IN LIVE: 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 LIVE
Largest movements
- Receivables within one year +€33,910
up €33,910 (+75.2%), from €45,087 to €78,997
of which Trade receivables: +€29,165
- Cash -€18,853
down €18,853 (-62.7%), from €30,052 to €11,199
mainly Receivables within one year (-€33,910) and Investment in fixed assets (net) (-€25,437)
- Tangible fixed assets +€8,320
up €8,320 (+15.9%), from €52,241 to €60,561
of which Furniture and vehicles: +€4,454
- Tax, wage and social debts +€33,492
up €33,492 (+158%), from €21,159 to €54,651
of which Taxes: +€24,235
- Reserves -€16,121
down €16,121 (-48.9%), from €32,981 to €16,860
of which Distributable reserves: -€16,121
- Other debts +€15,073
up €15,073 (+1,526%), from €988 to €16,061
- Profit (loss) carried forward -€5,690
down €5,690 (-73.2%), from -€7,774 to -€13,464
- Current portion of long-term debt -€4,697
down €4,697 (-33.3%), from €14,103 to €9,406
- Staff costs +€23,223
up €23,223 (+75.1%), from €30,913 to €54,136
- Gross operating margin +€16,854
up €16,854 (+26.2%), from €64,290 to €81,145
- Depreciation -€4,080
down €4,080 (-19.2%), from €21,197 to €17,117
- Other operating charges +€2,884
up €2,884 (+149%), from €1,935 to €4,818
- Financial charges +€2,796
up €2,796 (+103%), from €2,710 to €5,506
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 | €131,299 | €154,479 | +€23,180 | +17.7% |
| Fixed assets | 21/28 | €52,241 | €60,561 | +€8,320 | +15.9% |
| Tangible fixed assets | 22/27 | €52,241 | €60,561 | +€8,320 | +15.9% |
| Land and buildings | 22 | €26,489 | €29,418 | +€2,929 | +11.1% |
| Plant, machinery and equipment | 23 | - | €938 | +€938 | |
| Furniture and vehicles | 24 | €25,752 | €30,206 | +€4,454 | +17.3% |
| Current assets | 29/58 | €79,058 | €93,918 | +€14,860 | +18.8% |
| Amounts receivable within one year | 40/41 | €45,087 | €78,997 | +€33,910 | +75.2% |
| Trade receivables | 40 | €45,087 | €74,252 | +€29,165 | +64.7% |
| Other amounts receivable | 41 | - | €4,745 | +€4,745 | |
| Cash at bank and in hand | 54/58 | €30,052 | €11,199 | -€18,853 | -62.7% |
| Deferred charges and accrued income | 490/1 | €3,919 | €3,722 | -€197 | -5.0% |
| Total equity and liabilities | 10/49 | €131,299 | €154,479 | +€23,180 | +17.7% |
| Equity | 10/15 | €43,807 | €21,996 | -€21,811 | -49.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,981 | €16,860 | -€16,121 | -48.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,121 | €15,000 | -€16,121 | -51.8% |
| Profit (loss) carried forward | 14 | -€7,774 | -€13,464 | -€5,690 | -73.2% |
| Amounts payable | 17/49 | €87,492 | €132,483 | +€44,991 | +51.4% |
| Amounts payable after more than one year | 17 | €16,424 | €18,410 | +€1,986 | +12.1% |
| Financial debts | 170/4 | €16,424 | €18,410 | +€1,986 | +12.1% |
| Amounts payable within one year | 42/48 | €70,872 | €112,033 | +€41,161 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €14,103 | €9,406 | -€4,697 | -33.3% |
| Trade debts | 44 | €34,622 | €31,915 | -€2,707 | -7.8% |
| Suppliers | 440/4 | €34,622 | €31,915 | -€2,707 | -7.8% |
| Taxes, remuneration and social security | 45 | €21,159 | €54,651 | +€33,492 | +158% |
| Taxes | 450/3 | €16,136 | €40,370 | +€24,235 | +150% |
| Remuneration and social security | 454/9 | €5,024 | €14,281 | +€9,257 | +184% |
| Other amounts payable | 47/48 | €988 | €16,061 | +€15,073 | +1,526% |
| Accrued charges and deferred income | 492/3 | €196 | €2,040 | +€1,844 | +940% |
| Remuneration, social security and pensions | 62 | €30,913 | €54,136 | +€23,223 | +75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,197 | €17,117 | -€4,080 | -19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,394 | €4,533 | +€139 | +3.2% |
| Other operating charges | 640/8 | €1,935 | €4,818 | +€2,884 | +149% |
| Non-recurring operating charges | 66A | €150 | - | -€150 | |
| Gross operating margin | 9900 | €64,290 | €81,145 | +€16,854 | +26.2% |
| Operating profit (loss) | 9901 | €5,702 | €541 | -€5,161 | -90.5% |
| Financial income | 75/76B | €2 | €3 | +€1 | +89.2% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +89.2% |
| Financial charges | 65/66B | €2,710 | €5,506 | +€2,796 | +103% |
| Recurring financial charges | 65 | €2,710 | €5,506 | +€2,796 | +103% |
| Profit (loss) for the period before taxes | 9903 | €2,994 | -€4,962 | -€7,956 | |
| Income taxes | 67/77 | €2,847 | €728 | -€2,119 | -74.4% |
| Profit (loss) for the period | 9904 | €147 | -€5,690 | -€5,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €147 | -€5,690 | -€5,837 |
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 20 October 2026 via checked.be.