GLOSS: 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.
GLOSS
Largest movements
- Tangible fixed assets +€68,452
up €68,452 (+222.4%), from €30,784 to €99,237
of which Plant, machinery and equipment: +€72,855
- Cash +€10,861
up €10,861 (+5.2%), from €208,798 to €219,659
mainly Debts after one year (+€41,611) and Tax, wage and social debts (+€18,786)
- Debts after one year +€41,611
up €41,611 (+803.7%), from €5,178 to €46,789
- Tax, wage and social debts +€18,786
up €18,786 (+113.5%), from €16,547 to €35,333
of which Remuneration and social security: +€14,955
- Trade debts +€18,259
up €18,259 (+40.0%), from €45,608 to €63,867
- Other debts -€15,008
down €15,008 (-100.0%), from €15,008 to €0
- Current portion of long-term debt +€10,369
up €10,369 (+343.4%), from €3,020 to €13,389
- Gross operating margin -€49,786
down €49,786 (-17.8%), from €280,477 to €230,691
- Staff costs -€43,929
down €43,929 (-18.0%), from €244,075 to €200,146
- Other operating charges +€5,311
up €5,311 (+4215.4%), from €126 to €5,437
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 | €257,012 | €337,532 | +€80,521 | +31.3% |
| Fixed assets | 21/28 | €34,890 | €103,342 | +€68,452 | +196.2% |
| Tangible fixed assets | 22/27 | €30,784 | €99,237 | +€68,452 | +222.4% |
| Plant, machinery and equipment | 23 | €11,848 | €84,703 | +€72,855 | +614.9% |
| Furniture and vehicles | 24 | €18,936 | €14,533 | -€4,403 | -23.3% |
| Financial fixed assets | 28 | €4,105 | €4,105 | = | 0.0% |
| Current assets | 29/58 | €222,122 | €234,191 | +€12,069 | +5.4% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,624 | €3,390 | -€235 | -6.5% |
| Trade receivables | 40 | €1,910 | €1,316 | -€594 | -31.1% |
| Other amounts receivable | 41 | €1,714 | €2,073 | +€359 | +20.9% |
| Cash at bank and in hand | 54/58 | €208,798 | €219,659 | +€10,861 | +5.2% |
| Deferred charges and accrued income | 490/1 | €7,200 | €8,642 | +€1,442 | +20.0% |
| Total equity and liabilities | 10/49 | €257,012 | €337,532 | +€80,521 | +31.3% |
| Equity | 10/15 | €100,111 | €109,232 | +€9,121 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,511 | €90,632 | +€9,121 | +11.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €19,203 | €19,203 | = | 0.0% |
| Distributable reserves | 133 | €60,448 | €71,429 | +€10,981 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €68,923 | €68,923 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €68,923 | €68,923 | = | 0.0% |
| Pensions and similar obligations | 160 | €68,923 | €68,923 | = | 0.0% |
| Amounts payable | 17/49 | €87,977 | €159,377 | +€71,400 | +81.2% |
| Amounts payable after more than one year | 17 | €5,178 | €46,789 | +€41,611 | +803.7% |
| Financial debts | 170/4 | €5,178 | €46,789 | +€41,611 | +803.7% |
| Amounts payable within one year | 42/48 | €80,183 | €112,588 | +€32,405 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €3,020 | €13,389 | +€10,369 | +343.4% |
| Trade debts | 44 | €45,608 | €63,867 | +€18,259 | +40.0% |
| Suppliers | 440/4 | €45,608 | €63,867 | +€18,259 | +40.0% |
| Taxes, remuneration and social security | 45 | €16,547 | €35,333 | +€18,786 | +113.5% |
| Taxes | 450/3 | €7,926 | €11,757 | +€3,831 | +48.3% |
| Remuneration and social security | 454/9 | €8,621 | €23,576 | +€14,955 | +173.5% |
| Other amounts payable | 47/48 | €15,008 | €0 | -€15,008 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,616 | €0 | -€2,616 | -100.0% |
| Remuneration, social security and pensions | 62 | €244,075 | €200,146 | -€43,929 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,198 | €11,928 | +€2,730 | +29.7% |
| Other operating charges | 640/8 | €126 | €5,437 | +€5,311 | +4215.4% |
| Gross operating margin | 9900 | €280,477 | €230,691 | -€49,786 | -17.8% |
| Operating profit (loss) | 9901 | €27,078 | €13,179 | -€13,899 | -51.3% |
| Financial income | 75/76B | €1,616 | €1,849 | +€233 | +14.4% |
| Recurring financial income | 75 | €1,616 | €1,849 | +€233 | +14.4% |
| Financial charges | 65/66B | €1,355 | €1,554 | +€199 | +14.7% |
| Recurring financial charges | 65 | €1,355 | €1,554 | +€199 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €27,339 | €13,475 | -€13,865 | -50.7% |
| Income taxes | 67/77 | €6,903 | €4,354 | -€2,549 | -36.9% |
| Profit (loss) for the period | 9904 | €20,436 | €9,121 | -€11,316 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,436 | €9,121 | -€11,316 | -55.4% |
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 30 September 2026 via checked.be.