GRAFICA: 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.
GRAFICA
Largest movements
- Cash +€71,792
up €71,792 (+50.4%), from €142,464 to €214,256
mainly Net result for the year (+€103,753) and Other debts (+€42,127)
- Tangible fixed assets +€27,203
up €27,203 (+78.0%), from €34,886 to €62,089
of which Furniture and vehicles: +€27,612
- Reserves +€53,753
up €53,753 (+57.6%), from €93,384 to €147,137
- Other debts +€42,127
up €42,127 (+504%), from €8,362 to €50,489
- Tax, wage and social debts +€23,244
up €23,244 (+52.6%), from €44,188 to €67,432
of which Remuneration and social security: +€15,977
- Short-term financial debts -€11,743
down €11,743 (-58.5%), from €20,075 to €8,332
- Debts after one year -€10,995
down €10,995 (-34.8%), from €31,612 to €20,617
- Gross operating margin +€74,949
up €74,949 (+18.1%), from €414,995 to €489,944
- Staff costs +€22,135
up €22,135 (+7.4%), from €300,394 to €322,529
- Depreciation +€5,547
up €5,547 (+34.5%), from €16,066 to €21,613
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 | €310,027 | €414,348 | +€104,321 | +33.6% |
| Fixed assets | 21/28 | €42,137 | €69,214 | +€27,077 | +64.3% |
| Intangible fixed assets | 21 | €126 | - | -€126 | |
| Tangible fixed assets | 22/27 | €34,886 | €62,089 | +€27,203 | +78.0% |
| Furniture and vehicles | 24 | €31,018 | €58,630 | +€27,612 | +89.0% |
| Other tangible fixed assets | 26 | €3,868 | €3,459 | -€409 | -10.6% |
| Financial fixed assets | 28 | €7,125 | €7,125 | = | 0.0% |
| Current assets | 29/58 | €267,890 | €345,134 | +€77,244 | +28.8% |
| Amounts receivable within one year | 40/41 | €116,001 | €119,723 | +€3,722 | +3.2% |
| Trade receivables | 40 | €115,240 | €119,723 | +€4,483 | +3.9% |
| Other amounts receivable | 41 | €761 | - | -€761 | |
| Cash at bank and in hand | 54/58 | €142,464 | €214,256 | +€71,792 | +50.4% |
| Deferred charges and accrued income | 490/1 | €9,425 | €11,155 | +€1,730 | +18.4% |
| Total equity and liabilities | 10/49 | €310,027 | €414,348 | +€104,321 | +33.6% |
| Equity | 10/15 | €111,984 | €165,737 | +€53,753 | +48.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,384 | €147,137 | +€53,753 | +57.6% |
| Distributable reserves | 133 | €93,384 | €147,137 | +€53,753 | +57.6% |
| Amounts payable | 17/49 | €198,043 | €248,611 | +€50,568 | +25.5% |
| Amounts payable after more than one year | 17 | €31,612 | €20,617 | -€10,995 | -34.8% |
| Financial debts | 170/4 | €31,612 | €20,617 | -€10,995 | -34.8% |
| Amounts payable within one year | 42/48 | €166,430 | €227,993 | +€61,563 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €22,709 | €27,883 | +€5,174 | +22.8% |
| Financial debts | 43 | €20,075 | €8,332 | -€11,743 | -58.5% |
| Credit institutions | 430/8 | €20,075 | €8,332 | -€11,743 | -58.5% |
| Trade debts | 44 | €71,096 | €73,857 | +€2,761 | +3.9% |
| Suppliers | 440/4 | €71,096 | €73,857 | +€2,761 | +3.9% |
| Taxes, remuneration and social security | 45 | €44,188 | €67,432 | +€23,244 | +52.6% |
| Taxes | 450/3 | €8,894 | €16,162 | +€7,268 | +81.7% |
| Remuneration and social security | 454/9 | €35,293 | €51,270 | +€15,977 | +45.3% |
| Other amounts payable | 47/48 | €8,362 | €50,489 | +€42,127 | +504% |
| Non-recurring operating income | 76A | €17,763 | €14,521 | -€3,242 | -18.3% |
| Remuneration, social security and pensions | 62 | €300,394 | €322,529 | +€22,135 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,066 | €21,613 | +€5,547 | +34.5% |
| Other operating charges | 640/8 | €2,622 | €982 | -€1,640 | -62.5% |
| Non-recurring operating charges | 66A | €14,152 | - | -€14,152 | |
| Gross operating margin | 9900 | €414,995 | €489,944 | +€74,949 | +18.1% |
| Operating profit (loss) | 9901 | €81,761 | €144,820 | +€63,059 | +77.1% |
| Financial income | 75/76B | €2,060 | €3,923 | +€1,863 | +90.4% |
| Recurring financial income | 75 | €2,060 | €3,923 | +€1,863 | +90.4% |
| Financial charges | 65/66B | €3,734 | €3,708 | -€26 | -0.7% |
| Recurring financial charges | 65 | €3,734 | €3,708 | -€26 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €80,087 | €145,036 | +€64,948 | +81.1% |
| Income taxes | 67/77 | €39,211 | €41,283 | +€2,072 | +5.3% |
| Profit (loss) for the period | 9904 | €40,876 | €103,753 | +€62,877 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €40,876 | €103,753 | +€62,877 | +154% |
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 17 October 2026 via checked.be.