GALERIES: 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.
GALERIES
Largest movements
- Cash +€46,507
up €46,507 (+31.3%), from €148,524 to €195,031
mainly Receivables within one year (+€31,777) and Net result for the year (+€21,483)
- Receivables within one year -€31,777
down €31,777 (-11.7%), from €271,054 to €239,277
of which Other amounts receivable: -€54,331
- Deferred charges and accrued income +€21,828
up €21,828 (+74.5%), from €29,309 to €51,137
- Tangible fixed assets -€5,308
down €5,308 (-14.3%), from €37,077 to €31,769
of which Plant, machinery and equipment: -€3,246
- Profit (loss) carried forward +€21,483
up €21,483 (+5.8%), from -€370,813 to -€349,330
- Tax, wage and social debts +€14,736
up €14,736 (+23.8%), from €61,935 to €76,671
of which Taxes: +€16,705
- Debts after one year -€10,840
down €10,840 (-21.5%), from €50,336 to €39,496
- Trade debts +€7,499
up €7,499 (+1.5%), from €490,487 to €497,986
- Write-downs -€30,000
new in 2025: -€30,000
- Staff costs +€28,834
up €28,834 (+6.9%), from €415,833 to €444,667
- Gross operating margin -€28,119
down €28,119 (-5.7%), from €489,584 to €461,465
- Depreciation -€6,689
down €6,689 (-29.7%), from €22,516 to €15,827
- Financial income -€5,564
down €5,564 (-82.0%), from €6,788 to €1,224
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 | €498,738 | €529,183 | +€30,444 | +6.1% |
| Fixed assets | 21/28 | €49,383 | €43,270 | -€6,113 | -12.4% |
| Intangible fixed assets | 21 | €2,267 | €1,461 | -€806 | -35.5% |
| Tangible fixed assets | 22/27 | €37,077 | €31,769 | -€5,308 | -14.3% |
| Plant, machinery and equipment | 23 | €11,120 | €7,874 | -€3,246 | -29.2% |
| Furniture and vehicles | 24 | €24,343 | €23,715 | -€628 | -2.6% |
| Other tangible fixed assets | 26 | €1,614 | €180 | -€1,434 | -88.8% |
| Financial fixed assets | 28 | €10,040 | €10,040 | = | 0.0% |
| Current assets | 29/58 | €449,355 | €485,913 | +€36,558 | +8.1% |
| Stocks and contracts in progress | 3 | €468 | €468 | = | 0.0% |
| Stocks | 30/36 | €468 | €468 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €271,054 | €239,277 | -€31,777 | -11.7% |
| Trade receivables | 40 | €161,381 | €183,935 | +€22,553 | +14.0% |
| Other amounts receivable | 41 | €109,673 | €55,342 | -€54,331 | -49.5% |
| Cash at bank and in hand | 54/58 | €148,524 | €195,031 | +€46,507 | +31.3% |
| Deferred charges and accrued income | 490/1 | €29,309 | €51,137 | +€21,828 | +74.5% |
| Total equity and liabilities | 10/49 | €498,738 | €529,183 | +€30,444 | +6.1% |
| Equity | 10/15 | -€120,812 | -€99,330 | +€21,483 | +17.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€370,813 | -€349,330 | +€21,483 | +5.8% |
| Investment grants | 15 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €619,551 | €628,512 | +€8,961 | +1.4% |
| Amounts payable after more than one year | 17 | €50,336 | €39,496 | -€10,840 | -21.5% |
| Financial debts | 170/4 | €50,336 | €39,496 | -€10,840 | -21.5% |
| Amounts payable within one year | 42/48 | €564,687 | €589,016 | +€24,329 | +4.3% |
| Trade debts | 44 | €490,487 | €497,986 | +€7,499 | +1.5% |
| Suppliers | 440/4 | €490,487 | €497,986 | +€7,499 | +1.5% |
| Advances received on contracts in progress | 46 | €1,822 | €1,822 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €61,935 | €76,671 | +€14,736 | +23.8% |
| Taxes | 450/3 | €6,818 | €23,523 | +€16,705 | +245.0% |
| Remuneration and social security | 454/9 | €55,116 | €53,147 | -€1,969 | -3.6% |
| Other amounts payable | 47/48 | €10,444 | €12,538 | +€2,094 | +20.0% |
| Accrued charges and deferred income | 492/3 | €4,528 | - | -€4,528 | |
| Remuneration, social security and pensions | 62 | €415,833 | €444,667 | +€28,834 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,516 | €15,827 | -€6,689 | -29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€30,000 | -€30,000 | |
| Other operating charges | 640/8 | €6,897 | €2,933 | -€3,965 | -57.5% |
| Gross operating margin | 9900 | €489,584 | €461,465 | -€28,119 | -5.7% |
| Operating profit (loss) | 9901 | €44,339 | €28,039 | -€16,299 | -36.8% |
| Financial income | 75/76B | €6,788 | €1,224 | -€5,564 | -82.0% |
| Recurring financial income | 75 | €6,788 | €1,224 | -€5,564 | -82.0% |
| Financial charges | 65/66B | €7,816 | €7,781 | -€36 | -0.5% |
| Recurring financial charges | 65 | €7,816 | €7,781 | -€36 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €43,310 | €21,483 | -€21,828 | -50.4% |
| Profit (loss) for the period | 9904 | €43,310 | €21,483 | -€21,828 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,310 | €21,483 | -€21,828 | -50.4% |
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 3 October 2026 via checked.be.