | 42/48 | €449,743 | €490,901 | +€41,158 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €53,172 | €46,595 | -€6,578 | -12.4% |
| Financial debts | 43 | €54,229 | €76,837 | +€22,608 | +41.7% |
| Credit institutions | 430/8 | €54,229 | €76,837 | +€22,608 | +41.7% |
| Trade debts | 44 | €87,870 | €213,958 | +€126,087 | +143.5% |
| Suppliers | 440/4 | €87,870 | €213,958 | +€126,087 | +143.5% |
| Taxes, remuneration and social security | 45 | €244,657 | €153,399 | -€91,258 | -37.3% |
| Remuneration and social security | 454/9 | €244,657 | €153,399 | -€91,258 | -37.3% |
| Other amounts payable | 47/48 | €9,814 | €112 | -€9,702 | -98.9% |
| Remuneration, social security and pensions | 62 | €3,201,859 | €3,544,424 | +€342,565 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,215 | €60,365 | +€4,150 | +7.4% |
| Other operating charges | 640/8 | €9,885 | €9,661 | -€224 | -2.3% |
| Gross operating margin | 9900 | €3,322,682 | €3,648,755 | +€326,073 | +9.8% |
| Operating profit (loss) | 9901 | €54,722 | €34,305 | -€20,417 | -37.3% |
| Financial income | 75/76B | €5,465 | €7,015 | +€1,550 | +28.4% |
| Recurring financial income | 75 | €5,465 | €7,015 | +€1,550 | +28.4% |
| Financial charges | 65/66B | €20,402 | €17,089 | -€3,312 | -16.2% |
| Recurring financial charges | 65 | €20,402 | €17,089 | -€3,312 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €39,785 | €24,230 | -€15,555 | -39.1% |
| Income taxes | 67/77 | €26,269 | €18,053 | -€8,216 | -31.3% |
| Profit (loss) for the period | 9904 | €13,517 | €6,177 | -€7,339 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,517 | €6,177 | -€7,339 | -54.3% |
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.