FULL CLEANING: 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.
FULL CLEANING
Largest movements
- Receivables within one year -€97,230
down €97,230 (-24.4%), from €398,797 to €301,567
of which Trade receivables: -€90,689
- Cash -€43,205
down €43,205 (-25.3%), from €170,467 to €127,262
mainly Contributions, distributions and other (-€807,258) and Other debts (-€109,987)
- Tangible fixed assets -€14,324
down €14,324 (-21.8%), from €65,782 to €51,458
of which Leasing and similar rights: -€12,861
- Profit (loss) carried forward -€162,016
no longer reported in 2025 (was €162,016)
- Other debts -€109,987
down €109,987 (-57.8%), from €190,359 to €80,372
- Tax, wage and social debts +€52,933
up €52,933 (+71.4%), from €74,148 to €127,081
of which Taxes: +€53,986
- Debts after one year +€43,894
up €43,894 (+149.5%), from €29,360 to €73,253
- Current portion of long-term debt +€35,306
up €35,306 (+31.9%), from €110,800 to €146,106
- Gross operating margin +€135,648
up €135,648 (+9.7%), from €1.4m to €1.5m
- Staff costs +€53,434
up €53,434 (+9.6%), from €553,924 to €607,358
- Financial income -€16,496
down €16,496 (-99.9%), from €16,519 to €23
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 | €678,900 | €524,307 | -€154,593 | -22.8% |
| Fixed assets | 21/28 | €91,341 | €79,953 | -€11,388 | -12.5% |
| Intangible fixed assets | 21 | €24,252 | €27,188 | +€2,936 | +12.1% |
| Tangible fixed assets | 22/27 | €65,782 | €51,458 | -€14,324 | -21.8% |
| Plant, machinery and equipment | 23 | €1,399 | €1,107 | -€292 | -20.8% |
| Furniture and vehicles | 24 | €27,270 | €26,176 | -€1,094 | -4.0% |
| Leasing and similar rights | 25 | €36,386 | €23,526 | -€12,861 | -35.3% |
| Other tangible fixed assets | 26 | €728 | €650 | -€78 | -10.7% |
| Financial fixed assets | 28 | €1,307 | €1,307 | = | 0.0% |
| Current assets | 29/58 | €587,558 | €444,354 | -€143,204 | -24.4% |
| Stocks and contracts in progress | 3 | €6,124 | €8,251 | +€2,127 | +34.7% |
| Stocks | 30/36 | €6,124 | €8,251 | +€2,127 | +34.7% |
| Amounts receivable within one year | 40/41 | €398,797 | €301,567 | -€97,230 | -24.4% |
| Trade receivables | 40 | €379,011 | €288,322 | -€90,689 | -23.9% |
| Other amounts receivable | 41 | €19,786 | €13,245 | -€6,542 | -33.1% |
| Cash at bank and in hand | 54/58 | €170,467 | €127,262 | -€43,205 | -25.3% |
| Deferred charges and accrued income | 490/1 | €12,171 | €7,275 | -€4,897 | -40.2% |
| Total equity and liabilities | 10/49 | €678,900 | €524,307 | -€154,593 | -22.8% |
| Equity | 10/15 | €196,217 | €34,201 | -€162,016 | -82.6% |
| Contributions | 10/11 | €31,092 | €31,092 | = | 0.0% |
| Reserves | 13 | €3,109 | €3,109 | = | 0.0% |
| Distributable reserves | 133 | €3,109 | €3,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,016 | - | -€162,016 | |
| Amounts payable | 17/49 | €482,683 | €490,106 | +€7,423 | +1.5% |
| Amounts payable after more than one year | 17 | €29,360 | €73,253 | +€43,894 | +149.5% |
| Financial debts | 170/4 | €29,360 | €73,253 | +€43,894 | +149.5% |
| Amounts payable within one year | 42/48 | €453,324 | €416,853 | -€36,471 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €110,800 | €146,106 | +€35,306 | +31.9% |
| Trade debts | 44 | €78,016 | €63,293 | -€14,723 | -18.9% |
| Suppliers | 440/4 | €78,016 | €63,293 | -€14,723 | -18.9% |
| Taxes, remuneration and social security | 45 | €74,148 | €127,081 | +€52,933 | +71.4% |
| Taxes | 450/3 | €15,718 | €69,704 | +€53,986 | +343.5% |
| Remuneration and social security | 454/9 | €58,430 | €57,377 | -€1,053 | -1.8% |
| Other amounts payable | 47/48 | €190,359 | €80,372 | -€109,987 | -57.8% |
| Remuneration, social security and pensions | 62 | €553,924 | €607,358 | +€53,434 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,874 | €38,216 | +€10,342 | +37.1% |
| Other operating charges | 640/8 | €507 | €766 | +€259 | +51.0% |
| Non-recurring operating charges | 66A | €342 | - | -€342 | |
| Gross operating margin | 9900 | €1,394,311 | €1,529,959 | +€135,648 | +9.7% |
| Operating profit (loss) | 9901 | €811,665 | €883,620 | +€71,955 | +8.9% |
| Financial income | 75/76B | €16,519 | €23 | -€16,496 | -99.9% |
| Recurring financial income | 75 | €16,519 | €23 | -€16,496 | -99.9% |
| Financial charges | 65/66B | €17,145 | €11,645 | -€5,500 | -32.1% |
| Recurring financial charges | 65 | €17,145 | €11,645 | -€5,500 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €811,039 | €871,998 | +€60,959 | +7.5% |
| Income taxes | 67/77 | €219,985 | €226,755 | +€6,771 | +3.1% |
| Profit (loss) for the period | 9904 | €591,055 | €645,243 | +€54,188 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €591,055 | €645,243 | +€54,188 | +9.2% |
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 11 October 2026 via checked.be.