LAB 06: 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.
LAB 06
Largest movements
- Receivables within one year +€199,871
up €199,871 (+96.3%), from €207,629 to €407,500
of which Other amounts receivable: +€150,031
- Intangible fixed assets -€53,700
down €53,700 (-11.1%), from €483,300 to €429,600
- Tangible fixed assets -€39,244
down €39,244 (-25.2%), from €155,975 to €116,731
- Stocks and contracts +€14,036
up €14,036 (+6.3%), from €221,399 to €235,435
- Trade debts +€208,422
up €208,422 (+87.1%), from €239,286 to €447,708
- Other debts -€118,027
down €118,027 (-72.9%), from €161,880 to €43,853
- Current portion of long-term debt +€49,540
up €49,540 (+104%), from €47,567 to €97,108
- Profit (loss) carried forward -€20,077
down €20,077 (-44.6%), from €45,031 to €24,955
- Gross operating margin -€51,928
down €51,928 (-15.1%), from €342,929 to €291,001
- Financial charges +€25,440
up €25,440 (+67.3%), from €37,791 to €63,231
- Taxes -€15,816
no longer reported in 2025 (was €15,816)
- Staff costs +€5,076
up €5,076 (+3.4%), from €148,870 to €153,947
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 | €1,176,570 | €1,308,312 | +€131,742 | +11.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €639,638 | €546,694 | -€92,944 | -14.5% |
| Intangible fixed assets | 21 | €483,300 | €429,600 | -€53,700 | -11.1% |
| Tangible fixed assets | 22/27 | €155,975 | €116,731 | -€39,244 | -25.2% |
| Furniture and vehicles | 24 | €155,975 | €116,731 | -€39,244 | -25.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €536,932 | €761,618 | +€224,686 | +41.8% |
| Stocks and contracts in progress | 3 | €221,399 | €235,435 | +€14,036 | +6.3% |
| Stocks | 30/36 | €221,399 | €235,435 | +€14,036 | +6.3% |
| Amounts receivable within one year | 40/41 | €207,629 | €407,500 | +€199,871 | +96.3% |
| Trade receivables | 40 | €33,800 | €83,640 | +€49,840 | +147% |
| Other amounts receivable | 41 | €173,829 | €323,860 | +€150,031 | +86.3% |
| Cash at bank and in hand | 54/58 | €33,615 | €43,419 | +€9,804 | +29.2% |
| Deferred charges and accrued income | 490/1 | €74,289 | €75,263 | +€974 | +1.3% |
| Total equity and liabilities | 10/49 | €1,176,570 | €1,308,312 | +€131,742 | +11.2% |
| Equity | 10/15 | €55,031 | €34,955 | -€20,077 | -36.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,031 | €24,955 | -€20,077 | -44.6% |
| Amounts payable | 17/49 | €1,121,538 | €1,273,357 | +€151,819 | +13.5% |
| Amounts payable after more than one year | 17 | €603,465 | €612,989 | +€9,524 | +1.6% |
| Financial debts | 170/4 | €603,465 | €612,989 | +€9,524 | +1.6% |
| Amounts payable within one year | 42/48 | €518,073 | €659,282 | +€141,209 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €47,567 | €97,108 | +€49,540 | +104% |
| Trade debts | 44 | €239,286 | €447,708 | +€208,422 | +87.1% |
| Suppliers | 440/4 | €239,286 | €447,708 | +€208,422 | +87.1% |
| Advances received on contracts in progress | 46 | €20,000 | €26,582 | +€6,582 | +32.9% |
| Taxes, remuneration and social security | 45 | €49,340 | €44,031 | -€5,309 | -10.8% |
| Taxes | 450/3 | €27,684 | €25,013 | -€2,672 | -9.6% |
| Remuneration and social security | 454/9 | €21,656 | €19,018 | -€2,637 | -12.2% |
| Other amounts payable | 47/48 | €161,880 | €43,853 | -€118,027 | -72.9% |
| Accrued charges and deferred income | 492/3 | - | €1,086 | +€1,086 | |
| Remuneration, social security and pensions | 62 | €148,870 | €153,947 | +€5,076 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,577 | €92,944 | -€633 | -0.7% |
| Other operating charges | 640/8 | €1,856 | €998 | -€857 | -46.2% |
| Gross operating margin | 9900 | €342,929 | €291,001 | -€51,928 | -15.1% |
| Operating profit (loss) | 9901 | €98,626 | €43,112 | -€55,514 | -56.3% |
| Financial income | 75/76B | €12 | €42 | +€30 | +249% |
| Recurring financial income | 75 | €12 | €42 | +€30 | +249% |
| Financial charges | 65/66B | €37,791 | €63,231 | +€25,440 | +67.3% |
| Recurring financial charges | 65 | €37,791 | €63,231 | +€25,440 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €60,847 | -€20,077 | -€80,924 | |
| Income taxes | 67/77 | €15,816 | - | -€15,816 | |
| Profit (loss) for the period | 9904 | €45,031 | -€20,077 | -€65,108 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,031 | -€20,077 | -€65,108 |
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 14 October 2026 via checked.be.