GIVES ALTITUDE: what changed
GIVES ALTITUDE
Largest movements
- Cash +€10,120
up €10,120 (+272%), from €3,725 to €13,845
mainly Net result for the year (+€32,820) and Depreciation (+€5,679)
- Tangible fixed assets -€5,679
down €5,679 (-4.7%), from €121,998 to €116,319
of which Plant, machinery and equipment: -€109,361
- Receivables within one year +€3,357
up €3,357 (+4.0%), from €84,078 to €87,435
of which Other amounts receivable: +€20,000
- Reserves +€32,820
up €32,820 (+1,765%), from €1,860 to €34,680
of which Distributable reserves: +€32,820
- Trade debts -€21,394
down €21,394 (-93.1%), from €22,975 to €1,581
of which Bills of exchange payable: -€17,431
- Current portion of long-term debt -€6,840
down €6,840 (-83.2%), from €8,223 to €1,382
- Tax, wage and social debts +€4,164
up €4,164 (+11.8%), from €35,427 to €39,591
- Gross operating margin -€29,374
down €29,374 (-34.4%), from €85,382 to €56,008
- Purchases and services +€28,897
up €28,897 (+31.6%), from €91,510 to €120,407
- Turnover -€3,989
down €3,989 (-2.3%), from €170,440 to €166,451
- Taxes -€3,447
down €3,447 (-19.4%), from €17,814 to €14,366
- Depreciation -€3,260
down €3,260 (-36.5%), from €8,939 to €5,679
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,218 | €218,164 | +€5,946 | +2.8% |
| Fixed assets | 21/28 | €122,563 | €116,884 | -€5,679 | -4.6% |
| Tangible fixed assets | 22/27 | €121,998 | €116,319 | -€5,679 | -4.7% |
| Plant, machinery and equipment | 23 | €109,361 | - | -€109,361 | |
| Furniture and vehicles | 24 | €12,637 | €116,319 | +€103,682 | +820% |
| Financial fixed assets | 28 | €565 | €565 | = | 0.0% |
| Current assets | 29/58 | €89,655 | €101,280 | +€11,625 | +13.0% |
| Amounts receivable within one year | 40/41 | €84,078 | €87,435 | +€3,357 | +4.0% |
| Trade receivables | 40 | €31,086 | €14,443 | -€16,643 | -53.5% |
| Other amounts receivable | 41 | €52,992 | €72,992 | +€20,000 | +37.7% |
| Cash at bank and in hand | 54/58 | €3,725 | €13,845 | +€10,120 | +272% |
| Deferred charges and accrued income | 490/1 | €1,851 | - | -€1,851 | |
| Total equity and liabilities | 10/49 | €212,218 | €218,164 | +€5,946 | +2.8% |
| Equity | 10/15 | €142,743 | €175,563 | +€32,820 | +23.0% |
| Reserves | 13 | €1,860 | €34,680 | +€32,820 | +1,765% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €32,820 | +€32,820 | |
| Profit (loss) carried forward | 14 | €140,883 | €140,883 | = | 0.0% |
| Amounts payable | 17/49 | €69,475 | €42,601 | -€26,875 | -38.7% |
| Amounts payable after more than one year | 17 | €1,382 | - | -€1,382 | |
| Financial debts | 170/4 | €1,382 | - | -€1,382 | |
| Amounts payable within one year | 42/48 | €68,093 | €42,601 | -€25,492 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €8,223 | €1,382 | -€6,840 | -83.2% |
| Financial debts | 43 | €1,469 | €47 | -€1,422 | -96.8% |
| Credit institutions | 430/8 | €1,469 | €47 | -€1,422 | -96.8% |
| Trade debts | 44 | €22,975 | €1,581 | -€21,394 | -93.1% |
| Suppliers | 440/4 | €5,544 | €1,581 | -€3,963 | -71.5% |
| Bills of exchange payable | 441 | €17,431 | - | -€17,431 | |
| Taxes, remuneration and social security | 45 | €35,427 | €39,591 | +€4,164 | +11.8% |
| Taxes | 450/3 | €35,427 | €39,591 | +€4,164 | +11.8% |
| Turnover | 70 | €170,440 | €166,451 | -€3,989 | -2.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €91,510 | €120,407 | +€28,897 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,939 | €5,679 | -€3,260 | -36.5% |
| Other operating charges | 640/8 | €1,638 | €2,783 | +€1,145 | +69.9% |
| Gross operating margin | 9900 | €85,382 | €56,008 | -€29,374 | -34.4% |
| Operating profit (loss) | 9901 | €74,804 | €47,546 | -€27,258 | -36.4% |
| Financial income | 75/76B | €0 | €3 | +€2 | +543% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +543% |
| Financial charges | 65/66B | €913 | €362 | -€551 | -60.3% |
| Recurring financial charges | 65 | €913 | €362 | -€551 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €73,892 | €47,187 | -€26,705 | -36.1% |
| Income taxes | 67/77 | €17,814 | €14,366 | -€3,447 | -19.4% |
| Profit (loss) for the period | 9904 | €56,078 | €32,820 | -€23,258 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,078 | €32,820 | -€23,258 | -41.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.