LE CHOIX: 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.
LE CHOIX
Largest movements
- Cash +€49,938
up €49,938 (+23.2%), from €214,901 to €264,839
mainly Accrued charges and deferred income (+€37,599) and Debts within one year (+€23,199)
- Receivables within one year +€11,924
up €11,924 (+22.5%), from €52,950 to €64,874
of which Other amounts receivable: +€11,478
- Accrued charges and deferred income +€37,599
up €37,599 (+57.5%), from €65,444 to €103,043
- Debts within one year +€23,199
up €23,199 (+12.6%), from €184,844 to €208,043
of which Tax, wage and social debts: +€23,602
- Staff costs +€48,637
up €48,637 (+8.8%), from €551,320 to €599,958
- Gross operating margin +€48,035
up €48,035 (+8.7%), from €552,158 to €600,194
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 | €279,247 | €340,159 | +€60,912 | +21.8% |
| Fixed assets | 21/28 | €5,218 | €4,980 | -€238 | -4.6% |
| Tangible fixed assets | 22/27 | €2,837 | €2,599 | -€238 | -8.4% |
| Furniture and vehicles | 24 | €1,426 | €1,390 | -€37 | -2.6% |
| Other tangible fixed assets | 26 | €1,411 | €1,209 | -€202 | -14.3% |
| Financial fixed assets | 28 | €2,381 | €2,381 | = | 0.0% |
| Current assets | 29/58 | €274,029 | €335,179 | +€61,150 | +22.3% |
| Amounts receivable within one year | 40/41 | €52,950 | €64,874 | +€11,924 | +22.5% |
| Trade receivables | 40 | - | €446 | +€446 | |
| Other amounts receivable | 41 | €52,950 | €64,428 | +€11,478 | +21.7% |
| Cash at bank and in hand | 54/58 | €214,901 | €264,839 | +€49,938 | +23.2% |
| Deferred charges and accrued income | 490/1 | €6,178 | €5,467 | -€711 | -11.5% |
| Total equity and liabilities | 10/49 | €279,247 | €340,159 | +€60,912 | +21.8% |
| Equity | 10/15 | €28,959 | €29,073 | +€114 | +0.4% |
| Profit (loss) carried forward | 14 | €28,959 | €29,073 | +€114 | +0.4% |
| Amounts payable | 17/49 | €250,288 | €311,086 | +€60,798 | +24.3% |
| Amounts payable within one year | 42/48 | €184,844 | €208,043 | +€23,199 | +12.6% |
| Trade debts | 44 | €6,240 | €5,938 | -€303 | -4.9% |
| Suppliers | 440/4 | €6,240 | €5,938 | -€303 | -4.9% |
| Taxes, remuneration and social security | 45 | €70,604 | €94,206 | +€23,602 | +33.4% |
| Taxes | 450/3 | €13,799 | €15,153 | +€1,354 | +9.8% |
| Remuneration and social security | 454/9 | €56,805 | €79,053 | +€22,248 | +39.2% |
| Accrued charges and deferred income | 492/3 | €65,444 | €103,043 | +€37,599 | +57.5% |
| Non-recurring operating income | 76A | €25 | €111 | +€86 | +345% |
| Remuneration, social security and pensions | 62 | €551,320 | €599,958 | +€48,637 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €755 | +€103 | +15.9% |
| Other operating charges | 640/8 | €70 | €70 | -€0 | -0.4% |
| Gross operating margin | 9900 | €552,158 | €600,194 | +€48,035 | +8.7% |
| Operating profit (loss) | 9901 | €116 | -€589 | -€705 | |
| Financial income | 75/76B | €909 | €795 | -€115 | -12.6% |
| Recurring financial income | 75 | €909 | €795 | -€115 | -12.6% |
| Financial charges | 65/66B | €91 | €92 | +€1 | +1.1% |
| Recurring financial charges | 65 | €91 | €92 | +€1 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €934 | €114 | -€821 | -87.8% |
| Profit (loss) for the period | 9904 | €934 | €114 | -€821 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €934 | €114 | -€821 | -87.8% |
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 17 October 2026 via checked.be.