K.P.I.t: what changed
K.P.I.t
Largest movements
- Receivables within one year +€30,222
up €30,222 (+28.5%), from €105,926 to €136,148
of which Other amounts receivable: +€26,203
- Tangible fixed assets -€18,626
down €18,626 (-7.6%), from €246,163 to €227,537
of which Land and buildings: -€14,489
- Cash -€11,361
down €11,361 (-83.1%), from €13,670 to €2,309
mainly Receivables within one year (-€30,222) and Tax, wage and social debts (-€16,082)
- Reserves +€28,108
up €28,108 (+31.5%), from €89,100 to €117,208
of which Distributable reserves: +€28,108
- Tax, wage and social debts -€16,082
down €16,082 (-42.5%), from €37,869 to €21,787
- Debts after one year -€11,479
down €11,479 (-6.0%), from €190,266 to €178,787
- Gross operating margin -€25,957
down €25,957 (-27.2%), from €95,486 to €69,529
- Taxes +€10,482
up €10,482 (+85.5%), from €12,261 to €22,743
- Financial charges -€3,893
down €3,893 (-57.5%), from €6,766 to €2,873
- Financial income +€1,692
up €1,692 (+54.4%), from €3,113 to €4,805
- Other operating charges -€1,468
down €1,468 (-65.7%), from €2,233 to €765
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,849 | €366,084 | +€235 | +0.1% |
| Fixed assets | 21/28 | €246,253 | €227,627 | -€18,626 | -7.6% |
| Tangible fixed assets | 22/27 | €246,163 | €227,537 | -€18,626 | -7.6% |
| Land and buildings | 22 | €229,776 | €215,287 | -€14,489 | -6.3% |
| Furniture and vehicles | 24 | €6,387 | €4,750 | -€1,637 | -25.6% |
| Other tangible fixed assets | 26 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €119,596 | €138,457 | +€18,861 | +15.8% |
| Amounts receivable within one year | 40/41 | €105,926 | €136,148 | +€30,222 | +28.5% |
| Trade receivables | 40 | €30,356 | €34,375 | +€4,019 | +13.2% |
| Other amounts receivable | 41 | €75,570 | €101,773 | +€26,203 | +34.7% |
| Cash at bank and in hand | 54/58 | €13,670 | €2,309 | -€11,361 | -83.1% |
| Total equity and liabilities | 10/49 | €365,849 | €366,084 | +€235 | +0.1% |
| Equity | 10/15 | €107,650 | €135,758 | +€28,108 | +26.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €89,100 | €117,208 | +€28,108 | +31.5% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Legal reserve | 130 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €89,090 | €117,198 | +€28,108 | +31.6% |
| Amounts payable | 17/49 | €258,199 | €230,326 | -€27,873 | -10.8% |
| Amounts payable after more than one year | 17 | €190,266 | €178,787 | -€11,479 | -6.0% |
| Financial debts | 170/4 | €190,266 | €178,787 | -€11,479 | -6.0% |
| Amounts payable within one year | 42/48 | €67,933 | €51,539 | -€16,394 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €11,008 | €11,106 | +€98 | +0.9% |
| Trade debts | 44 | €19,056 | €18,646 | -€410 | -2.2% |
| Suppliers | 440/4 | €19,056 | €18,646 | -€410 | -2.2% |
| Taxes, remuneration and social security | 45 | €37,869 | €21,787 | -€16,082 | -42.5% |
| Taxes | 450/3 | €37,869 | €21,787 | -€16,082 | -42.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €381 | +€381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,626 | €18,626 | = | 0.0% |
| Other operating charges | 640/8 | €2,233 | €765 | -€1,468 | -65.7% |
| Non-recurring operating charges | 66A | €981 | €838 | -€143 | -14.6% |
| Gross operating margin | 9900 | €95,486 | €69,529 | -€25,957 | -27.2% |
| Operating profit (loss) | 9901 | €73,646 | €48,919 | -€24,727 | -33.6% |
| Financial income | 75/76B | €3,113 | €4,805 | +€1,692 | +54.4% |
| Recurring financial income | 75 | €3,113 | €4,805 | +€1,692 | +54.4% |
| Financial charges | 65/66B | €6,766 | €2,873 | -€3,893 | -57.5% |
| Recurring financial charges | 65 | €6,766 | €2,873 | -€3,893 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €69,993 | €50,851 | -€19,142 | -27.3% |
| Income taxes | 67/77 | €12,261 | €22,743 | +€10,482 | +85.5% |
| Profit (loss) for the period | 9904 | €57,732 | €28,108 | -€29,624 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,732 | €28,108 | -€29,624 | -51.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.