la schtouff: 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.
la schtouff
Largest movements
- Tangible fixed assets +€18,572
up €18,572 (+58.7%), from €31,650 to €50,222
of which Plant, machinery and equipment: +€26,359
- Cash +€7,293
new in 2025: €7,293
mainly Debts after one year (+€46,663) and Depreciation (+€14,339)
- Stocks and contracts +€1,425
up €1,425 (+37.1%), from €3,839 to €5,264
- Debts after one year +€46,663
up €46,663 (+1,398%), from €3,337 to €50,000
- Current portion of long-term debt -€11,180
down €11,180 (-67.5%), from €16,557 to €5,377
- Tax, wage and social debts -€9,501
down €9,501 (-56.9%), from €16,694 to €7,193
of which Taxes: -€9,416
- Profit (loss) carried forward +€3,956
up €3,956 (+51.7%), from -€7,649 to -€3,693
- Trade debts -€1,623
down €1,623 (-18.5%), from €8,792 to €7,169
- Gross operating margin +€18,152
up €18,152 (+22.6%), from €80,394 to €98,546
- Staff costs +€6,829
up €6,829 (+10.2%), from €66,997 to €73,826
- Depreciation +€1,123
up €1,123 (+8.5%), from €13,216 to €14,339
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 | €55,311 | €82,547 | +€27,236 | +49.2% |
| Fixed assets | 21/28 | €32,217 | €50,789 | +€18,572 | +57.6% |
| Tangible fixed assets | 22/27 | €31,650 | €50,222 | +€18,572 | +58.7% |
| Plant, machinery and equipment | 23 | €12,129 | €38,488 | +€26,359 | +217% |
| Furniture and vehicles | 24 | €2,321 | €1,192 | -€1,129 | -48.6% |
| Leasing and similar rights | 25 | €17,200 | €10,542 | -€6,658 | -38.7% |
| Financial fixed assets | 28 | €567 | €567 | = | 0.0% |
| Current assets | 29/58 | €23,094 | €31,758 | +€8,664 | +37.5% |
| Amounts receivable after more than one year | 29 | €10,634 | €10,634 | = | 0.0% |
| Other amounts receivable | 291 | €10,634 | €10,634 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,839 | €5,264 | +€1,425 | +37.1% |
| Stocks | 30/36 | €3,839 | €5,264 | +€1,425 | +37.1% |
| Amounts receivable within one year | 40/41 | €7,349 | €7,738 | +€389 | +5.3% |
| Trade receivables | 40 | €2,083 | €2,176 | +€93 | +4.4% |
| Other amounts receivable | 41 | €5,266 | €5,562 | +€297 | +5.6% |
| Cash at bank and in hand | 54/58 | - | €7,293 | +€7,293 | |
| Deferred charges and accrued income | 490/1 | €1,272 | €828 | -€444 | -34.9% |
| Total equity and liabilities | 10/49 | €55,311 | €82,547 | +€27,236 | +49.2% |
| Equity | 10/15 | €8,851 | €12,807 | +€3,956 | +44.7% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,500 | €16,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,649 | -€3,693 | +€3,956 | +51.7% |
| Amounts payable | 17/49 | €46,460 | €69,740 | +€23,280 | +50.1% |
| Amounts payable after more than one year | 17 | €3,337 | €50,000 | +€46,663 | +1,398% |
| Financial debts | 170/4 | €3,337 | €50,000 | +€46,663 | +1,398% |
| Amounts payable within one year | 42/48 | €43,122 | €19,740 | -€23,383 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €16,557 | €5,377 | -€11,180 | -67.5% |
| Financial debts | 43 | €1,078 | - | -€1,078 | |
| Credit institutions | 430/8 | €1,078 | - | -€1,078 | |
| Trade debts | 44 | €8,792 | €7,169 | -€1,623 | -18.5% |
| Suppliers | 440/4 | €8,792 | €7,169 | -€1,623 | -18.5% |
| Taxes, remuneration and social security | 45 | €16,694 | €7,193 | -€9,501 | -56.9% |
| Taxes | 450/3 | €13,246 | €3,830 | -€9,416 | -71.1% |
| Remuneration and social security | 454/9 | €3,449 | €3,363 | -€86 | -2.5% |
| Remuneration, social security and pensions | 62 | €66,997 | €73,826 | +€6,829 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,216 | €14,339 | +€1,123 | +8.5% |
| Other operating charges | 640/8 | €3,983 | €3,532 | -€452 | -11.3% |
| Gross operating margin | 9900 | €80,394 | €98,546 | +€18,152 | +22.6% |
| Operating profit (loss) | 9901 | -€3,803 | €6,849 | +€10,652 | |
| Financial income | 75/76B | €476 | - | -€476 | |
| Recurring financial income | 75 | €476 | - | -€476 | |
| Financial charges | 65/66B | €3,163 | €2,616 | -€547 | -17.3% |
| Recurring financial charges | 65 | €3,163 | €2,616 | -€547 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,490 | €4,233 | +€10,723 | |
| Income taxes | 67/77 | €284 | €277 | -€7 | -2.6% |
| Profit (loss) for the period | 9904 | -€6,774 | €3,956 | +€10,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,774 | €3,956 | +€10,730 |
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 27 October 2026 via checked.be.