IN SITU CONCEPT: 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 SITU CONCEPT
Largest movements
- Tangible fixed assets +€16,468
up €16,468 (+35.6%), from €46,287 to €62,754
of which Furniture and vehicles: +€23,183
- Cash -€3,907
down €3,907 (-39.7%), from €9,854 to €5,947
mainly Investment in fixed assets (net) (-€38,726) and Contributions, distributions and other (-€8,000)
- Stocks and contracts -€3,783
down €3,783 (-100%), from €3,783 to €0
- Deferred charges and accrued income +€3,175
up €3,175 (+501%), from €634 to €3,809
- Debts after one year +€12,566
up €12,566 (+84.3%), from €14,911 to €27,477
- Other debts -€5,305
down €5,305 (-12.3%), from €43,113 to €37,808
- Current portion of long-term debt +€3,735
up €3,735 (+23.6%), from €15,810 to €19,546
- Trade debts +€2,909
up €2,909 (+52.9%), from €5,499 to €8,408
- Tax, wage and social debts -€2,196
down €2,196 (-49.7%), from €4,421 to €2,225
- Gross operating margin +€9,631
up €9,631 (+37.8%), from €25,447 to €35,079
- Depreciation +€3,576
up €3,576 (+19.1%), from €18,682 to €22,259
- Taxes +€394
up €394 (+43.1%), from €915 to €1,310
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 | €91,387 | €103,536 | +€12,149 | +13.3% |
| Fixed assets | 21/28 | €46,467 | €62,934 | +€16,468 | +35.4% |
| Tangible fixed assets | 22/27 | €46,287 | €62,754 | +€16,468 | +35.6% |
| Plant, machinery and equipment | 23 | €971 | €35 | -€936 | -96.4% |
| Furniture and vehicles | 24 | €31,111 | €54,295 | +€23,183 | +74.5% |
| Leasing and similar rights | 25 | €14,205 | €8,425 | -€5,780 | -40.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €44,921 | €40,602 | -€4,319 | -9.6% |
| Stocks and contracts in progress | 3 | €3,783 | €0 | -€3,783 | -100% |
| Stocks | 30/36 | €3,783 | - | -€3,783 | |
| Amounts receivable within one year | 40/41 | €30,650 | €30,846 | +€196 | +0.6% |
| Trade receivables | 40 | €27,011 | €18,302 | -€8,709 | -32.2% |
| Other amounts receivable | 41 | €3,639 | €12,544 | +€8,905 | +245% |
| Cash at bank and in hand | 54/58 | €9,854 | €5,947 | -€3,907 | -39.7% |
| Deferred charges and accrued income | 490/1 | €634 | €3,809 | +€3,175 | +501% |
| Total equity and liabilities | 10/49 | €91,387 | €103,536 | +€12,149 | +13.3% |
| Equity | 10/15 | €7,633 | €8,072 | +€439 | +5.8% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33 | €472 | +€439 | +1,319% |
| Amounts payable | 17/49 | €83,754 | €95,464 | +€11,710 | +14.0% |
| Amounts payable after more than one year | 17 | €14,911 | €27,477 | +€12,566 | +84.3% |
| Financial debts | 170/4 | €14,911 | €27,477 | +€12,566 | +84.3% |
| Amounts payable within one year | 42/48 | €68,843 | €67,987 | -€856 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €15,810 | €19,546 | +€3,735 | +23.6% |
| Trade debts | 44 | €5,499 | €8,408 | +€2,909 | +52.9% |
| Suppliers | 440/4 | €5,499 | €8,408 | +€2,909 | +52.9% |
| Taxes, remuneration and social security | 45 | €4,421 | €2,225 | -€2,196 | -49.7% |
| Taxes | 450/3 | €4,421 | €2,225 | -€2,196 | -49.7% |
| Other amounts payable | 47/48 | €43,113 | €37,808 | -€5,305 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,682 | €22,259 | +€3,576 | +19.1% |
| Other operating charges | 640/8 | €965 | €859 | -€106 | -11.0% |
| Gross operating margin | 9900 | €25,447 | €35,079 | +€9,631 | +37.8% |
| Operating profit (loss) | 9901 | €5,800 | €11,961 | +€6,161 | +106% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €2,088 | €2,258 | +€170 | +8.1% |
| Recurring financial charges | 65 | €2,088 | €2,258 | +€170 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €3,712 | €9,748 | +€6,037 | +163% |
| Income taxes | 67/77 | €915 | €1,310 | +€394 | +43.1% |
| Profit (loss) for the period | 9904 | €2,797 | €8,439 | +€5,642 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €2,797 | €8,439 | +€5,642 | +202% |
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.