GROUP FROMENT: 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.
GROUP FROMENT
Largest movements
- Stocks and contracts +€17,323
up €17,323 (+133.4%), from €12,987 to €30,310
- Receivables within one year -€10,194
down €10,194 (-16.7%), from €60,896 to €50,701
- Financial fixed assets -€5,000
no longer reported in 2025 (was €5,000)
- Cash +€2,639
up €2,639 (+168.5%), from €1,567 to €4,205
mainly Short-term financial debts (+€10,540) and Receivables within one year (+€10,194)
- Profit (loss) carried forward -€17,132
down €17,132 (-17.3%), from -€98,760 to -€115,892
- Short-term financial debts +€10,540
up €10,540 (+32.4%), from €32,505 to €43,046
- Trade debts +€9,160
up €9,160 (+14.5%), from €63,390 to €72,550
- Accrued charges and deferred income -€6,693
down €6,693 (-70.9%), from €9,446 to €2,753
- Other debts +€5,163
up €5,163 (+79.1%), from €6,525 to €11,687
- Gross operating margin -€35,273
down €35,273, from €26,027 to -€9,246
- Other operating charges +€2,454
up €2,454 (+571.1%), from €430 to €2,883
- Write-downs -€615
down €615, from €256 to -€359
- Financial charges +€406
up €406 (+8.7%), from €4,663 to €5,069
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 | €82,235 | €87,306 | +€5,071 | +6.2% |
| Fixed assets | 21/28 | €5,913 | €584 | -€5,328 | -90.1% |
| Tangible fixed assets | 22/27 | €913 | €584 | -€328 | -36.0% |
| Plant, machinery and equipment | 23 | €913 | €584 | -€328 | -36.0% |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €76,322 | €86,721 | +€10,399 | +13.6% |
| Stocks and contracts in progress | 3 | €12,987 | €30,310 | +€17,323 | +133.4% |
| Stocks | 30/36 | €12,987 | €30,310 | +€17,323 | +133.4% |
| Amounts receivable within one year | 40/41 | €60,896 | €50,701 | -€10,194 | -16.7% |
| Trade receivables | 40 | €60,896 | €50,701 | -€10,194 | -16.7% |
| Cash at bank and in hand | 54/58 | €1,567 | €4,205 | +€2,639 | +168.5% |
| Deferred charges and accrued income | 490/1 | €872 | €1,504 | +€632 | +72.5% |
| Total equity and liabilities | 10/49 | €82,235 | €87,306 | +€5,071 | +6.2% |
| Equity | 10/15 | -€45,712 | -€62,845 | -€17,132 | -37.5% |
| Contributions | 10/11 | €52,440 | €52,440 | = | 0.0% |
| Reserves | 13 | €607 | €607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €607 | €607 | = | 0.0% |
| Reserves not available under the articles | 1311 | €607 | €607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,760 | -€115,892 | -€17,132 | -17.3% |
| Amounts payable | 17/49 | €127,947 | €150,150 | +€22,203 | +17.4% |
| Amounts payable within one year | 42/48 | €118,500 | €147,397 | +€28,897 | +24.4% |
| Financial debts | 43 | €32,505 | €43,046 | +€10,540 | +32.4% |
| Credit institutions | 430/8 | €32,505 | €43,046 | +€10,540 | +32.4% |
| Trade debts | 44 | €63,390 | €72,550 | +€9,160 | +14.5% |
| Suppliers | 440/4 | €63,390 | €72,550 | +€9,160 | +14.5% |
| Advances received on contracts in progress | 46 | €49 | - | -€49 | |
| Taxes, remuneration and social security | 45 | €16,031 | €20,115 | +€4,084 | +25.5% |
| Taxes | 450/3 | €16,031 | €18,715 | +€2,684 | +16.7% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €6,525 | €11,687 | +€5,163 | +79.1% |
| Accrued charges and deferred income | 492/3 | €9,446 | €2,753 | -€6,693 | -70.9% |
| Non-recurring operating income | 76A | - | €3,250 | +€3,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335 | €328 | -€7 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €256 | -€359 | -€615 | |
| Other operating charges | 640/8 | €430 | €2,883 | +€2,454 | +571.1% |
| Gross operating margin | 9900 | €26,027 | -€9,246 | -€35,273 | |
| Operating profit (loss) | 9901 | €25,006 | -€12,099 | -€37,105 | |
| Financial income | 75/76B | €6 | €36 | +€30 | +482.7% |
| Recurring financial income | 75 | €6 | €36 | +€30 | +482.7% |
| Financial charges | 65/66B | €4,663 | €5,069 | +€406 | +8.7% |
| Recurring financial charges | 65 | €4,663 | €5,069 | +€406 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €20,349 | -€17,132 | -€37,482 | |
| Profit (loss) for the period | 9904 | €20,349 | -€17,132 | -€37,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,349 | -€17,132 | -€37,482 |
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 7 October 2026 via checked.be.