IN & OUT CONCEPTS: 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 & OUT CONCEPTS
Largest movements
- Current investments -€175,000
down €175,000 (-100%), from €175,000 to €0
- Cash +€124,965
up €124,965 (+69.3%), from €180,426 to €305,391
mainly Current investments (+€175,000) and Depreciation (+€62,108)
- Tangible fixed assets -€25,330
down €25,330 (-12.4%), from €203,946 to €178,616
of which Plant, machinery and equipment: -€16,568
- Accrued charges and deferred income -€22,670
down €22,670 (-28.7%), from €79,050 to €56,380
- Tax, wage and social debts -€22,662
down €22,662 (-33.1%), from €68,527 to €45,866
of which Taxes: -€28,448
- Debts after one year -€17,948
down €17,948 (-53.2%), from €33,729 to €15,781
- Profit (loss) carried forward -€16,647
down €16,647 (-9.5%), from €175,085 to €158,438
- Gross operating margin -€55,549
down €55,549 (-20.5%), from €271,232 to €215,683
- Depreciation -€34,712
down €34,712 (-35.9%), from €96,820 to €62,108
- Other operating charges +€12,701
up €12,701 (+583%), from €2,177 to €14,878
- Taxes -€11,690
down €11,690 (-43.4%), from €26,960 to €15,270
- Staff costs +€8,934
up €8,934 (+11.2%), from €79,633 to €88,567
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 | €652,478 | €566,733 | -€85,745 | -13.1% |
| Fixed assets | 21/28 | €205,723 | €178,740 | -€26,984 | -13.1% |
| Intangible fixed assets | 21 | €1,654 | €0 | -€1,654 | -100% |
| Tangible fixed assets | 22/27 | €203,946 | €178,616 | -€25,330 | -12.4% |
| Land and buildings | 22 | €34,820 | €21,785 | -€13,035 | -37.4% |
| Plant, machinery and equipment | 23 | €100,587 | €84,019 | -€16,568 | -16.5% |
| Furniture and vehicles | 24 | €47,711 | €56,954 | +€9,243 | +19.4% |
| Other tangible fixed assets | 26 | €20,827 | €15,858 | -€4,969 | -23.9% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €446,754 | €387,994 | -€58,761 | -13.2% |
| Stocks and contracts in progress | 3 | €13,902 | €10,691 | -€3,211 | -23.1% |
| Stocks | 30/36 | €13,902 | €10,691 | -€3,211 | -23.1% |
| Amounts receivable within one year | 40/41 | €63,052 | €63,442 | +€390 | +0.6% |
| Trade receivables | 40 | €63,052 | €55,174 | -€7,878 | -12.5% |
| Other amounts receivable | 41 | - | €8,268 | +€8,268 | |
| Current investments | 50/53 | €175,000 | €0 | -€175,000 | -100% |
| Cash at bank and in hand | 54/58 | €180,426 | €305,391 | +€124,965 | +69.3% |
| Deferred charges and accrued income | 490/1 | €14,375 | €8,471 | -€5,904 | -41.1% |
| Total equity and liabilities | 10/49 | €652,478 | €566,733 | -€85,745 | -13.1% |
| Equity | 10/15 | €364,934 | €348,287 | -€16,647 | -4.6% |
| Contributions | 10/11 | €89,600 | €89,600 | = | 0.0% |
| Reserves | 13 | €100,249 | €100,249 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €100,249 | €100,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,085 | €158,438 | -€16,647 | -9.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €287,544 | €218,446 | -€69,098 | -24.0% |
| Amounts payable after more than one year | 17 | €33,729 | €15,781 | -€17,948 | -53.2% |
| Financial debts | 170/4 | €33,729 | €15,781 | -€17,948 | -53.2% |
| Amounts payable within one year | 42/48 | €174,766 | €146,286 | -€28,480 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €21,411 | €17,948 | -€3,464 | -16.2% |
| Trade debts | 44 | €26,734 | €25,180 | -€1,554 | -5.8% |
| Suppliers | 440/4 | €26,734 | €25,180 | -€1,554 | -5.8% |
| Taxes, remuneration and social security | 45 | €68,527 | €45,866 | -€22,662 | -33.1% |
| Taxes | 450/3 | €60,045 | €31,596 | -€28,448 | -47.4% |
| Remuneration and social security | 454/9 | €8,483 | €14,269 | +€5,787 | +68.2% |
| Other amounts payable | 47/48 | €58,093 | €57,292 | -€801 | -1.4% |
| Accrued charges and deferred income | 492/3 | €79,050 | €56,380 | -€22,670 | -28.7% |
| Remuneration, social security and pensions | 62 | €79,633 | €88,567 | +€8,934 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,820 | €62,108 | -€34,712 | -35.9% |
| Other operating charges | 640/8 | €2,177 | €14,878 | +€12,701 | +583% |
| Gross operating margin | 9900 | €271,232 | €215,683 | -€55,549 | -20.5% |
| Operating profit (loss) | 9901 | €92,601 | €50,129 | -€42,472 | -45.9% |
| Financial income | 75/76B | €2,089 | €10,602 | +€8,512 | +407% |
| Recurring financial income | 75 | €2,089 | €10,602 | +€8,512 | +407% |
| Financial charges | 65/66B | €5,202 | €5,108 | -€94 | -1.8% |
| Recurring financial charges | 65 | €5,202 | €5,108 | -€94 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €89,489 | €55,623 | -€33,866 | -37.8% |
| Transfer from deferred taxes | 780 | €337 | €0 | -€337 | -100% |
| Income taxes | 67/77 | €26,960 | €15,270 | -€11,690 | -43.4% |
| Profit (loss) for the period | 9904 | €62,865 | €40,353 | -€22,512 | -35.8% |
| Transfer from tax-exempt reserves | 789 | €653 | €0 | -€653 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €63,519 | €40,353 | -€23,165 | -36.5% |
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 1 November 2026 via checked.be.