KEY SOLUTION PROJECTS: 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.
KEY SOLUTION PROJECTS
Largest movements
- Cash +€69,691
up €69,691 (+112.2%), from €62,139 to €131,831
mainly Deferred charges and accrued income (+€20,883) and Receivables within one year (+€19,343)
- Deferred charges and accrued income -€20,883
down €20,883 (-51.5%), from €40,583 to €19,700
- Receivables within one year -€19,343
down €19,343 (-11.7%), from €164,740 to €145,397
of which Trade receivables: -€14,735
- Receivables after one year -€8,477
down €8,477 (-100.0%), from €8,477 to €0
- Reserves +€11,529
up €11,529 (+9.8%), from €117,434 to €128,962
of which Distributable reserves: +€11,529
- Trade debts +€10,705
up €10,705 (+6.1%), from €174,887 to €185,592
- Depreciation -€9,457
down €9,457 (-45.1%), from €20,957 to €11,500
- Gross operating margin -€4,332
down €4,332 (-12.1%), from €35,848 to €31,516
- Financial charges +€1,891
up €1,891 (+172.8%), from €1,094 to €2,985
- Other operating charges -€772
down €772 (-32.4%), from €2,381 to €1,610
- Financial income -€366
down €366 (-100.0%), from €366 to €0
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 | €308,801 | €332,377 | +€23,576 | +7.6% |
| Fixed assets | 21/28 | €32,861 | €35,449 | +€2,588 | +7.9% |
| Tangible fixed assets | 22/27 | €32,861 | €35,449 | +€2,588 | +7.9% |
| Land and buildings | 22 | €2,176 | €2,000 | -€176 | -8.1% |
| Plant, machinery and equipment | 23 | €0 | €2,989 | +€2,989 | |
| Furniture and vehicles | 24 | €30,685 | €30,459 | -€226 | -0.7% |
| Current assets | 29/58 | €275,940 | €296,928 | +€20,988 | +7.6% |
| Amounts receivable after more than one year | 29 | €8,477 | €0 | -€8,477 | -100.0% |
| Trade receivables | 290 | €8,477 | €0 | -€8,477 | -100.0% |
| Amounts receivable within one year | 40/41 | €164,740 | €145,397 | -€19,343 | -11.7% |
| Trade receivables | 40 | €145,813 | €131,079 | -€14,735 | -10.1% |
| Other amounts receivable | 41 | €18,927 | €14,319 | -€4,608 | -24.3% |
| Cash at bank and in hand | 54/58 | €62,139 | €131,831 | +€69,691 | +112.2% |
| Deferred charges and accrued income | 490/1 | €40,583 | €19,700 | -€20,883 | -51.5% |
| Total equity and liabilities | 10/49 | €308,801 | €332,377 | +€23,576 | +7.6% |
| Equity | 10/15 | €129,834 | €141,362 | +€11,529 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,434 | €128,962 | +€11,529 | +9.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,574 | €127,102 | +€11,529 | +10.0% |
| Amounts payable | 17/49 | €178,967 | €191,015 | +€12,047 | +6.7% |
| Amounts payable within one year | 42/48 | €178,967 | €191,015 | +€12,047 | +6.7% |
| Trade debts | 44 | €174,887 | €185,592 | +€10,705 | +6.1% |
| Suppliers | 440/4 | €174,887 | €185,592 | +€10,705 | +6.1% |
| Taxes, remuneration and social security | 45 | €4,080 | €5,422 | +€1,342 | +32.9% |
| Taxes | 450/3 | €4,080 | €4,022 | -€58 | -1.4% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,957 | €11,500 | -€9,457 | -45.1% |
| Other operating charges | 640/8 | €2,381 | €1,610 | -€772 | -32.4% |
| Non-recurring operating charges | 66A | €356 | - | -€356 | |
| Gross operating margin | 9900 | €35,848 | €31,516 | -€4,332 | -12.1% |
| Operating profit (loss) | 9901 | €12,153 | €18,406 | +€6,253 | +51.4% |
| Financial income | 75/76B | €366 | €0 | -€366 | -100.0% |
| Recurring financial income | 75 | €366 | €0 | -€366 | -100.0% |
| Financial charges | 65/66B | €1,094 | €2,985 | +€1,891 | +172.8% |
| Recurring financial charges | 65 | €1,094 | €2,985 | +€1,891 | +172.8% |
| Profit (loss) for the period before taxes | 9903 | €11,425 | €15,420 | +€3,995 | +35.0% |
| Income taxes | 67/77 | €4,080 | €3,892 | -€188 | -4.6% |
| Profit (loss) for the period | 9904 | €7,345 | €11,529 | +€4,184 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,345 | €11,529 | +€4,184 | +57.0% |
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 10 October 2026 via checked.be.