FOCUS PRINT: 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.
FOCUS PRINT
Largest movements
- Tangible fixed assets +€44,532
up €44,532 (+85.2%), from €52,293 to €96,825
of which Furniture and vehicles: +€50,202
- Receivables within one year -€6,253
down €6,253 (-24.2%), from €25,831 to €19,578
of which Trade receivables: -€3,552
- Stocks and contracts -€4,430
down €4,430 (-49.0%), from €9,036 to €4,606
- Cash +€3,329
up €3,329 (+20.2%), from €16,479 to €19,808
mainly Net result for the year (+€21,302) and Debts after one year (+€18,548)
- Debts after one year +€18,548
up €18,548 (+115.6%), from €16,040 to €34,587
- Reserves +€14,020
up €14,020 (+20.9%), from €67,025 to €81,045
- Profit (loss) carried forward +€7,282
up €7,282, from -€7,282 to €0
- Tax, wage and social debts +€4,708
up €4,708 (+136.9%), from €3,440 to €8,148
of which Taxes: +€4,799
- Trade debts -€4,585
down €4,585 (-61.9%), from €7,411 to €2,826
- Gross operating margin +€23,035
up €23,035 (+83.7%), from €27,514 to €50,549
- Depreciation -€7,450
down €7,450 (-43.0%), from €17,331 to €9,882
- Taxes +€5,669
up €5,669 (+413.8%), from €1,370 to €7,039
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 | €108,234 | €144,674 | +€36,439 | +33.7% |
| Fixed assets | 21/28 | €52,293 | €96,825 | +€44,532 | +85.2% |
| Tangible fixed assets | 22/27 | €52,293 | €96,825 | +€44,532 | +85.2% |
| Land and buildings | 22 | €1,515 | €1,139 | -€376 | -24.8% |
| Plant, machinery and equipment | 23 | €15,993 | €10,699 | -€5,294 | -33.1% |
| Furniture and vehicles | 24 | €34,784 | €84,986 | +€50,202 | +144.3% |
| Current assets | 29/58 | €55,942 | €47,849 | -€8,093 | -14.5% |
| Stocks and contracts in progress | 3 | €9,036 | €4,606 | -€4,430 | -49.0% |
| Stocks | 30/36 | €9,036 | €4,606 | -€4,430 | -49.0% |
| Amounts receivable within one year | 40/41 | €25,831 | €19,578 | -€6,253 | -24.2% |
| Trade receivables | 40 | €23,130 | €19,578 | -€3,552 | -15.4% |
| Other amounts receivable | 41 | €2,701 | €0 | -€2,701 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,479 | €19,808 | +€3,329 | +20.2% |
| Deferred charges and accrued income | 490/1 | €4,596 | €3,857 | -€739 | -16.1% |
| Total equity and liabilities | 10/49 | €108,234 | €144,674 | +€36,439 | +33.7% |
| Equity | 10/15 | €65,943 | €87,245 | +€21,302 | +32.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,025 | €81,045 | +€14,020 | +20.9% |
| Distributable reserves | 133 | €67,025 | €81,045 | +€14,020 | +20.9% |
| Profit (loss) carried forward | 14 | -€7,282 | €0 | +€7,282 | |
| Amounts payable | 17/49 | €42,292 | €57,429 | +€15,137 | +35.8% |
| Amounts payable after more than one year | 17 | €16,040 | €34,587 | +€18,548 | +115.6% |
| Financial debts | 170/4 | €16,040 | €34,587 | +€18,548 | +115.6% |
| Amounts payable within one year | 42/48 | €26,252 | €22,842 | -€3,411 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €12,346 | €11,525 | -€821 | -6.6% |
| Trade debts | 44 | €7,411 | €2,826 | -€4,585 | -61.9% |
| Suppliers | 440/4 | €7,411 | €2,826 | -€4,585 | -61.9% |
| Taxes, remuneration and social security | 45 | €3,440 | €8,148 | +€4,708 | +136.9% |
| Taxes | 450/3 | €449 | €5,248 | +€4,799 | +1069.8% |
| Remuneration and social security | 454/9 | €2,991 | €2,900 | -€91 | -3.0% |
| Other amounts payable | 47/48 | €3,056 | €343 | -€2,713 | -88.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,000 | €10,500 | +€6,500 | +162.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,331 | €9,882 | -€7,450 | -43.0% |
| Other operating charges | 640/8 | €1,529 | €1,254 | -€275 | -18.0% |
| Non-recurring operating charges | 66A | - | €9,899 | +€9,899 | |
| Gross operating margin | 9900 | €27,514 | €50,549 | +€23,035 | +83.7% |
| Operating profit (loss) | 9901 | €8,653 | €29,513 | +€20,860 | +241.1% |
| Financial income | 75/76B | €508 | €589 | +€81 | +16.0% |
| Recurring financial income | 75 | €508 | €589 | +€81 | +16.0% |
| Financial charges | 65/66B | €1,641 | €1,761 | +€120 | +7.3% |
| Recurring financial charges | 65 | €1,641 | €1,761 | +€120 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €7,520 | €28,342 | +€20,821 | +276.9% |
| Income taxes | 67/77 | €1,370 | €7,039 | +€5,669 | +413.8% |
| Profit (loss) for the period | 9904 | €6,150 | €21,302 | +€15,152 | +246.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,150 | €21,302 | +€15,152 | +246.4% |
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.