FOUR DIGITS: 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.
FOUR DIGITS
Largest movements
- Receivables within one year -€48,727
down €48,727 (-19.4%), from €250,621 to €201,893
of which Trade receivables: -€50,976
- Cash +€19,953
up €19,953 (+47.4%), from €42,133 to €62,086
mainly Receivables within one year (+€48,727) and Net result for the year (+€35,766)
- Stocks and contracts -€17,726
down €17,726 (-19.3%), from €91,807 to €74,081
- Trade debts -€45,053
down €45,053 (-31.0%), from €145,208 to €100,155
- Profit (loss) carried forward +€35,766
up €35,766 (+30.2%), from -€118,444 to -€82,678
- Current portion of long-term debt -€32,766
down €32,766 (-79.6%), from €41,146 to €8,380
- Tax, wage and social debts -€6,942
down €6,942 (-20.1%), from €34,545 to €27,603
of which Taxes: -€7,942
- Gross operating margin +€8,429
up €8,429 (+14.4%), from €58,617 to €67,047
- Financial charges -€7,655
down €7,655 (-30.1%), from €25,429 to €17,775
of which Financial charges: -€7,379
- Taxes +€5,121
up €5,121 (+66.8%), from €7,670 to €12,791
- Financial income +€2,392
up €2,392 (+185.8%), from €1,287 to €3,679
- Depreciation -€1,199
down €1,199 (-41.2%), from €2,908 to €1,709
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 | €390,283 | €344,476 | -€45,807 | -11.7% |
| Fixed assets | 21/28 | €3,032 | €3,886 | +€854 | +28.2% |
| Tangible fixed assets | 22/27 | €3,032 | €3,886 | +€854 | +28.2% |
| Plant, machinery and equipment | 23 | €817 | €1,219 | +€402 | +49.2% |
| Furniture and vehicles | 24 | €2,215 | €2,668 | +€452 | +20.4% |
| Current assets | 29/58 | €387,251 | €340,590 | -€46,661 | -12.0% |
| Stocks and contracts in progress | 3 | €91,807 | €74,081 | -€17,726 | -19.3% |
| Stocks | 30/36 | €91,807 | €74,081 | -€17,726 | -19.3% |
| Amounts receivable within one year | 40/41 | €250,621 | €201,893 | -€48,727 | -19.4% |
| Trade receivables | 40 | €182,992 | €132,016 | -€50,976 | -27.9% |
| Other amounts receivable | 41 | €67,629 | €69,877 | +€2,249 | +3.3% |
| Cash at bank and in hand | 54/58 | €42,133 | €62,086 | +€19,953 | +47.4% |
| Deferred charges and accrued income | 490/1 | €2,691 | €2,530 | -€161 | -6.0% |
| Total equity and liabilities | 10/49 | €390,283 | €344,476 | -€45,807 | -11.7% |
| Equity | 10/15 | -€32,384 | €3,382 | +€35,766 | |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €29,860 | €29,860 | = | 0.0% |
| Distributable reserves | 133 | €29,860 | €29,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,444 | -€82,678 | +€35,766 | +30.2% |
| Amounts payable | 17/49 | €422,667 | €341,094 | -€81,573 | -19.3% |
| Amounts payable within one year | 42/48 | €422,667 | €341,094 | -€81,573 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €41,146 | €8,380 | -€32,766 | -79.6% |
| Financial debts | 43 | €11 | €1,392 | +€1,381 | +12567.0% |
| Credit institutions | 430/8 | €11 | €1,392 | +€1,381 | +12567.0% |
| Trade debts | 44 | €145,208 | €100,155 | -€45,053 | -31.0% |
| Suppliers | 440/4 | €145,208 | €100,155 | -€45,053 | -31.0% |
| Advances received on contracts in progress | 46 | €1,757 | €1,359 | -€398 | -22.6% |
| Taxes, remuneration and social security | 45 | €34,545 | €27,603 | -€6,942 | -20.1% |
| Taxes | 450/3 | €30,045 | €22,103 | -€7,942 | -26.4% |
| Remuneration and social security | 454/9 | €4,500 | €5,500 | +€1,000 | +22.2% |
| Other amounts payable | 47/48 | €200,000 | €202,205 | +€2,205 | +1.1% |
| Non-recurring operating income | 76A | - | €247 | +€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,908 | €1,709 | -€1,199 | -41.2% |
| Other operating charges | 640/8 | €3,042 | €2,011 | -€1,031 | -33.9% |
| Non-recurring operating charges | 66A | - | €675 | +€675 | |
| Gross operating margin | 9900 | €58,617 | €67,047 | +€8,429 | +14.4% |
| Operating profit (loss) | 9901 | €52,667 | €62,652 | +€9,985 | +19.0% |
| Financial income | 75/76B | €1,287 | €3,679 | +€2,392 | +185.8% |
| Recurring financial income | 75 | €1,287 | €3,679 | +€2,392 | +185.8% |
| Financial charges | 65/66B | €25,429 | €17,775 | -€7,655 | -30.1% |
| Recurring financial charges | 65 | €23,836 | €16,457 | -€7,379 | -31.0% |
| Non-recurring financial charges | 66B | €1,593 | €1,318 | -€275 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €28,525 | €48,557 | +€20,032 | +70.2% |
| Income taxes | 67/77 | €7,670 | €12,791 | +€5,121 | +66.8% |
| Profit (loss) for the period | 9904 | €20,855 | €35,766 | +€14,910 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,855 | €35,766 | +€14,910 | +71.5% |
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 9 October 2026 via checked.be.