GET MORE: 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.
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Largest movements
- Receivables within one year +€28,807
up €28,807 (+112.0%), from €25,719 to €54,525
of which Other amounts receivable: +€14,786
- Tangible fixed assets +€26,739
up €26,739 (+19.0%), from €141,095 to €167,834
of which Furniture and vehicles: +€31,524
- Cash -€15,891
down €15,891 (-73.0%), from €21,754 to €5,863
mainly Investment in fixed assets (net) (-€40,051) and Receivables within one year (-€28,807)
- Debts after one year +€14,872
up €14,872 (+14.2%), from €104,366 to €119,238
- Current portion of long-term debt +€9,991
up €9,991 (+42.5%), from €23,489 to €33,481
- Tax, wage and social debts +€8,250
up €8,250 (+687.5%), from €1,200 to €9,450
- Trade debts -€6,409
down €6,409 (-62.1%), from €10,327 to €3,918
- Other debts +€6,004
up €6,004 (+12.0%), from €49,845 to €55,849
- Gross operating margin -€25,016
down €25,016 (-50.0%), from €50,067 to €25,051
- Staff costs -€14,290
down €14,290 (-89.3%), from €15,999 to €1,709
- Depreciation +€3,505
up €3,505 (+39.6%), from €8,850 to €12,355
- Other operating charges -€2,112
down €2,112 (-64.0%), from €3,299 to €1,187
- Financial charges -€1,316
down €1,316 (-19.0%), from €6,908 to €5,592
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 | €246,086 | €287,001 | +€40,915 | +16.6% |
| Fixed assets | 21/28 | €197,861 | €225,557 | +€27,696 | +14.0% |
| Tangible fixed assets | 22/27 | €141,095 | €167,834 | +€26,739 | +19.0% |
| Land and buildings | 22 | €123,175 | €118,625 | -€4,550 | -3.7% |
| Plant, machinery and equipment | 23 | €6,815 | €6,580 | -€235 | -3.4% |
| Furniture and vehicles | 24 | €11,105 | €42,629 | +€31,524 | +283.9% |
| Financial fixed assets | 28 | €56,766 | €57,723 | +€957 | +1.7% |
| Current assets | 29/58 | €48,225 | €61,444 | +€13,220 | +27.4% |
| Amounts receivable within one year | 40/41 | €25,719 | €54,525 | +€28,807 | +112.0% |
| Trade receivables | 40 | €14,199 | €28,219 | +€14,020 | +98.7% |
| Other amounts receivable | 41 | €11,520 | €26,306 | +€14,786 | +128.4% |
| Cash at bank and in hand | 54/58 | €21,754 | €5,863 | -€15,891 | -73.0% |
| Deferred charges and accrued income | 490/1 | €752 | €1,056 | +€304 | +40.5% |
| Total equity and liabilities | 10/49 | €246,086 | €287,001 | +€40,915 | +16.6% |
| Equity | 10/15 | €56,858 | €59,853 | +€2,996 | +5.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,858 | €37,853 | +€2,996 | +8.6% |
| Amounts payable | 17/49 | €189,228 | €227,148 | +€37,920 | +20.0% |
| Amounts payable after more than one year | 17 | €104,366 | €119,238 | +€14,872 | +14.2% |
| Financial debts | 170/4 | €104,366 | €119,238 | +€14,872 | +14.2% |
| Amounts payable within one year | 42/48 | €84,862 | €107,910 | +€23,048 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €23,489 | €33,481 | +€9,991 | +42.5% |
| Financial debts | 43 | - | €5,212 | +€5,212 | |
| Credit institutions | 430/8 | - | €5,212 | +€5,212 | |
| Trade debts | 44 | €10,327 | €3,918 | -€6,409 | -62.1% |
| Suppliers | 440/4 | €10,327 | €3,918 | -€6,409 | -62.1% |
| Taxes, remuneration and social security | 45 | €1,200 | €9,450 | +€8,250 | +687.5% |
| Taxes | 450/3 | €1,200 | €9,450 | +€8,250 | +687.5% |
| Other amounts payable | 47/48 | €49,845 | €55,849 | +€6,004 | +12.0% |
| Remuneration, social security and pensions | 62 | €15,999 | €1,709 | -€14,290 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,850 | €12,355 | +€3,505 | +39.6% |
| Other operating charges | 640/8 | €3,299 | €1,187 | -€2,112 | -64.0% |
| Gross operating margin | 9900 | €50,067 | €25,051 | -€25,016 | -50.0% |
| Operating profit (loss) | 9901 | €21,919 | €9,800 | -€12,119 | -55.3% |
| Financial income | 75/76B | €79 | €2 | -€77 | -97.5% |
| Recurring financial income | 75 | €79 | €2 | -€77 | -97.5% |
| Financial charges | 65/66B | €6,908 | €5,592 | -€1,316 | -19.0% |
| Recurring financial charges | 65 | €6,908 | €5,592 | -€1,316 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €15,090 | €4,209 | -€10,880 | -72.1% |
| Income taxes | 67/77 | €480 | €1,214 | +€734 | +152.9% |
| Profit (loss) for the period | 9904 | €14,610 | €2,996 | -€11,614 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,610 | €2,996 | -€11,614 | -79.5% |
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 2 October 2026 via checked.be.