Global Activities: 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.
Global Activities
Largest movements
- Receivables within one year -€19,531
down €19,531 (-22.2%), from €87,916 to €68,385
of which Trade receivables: -€22,622
- Stocks and contracts +€6,605
up €6,605 (+2.9%), from €229,761 to €236,365
- Tangible fixed assets +€3,390
up €3,390 (+32.8%), from €10,336 to €13,726
of which Furniture and vehicles: +€2,927
- Advances received -€28,481
down €28,481 (-81.7%), from €34,841 to €6,360
- Debts after one year -€26,305
down €26,305 (-12.0%), from €219,963 to €193,658
- Profit (loss) carried forward +€19,407
up €19,407 (+22.7%), from -€85,325 to -€65,918
- Current portion of long-term debt +€10,384
new in 2025: €10,384
- Other debts +€8,579
up €8,579 (+41.9%), from €20,490 to €29,070
- Gross operating margin +€8,108
up €8,108 (+47.6%), from €17,047 to €25,155
- Depreciation +€1,263
up €1,263 (+91.7%), from €1,377 to €2,641
- Financial charges -€829
down €829 (-38.4%), from €2,158 to €1,329
- Financial income +€678
up €678 (+232%), from €293 to €970
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 | €331,490 | €321,866 | -€9,624 | -2.9% |
| Fixed assets | 21/28 | €10,336 | €13,726 | +€3,390 | +32.8% |
| Tangible fixed assets | 22/27 | €10,336 | €13,726 | +€3,390 | +32.8% |
| Land and buildings | 22 | €221 | €147 | -€74 | -33.3% |
| Plant, machinery and equipment | 23 | €9,704 | €10,240 | +€536 | +5.5% |
| Furniture and vehicles | 24 | €412 | €3,339 | +€2,927 | +711% |
| Current assets | 29/58 | €321,154 | €308,140 | -€13,014 | -4.1% |
| Stocks and contracts in progress | 3 | €229,761 | €236,365 | +€6,605 | +2.9% |
| Stocks | 30/36 | €229,761 | €236,365 | +€6,605 | +2.9% |
| Amounts receivable within one year | 40/41 | €87,916 | €68,385 | -€19,531 | -22.2% |
| Trade receivables | 40 | €28,985 | €6,363 | -€22,622 | -78.0% |
| Other amounts receivable | 41 | €58,931 | €62,022 | +€3,091 | +5.2% |
| Cash at bank and in hand | 54/58 | €2,235 | €2,765 | +€530 | +23.7% |
| Deferred charges and accrued income | 490/1 | €1,243 | €625 | -€618 | -49.7% |
| Total equity and liabilities | 10/49 | €331,490 | €321,866 | -€9,624 | -2.9% |
| Equity | 10/15 | €40,275 | €59,682 | +€19,407 | +48.2% |
| Contributions | 10/11 | €125,600 | €125,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,325 | -€65,918 | +€19,407 | +22.7% |
| Amounts payable | 17/49 | €291,215 | €262,184 | -€29,031 | -10.0% |
| Amounts payable after more than one year | 17 | €219,963 | €193,658 | -€26,305 | -12.0% |
| Financial debts | 170/4 | €219,963 | €193,658 | -€26,305 | -12.0% |
| Amounts payable within one year | 42/48 | €71,252 | €68,526 | -€2,726 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,384 | +€10,384 | |
| Trade debts | 44 | €10,477 | €11,787 | +€1,309 | +12.5% |
| Suppliers | 440/4 | €10,477 | €11,787 | +€1,309 | +12.5% |
| Advances received on contracts in progress | 46 | €34,841 | €6,360 | -€28,481 | -81.7% |
| Taxes, remuneration and social security | 45 | €5,443 | €10,925 | +€5,482 | +101% |
| Taxes | 450/3 | €5,443 | €10,925 | +€5,482 | +101% |
| Other amounts payable | 47/48 | €20,490 | €29,070 | +€8,579 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,377 | €2,641 | +€1,263 | +91.7% |
| Other operating charges | 640/8 | €2,681 | €2,449 | -€232 | -8.7% |
| Gross operating margin | 9900 | €17,047 | €25,155 | +€8,108 | +47.6% |
| Operating profit (loss) | 9901 | €12,989 | €20,066 | +€7,077 | +54.5% |
| Financial income | 75/76B | €293 | €970 | +€678 | +232% |
| Recurring financial income | 75 | €293 | €970 | +€678 | +232% |
| Financial charges | 65/66B | €2,158 | €1,329 | -€829 | -38.4% |
| Recurring financial charges | 65 | €2,158 | €1,329 | -€829 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €11,124 | €19,707 | +€8,583 | +77.2% |
| Income taxes | 67/77 | €295 | €300 | +€5 | +1.6% |
| Profit (loss) for the period | 9904 | €10,828 | €19,407 | +€8,578 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,828 | €19,407 | +€8,578 | +79.2% |
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 26 October 2026 via checked.be.