IN DE KAMP: 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.
IN DE KAMP
Largest movements
- Receivables within one year +€32,097
up €32,097 (+6.5%), from €493,920 to €526,017
of which Other amounts receivable: +€33,147
- Tangible fixed assets -€22,159
down €22,159 (-3.5%), from €634,795 to €612,636
of which Land and buildings: -€23,416
- Accrued charges and deferred income -€54,561
down €54,561 (-100%), from €54,561 to €0
- Profit (loss) carried forward +€46,707
up €46,707 (+94.4%), from -€49,457 to -€2,751
- Tax, wage and social debts +€29,470
up €29,470 (+308%), from €9,579 to €39,049
- Debts after one year -€25,142
down €25,142 (-30.5%), from €82,376 to €57,234
of which Financial debts: -€25,142
- Taxes +€21,755
up €21,755 (+2,136%), from €1,018 to €22,774
- Gross operating margin -€9,957
down €9,957 (-8.3%), from €120,468 to €110,511
- Other operating charges -€4,018
down €4,018 (-43.0%), from €9,339 to €5,322
- Financial charges -€3,278
down €3,278 (-25.3%), from €12,931 to €9,654
- Depreciation +€1,837
up €1,837 (+7.6%), from €24,258 to €26,094
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 | €1,141,217 | €1,149,264 | +€8,046 | +0.7% |
| Fixed assets | 21/28 | €634,920 | €612,761 | -€22,159 | -3.5% |
| Tangible fixed assets | 22/27 | €634,795 | €612,636 | -€22,159 | -3.5% |
| Land and buildings | 22 | €630,768 | €607,351 | -€23,416 | -3.7% |
| Plant, machinery and equipment | 23 | €12 | €1,991 | +€1,979 | +16,284% |
| Furniture and vehicles | 24 | €2,802 | €2,080 | -€722 | -25.8% |
| Other tangible fixed assets | 26 | €1,214 | €1,214 | = | 0.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €506,297 | €536,503 | +€30,206 | +6.0% |
| Amounts receivable within one year | 40/41 | €493,920 | €526,017 | +€32,097 | +6.5% |
| Trade receivables | 40 | €365,343 | €364,293 | -€1,050 | -0.3% |
| Other amounts receivable | 41 | €128,578 | €161,725 | +€33,147 | +25.8% |
| Cash at bank and in hand | 54/58 | €7,057 | €5,315 | -€1,741 | -24.7% |
| Deferred charges and accrued income | 490/1 | €5,320 | €5,170 | -€150 | -2.8% |
| Total equity and liabilities | 10/49 | €1,141,217 | €1,149,264 | +€8,046 | +0.7% |
| Equity | 10/15 | €795,272 | €841,979 | +€46,707 | +5.9% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €419,730 | €419,730 | = | 0.0% |
| Non-distributable reserves | 130/1 | €625 | €625 | = | 0.0% |
| Reserves not available under the articles | 1311 | €625 | €625 | = | 0.0% |
| Tax-exempt reserves | 132 | €419,105 | €419,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,457 | -€2,751 | +€46,707 | +94.4% |
| Provisions and deferred taxes | 16 | €139,702 | €139,702 | = | 0.0% |
| Deferred taxes | 168 | €139,702 | €139,702 | = | 0.0% |
| Amounts payable | 17/49 | €206,243 | €167,583 | -€38,660 | -18.7% |
| Amounts payable after more than one year | 17 | €82,376 | €57,234 | -€25,142 | -30.5% |
| Financial debts | 170/4 | €82,376 | €57,234 | -€25,142 | -30.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €69,306 | €110,349 | +€41,043 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €24,529 | €26,257 | +€1,728 | +7.0% |
| Financial debts | 43 | €4,158 | €4,146 | -€12 | -0.3% |
| Credit institutions | 430/8 | €4,158 | €4,146 | -€12 | -0.3% |
| Trade debts | 44 | €2,717 | €8,211 | +€5,495 | +202% |
| Suppliers | 440/4 | €2,717 | €8,211 | +€5,495 | +202% |
| Taxes, remuneration and social security | 45 | €9,579 | €39,049 | +€29,470 | +308% |
| Taxes | 450/3 | €9,579 | €39,049 | +€29,470 | +308% |
| Other amounts payable | 47/48 | €28,323 | €32,686 | +€4,363 | +15.4% |
| Accrued charges and deferred income | 492/3 | €54,561 | €0 | -€54,561 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,258 | €26,094 | +€1,837 | +7.6% |
| Other operating charges | 640/8 | €9,339 | €5,322 | -€4,018 | -43.0% |
| Gross operating margin | 9900 | €120,468 | €110,511 | -€9,957 | -8.3% |
| Operating profit (loss) | 9901 | €86,871 | €79,095 | -€7,776 | -9.0% |
| Financial income | 75/76B | €1,033 | €39 | -€995 | -96.2% |
| Recurring financial income | 75 | €1,033 | €39 | -€995 | -96.2% |
| Financial charges | 65/66B | €12,931 | €9,654 | -€3,278 | -25.3% |
| Recurring financial charges | 65 | €12,931 | €9,654 | -€3,278 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €74,974 | €69,481 | -€5,493 | -7.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,018 | €22,774 | +€21,755 | +2,136% |
| Profit (loss) for the period | 9904 | €73,955 | €46,707 | -€27,249 | -36.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €73,955 | €46,707 | -€27,249 | -36.8% |
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 24 October 2026 via checked.be.