GENERAL CYCLES: 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.
GENERAL CYCLES
Largest movements
- Receivables within one year -€235,982
down €235,982 (-29.5%), from €800,861 to €564,879
of which Other amounts receivable: -€228,797
- Cash +€49,002
up €49,002 (+198%), from €24,717 to €73,719
mainly Receivables within one year (+€235,982) and Net result for the year (+€142,464)
- Other debts -€208,572
down €208,572 (-62.6%), from €333,364 to €124,791
- Reserves +€17,673
up €17,673 (+2.8%), from €640,722 to €658,395
- Financial income +€20,434
up €20,434 (+15.1%), from €135,000 to €155,434
- Taxes +€3,886
up €3,886 (+30.3%), from €12,803 to €16,689
- Gross operating margin -€127
down €127 (-2.6%), from €4,889 to €4,762
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 | €1,012,490 | €825,510 | -€186,980 | -18.5% |
| Fixed assets | 21/28 | €186,912 | €186,912 | = | 0.0% |
| Financial fixed assets | 28 | €186,912 | €186,912 | = | 0.0% |
| Current assets | 29/58 | €825,578 | €638,598 | -€186,980 | -22.6% |
| Amounts receivable within one year | 40/41 | €800,861 | €564,879 | -€235,982 | -29.5% |
| Trade receivables | 40 | €13,309 | €6,123 | -€7,185 | -54.0% |
| Other amounts receivable | 41 | €787,552 | €558,756 | -€228,797 | -29.1% |
| Cash at bank and in hand | 54/58 | €24,717 | €73,719 | +€49,002 | +198% |
| Total equity and liabilities | 10/49 | €1,012,490 | €825,510 | -€186,980 | -18.5% |
| Equity | 10/15 | €666,289 | €683,962 | +€17,673 | +2.7% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €640,722 | €658,395 | +€17,673 | +2.8% |
| Distributable reserves | 133 | €640,722 | €658,395 | +€17,673 | +2.8% |
| Profit (loss) carried forward | 14 | €767 | €767 | = | 0.0% |
| Amounts payable | 17/49 | €346,201 | €141,548 | -€204,653 | -59.1% |
| Amounts payable within one year | 42/48 | €346,201 | €141,548 | -€204,653 | -59.1% |
| Taxes, remuneration and social security | 45 | €12,838 | €16,757 | +€3,920 | +30.5% |
| Taxes | 450/3 | €12,838 | €16,757 | +€3,920 | +30.5% |
| Other amounts payable | 47/48 | €333,364 | €124,791 | -€208,572 | -62.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €4,889 | €4,762 | -€127 | -2.6% |
| Operating profit (loss) | 9901 | €3,921 | €3,764 | -€158 | -4.0% |
| Financial income | 75/76B | €135,000 | €155,434 | +€20,434 | +15.1% |
| Recurring financial income | 75 | €135,000 | €155,434 | +€20,434 | +15.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €138,876 | €159,153 | +€20,276 | +14.6% |
| Income taxes | 67/77 | €12,803 | €16,689 | +€3,886 | +30.3% |
| Profit (loss) for the period | 9904 | €126,073 | €142,464 | +€16,391 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,073 | €142,464 | +€16,391 | +13.0% |
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 18 October 2026 via checked.be.