Have a roll: 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.
Have a roll
Largest movements
- Tangible fixed assets +€189,158
up €189,158 (+17.9%), from €1.1m to €1.2m
of which Other tangible fixed assets: +€118,948
- Cash +€173,139
up €173,139 (+214%), from €81,049 to €254,188
mainly Net result for the year (+€395,947) and Receivables within one year (+€119,548)
- Receivables within one year -€119,548
down €119,548 (-36.1%), from €331,610 to €212,061
of which Other amounts receivable: -€117,476
- Stocks and contracts +€67,001
up €67,001 (+152%), from €44,087 to €111,088
- Reserves +€314,947
up €314,947 (+60.0%), from €524,804 to €839,751
- Trade debts -€101,698
down €101,698 (-74.4%), from €136,648 to €34,949
- Tax, wage and social debts +€54,654
up €54,654 (+41.2%), from €132,715 to €187,369
of which Remuneration and social security: +€68,835
- Other debts +€46,826
up €46,826 (+151%), from €31,000 to €77,826
- Debts after one year -€26,251
down €26,251 (-3.9%), from €681,016 to €654,766
- Gross operating margin +€586,835
up €586,835 (+89.2%), from €658,070 to €1.2m
- Staff costs +€330,053
up €330,053 (+141%), from €234,420 to €564,473
- Taxes +€68,140
up €68,140 (+124%), from €55,008 to €123,148
- Depreciation +€50,666
up €50,666 (+75.5%), from €67,124 to €117,790
- Financial charges -€19,304
down €19,304 (-33.5%), from €57,584 to €38,281
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 | €1,555,928 | €1,866,855 | +€310,927 | +20.0% |
| Fixed assets | 21/28 | €1,082,957 | €1,283,734 | +€200,777 | +18.5% |
| Intangible fixed assets | 21 | - | €6,619 | +€6,619 | |
| Tangible fixed assets | 22/27 | €1,054,377 | €1,243,535 | +€189,158 | +17.9% |
| Land and buildings | 22 | €822,728 | €791,456 | -€31,272 | -3.8% |
| Plant, machinery and equipment | 23 | €173,906 | €243,278 | +€69,372 | +39.9% |
| Furniture and vehicles | 24 | €32,505 | €64,614 | +€32,109 | +98.8% |
| Other tangible fixed assets | 26 | €25,238 | €144,187 | +€118,948 | +471% |
| Financial fixed assets | 28 | €28,580 | €33,580 | +€5,000 | +17.5% |
| Current assets | 29/58 | €472,971 | €583,122 | +€110,150 | +23.3% |
| Stocks and contracts in progress | 3 | €44,087 | €111,088 | +€67,001 | +152% |
| Stocks | 30/36 | €44,087 | €111,088 | +€67,001 | +152% |
| Amounts receivable within one year | 40/41 | €331,610 | €212,061 | -€119,548 | -36.1% |
| Trade receivables | 40 | €94,213 | €92,141 | -€2,072 | -2.2% |
| Other amounts receivable | 41 | €237,397 | €119,921 | -€117,476 | -49.5% |
| Cash at bank and in hand | 54/58 | €81,049 | €254,188 | +€173,139 | +214% |
| Deferred charges and accrued income | 490/1 | €16,225 | €5,784 | -€10,441 | -64.4% |
| Total equity and liabilities | 10/49 | €1,555,928 | €1,866,855 | +€310,927 | +20.0% |
| Equity | 10/15 | €525,804 | €840,751 | +€314,947 | +59.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €524,804 | €839,751 | +€314,947 | +60.0% |
| Distributable reserves | 133 | €524,804 | €839,751 | +€314,947 | +60.0% |
| Amounts payable | 17/49 | €1,030,124 | €1,026,104 | -€4,020 | -0.4% |
| Amounts payable after more than one year | 17 | €681,016 | €654,766 | -€26,251 | -3.9% |
| Financial debts | 170/4 | €681,016 | €654,766 | -€26,251 | -3.9% |
| Amounts payable within one year | 42/48 | €345,847 | €371,338 | +€25,491 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €45,484 | €56,022 | +€10,538 | +23.2% |
| Financial debts | 43 | - | €15,171 | +€15,171 | |
| Credit institutions | 430/8 | - | €15,171 | +€15,171 | |
| Trade debts | 44 | €136,648 | €34,949 | -€101,698 | -74.4% |
| Suppliers | 440/4 | €136,648 | €34,949 | -€101,698 | -74.4% |
| Taxes, remuneration and social security | 45 | €132,715 | €187,369 | +€54,654 | +41.2% |
| Taxes | 450/3 | €117,738 | €103,557 | -€14,180 | -12.0% |
| Remuneration and social security | 454/9 | €14,977 | €83,812 | +€68,835 | +460% |
| Other amounts payable | 47/48 | €31,000 | €77,826 | +€46,826 | +151% |
| Accrued charges and deferred income | 492/3 | €3,261 | - | -€3,261 | |
| Remuneration, social security and pensions | 62 | €234,420 | €564,473 | +€330,053 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,124 | €117,790 | +€50,666 | +75.5% |
| Other operating charges | 640/8 | €10,357 | €5,901 | -€4,456 | -43.0% |
| Gross operating margin | 9900 | €658,070 | €1,244,905 | +€586,835 | +89.2% |
| Operating profit (loss) | 9901 | €346,170 | €556,742 | +€210,572 | +60.8% |
| Financial income | 75/76B | €2,495 | €634 | -€1,861 | -74.6% |
| Recurring financial income | 75 | €2,495 | €634 | -€1,861 | -74.6% |
| Financial charges | 65/66B | €57,584 | €38,281 | -€19,304 | -33.5% |
| Recurring financial charges | 65 | €57,584 | €38,281 | -€19,304 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €291,081 | €519,095 | +€228,015 | +78.3% |
| Income taxes | 67/77 | €55,008 | €123,148 | +€68,140 | +124% |
| Profit (loss) for the period | 9904 | €236,073 | €395,947 | +€159,875 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €236,073 | €395,947 | +€159,875 | +67.7% |
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 26 October 2026 via checked.be.