FULL REPAIR: 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 REPAIR
Largest movements
- Receivables within one year -€187,105
down €187,105 (-40.7%), from €460,029 to €272,924
of which Other amounts receivable: -€124,091
- Tangible fixed assets -€13,522
down €13,522 (-51.8%), from €26,120 to €12,598
of which Furniture and vehicles: -€10,591
- Trade debts -€106,107
down €106,107 (-98.4%), from €107,863 to €1,755
- Other debts -€84,904
down €84,904 (-84.6%), from €100,371 to €15,467
- Advances received -€43,094
down €43,094 (-34.6%), from €124,671 to €81,577
- Profit (loss) carried forward +€29,884
up €29,884 (+22.4%), from €133,184 to €163,068
- Tax, wage and social debts +€10,124
new in 2025: €10,124
of which Remuneration and social security: +€9,111
- Gross operating margin +€64,014
up €64,014 (+79.6%), from €80,422 to €144,436
- Staff costs +€15,289
up €15,289 (+25.5%), from €59,877 to €75,166
- Depreciation -€7,006
down €7,006 (-34.1%), from €20,528 to €13,522
- Taxes -€6,564
down €6,564 (-23.6%), from €27,867 to €21,303
- Financial income -€4,735
down €4,735 (-79.0%), from €5,997 to €1,262
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 | €496,061 | €295,585 | -€200,476 | -40.4% |
| Fixed assets | 21/28 | €35,955 | €22,433 | -€13,522 | -37.6% |
| Tangible fixed assets | 22/27 | €26,120 | €12,598 | -€13,522 | -51.8% |
| Plant, machinery and equipment | 23 | €5,226 | €2,855 | -€2,371 | -45.4% |
| Furniture and vehicles | 24 | €19,050 | €8,459 | -€10,591 | -55.6% |
| Other tangible fixed assets | 26 | €1,844 | €1,284 | -€560 | -30.4% |
| Financial fixed assets | 28 | €9,835 | €9,835 | = | 0.0% |
| Current assets | 29/58 | €460,106 | €273,152 | -€186,954 | -40.6% |
| Amounts receivable within one year | 40/41 | €460,029 | €272,924 | -€187,105 | -40.7% |
| Trade receivables | 40 | €279,802 | €216,788 | -€63,014 | -22.5% |
| Other amounts receivable | 41 | €180,227 | €56,136 | -€124,091 | -68.9% |
| Cash at bank and in hand | 54/58 | €77 | €229 | +€151 | +196% |
| Total equity and liabilities | 10/49 | €496,061 | €295,585 | -€200,476 | -40.4% |
| Equity | 10/15 | €138,184 | €168,068 | +€29,884 | +21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,184 | €163,068 | +€29,884 | +22.4% |
| Amounts payable | 17/49 | €357,877 | €127,517 | -€230,360 | -64.4% |
| Amounts payable within one year | 42/48 | €357,877 | €127,517 | -€230,360 | -64.4% |
| Financial debts | 43 | €24,972 | €18,594 | -€6,378 | -25.5% |
| Credit institutions | 430/8 | €24,972 | €18,594 | -€6,378 | -25.5% |
| Trade debts | 44 | €107,863 | €1,755 | -€106,107 | -98.4% |
| Suppliers | 440/4 | €107,863 | €1,755 | -€106,107 | -98.4% |
| Advances received on contracts in progress | 46 | €124,671 | €81,577 | -€43,094 | -34.6% |
| Taxes, remuneration and social security | 45 | - | €10,124 | +€10,124 | |
| Taxes | 450/3 | - | €1,012 | +€1,012 | |
| Remuneration and social security | 454/9 | - | €9,111 | +€9,111 | |
| Other amounts payable | 47/48 | €100,371 | €15,467 | -€84,904 | -84.6% |
| Remuneration, social security and pensions | 62 | €59,877 | €75,166 | +€15,289 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,528 | €13,522 | -€7,006 | -34.1% |
| Other operating charges | 640/8 | €4,107 | €2,470 | -€1,637 | -39.9% |
| Gross operating margin | 9900 | €80,422 | €144,436 | +€64,014 | +79.6% |
| Operating profit (loss) | 9901 | -€4,090 | €53,278 | +€57,368 | |
| Financial income | 75/76B | €5,997 | €1,262 | -€4,735 | -79.0% |
| Recurring financial income | 75 | €5,997 | €1,262 | -€4,735 | -79.0% |
| Financial charges | 65/66B | €2,661 | €3,352 | +€692 | +26.0% |
| Recurring financial charges | 65 | €2,661 | €3,352 | +€692 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€754 | €51,187 | +€51,941 | |
| Income taxes | 67/77 | €27,867 | €21,303 | -€6,564 | -23.6% |
| Profit (loss) for the period | 9904 | -€28,621 | €29,884 | +€58,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,621 | €29,884 | +€58,505 |
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 23 October 2026 via checked.be.