grip: 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.
grip
Largest movements
- Receivables within one year -€276,246
down €276,246 (-53.6%), from €515,670 to €239,424
of which Trade receivables: -€247,754
- Cash +€66,145
up €66,145 (+12.0%), from €550,799 to €616,944
mainly Receivables within one year (+€276,246) and Deferred charges and accrued income (+€29,061)
- Deferred charges and accrued income -€29,061
down €29,061 (-49.6%), from €58,545 to €29,484
- Trade debts -€179,974
down €179,974 (-83.9%), from €214,578 to €34,604
- Reserves -€62,270
down €62,270 (-10.2%), from €608,831 to €546,561
- Advances received -€33,957
down €33,957 (-100.0%), from €33,957 to €0
- Profit (loss) carried forward +€22,932
up €22,932 (+31.8%), from €72,218 to €95,150
- Gross operating margin -€194,309
down €194,309 (-15.4%), from €1.3m to €1.1m
- Staff costs +€110,342
up €110,342 (+11.2%), from €982,032 to €1.1m
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 | €1,150,881 | €902,287 | -€248,595 | -21.6% |
| Fixed assets | 21/28 | €25,867 | €16,435 | -€9,432 | -36.5% |
| Intangible fixed assets | 21 | €16,203 | €10,093 | -€6,110 | -37.7% |
| Tangible fixed assets | 22/27 | €7,074 | €5,793 | -€1,282 | -18.1% |
| Plant, machinery and equipment | 23 | €7,074 | €2,035 | -€5,040 | -71.2% |
| Furniture and vehicles | 24 | - | €3,758 | +€3,758 | |
| Financial fixed assets | 28 | €2,590 | €550 | -€2,040 | -78.8% |
| Current assets | 29/58 | €1,125,014 | €885,852 | -€239,163 | -21.3% |
| Amounts receivable within one year | 40/41 | €515,670 | €239,424 | -€276,246 | -53.6% |
| Trade receivables | 40 | €397,928 | €150,174 | -€247,754 | -62.3% |
| Other amounts receivable | 41 | €117,742 | €89,250 | -€28,492 | -24.2% |
| Cash at bank and in hand | 54/58 | €550,799 | €616,944 | +€66,145 | +12.0% |
| Deferred charges and accrued income | 490/1 | €58,545 | €29,484 | -€29,061 | -49.6% |
| Total equity and liabilities | 10/49 | €1,150,881 | €902,287 | -€248,595 | -21.6% |
| Equity | 10/15 | €681,049 | €641,711 | -€39,338 | -5.8% |
| Reserves | 13 | €608,831 | €546,561 | -€62,270 | -10.2% |
| Profit (loss) carried forward | 14 | €72,218 | €95,150 | +€22,932 | +31.8% |
| Amounts payable | 17/49 | €469,833 | €260,575 | -€209,257 | -44.5% |
| Amounts payable within one year | 42/48 | €386,149 | €174,661 | -€211,488 | -54.8% |
| Trade debts | 44 | €214,578 | €34,604 | -€179,974 | -83.9% |
| Suppliers | 440/4 | €214,578 | €34,604 | -€179,974 | -83.9% |
| Advances received on contracts in progress | 46 | €33,957 | €0 | -€33,957 | -100.0% |
| Taxes, remuneration and social security | 45 | €137,615 | €140,057 | +€2,442 | +1.8% |
| Taxes | 450/3 | €18,884 | €17,021 | -€1,863 | -9.9% |
| Remuneration and social security | 454/9 | €118,730 | €123,036 | +€4,305 | +3.6% |
| Accrued charges and deferred income | 492/3 | €83,683 | €85,914 | +€2,231 | +2.7% |
| Non-recurring operating income | 76A | €891 | €11,638 | +€10,747 | +1206.2% |
| Remuneration, social security and pensions | 62 | €982,032 | €1,092,374 | +€110,342 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,334 | €12,635 | +€5,301 | +72.3% |
| Other operating charges | 640/8 | €501 | €0 | -€501 | -100.0% |
| Non-recurring operating charges | 66A | €1,663 | €0 | -€1,663 | -100.0% |
| Gross operating margin | 9900 | €1,260,580 | €1,066,270 | -€194,309 | -15.4% |
| Operating profit (loss) | 9901 | €269,050 | -€38,739 | -€307,788 | |
| Financial income | 75/76B | €21 | €2,071 | +€2,050 | +9932.5% |
| Recurring financial income | 75 | €21 | €2,071 | +€2,050 | +9932.5% |
| Financial charges | 65/66B | €728 | €2,234 | +€1,506 | +206.8% |
| Recurring financial charges | 65 | €728 | €2,234 | +€1,506 | +206.8% |
| Profit (loss) for the period before taxes | 9903 | €268,342 | -€38,902 | -€307,244 | |
| Income taxes | 67/77 | - | €436 | +€436 | |
| Profit (loss) for the period | 9904 | €268,342 | -€39,338 | -€307,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €268,342 | -€39,338 | -€307,680 |
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 6 October 2026 via checked.be.