KEYPOINT: what changed
Two fiscal 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.
What changed
KEYPOINT
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€312,103
2024 · -€674,993+€987,096
Equity
€2.9m
2024 · €2.7m+€288,509
Cash
€1.4m
2024 · €1.2m+€244,411
Balance sheet total
€5.3m
2024 · €4.6m+€708,842
Largest movements
Assets
- Receivables within one year +€271,014
up €271,014 (+36.4%), from €745,053 to €1.0m
of which Trade receivables: +€271,007
- Cash +€244,411
up €244,411 (+20.3%), from €1.2m to €1.4m
mainly Trade debts (+€402,814) and Depreciation (+€316,251)
- Deferred charges and accrued income +€175,675
up €175,675 (+49.6%), from €354,049 to €529,724
Equity and liabilities
- Trade debts +€402,814
up €402,814 (+45.9%), from €877,396 to €1.3m
- Profit (loss) carried forward +€312,103
up €312,103 (+35.2%), from -€886,960 to -€574,857
- Debts after one year -€151,113
down €151,113 (-22.5%), from €672,381 to €521,269
- Tax, wage and social debts +€100,898
up €100,898 (+46.9%), from €215,105 to €316,002
of which Taxes: +€66,217
Income statement
- Turnover +€14.1m
new in 2025: €14.1m
- Purchases and services +€12.6m
new in 2025: €12.6m
- Gross operating margin +€1.0m
up €1.0m (+164.9%), from €619,800 to €1.6m
- Staff costs +€162,073
up €162,073 (+17.8%), from €909,285 to €1.1m
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.
Result 2024
-€674,993
Gross operating margin
+€1.0m
Staff costs
-€162,073
Depreciation
-€21,738
Other operating charges
+€1,590
Other operating items
+€82,837
Financial income
+€51,067
Financial charges
+€13,892
Taxes
-€349
Result 2025
€312,103
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.
From operations
+€725,074
Investment
-€333,992
Financing
-€146,671
Cash 2024
€1.2m
From operations (derived)
+€725,074
Net result for the year
+€312,103
Depreciation
+€316,251
Receivables within one year
-€271,014
Deferred charges and accrued income
-€175,675
Trade debts
+€402,814
Tax, wage and social debts
+€100,898
Accrued charges and deferred income
+€39,699
Investment (derived)
-€333,992
Investment in fixed assets (net)
-€333,992
Financing
-€146,671
Debts after one year
-€151,113
Current portion of long-term debt
+€31,761
Short-term financial debts
-€3,726
Contributions, distributions and other
-€23,593
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,554,854 | €5,263,696 | +€708,842 | +15.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,251,537 | €2,269,278 | +€17,742 | +0.8% |
| Intangible fixed assets | 21 | €2,191,810 | €2,217,482 | +€25,672 | +1.2% |
| Tangible fixed assets | 22/27 | €59,526 | €51,596 | -€7,930 | -13.3% |
| Furniture and vehicles | 24 | €38,435 | €33,548 | -€4,887 | -12.7% |
| Other tangible fixed assets | 26 | €21,092 | €18,049 | -€3,043 | -14.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,303,317 | €2,994,417 | +€691,101 | +30.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €745,053 | €1,016,068 | +€271,014 | +36.4% |
| Trade receivables | 40 | €742,053 | €1,013,060 | +€271,007 | +36.5% |
| Other amounts receivable | 41 | €3,000 | €3,008 | +€8 | +0.3% |
| Cash at bank and in hand | 54/58 | €1,204,215 | €1,448,626 | +€244,411 | +20.3% |
| Deferred charges and accrued income | 490/1 | €354,049 | €529,724 | +€175,675 | +49.6% |
| Total equity and liabilities | 10/49 | €4,554,854 | €5,263,696 | +€708,842 | +15.6% |
| Equity | 10/15 | €2,655,505 | €2,944,014 | +€288,509 | +10.9% |
| Contributions | 10/11 | €3,424,498 | €3,424,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€886,960 | -€574,857 | +€312,103 | +35.2% |
| Investment grants | 15 | €117,967 | €94,373 | -€23,593 | -20.0% |
| Amounts payable | 17/49 | €1,899,348 | €2,319,682 | +€420,333 | +22.1% |
| Amounts payable after more than one year | 17 | €672,381 | €521,269 | -€151,113 | -22.5% |
| Financial debts | 170/4 | €672,381 | €521,269 | -€151,113 | -22.5% |
| Amounts payable within one year | 42/48 | €1,223,980 | €1,755,727 | +€531,747 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €126,233 | €157,994 | +€31,761 | +25.2% |
| Financial debts | 43 | €5,247 | €1,521 | -€3,726 | -71.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €5,247 | €1,521 | -€3,726 | -71.0% |
| Trade debts | 44 | €877,396 | €1,280,209 | +€402,814 | +45.9% |
| Suppliers | 440/4 | €877,396 | €1,280,209 | +€402,814 | +45.9% |
| Taxes, remuneration and social security | 45 | €215,105 | €316,002 | +€100,898 | +46.9% |
| Taxes | 450/3 | €67,831 | €134,048 | +€66,217 | +97.6% |
| Remuneration and social security | 454/9 | €147,274 | €181,954 | +€34,680 | +23.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,987 | €42,686 | +€39,699 | +1329.2% |
| Turnover | 70 | - | €14,107,011 | +€14.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €12,560,714 | +€12.6m | |
| Remuneration, social security and pensions | 62 | €909,285 | €1,071,357 | +€162,073 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,513 | €316,251 | +€21,738 | +7.4% |
| Other operating charges | 640/8 | €3,633 | €2,044 | -€1,590 | -43.7% |
| Non-recurring operating charges | 66A | €83,236 | €399 | -€82,837 | -99.5% |
| Gross operating margin | 9900 | €619,800 | €1,641,669 | +€1.0m | +164.9% |
| Operating profit (loss) | 9901 | -€670,867 | €251,619 | +€922,486 | |
| Financial income | 75/76B | €44,507 | €95,575 | +€51,067 | +114.7% |
| Recurring financial income | 75 | €44,507 | €95,575 | +€51,067 | +114.7% |
| Financial charges | 65/66B | €47,099 | €33,207 | -€13,892 | -29.5% |
| Recurring financial charges | 65 | €47,099 | €33,207 | -€13,892 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€673,459 | €313,986 | +€987,445 | |
| Income taxes | 67/77 | €1,535 | €1,883 | +€349 | +22.7% |
| Profit (loss) for the period | 9904 | -€674,993 | €312,103 | +€987,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€674,993 | €312,103 | +€987,096 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.