INSTALLS: 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.
INSTALLS
Largest movements
- Cash +€4,656
up €4,656 (+12.0%), from €38,957 to €43,613
mainly Trade debts (+€5,005) and Stocks and contracts (+€3,336)
- Stocks and contracts -€3,336
down €3,336 (-32.6%), from €10,240 to €6,904
- Receivables within one year -€1,786
down €1,786 (-6.4%), from €27,957 to €26,171
of which Trade receivables: -€6,529
- Tangible fixed assets -€1,715
down €1,715 (-23.7%), from €7,248 to €5,533
- Profit (loss) carried forward -€7,228
down €7,228 (-12.9%), from €56,201 to €48,973
- Trade debts +€5,005
up €5,005 (+65.1%), from €7,692 to €12,697
- Gross operating margin +€3,348
up €3,348, from -€884 to €2,464
- Staff costs +€1,994
up €1,994 (+59.2%), from €3,366 to €5,359
- Depreciation -€988
down €988 (-36.5%), from €2,703 to €1,715
- Taxes +€590
up €590 (+39.3%), from €1,500 to €2,090
- Financial income -€370
down €370 (-99.1%), from €374 to €3
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 | €84,743 | €82,272 | -€2,471 | -2.9% |
| Fixed assets | 21/28 | €7,298 | €5,583 | -€1,715 | -23.5% |
| Tangible fixed assets | 22/27 | €7,248 | €5,533 | -€1,715 | -23.7% |
| Plant, machinery and equipment | 23 | €7,248 | €5,533 | -€1,715 | -23.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €77,445 | €76,689 | -€756 | -1.0% |
| Stocks and contracts in progress | 3 | €10,240 | €6,904 | -€3,336 | -32.6% |
| Stocks | 30/36 | €10,240 | €6,904 | -€3,336 | -32.6% |
| Amounts receivable within one year | 40/41 | €27,957 | €26,171 | -€1,786 | -6.4% |
| Trade receivables | 40 | €21,807 | €15,279 | -€6,529 | -29.9% |
| Other amounts receivable | 41 | €6,150 | €10,893 | +€4,743 | +77.1% |
| Cash at bank and in hand | 54/58 | €38,957 | €43,613 | +€4,656 | +12.0% |
| Deferred charges and accrued income | 490/1 | €290 | - | -€290 | |
| Total equity and liabilities | 10/49 | €84,743 | €82,272 | -€2,471 | -2.9% |
| Equity | 10/15 | €74,803 | €67,575 | -€7,228 | -9.7% |
| Reserves | 13 | €18,602 | €18,602 | = | 0.0% |
| Distributable reserves | 133 | €18,602 | €18,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,201 | €48,973 | -€7,228 | -12.9% |
| Amounts payable | 17/49 | €9,940 | €14,697 | +€4,757 | +47.9% |
| Amounts payable within one year | 42/48 | €9,940 | €14,697 | +€4,757 | +47.9% |
| Trade debts | 44 | €7,692 | €12,697 | +€5,005 | +65.1% |
| Suppliers | 440/4 | €7,692 | €12,697 | +€5,005 | +65.1% |
| Taxes, remuneration and social security | 45 | €2,248 | €2,000 | -€248 | -11.0% |
| Taxes | 450/3 | €248 | - | -€248 | |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €400 | €75 | -€325 | -81.3% |
| Remuneration, social security and pensions | 62 | €3,366 | €5,359 | +€1,994 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,703 | €1,715 | -€988 | -36.5% |
| Other operating charges | 640/8 | €310 | €226 | -€84 | -27.1% |
| Gross operating margin | 9900 | -€884 | €2,464 | +€3,348 | |
| Operating profit (loss) | 9901 | -€7,262 | -€4,837 | +€2,426 | +33.4% |
| Financial income | 75/76B | €374 | €3 | -€370 | -99.1% |
| Recurring financial income | 75 | €374 | €3 | -€370 | -99.1% |
| Financial charges | 65/66B | €230 | €305 | +€76 | +32.9% |
| Recurring financial charges | 65 | €230 | €305 | +€76 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,118 | -€5,138 | +€1,980 | +27.8% |
| Income taxes | 67/77 | €1,500 | €2,090 | +€590 | +39.3% |
| Profit (loss) for the period | 9904 | -€8,618 | -€7,228 | +€1,390 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,618 | -€7,228 | +€1,390 | +16.1% |
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 16 October 2026 via checked.be.