INTERACTION: 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.
INTERACTION
Largest movements
- Receivables within one year -€23,325
down €23,325 (-19.7%), from €118,325 to €95,000
of which Trade receivables: -€33,325
- Tangible fixed assets -€16,386
down €16,386 (-5.5%), from €300,287 to €283,901
of which Land and buildings: -€15,439
- Cash -€13,220
down €13,220 (-6.2%), from €214,657 to €201,437
mainly Other debts (-€45,518) and Debts after one year (-€17,500)
- Deferred charges and accrued income +€9,067
up €9,067 (+3,566%), from €254 to €9,321
- Other debts -€45,518
down €45,518 (-87.0%), from €52,292 to €6,774
- Reserves +€18,902
up €18,902 (+4.7%), from €399,295 to €418,198
of which Distributable reserves: +€18,902
- Debts after one year -€17,500
down €17,500 (-35.3%), from €49,584 to €32,084
- Gross operating margin -€115,879
down €115,879 (-67.1%), from €172,753 to €56,874
- Taxes -€34,982
down €34,982 (-82.1%), from €42,600 to €7,619
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 | €640,892 | €596,863 | -€44,029 | -6.9% |
| Fixed assets | 21/28 | €300,451 | €283,901 | -€16,551 | -5.5% |
| Tangible fixed assets | 22/27 | €300,287 | €283,901 | -€16,386 | -5.5% |
| Land and buildings | 22 | €283,127 | €267,688 | -€15,439 | -5.5% |
| Plant, machinery and equipment | 23 | €914 | €499 | -€416 | -45.5% |
| Furniture and vehicles | 24 | €16,246 | €15,714 | -€532 | -3.3% |
| Financial fixed assets | 28 | €164 | €0 | -€164 | -100% |
| Current assets | 29/58 | €340,440 | €312,962 | -€27,478 | -8.1% |
| Amounts receivable within one year | 40/41 | €118,325 | €95,000 | -€23,325 | -19.7% |
| Trade receivables | 40 | €118,325 | €85,000 | -€33,325 | -28.2% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €7,204 | €7,204 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,657 | €201,437 | -€13,220 | -6.2% |
| Deferred charges and accrued income | 490/1 | €254 | €9,321 | +€9,067 | +3,566% |
| Total equity and liabilities | 10/49 | €640,892 | €596,863 | -€44,029 | -6.9% |
| Equity | 10/15 | €417,887 | €436,790 | +€18,902 | +4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €399,295 | €418,198 | +€18,902 | +4.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €397,436 | €416,338 | +€18,902 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €223,004 | €160,073 | -€62,931 | -28.2% |
| Amounts payable after more than one year | 17 | €49,584 | €32,084 | -€17,500 | -35.3% |
| Financial debts | 170/4 | €49,584 | €32,084 | -€17,500 | -35.3% |
| Amounts payable within one year | 42/48 | €173,421 | €127,990 | -€45,431 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €17,500 | €17,500 | = | 0.0% |
| Trade debts | 44 | €67,313 | €66,399 | -€914 | -1.4% |
| Suppliers | 440/4 | €67,313 | €66,399 | -€914 | -1.4% |
| Advances received on contracts in progress | 46 | - | €7 | +€7 | |
| Taxes, remuneration and social security | 45 | €36,316 | €37,309 | +€994 | +2.7% |
| Taxes | 450/3 | €36,316 | €37,309 | +€994 | +2.7% |
| Other amounts payable | 47/48 | €52,292 | €6,774 | -€45,518 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,436 | €27,699 | +€264 | +1.0% |
| Other operating charges | 640/8 | €2,467 | €2,682 | +€215 | +8.7% |
| Gross operating margin | 9900 | €172,753 | €56,874 | -€115,879 | -67.1% |
| Operating profit (loss) | 9901 | €142,851 | €26,493 | -€116,358 | -81.5% |
| Financial income | 75/76B | €2,819 | €1,119 | -€1,700 | -60.3% |
| Recurring financial income | 75 | €2,819 | €1,119 | -€1,700 | -60.3% |
| Financial charges | 65/66B | €1,142 | €1,091 | -€50 | -4.4% |
| Recurring financial charges | 65 | €1,142 | €1,091 | -€50 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €144,528 | €26,521 | -€118,007 | -81.7% |
| Income taxes | 67/77 | €42,600 | €7,619 | -€34,982 | -82.1% |
| Profit (loss) for the period | 9904 | €101,928 | €18,902 | -€83,026 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,928 | €18,902 | -€83,026 | -81.5% |
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 28 October 2026 via checked.be.