GOOD CHOICE: 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.
GOOD CHOICE
Largest movements
- Tangible fixed assets -€82,463
down €82,463 (-16.3%), from €505,172 to €422,709
of which Furniture and vehicles: -€54,141
- Receivables within one year +€21,101
up €21,101 (+18.5%), from €113,974 to €135,075
of which Trade receivables: +€21,046
- Cash -€12,225
down €12,225 (-18.7%), from €65,474 to €53,249
mainly Contributions, distributions and other (-€137,000) and Debts after one year (-€68,260)
- Reserves -€133,241
down €133,241 (-51.0%), from €261,272 to €128,031
- Other debts +€115,410
up €115,410 (+2035.3%), from €5,670 to €121,080
- Debts after one year -€68,260
down €68,260 (-21.1%), from €323,502 to €255,241
- Current portion of long-term debt +€23,750
up €23,750 (+53.4%), from €44,510 to €68,260
- Gross operating margin -€30,135
down €30,135 (-22.2%), from €136,037 to €105,902
- Depreciation +€23,005
up €23,005 (+38.7%), from €59,458 to €82,463
- Taxes -€13,191
down €13,191 (-83.0%), from €15,895 to €2,704
- Write-downs -€2,214
down €2,214, from €1,773 to -€441
- Financial charges +€1,959
up €1,959 (+32.1%), from €6,093 to €8,052
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 | €701,054 | €631,878 | -€69,177 | -9.9% |
| Fixed assets | 21/28 | €505,307 | €422,844 | -€82,463 | -16.3% |
| Tangible fixed assets | 22/27 | €505,172 | €422,709 | -€82,463 | -16.3% |
| Land and buildings | 22 | €263,258 | €252,856 | -€10,402 | -4.0% |
| Plant, machinery and equipment | 23 | €41,098 | €23,178 | -€17,919 | -43.6% |
| Furniture and vehicles | 24 | €200,817 | €146,675 | -€54,141 | -27.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €195,747 | €209,033 | +€13,286 | +6.8% |
| Stocks and contracts in progress | 3 | €16,300 | €20,710 | +€4,410 | +27.1% |
| Stocks | 30/36 | €16,300 | €20,710 | +€4,410 | +27.1% |
| Amounts receivable within one year | 40/41 | €113,974 | €135,075 | +€21,101 | +18.5% |
| Trade receivables | 40 | €65,375 | €86,421 | +€21,046 | +32.2% |
| Other amounts receivable | 41 | €48,599 | €48,654 | +€55 | +0.1% |
| Cash at bank and in hand | 54/58 | €65,474 | €53,249 | -€12,225 | -18.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €701,054 | €631,878 | -€69,177 | -9.9% |
| Equity | 10/15 | €273,672 | €140,431 | -€133,241 | -48.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €261,272 | €128,031 | -€133,241 | -51.0% |
| Distributable reserves | 133 | €261,272 | €128,031 | -€133,241 | -51.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €427,383 | €491,447 | +€64,064 | +15.0% |
| Amounts payable after more than one year | 17 | €323,502 | €255,241 | -€68,260 | -21.1% |
| Financial debts | 170/4 | €323,502 | €255,241 | -€68,260 | -21.1% |
| Amounts payable within one year | 42/48 | €103,133 | €236,206 | +€133,073 | +129.0% |
| Current portion of amounts payable after more than one year | 42 | €44,510 | €68,260 | +€23,750 | +53.4% |
| Trade debts | 44 | €39,843 | €35,711 | -€4,132 | -10.4% |
| Suppliers | 440/4 | €39,843 | €35,711 | -€4,132 | -10.4% |
| Taxes, remuneration and social security | 45 | €13,109 | €11,154 | -€1,956 | -14.9% |
| Taxes | 450/3 | €6,979 | €3,209 | -€3,771 | -54.0% |
| Remuneration and social security | 454/9 | €6,130 | €7,945 | +€1,815 | +29.6% |
| Other amounts payable | 47/48 | €5,670 | €121,080 | +€115,410 | +2035.3% |
| Accrued charges and deferred income | 492/3 | €748 | €0 | -€748 | -100.0% |
| Non-recurring operating income | 76A | €6,500 | €0 | -€6,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,458 | €82,463 | +€23,005 | +38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,773 | -€441 | -€2,214 | |
| Other operating charges | 640/8 | €7,711 | €9,375 | +€1,664 | +21.6% |
| Gross operating margin | 9900 | €136,037 | €105,902 | -€30,135 | -22.2% |
| Operating profit (loss) | 9901 | €67,094 | €14,505 | -€52,589 | -78.4% |
| Financial income | 75/76B | €98 | €10 | -€89 | -90.3% |
| Recurring financial income | 75 | €98 | €10 | -€89 | -90.3% |
| Financial charges | 65/66B | €6,093 | €8,052 | +€1,959 | +32.1% |
| Recurring financial charges | 65 | €6,093 | €8,052 | +€1,959 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €61,100 | €6,463 | -€54,637 | -89.4% |
| Income taxes | 67/77 | €15,895 | €2,704 | -€13,191 | -83.0% |
| Profit (loss) for the period | 9904 | €45,205 | €3,759 | -€41,446 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,205 | €3,759 | -€41,446 | -91.7% |
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 12 October 2026 via checked.be.