Identic: 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.
Identic
Largest movements
- Tangible fixed assets +€238,728
up €238,728 (+34.8%), from €685,469 to €924,197
of which Furniture and vehicles: +€146,667
- Cash -€199,709
down €199,709 (-30.8%), from €647,935 to €448,227
mainly Investment in fixed assets (net) (-€516,095) and Contributions, distributions and other (-€300,000)
- Receivables within one year +€83,255
up €83,255 (+7.2%), from €1.2m to €1.2m
of which Trade receivables: +€82,607
- Intangible fixed assets +€58,039
up €58,039 (+390.2%), from €14,873 to €72,913
- Deferred charges and accrued income -€41,768
down €41,768 (-75.4%), from €55,404 to €13,636
- Debts after one year +€117,301
up €117,301 (+27.4%), from €428,145 to €545,446
- Tax, wage and social debts -€64,723
down €64,723 (-22.5%), from €287,553 to €222,829
of which Taxes: -€70,625
- Other debts +€48,651
up €48,651 (+13.3%), from €365,463 to €414,114
- Current portion of long-term debt +€38,279
up €38,279 (+24.7%), from €154,949 to €193,228
- Staff costs +€104,542
up €104,542 (+9.8%), from €1.1m to €1.2m
- Depreciation +€65,678
up €65,678 (+44.0%), from €149,150 to €214,828
- Gross operating margin +€44,457
up €44,457 (+2.5%), from €1.8m to €1.8m
- Taxes -€39,662
down €39,662 (-38.2%), from €103,955 to €64,293
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 | €2,621,767 | €2,790,298 | +€168,531 | +6.4% |
| Fixed assets | 21/28 | €705,627 | €1,006,895 | +€301,268 | +42.7% |
| Intangible fixed assets | 21 | €14,873 | €72,913 | +€58,039 | +390.2% |
| Tangible fixed assets | 22/27 | €685,469 | €924,197 | +€238,728 | +34.8% |
| Plant, machinery and equipment | 23 | €396,001 | €481,261 | +€85,260 | +21.5% |
| Furniture and vehicles | 24 | €158,857 | €305,524 | +€146,667 | +92.3% |
| Leasing and similar rights | 25 | €130,610 | €137,412 | +€6,801 | +5.2% |
| Financial fixed assets | 28 | €5,285 | €9,785 | +€4,500 | +85.1% |
| Current assets | 29/58 | €1,916,139 | €1,783,403 | -€132,737 | -6.9% |
| Stocks and contracts in progress | 3 | €46,163 | €71,639 | +€25,476 | +55.2% |
| Stocks | 30/36 | €46,163 | €71,639 | +€25,476 | +55.2% |
| Amounts receivable within one year | 40/41 | €1,161,451 | €1,244,706 | +€83,255 | +7.2% |
| Trade receivables | 40 | €1,161,451 | €1,244,058 | +€82,607 | +7.1% |
| Other amounts receivable | 41 | - | €649 | +€649 | |
| Current investments | 50/53 | €5,186 | €5,194 | +€9 | +0.2% |
| Cash at bank and in hand | 54/58 | €647,935 | €448,227 | -€199,709 | -30.8% |
| Deferred charges and accrued income | 490/1 | €55,404 | €13,636 | -€41,768 | -75.4% |
| Total equity and liabilities | 10/49 | €2,621,767 | €2,790,298 | +€168,531 | +6.4% |
| Equity | 10/15 | €591,097 | €606,605 | +€15,508 | +2.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €541,097 | €556,605 | +€15,508 | +2.9% |
| Distributable reserves | 133 | €541,097 | €556,605 | +€15,508 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,000,670 | €2,153,693 | +€153,023 | +7.6% |
| Amounts payable after more than one year | 17 | €428,145 | €545,446 | +€117,301 | +27.4% |
| Financial debts | 170/4 | €428,145 | €545,446 | +€117,301 | +27.4% |
| Amounts payable within one year | 42/48 | €1,565,053 | €1,597,551 | +€32,498 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €154,949 | €193,228 | +€38,279 | +24.7% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €677,088 | €687,380 | +€10,291 | +1.5% |
| Suppliers | 440/4 | €677,088 | €687,380 | +€10,291 | +1.5% |
| Taxes, remuneration and social security | 45 | €287,553 | €222,829 | -€64,723 | -22.5% |
| Taxes | 450/3 | €178,860 | €108,235 | -€70,625 | -39.5% |
| Remuneration and social security | 454/9 | €108,693 | €114,595 | +€5,902 | +5.4% |
| Other amounts payable | 47/48 | €365,463 | €414,114 | +€48,651 | +13.3% |
| Accrued charges and deferred income | 492/3 | €7,472 | €10,696 | +€3,224 | +43.1% |
| Remuneration, social security and pensions | 62 | €1,069,868 | €1,174,410 | +€104,542 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,150 | €214,828 | +€65,678 | +44.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €26,360 | €16,660 | -€9,700 | -36.8% |
| Non-recurring operating charges | 66A | €149 | €0 | -€149 | -100.0% |
| Gross operating margin | 9900 | €1,787,597 | €1,832,054 | +€44,457 | +2.5% |
| Operating profit (loss) | 9901 | €542,071 | €426,156 | -€115,914 | -21.4% |
| Financial income | 75/76B | €6,638 | €617 | -€6,021 | -90.7% |
| Recurring financial income | 75 | €6,638 | €617 | -€6,021 | -90.7% |
| Financial charges | 65/66B | €43,866 | €46,972 | +€3,106 | +7.1% |
| Recurring financial charges | 65 | €43,866 | €46,972 | +€3,106 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €504,842 | €379,801 | -€125,042 | -24.8% |
| Income taxes | 67/77 | €103,955 | €64,293 | -€39,662 | -38.2% |
| Profit (loss) for the period | 9904 | €400,888 | €315,508 | -€85,380 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €400,888 | €315,508 | -€85,380 | -21.3% |
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 2 October 2026 via checked.be.