HOMEWORKS: 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.
HOMEWORKS
Largest movements
- Receivables within one year +€128,188
up €128,188 (+9.2%), from €1.4m to €1.5m
of which Trade receivables: +€72,501
- Cash -€31,575
down €31,575 (-17.3%), from €182,328 to €150,753
mainly Receivables within one year (-€128,188) and Debts after one year (-€32,400)
- Tangible fixed assets -€19,681
down €19,681 (-9.4%), from €210,403 to €190,722
of which Land and buildings: -€16,814
- Profit (loss) carried forward +€100,392
up €100,392 (+11.8%), from €851,751 to €952,143
- Debts after one year -€32,400
down €32,400 (-35.0%), from €92,472 to €60,072
- Trade debts +€25,432
up €25,432 (+30.9%), from €82,370 to €107,803
- Tax, wage and social debts -€19,841
down €19,841 (-23.7%), from €83,844 to €64,004
- Gross operating margin -€18,952
down €18,952 (-10.8%), from €175,003 to €156,051
- Depreciation -€7,490
down €7,490 (-27.0%), from €27,722 to €20,232
- Taxes -€6,213
down €6,213 (-17.7%), from €35,109 to €28,896
- Other operating charges -€5,823
down €5,823 (-85.8%), from €6,788 to €965
- Financial income -€2,473
down €2,473 (-99.9%), from €2,475 to €2
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 | €1,789,495 | €1,865,851 | +€76,356 | +4.3% |
| Fixed assets | 21/28 | €214,262 | €194,030 | -€20,232 | -9.4% |
| Intangible fixed assets | 21 | €1,608 | €1,058 | -€551 | -34.2% |
| Tangible fixed assets | 22/27 | €210,403 | €190,722 | -€19,681 | -9.4% |
| Land and buildings | 22 | €200,815 | €184,001 | -€16,814 | -8.4% |
| Plant, machinery and equipment | 23 | €1,565 | - | -€1,565 | |
| Furniture and vehicles | 24 | €8,023 | €6,721 | -€1,302 | -16.2% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €1,575,233 | €1,671,821 | +€96,588 | +6.1% |
| Amounts receivable within one year | 40/41 | €1,392,617 | €1,520,805 | +€128,188 | +9.2% |
| Trade receivables | 40 | €35,978 | €108,479 | +€72,501 | +201.5% |
| Other amounts receivable | 41 | €1,356,639 | €1,412,326 | +€55,687 | +4.1% |
| Current investments | 50/53 | €288 | €263 | -€25 | -8.7% |
| Cash at bank and in hand | 54/58 | €182,328 | €150,753 | -€31,575 | -17.3% |
| Total equity and liabilities | 10/49 | €1,789,495 | €1,865,851 | +€76,356 | +4.3% |
| Equity | 10/15 | €866,011 | €966,403 | +€100,392 | +11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €851,751 | €952,143 | +€100,392 | +11.8% |
| Amounts payable | 17/49 | €923,484 | €899,448 | -€24,036 | -2.6% |
| Amounts payable after more than one year | 17 | €92,472 | €60,072 | -€32,400 | -35.0% |
| Financial debts | 170/4 | €92,472 | €60,072 | -€32,400 | -35.0% |
| Amounts payable within one year | 42/48 | €791,806 | €800,170 | +€8,364 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €33,520 | €34,575 | +€1,055 | +3.1% |
| Financial debts | 43 | €2,060 | €3,777 | +€1,717 | +83.4% |
| Credit institutions | 430/8 | €2,060 | €3,777 | +€1,717 | +83.4% |
| Trade debts | 44 | €82,370 | €107,803 | +€25,432 | +30.9% |
| Suppliers | 440/4 | €82,370 | €107,803 | +€25,432 | +30.9% |
| Advances received on contracts in progress | 46 | €89,804 | €89,804 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €83,844 | €64,004 | -€19,841 | -23.7% |
| Taxes | 450/3 | €83,844 | €64,004 | -€19,841 | -23.7% |
| Other amounts payable | 47/48 | €500,209 | €500,209 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €39,205 | €39,205 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,722 | €20,232 | -€7,490 | -27.0% |
| Other operating charges | 640/8 | €6,788 | €965 | -€5,823 | -85.8% |
| Gross operating margin | 9900 | €175,003 | €156,051 | -€18,952 | -10.8% |
| Operating profit (loss) | 9901 | €140,493 | €134,854 | -€5,639 | -4.0% |
| Financial income | 75/76B | €2,475 | €2 | -€2,473 | -99.9% |
| Recurring financial income | 75 | €2,475 | €2 | -€2,473 | -99.9% |
| Financial charges | 65/66B | €4,659 | €5,569 | +€909 | +19.5% |
| Recurring financial charges | 65 | €4,659 | €5,569 | +€909 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €138,309 | €129,288 | -€9,021 | -6.5% |
| Income taxes | 67/77 | €35,109 | €28,896 | -€6,213 | -17.7% |
| Profit (loss) for the period | 9904 | €103,200 | €100,392 | -€2,808 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,200 | €100,392 | -€2,808 | -2.7% |
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.