GENERAL COMPOSITE DIFFUSION: 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.
GENERAL COMPOSITE DIFFUSION
Largest movements
- Receivables within one year +€25,054
up €25,054 (+66.9%), from €37,458 to €62,512
of which Trade receivables: +€28,707
- Financial fixed assets -€15,000
down €15,000 (-5.5%), from €270,437 to €255,437
- Cash -€14,592
down €14,592 (-64.0%), from €22,812 to €8,219
mainly Debts after one year (-€29,396) and Short-term financial debts (-€25,131)
- Tangible fixed assets -€10,750
down €10,750 (-15.0%), from €71,723 to €60,973
of which Furniture and vehicles: -€10,493
- Trade debts +€29,791
up €29,791 (+654.9%), from €4,549 to €34,340
- Debts after one year -€29,396
down €29,396 (-15.0%), from €195,619 to €166,223
- Short-term financial debts -€25,131
down €25,131 (-95.9%), from €26,209 to €1,079
- Tax, wage and social debts +€9,265
up €9,265 (+46.8%), from €19,799 to €29,064
of which Taxes: +€6,056
- Provisions +€30,000
no longer reported in 2025 (was -€30,000)
- Financial charges -€29,782
down €29,782 (-56.4%), from €52,828 to €23,045
of which Non-recurring financial charges: -€30,000
- Taxes -€13,962
down €13,962 (-71.4%), from €19,556 to €5,595
- Depreciation +€12,219
up €12,219 (+150.1%), from €8,140 to €20,359
- Staff costs +€2,418
up €2,418 (+5.0%), from €48,266 to €50,684
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 | €408,079 | €390,332 | -€17,747 | -4.3% |
| Fixed assets | 21/28 | €342,160 | €316,410 | -€25,750 | -7.5% |
| Tangible fixed assets | 22/27 | €71,723 | €60,973 | -€10,750 | -15.0% |
| Land and buildings | 22 | €24,127 | €22,274 | -€1,853 | -7.7% |
| Plant, machinery and equipment | 23 | €6,038 | €4,952 | -€1,085 | -18.0% |
| Furniture and vehicles | 24 | €41,559 | €31,066 | -€10,493 | -25.2% |
| Other tangible fixed assets | 26 | - | €2,681 | +€2,681 | |
| Financial fixed assets | 28 | €270,437 | €255,437 | -€15,000 | -5.5% |
| Current assets | 29/58 | €65,919 | €73,922 | +€8,003 | +12.1% |
| Amounts receivable within one year | 40/41 | €37,458 | €62,512 | +€25,054 | +66.9% |
| Trade receivables | 40 | €19,981 | €48,687 | +€28,707 | +143.7% |
| Other amounts receivable | 41 | €17,478 | €13,825 | -€3,652 | -20.9% |
| Cash at bank and in hand | 54/58 | €22,812 | €8,219 | -€14,592 | -64.0% |
| Deferred charges and accrued income | 490/1 | €5,649 | €3,190 | -€2,459 | -43.5% |
| Total equity and liabilities | 10/49 | €408,079 | €390,332 | -€17,747 | -4.3% |
| Equity | 10/15 | €104,685 | €104,486 | -€199 | -0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €42,697 | €42,513 | -€184 | -0.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €36,500 | €36,316 | -€184 | -0.5% |
| Profit (loss) carried forward | 14 | €15 | €0 | -€15 | -100.0% |
| Amounts payable | 17/49 | €303,394 | €285,846 | -€17,548 | -5.8% |
| Amounts payable after more than one year | 17 | €195,619 | €166,223 | -€29,396 | -15.0% |
| Financial debts | 170/4 | €195,619 | €166,223 | -€29,396 | -15.0% |
| Amounts payable within one year | 42/48 | €105,058 | €118,985 | +€13,928 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €32,001 | €35,503 | +€3,502 | +10.9% |
| Financial debts | 43 | €26,209 | €1,079 | -€25,131 | -95.9% |
| Credit institutions | 430/8 | €26,209 | €1,079 | -€25,131 | -95.9% |
| Trade debts | 44 | €4,549 | €34,340 | +€29,791 | +654.9% |
| Suppliers | 440/4 | €4,549 | €34,340 | +€29,791 | +654.9% |
| Taxes, remuneration and social security | 45 | €19,799 | €29,064 | +€9,265 | +46.8% |
| Taxes | 450/3 | €10,150 | €16,206 | +€6,056 | +59.7% |
| Remuneration and social security | 454/9 | €9,649 | €12,858 | +€3,209 | +33.3% |
| Other amounts payable | 47/48 | €22,500 | €19,000 | -€3,500 | -15.6% |
| Accrued charges and deferred income | 492/3 | €2,717 | €637 | -€2,080 | -76.5% |
| Remuneration, social security and pensions | 62 | €48,266 | €50,684 | +€2,418 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,140 | €20,359 | +€12,219 | +150.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | - | +€30,000 | |
| Other operating charges | 640/8 | €3,194 | €3,120 | -€74 | -2.3% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €105,393 | €103,486 | -€1,907 | -1.8% |
| Operating profit (loss) | 9901 | €75,792 | €28,323 | -€47,470 | -62.6% |
| Financial income | 75/76B | €3 | €118 | +€115 | +3837.3% |
| Recurring financial income | 75 | €3 | €118 | +€115 | +3837.3% |
| Financial charges | 65/66B | €52,828 | €23,045 | -€29,782 | -56.4% |
| Recurring financial charges | 65 | €7,828 | €8,045 | +€218 | +2.8% |
| Non-recurring financial charges | 66B | €45,000 | €15,000 | -€30,000 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €22,968 | €5,396 | -€17,572 | -76.5% |
| Income taxes | 67/77 | €19,556 | €5,595 | -€13,962 | -71.4% |
| Profit (loss) for the period | 9904 | €3,412 | -€199 | -€3,611 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,412 | -€199 | -€3,611 |
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 28 September 2026 via checked.be.