I KNOW THAT'S RIGHT: what changed
I KNOW THAT'S RIGHT
Largest movements
- Cash +€88,839
up €88,839 (+228%), from €38,996 to €127,835
mainly Receivables within one year (+€65,971) and Net result for the year (+€31,655)
- Receivables within one year -€65,971
down €65,971 (-52.1%), from €126,684 to €60,713
of which Other amounts receivable: -€57,649
- Tangible fixed assets -€15,837
down €15,837 (-27.0%), from €58,745 to €42,908
of which Leasing and similar rights: -€8,489
- Debts after one year -€41,767
down €41,767 (-90.7%), from €46,072 to €4,306
- Reserves +€31,655
up €31,655 (+25.7%), from €123,050 to €154,705
- Other debts +€20,984
up €20,984 (+200%), from €10,510 to €31,493
- Trade debts -€3,589
down €3,589 (-67.0%), from €5,358 to €1,769
- Gross operating margin +€26,131
up €26,131 (+69.8%), from €37,434 to €63,565
- Taxes +€7,494
up €7,494 (+168%), from €4,473 to €11,968
- Financial charges -€2,639
down €2,639 (-52.9%), from €4,990 to €2,351
- Depreciation +€2,093
up €2,093 (+15.3%), from €13,701 to €15,793
- Other operating charges -€882
down €882 (-32.9%), from €2,680 to €1,798
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,425 | €231,753 | +€7,328 | +3.3% |
| Fixed assets | 21/28 | €58,745 | €42,908 | -€15,837 | -27.0% |
| Tangible fixed assets | 22/27 | €58,745 | €42,908 | -€15,837 | -27.0% |
| Plant, machinery and equipment | 23 | €29,862 | €22,558 | -€7,304 | -24.5% |
| Furniture and vehicles | 24 | €44 | €0 | -€44 | -100% |
| Leasing and similar rights | 25 | €28,839 | €20,350 | -€8,489 | -29.4% |
| Current assets | 29/58 | €165,680 | €188,845 | +€23,165 | +14.0% |
| Amounts receivable within one year | 40/41 | €126,684 | €60,713 | -€65,971 | -52.1% |
| Trade receivables | 40 | €68,180 | €59,858 | -€8,322 | -12.2% |
| Other amounts receivable | 41 | €58,504 | €855 | -€57,649 | -98.5% |
| Cash at bank and in hand | 54/58 | €38,996 | €127,835 | +€88,839 | +228% |
| Deferred charges and accrued income | 490/1 | - | €297 | +€297 | |
| Total equity and liabilities | 10/49 | €224,425 | €231,753 | +€7,328 | +3.3% |
| Equity | 10/15 | €129,329 | €160,984 | +€31,655 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,050 | €154,705 | +€31,655 | +25.7% |
| Distributable reserves | 133 | €123,050 | €154,705 | +€31,655 | +25.7% |
| Profit (loss) carried forward | 14 | €79 | €79 | +€0 | +0.6% |
| Amounts payable | 17/49 | €95,096 | €70,769 | -€24,327 | -25.6% |
| Amounts payable after more than one year | 17 | €46,072 | €4,306 | -€41,767 | -90.7% |
| Financial debts | 170/4 | €46,072 | €4,306 | -€41,767 | -90.7% |
| Amounts payable within one year | 42/48 | €49,024 | €66,463 | +€17,439 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €18,980 | €17,767 | -€1,213 | -6.4% |
| Trade debts | 44 | €5,358 | €1,769 | -€3,589 | -67.0% |
| Suppliers | 440/4 | €5,358 | €1,769 | -€3,589 | -67.0% |
| Taxes, remuneration and social security | 45 | €14,176 | €15,435 | +€1,258 | +8.9% |
| Taxes | 450/3 | €14,176 | €15,435 | +€1,258 | +8.9% |
| Other amounts payable | 47/48 | €10,510 | €31,493 | +€20,984 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,701 | €15,793 | +€2,093 | +15.3% |
| Other operating charges | 640/8 | €2,680 | €1,798 | -€882 | -32.9% |
| Gross operating margin | 9900 | €37,434 | €63,565 | +€26,131 | +69.8% |
| Operating profit (loss) | 9901 | €21,054 | €45,974 | +€24,920 | +118% |
| Financial charges | 65/66B | €4,990 | €2,351 | -€2,639 | -52.9% |
| Recurring financial charges | 65 | €4,990 | €2,351 | -€2,639 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €16,064 | €43,623 | +€27,559 | +172% |
| Income taxes | 67/77 | €4,473 | €11,968 | +€7,494 | +168% |
| Profit (loss) for the period | 9904 | €11,590 | €31,655 | +€20,065 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €11,590 | €31,655 | +€20,065 | +173% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.