FOOTLINE: 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.
FOOTLINE
Largest movements
- Stocks and contracts +€87,696
up €87,696 (+42.6%), from €205,757 to €293,453
- Deferred charges and accrued income +€13,430
up €13,430 (+214%), from €6,263 to €19,693
- Tangible fixed assets -€8,631
down €8,631 (-3.9%), from €220,417 to €211,787
of which Land and buildings: -€17,397
- Current portion of long-term debt +€81,108
up €81,108 (+182%), from €44,672 to €125,780
- Debts after one year -€32,810
down €32,810 (-11.0%), from €297,835 to €265,025
- Profit (loss) carried forward +€25,834
up €25,834 (+17.1%), from €151,097 to €176,931
- Other debts +€21,063
new in 2025: €21,063
- Tax, wage and social debts +€10,955
up €10,955 (+65.4%), from €16,752 to €27,708
- Gross operating margin +€105,914
up €105,914 (+48.8%), from €217,234 to €323,147
- Staff costs +€99,533
up €99,533 (+78.6%), from €126,618 to €226,150
- Depreciation +€13,580
up €13,580 (+39.8%), from €34,140 to €47,719
- Financial charges +€7,760
up €7,760 (+269%), from €2,886 to €10,646
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 | €614,990 | €712,882 | +€97,892 | +15.9% |
| Fixed assets | 21/28 | €220,417 | €211,787 | -€8,631 | -3.9% |
| Tangible fixed assets | 22/27 | €220,417 | €211,787 | -€8,631 | -3.9% |
| Land and buildings | 22 | €127,780 | €110,383 | -€17,397 | -13.6% |
| Plant, machinery and equipment | 23 | €10,095 | €8,423 | -€1,672 | -16.6% |
| Furniture and vehicles | 24 | €3,320 | €5,604 | +€2,284 | +68.8% |
| Leasing and similar rights | 25 | €79,223 | €87,377 | +€8,154 | +10.3% |
| Current assets | 29/58 | €394,573 | €501,095 | +€106,522 | +27.0% |
| Stocks and contracts in progress | 3 | €205,757 | €293,453 | +€87,696 | +42.6% |
| Stocks | 30/36 | €205,757 | €293,453 | +€87,696 | +42.6% |
| Amounts receivable within one year | 40/41 | €132,989 | €136,491 | +€3,502 | +2.6% |
| Trade receivables | 40 | €96,557 | €117,453 | +€20,896 | +21.6% |
| Other amounts receivable | 41 | €36,432 | €19,038 | -€17,394 | -47.7% |
| Cash at bank and in hand | 54/58 | €49,564 | €51,459 | +€1,895 | +3.8% |
| Deferred charges and accrued income | 490/1 | €6,263 | €19,693 | +€13,430 | +214% |
| Total equity and liabilities | 10/49 | €614,990 | €712,882 | +€97,892 | +15.9% |
| Equity | 10/15 | €171,557 | €197,391 | +€25,834 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,097 | €176,931 | +€25,834 | +17.1% |
| Amounts payable | 17/49 | €443,433 | €515,491 | +€72,057 | +16.2% |
| Amounts payable after more than one year | 17 | €297,835 | €265,025 | -€32,810 | -11.0% |
| Financial debts | 170/4 | €297,835 | €265,025 | -€32,810 | -11.0% |
| Amounts payable within one year | 42/48 | €139,020 | €243,887 | +€104,867 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | €44,672 | €125,780 | +€81,108 | +182% |
| Trade debts | 44 | €77,595 | €69,337 | -€8,258 | -10.6% |
| Suppliers | 440/4 | €77,595 | €69,337 | -€8,258 | -10.6% |
| Taxes, remuneration and social security | 45 | €16,752 | €27,708 | +€10,955 | +65.4% |
| Remuneration and social security | 454/9 | €16,752 | €27,708 | +€10,955 | +65.4% |
| Other amounts payable | 47/48 | - | €21,063 | +€21,063 | |
| Accrued charges and deferred income | 492/3 | €6,578 | €6,578 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €126,618 | €226,150 | +€99,533 | +78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,140 | €47,719 | +€13,580 | +39.8% |
| Other operating charges | 640/8 | €2,086 | €2,500 | +€414 | +19.9% |
| Gross operating margin | 9900 | €217,234 | €323,147 | +€105,914 | +48.8% |
| Operating profit (loss) | 9901 | €54,390 | €46,777 | -€7,613 | -14.0% |
| Financial income | 75/76B | €926 | €729 | -€197 | -21.3% |
| Recurring financial income | 75 | €926 | €729 | -€197 | -21.3% |
| Financial charges | 65/66B | €2,886 | €10,646 | +€7,760 | +269% |
| Recurring financial charges | 65 | €2,886 | €10,646 | +€7,760 | +269% |
| Profit (loss) for the period before taxes | 9903 | €52,431 | €36,861 | -€15,570 | -29.7% |
| Income taxes | 67/77 | €13,948 | €11,027 | -€2,921 | -20.9% |
| Profit (loss) for the period | 9904 | €38,483 | €25,834 | -€12,648 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,483 | €25,834 | -€12,648 | -32.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.