FOTO VIDEO BERT: 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.
FOTO VIDEO BERT
Largest movements
- Stocks and contracts -€27,654
down €27,654 (-39.2%), from €70,599 to €42,945
- Tangible fixed assets -€10,149
down €10,149 (-75.7%), from €13,414 to €3,265
of which Leasing and similar rights: -€6,422
- Receivables within one year +€7,794
up €7,794 (+39.0%), from €19,986 to €27,780
- Trade debts -€24,373
down €24,373 (-77.0%), from €31,657 to €7,284
- Short-term financial debts +€9,197
up €9,197 (+61.0%), from €15,067 to €24,263
- Tax, wage and social debts -€7,574
down €7,574 (-38.1%), from €19,901 to €12,327
of which Remuneration and social security: -€6,504
- Reserves -€4,799
down €4,799 (-11.9%), from €40,188 to €35,389
of which Distributable reserves: -€4,799
- Current portion of long-term debt -€2,689
no longer reported in 2025 (was €2,689)
- Gross operating margin +€16,907
up €16,907 (+40.3%), from €41,939 to €58,846
- Staff costs -€13,552
down €13,552 (-22.7%), from €59,792 to €46,240
- Financial income +€4,455
up €4,455 (+443%), from €1,007 to €5,462
- Financial charges +€2,770
up €2,770 (+49.8%), from €5,561 to €8,331
- Other operating charges +€895
up €895 (+45.7%), from €1,960 to €2,855
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 | €119,349 | €89,736 | -€29,613 | -24.8% |
| Fixed assets | 21/28 | €22,505 | €12,356 | -€10,149 | -45.1% |
| Tangible fixed assets | 22/27 | €13,414 | €3,265 | -€10,149 | -75.7% |
| Furniture and vehicles | 24 | - | €1,048 | +€1,048 | |
| Leasing and similar rights | 25 | €8,639 | €2,217 | -€6,422 | -74.3% |
| Other tangible fixed assets | 26 | €4,774 | - | -€4,774 | |
| Financial fixed assets | 28 | €9,091 | €9,091 | = | 0.0% |
| Current assets | 29/58 | €96,844 | €77,380 | -€19,464 | -20.1% |
| Stocks and contracts in progress | 3 | €70,599 | €42,945 | -€27,654 | -39.2% |
| Stocks | 30/36 | €70,599 | €42,945 | -€27,654 | -39.2% |
| Amounts receivable within one year | 40/41 | €19,986 | €27,780 | +€7,794 | +39.0% |
| Trade receivables | 40 | €19,986 | €27,780 | +€7,794 | +39.0% |
| Cash at bank and in hand | 54/58 | €6,259 | €6,655 | +€396 | +6.3% |
| Total equity and liabilities | 10/49 | €119,349 | €89,736 | -€29,613 | -24.8% |
| Equity | 10/15 | €46,398 | €41,599 | -€4,799 | -10.3% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | €40,188 | €35,389 | -€4,799 | -11.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €21,438 | €16,639 | -€4,799 | -22.4% |
| Amounts payable | 17/49 | €72,952 | €48,138 | -€24,814 | -34.0% |
| Amounts payable within one year | 42/48 | €72,952 | €48,138 | -€24,814 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €2,689 | - | -€2,689 | |
| Financial debts | 43 | €15,067 | €24,263 | +€9,197 | +61.0% |
| Credit institutions | 430/8 | €15,067 | €24,263 | +€9,197 | +61.0% |
| Trade debts | 44 | €31,657 | €7,284 | -€24,373 | -77.0% |
| Suppliers | 440/4 | €31,657 | €7,284 | -€24,373 | -77.0% |
| Taxes, remuneration and social security | 45 | €19,901 | €12,327 | -€7,574 | -38.1% |
| Taxes | 450/3 | €2,985 | €1,915 | -€1,070 | -35.8% |
| Remuneration and social security | 454/9 | €16,916 | €10,412 | -€6,504 | -38.5% |
| Other amounts payable | 47/48 | €3,638 | €4,264 | +€625 | +17.2% |
| Remuneration, social security and pensions | 62 | €59,792 | €46,240 | -€13,552 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,197 | €11,487 | +€290 | +2.6% |
| Other operating charges | 640/8 | €1,960 | €2,855 | +€895 | +45.7% |
| Gross operating margin | 9900 | €41,939 | €58,846 | +€16,907 | +40.3% |
| Operating profit (loss) | 9901 | -€31,009 | -€1,736 | +€29,274 | +94.4% |
| Financial income | 75/76B | €1,007 | €5,462 | +€4,455 | +443% |
| Recurring financial income | 75 | €1,007 | €5,462 | +€4,455 | +443% |
| Financial charges | 65/66B | €5,561 | €8,331 | +€2,770 | +49.8% |
| Recurring financial charges | 65 | €5,561 | €8,331 | +€2,770 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,564 | -€4,604 | +€30,959 | +87.1% |
| Income taxes | 67/77 | €199 | €195 | -€4 | -1.8% |
| Profit (loss) for the period | 9904 | -€35,762 | -€4,799 | +€30,963 | +86.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,762 | -€4,799 | +€30,963 | +86.6% |
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 18 October 2026 via checked.be.