KNOW HOW: 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.
KNOW HOW
Largest movements
- Deferred charges and accrued income +€12,735
up €12,735 (+2,002%), from €636 to €13,371
- Receivables within one year +€8,958
up €8,958 (+7.0%), from €127,672 to €136,629
of which Trade receivables: +€14,002
- Intangible fixed assets -€7,210
down €7,210 (-49.2%), from €14,643 to €7,432
- Other debts -€27,815
down €27,815 (-22.9%), from €121,461 to €93,646
- Trade debts +€24,186
up €24,186 (+69.3%), from €34,885 to €59,071
- Reserves +€16,014
up €16,014 (+17.8%), from €90,000 to €106,014
of which Distributable reserves: +€15,000
- Gross operating margin -€14,098
down €14,098 (-7.5%), from €187,693 to €173,595
- Depreciation -€4,028
down €4,028 (-35.8%), from €11,238 to €7,210
- Taxes +€2,733
up €2,733 (+49.9%), from €5,478 to €8,211
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 | €277,950 | €294,433 | +€16,482 | +5.9% |
| Fixed assets | 21/28 | €14,643 | €7,432 | -€7,210 | -49.2% |
| Intangible fixed assets | 21 | €14,643 | €7,432 | -€7,210 | -49.2% |
| Current assets | 29/58 | €263,308 | €287,000 | +€23,693 | +9.0% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,000 | €12,000 | +€2,000 | +20.0% |
| Contracts in progress | 37 | €10,000 | €12,000 | +€2,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €127,672 | €136,629 | +€8,958 | +7.0% |
| Trade receivables | 40 | €122,627 | €136,629 | +€14,002 | +11.4% |
| Other amounts receivable | 41 | €5,044 | €0 | -€5,044 | -100% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €636 | €13,371 | +€12,735 | +2,002% |
| Total equity and liabilities | 10/49 | €277,950 | €294,433 | +€16,482 | +5.9% |
| Equity | 10/15 | €101,154 | €118,779 | +€17,625 | +17.4% |
| Contributions | 10/11 | €11,154 | €10,140 | -€1,014 | -9.1% |
| Reserves | 13 | €90,000 | €106,014 | +€16,014 | +17.8% |
| Non-distributable reserves | 130/1 | - | €1,014 | +€1,014 | |
| Reserves not available under the articles | 1311 | - | €1,014 | +€1,014 | |
| Distributable reserves | 133 | €90,000 | €105,000 | +€15,000 | +16.7% |
| Profit (loss) carried forward | 14 | €0 | €2,625 | +€2,625 | |
| Amounts payable | 17/49 | €176,796 | €175,654 | -€1,142 | -0.6% |
| Amounts payable within one year | 42/48 | €176,796 | €175,654 | -€1,142 | -0.6% |
| Trade debts | 44 | €34,885 | €59,071 | +€24,186 | +69.3% |
| Suppliers | 440/4 | €34,885 | €59,071 | +€24,186 | +69.3% |
| Taxes, remuneration and social security | 45 | €20,451 | €22,937 | +€2,486 | +12.2% |
| Taxes | 450/3 | €6,418 | €5,934 | -€484 | -7.5% |
| Remuneration and social security | 454/9 | €14,033 | €17,003 | +€2,970 | +21.2% |
| Other amounts payable | 47/48 | €121,461 | €93,646 | -€27,815 | -22.9% |
| Remuneration, social security and pensions | 62 | €138,612 | €139,316 | +€705 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,238 | €7,210 | -€4,028 | -35.8% |
| Other operating charges | 640/8 | €1,143 | €964 | -€179 | -15.6% |
| Gross operating margin | 9900 | €187,693 | €173,595 | -€14,098 | -7.5% |
| Operating profit (loss) | 9901 | €36,700 | €26,103 | -€10,596 | -28.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €338 | €268 | -€70 | -20.8% |
| Recurring financial charges | 65 | €338 | €268 | -€70 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €36,361 | €25,836 | -€10,526 | -28.9% |
| Income taxes | 67/77 | €5,478 | €8,211 | +€2,733 | +49.9% |
| Profit (loss) for the period | 9904 | €30,884 | €17,625 | -€13,259 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,884 | €17,625 | -€13,259 | -42.9% |
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 16 October 2026 via checked.be.