FORM INTERIEUR: 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 INTERIEUR
Largest movements
- Receivables within one year -€25,727
down €25,727 (-64.0%), from €40,167 to €14,441
of which Trade receivables: -€14,262
- Stocks and contracts +€7,891
up €7,891 (+14.9%), from €52,784 to €60,675
of which Contracts in progress: +€8,161
- Tangible fixed assets -€5,910
down €5,910 (-31.6%), from €18,715 to €12,804
of which Plant, machinery and equipment: -€4,952
- Reserves +€15,666
up €15,666 (+27.9%), from €56,136 to €71,802
- Trade debts -€11,480
down €11,480 (-55.6%), from €20,643 to €9,162
- Short-term financial debts -€10,407
down €10,407 (-100.0%), from €10,407 to €0
- Tax, wage and social debts -€9,694
down €9,694 (-67.8%), from €14,304 to €4,610
of which Taxes: -€6,919
- Current portion of long-term debt -€7,780
down €7,780 (-100.0%), from €7,780 to €0
- Gross operating margin +€51,009
up €51,009, from -€2,305 to €48,704
- Depreciation -€4,507
down €4,507 (-46.9%), from €9,612 to €5,105
- Staff costs +€2,083
up €2,083 (+11.6%), from €17,972 to €20,055
- Taxes +€1,545
up €1,545 (+1064.1%), from €145 to €1,690
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 | €115,566 | €92,343 | -€23,224 | -20.1% |
| Fixed assets | 21/28 | €22,615 | €16,704 | -€5,910 | -26.1% |
| Tangible fixed assets | 22/27 | €18,715 | €12,804 | -€5,910 | -31.6% |
| Plant, machinery and equipment | 23 | €17,756 | €12,804 | -€4,952 | -27.9% |
| Furniture and vehicles | 24 | €958 | €0 | -€958 | -100.0% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €92,952 | €75,638 | -€17,314 | -18.6% |
| Stocks and contracts in progress | 3 | €52,784 | €60,675 | +€7,891 | +14.9% |
| Stocks | 30/36 | €23,284 | €23,014 | -€271 | -1.2% |
| Contracts in progress | 37 | €29,500 | €37,661 | +€8,161 | +27.7% |
| Amounts receivable within one year | 40/41 | €40,167 | €14,441 | -€25,727 | -64.0% |
| Trade receivables | 40 | €28,386 | €14,125 | -€14,262 | -50.2% |
| Other amounts receivable | 41 | €11,781 | €316 | -€11,465 | -97.3% |
| Cash at bank and in hand | 54/58 | €0 | €304 | +€304 | |
| Deferred charges and accrued income | 490/1 | €0 | €219 | +€219 | |
| Total equity and liabilities | 10/49 | €115,566 | €92,343 | -€23,224 | -20.1% |
| Equity | 10/15 | €58,810 | €78,002 | +€19,193 | +32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,136 | €71,802 | +€15,666 | +27.9% |
| Distributable reserves | 133 | €56,136 | €71,802 | +€15,666 | +27.9% |
| Profit (loss) carried forward | 14 | -€3,527 | €0 | +€3,527 | |
| Amounts payable | 17/49 | €56,757 | €14,340 | -€42,416 | -74.7% |
| Amounts payable after more than one year | 17 | €3,465 | €0 | -€3,465 | -100.0% |
| Financial debts | 170/4 | €3,465 | €0 | -€3,465 | -100.0% |
| Amounts payable within one year | 42/48 | €53,291 | €14,340 | -€38,951 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | €7,780 | €0 | -€7,780 | -100.0% |
| Financial debts | 43 | €10,407 | €0 | -€10,407 | -100.0% |
| Credit institutions | 430/8 | €10,407 | €0 | -€10,407 | -100.0% |
| Trade debts | 44 | €20,643 | €9,162 | -€11,480 | -55.6% |
| Suppliers | 440/4 | €20,643 | €9,162 | -€11,480 | -55.6% |
| Taxes, remuneration and social security | 45 | €14,304 | €4,610 | -€9,694 | -67.8% |
| Taxes | 450/3 | €8,755 | €1,835 | -€6,919 | -79.0% |
| Remuneration and social security | 454/9 | €5,549 | €2,775 | -€2,774 | -50.0% |
| Other amounts payable | 47/48 | €157 | €568 | +€411 | +261.2% |
| Remuneration, social security and pensions | 62 | €17,972 | €20,055 | +€2,083 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,612 | €5,105 | -€4,507 | -46.9% |
| Other operating charges | 640/8 | €1,796 | €1,465 | -€331 | -18.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,305 | €48,704 | +€51,009 | |
| Operating profit (loss) | 9901 | -€31,685 | €22,079 | +€53,764 | |
| Financial income | 75/76B | €90 | €0 | -€90 | -99.7% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -99.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,560 | €1,197 | -€363 | -23.3% |
| Recurring financial charges | 65 | €1,560 | €1,197 | -€363 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,155 | €20,883 | +€54,038 | |
| Income taxes | 67/77 | €145 | €1,690 | +€1,545 | +1064.1% |
| Profit (loss) for the period | 9904 | -€33,300 | €19,193 | +€52,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,300 | €19,193 | +€52,493 |
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 12 October 2026 via checked.be.