GENERAL EQUIPMENTS: 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 EQUIPMENTS
Largest movements
- Cash +€228,321
up €228,321 (+14.4%), from €1.6m to €1.8m
mainly Net result for the year (+€371,095) and Stocks and contracts (+€65,941)
- Stocks and contracts -€65,941
down €65,941 (-3.8%), from €1.8m to €1.7m
- Receivables within one year -€38,379
down €38,379 (-12.4%), from €308,319 to €269,940
- Reserves +€371,095
up €371,095 (+12.7%), from €2.9m to €3.3m
of which Distributable reserves: +€371,095
- Trade debts -€256,331
down €256,331 (-62.6%), from €409,264 to €152,933
- Gross operating margin -€574,698
down €574,698 (-35.2%), from €1.6m to €1.1m
- Taxes -€159,673
down €159,673 (-55.0%), from €290,256 to €130,583
- Staff costs +€50,177
up €50,177 (+10.5%), from €476,730 to €526,907
- Other operating charges -€17,661
down €17,661 (-82.9%), from €21,293 to €3,632
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 | €3,716,762 | €3,822,837 | +€106,075 | +2.9% |
| Fixed assets | 21/28 | €67,119 | €49,481 | -€17,638 | -26.3% |
| Tangible fixed assets | 22/27 | €67,119 | €49,481 | -€17,638 | -26.3% |
| Plant, machinery and equipment | 23 | €6,704 | €6,606 | -€98 | -1.5% |
| Furniture and vehicles | 24 | €60,415 | €42,875 | -€17,540 | -29.0% |
| Current assets | 29/58 | €3,649,643 | €3,773,356 | +€123,713 | +3.4% |
| Stocks and contracts in progress | 3 | €1,754,423 | €1,688,482 | -€65,941 | -3.8% |
| Stocks | 30/36 | €1,754,423 | €1,688,482 | -€65,941 | -3.8% |
| Amounts receivable within one year | 40/41 | €308,319 | €269,940 | -€38,379 | -12.4% |
| Trade receivables | 40 | €308,319 | €269,940 | -€38,379 | -12.4% |
| Cash at bank and in hand | 54/58 | €1,586,613 | €1,814,934 | +€228,321 | +14.4% |
| Deferred charges and accrued income | 490/1 | €288 | - | -€288 | |
| Total equity and liabilities | 10/49 | €3,716,762 | €3,822,837 | +€106,075 | +2.9% |
| Equity | 10/15 | €2,940,379 | €3,311,474 | +€371,095 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,921,779 | €3,292,874 | +€371,095 | +12.7% |
| Tax-exempt reserves | 132 | €67 | €67 | = | 0.0% |
| Distributable reserves | 133 | €2,921,712 | €3,292,807 | +€371,095 | +12.7% |
| Amounts payable | 17/49 | €776,383 | €511,363 | -€265,020 | -34.1% |
| Amounts payable within one year | 42/48 | €776,383 | €511,363 | -€265,020 | -34.1% |
| Financial debts | 43 | €61,591 | €61,205 | -€386 | -0.6% |
| Other loans | 439 | €61,591 | €61,205 | -€386 | -0.6% |
| Trade debts | 44 | €409,264 | €152,933 | -€256,331 | -62.6% |
| Suppliers | 440/4 | €409,264 | €152,933 | -€256,331 | -62.6% |
| Taxes, remuneration and social security | 45 | €305,528 | €297,225 | -€8,303 | -2.7% |
| Taxes | 450/3 | €275,279 | €257,768 | -€17,511 | -6.4% |
| Remuneration and social security | 454/9 | €30,249 | €39,457 | +€9,208 | +30.4% |
| Non-recurring operating income | 76A | €1,560 | - | -€1,560 | |
| Remuneration, social security and pensions | 62 | €476,730 | €526,907 | +€50,177 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,318 | €20,795 | -€6,523 | -23.9% |
| Other operating charges | 640/8 | €21,293 | €3,632 | -€17,661 | -82.9% |
| Gross operating margin | 9900 | €1,633,880 | €1,059,182 | -€574,698 | -35.2% |
| Operating profit (loss) | 9901 | €1,108,539 | €507,848 | -€600,691 | -54.2% |
| Financial income | 75/76B | €13,616 | €21,566 | +€7,950 | +58.4% |
| Recurring financial income | 75 | €13,616 | €21,566 | +€7,950 | +58.4% |
| Financial charges | 65/66B | €34,476 | €27,736 | -€6,740 | -19.5% |
| Recurring financial charges | 65 | €34,476 | €27,736 | -€6,740 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €1,087,679 | €501,678 | -€586,001 | -53.9% |
| Income taxes | 67/77 | €290,256 | €130,583 | -€159,673 | -55.0% |
| Profit (loss) for the period | 9904 | €797,423 | €371,095 | -€426,328 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €797,423 | €371,095 | -€426,328 | -53.5% |
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 19 October 2026 via checked.be.