KEEP IT SOFT: 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.
KEEP IT SOFT
Largest movements
- Cash -€65,552
down €65,552 (-60.3%), from €108,797 to €43,245
mainly Investment in fixed assets (net) (-€63,872) and Receivables within one year (-€24,203)
- Tangible fixed assets +€49,101
up €49,101 (+14.5%), from €339,219 to €388,320
of which Furniture and vehicles: +€60,286
- Receivables within one year +€24,203
up €24,203 (+224.5%), from €10,782 to €34,984
of which Other amounts receivable: +€13,407
- Current investments +€19,918
up €19,918 (+99.6%), from €20,000 to €39,918
- Reserves +€14,579
up €14,579 (+6.4%), from €227,930 to €242,509
- Current portion of long-term debt +€13,479
up €13,479 (+53.8%), from €25,048 to €38,527
- Gross operating margin -€34,228
down €34,228 (-46.8%), from €73,166 to €38,937
- Taxes -€10,341
down €10,341 (-67.1%), from €15,403 to €5,062
- Financial charges -€2,065
down €2,065 (-44.6%), from €4,626 to €2,562
- Depreciation +€1,307
up €1,307 (+9.7%), from €13,463 to €14,771
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.
Cash bridge derived
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 | €481,818 | €507,656 | +€25,838 | +5.4% |
| Fixed assets | 21/28 | €339,219 | €388,320 | +€49,101 | +14.5% |
| Tangible fixed assets | 22/27 | €339,219 | €388,320 | +€49,101 | +14.5% |
| Land and buildings | 22 | €339,219 | €325,756 | -€13,463 | -4.0% |
| Plant, machinery and equipment | 23 | - | €2,278 | +€2,278 | |
| Furniture and vehicles | 24 | - | €60,286 | +€60,286 | |
| Current assets | 29/58 | €142,599 | €119,336 | -€23,263 | -16.3% |
| Amounts receivable within one year | 40/41 | €10,782 | €34,984 | +€24,203 | +224.5% |
| Trade receivables | 40 | €9,890 | €20,686 | +€10,796 | +109.2% |
| Other amounts receivable | 41 | €891 | €14,298 | +€13,407 | +1504.0% |
| Current investments | 50/53 | €20,000 | €39,918 | +€19,918 | +99.6% |
| Cash at bank and in hand | 54/58 | €108,797 | €43,245 | -€65,552 | -60.3% |
| Deferred charges and accrued income | 490/1 | €3,020 | €1,189 | -€1,831 | -60.6% |
| Total equity and liabilities | 10/49 | €481,818 | €507,656 | +€25,838 | +5.4% |
| Equity | 10/15 | €234,130 | €248,709 | +€14,579 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €227,930 | €242,509 | +€14,579 | +6.4% |
| Distributable reserves | 133 | €227,930 | €242,509 | +€14,579 | +6.4% |
| Amounts payable | 17/49 | €247,688 | €258,947 | +€11,259 | +4.5% |
| Amounts payable after more than one year | 17 | €203,630 | €200,861 | -€2,769 | -1.4% |
| Financial debts | 170/4 | €203,630 | €200,861 | -€2,769 | -1.4% |
| Amounts payable within one year | 42/48 | €42,355 | €58,046 | +€15,692 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €25,048 | €38,527 | +€13,479 | +53.8% |
| Trade debts | 44 | €1,041 | €2,203 | +€1,162 | +111.6% |
| Suppliers | 440/4 | €1,041 | €2,203 | +€1,162 | +111.6% |
| Taxes, remuneration and social security | 45 | €1,387 | €144 | -€1,243 | -89.6% |
| Taxes | 450/3 | €1,387 | €144 | -€1,243 | -89.6% |
| Other amounts payable | 47/48 | €14,879 | €17,173 | +€2,294 | +15.4% |
| Accrued charges and deferred income | 492/3 | €1,704 | €40 | -€1,664 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,463 | €14,771 | +€1,307 | +9.7% |
| Other operating charges | 640/8 | €3,084 | €3,182 | +€98 | +3.2% |
| Gross operating margin | 9900 | €73,166 | €38,937 | -€34,228 | -46.8% |
| Operating profit (loss) | 9901 | €56,618 | €20,985 | -€35,633 | -62.9% |
| Financial income | 75/76B | €793 | €1,218 | +€425 | +53.6% |
| Recurring financial income | 75 | €793 | €1,218 | +€425 | +53.6% |
| Financial charges | 65/66B | €4,626 | €2,562 | -€2,065 | -44.6% |
| Recurring financial charges | 65 | €4,626 | €2,562 | -€2,065 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €52,785 | €19,641 | -€33,143 | -62.8% |
| Income taxes | 67/77 | €15,403 | €5,062 | -€10,341 | -67.1% |
| Profit (loss) for the period | 9904 | €37,382 | €14,579 | -€22,802 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,382 | €14,579 | -€22,802 | -61.0% |
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 9 October 2026 via checked.be.