FORM COLORS: 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.
FORM COLORS
Largest movements
- Receivables within one year +€59,786
up €59,786 (+25.8%), from €231,766 to €291,552
of which Other amounts receivable: +€30,300
- Tangible fixed assets -€23,423
down €23,423 (-9.2%), from €253,780 to €230,357
of which Land and buildings: -€25,306
- Other debts +€51,825
up €51,825 (+11.9%), from €436,729 to €488,554
- Trade debts +€10,735
up €10,735 (+64.5%), from €16,644 to €27,379
- Debts after one year -€10,333
no longer reported in 2025 (was €10,333)
- Current portion of long-term debt -€9,662
down €9,662 (-48.3%), from €19,995 to €10,333
- Profit (loss) carried forward -€8,156
down €8,156 (-11.8%), from -€68,968 to -€77,124
- Gross operating margin +€5,742
up €5,742 (+25.0%), from €22,959 to €28,700
- Financial charges -€4,070
down €4,070 (-48.7%), from €8,359 to €4,290
- Depreciation -€3,434
down €3,434 (-11.4%), from €30,007 to €26,573
- Taxes +€1,486
up €1,486, from -€587 to €899
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 | €528,823 | €565,889 | +€37,066 | +7.0% |
| Fixed assets | 21/28 | €253,780 | €230,357 | -€23,423 | -9.2% |
| Tangible fixed assets | 22/27 | €253,780 | €230,357 | -€23,423 | -9.2% |
| Land and buildings | 22 | €253,061 | €227,755 | -€25,306 | -10.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €719 | €2,602 | +€1,883 | +262% |
| Financial fixed assets | 28 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €275,043 | €335,532 | +€60,489 | +22.0% |
| Stocks and contracts in progress | 3 | €41,403 | €40,344 | -€1,059 | -2.6% |
| Stocks | 30/36 | €41,403 | €40,344 | -€1,059 | -2.6% |
| Amounts receivable within one year | 40/41 | €231,766 | €291,552 | +€59,786 | +25.8% |
| Trade receivables | 40 | €208,566 | €238,052 | +€29,486 | +14.1% |
| Other amounts receivable | 41 | €23,200 | €53,500 | +€30,300 | +131% |
| Cash at bank and in hand | 54/58 | €1,874 | €3,636 | +€1,762 | +94.0% |
| Total equity and liabilities | 10/49 | €528,823 | €565,889 | +€37,066 | +7.0% |
| Equity | 10/15 | €43,630 | €35,475 | -€8,156 | -18.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €50,098 | €50,098 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,937 | €3,937 | = | 0.0% |
| Legal reserve | 130 | €3,937 | €3,937 | = | 0.0% |
| Distributable reserves | 133 | €46,161 | €46,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,968 | -€77,124 | -€8,156 | -11.8% |
| Amounts payable | 17/49 | €485,193 | €530,415 | +€45,222 | +9.3% |
| Amounts payable after more than one year | 17 | €10,333 | - | -€10,333 | |
| Financial debts | 170/4 | €10,333 | - | -€10,333 | |
| Amounts payable within one year | 42/48 | €474,859 | €530,415 | +€55,555 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €19,995 | €10,333 | -€9,662 | -48.3% |
| Trade debts | 44 | €16,644 | €27,379 | +€10,735 | +64.5% |
| Suppliers | 440/4 | €16,644 | €27,379 | +€10,735 | +64.5% |
| Taxes, remuneration and social security | 45 | €1,491 | €4,149 | +€2,658 | +178% |
| Taxes | 450/3 | €1,491 | €4,149 | +€2,658 | +178% |
| Other amounts payable | 47/48 | €436,729 | €488,554 | +€51,825 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,007 | €26,573 | -€3,434 | -11.4% |
| Other operating charges | 640/8 | €5,586 | €5,508 | -€79 | -1.4% |
| Gross operating margin | 9900 | €22,959 | €28,700 | +€5,742 | +25.0% |
| Operating profit (loss) | 9901 | -€12,635 | -€3,380 | +€9,255 | +73.2% |
| Financial income | 75/76B | €563 | €413 | -€150 | -26.6% |
| Recurring financial income | 75 | €563 | €413 | -€150 | -26.6% |
| Financial charges | 65/66B | €8,359 | €4,290 | -€4,070 | -48.7% |
| Recurring financial charges | 65 | €8,359 | €4,290 | -€4,070 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,431 | -€7,257 | +€13,174 | +64.5% |
| Income taxes | 67/77 | -€587 | €899 | +€1,486 | |
| Profit (loss) for the period | 9904 | -€19,844 | -€8,156 | +€11,689 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,844 | -€8,156 | +€11,689 | +58.9% |
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 17 October 2026 via checked.be.