LEGEND ONE: 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.
LEGEND ONE
Largest movements
- Receivables within one year +€43,108
up €43,108 (+51.8%), from €83,188 to €126,296
of which Other amounts receivable: +€39,172
- Tangible fixed assets -€27,800
down €27,800 (-22.6%), from €122,918 to €95,117
of which Furniture and vehicles: -€17,687
- Cash +€9,244
up €9,244 (+15.9%), from €58,102 to €67,347
mainly Net result for the year (+€46,222) and Depreciation (+€35,270)
- Deferred charges and accrued income +€5,244
up €5,244 (+1021.5%), from €513 to €5,758
- Profit (loss) carried forward +€46,222
up €46,222 (+50.9%), from €90,769 to €136,991
- Tax, wage and social debts -€16,039
down €16,039 (-32.7%), from €48,982 to €32,942
of which Remuneration and social security: -€15,128
- Debts after one year -€13,834
down €13,834 (-35.0%), from €39,522 to €25,689
- Trade debts +€11,051
up €11,051 (+23.0%), from €48,137 to €59,188
- Staff costs -€48,433
down €48,433 (-11.8%), from €411,096 to €362,663
- Gross operating margin -€12,210
down €12,210 (-2.5%), from €484,742 to €472,532
- Taxes +€9,271
up €9,271 (+104.6%), from €8,865 to €18,135
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,922 | €310,518 | +€27,596 | +9.8% |
| Fixed assets | 21/28 | €126,118 | €96,117 | -€30,000 | -23.8% |
| Tangible fixed assets | 22/27 | €122,918 | €95,117 | -€27,800 | -22.6% |
| Plant, machinery and equipment | 23 | €24,913 | €16,501 | -€8,412 | -33.8% |
| Furniture and vehicles | 24 | €70,401 | €52,714 | -€17,687 | -25.1% |
| Other tangible fixed assets | 26 | €27,603 | €25,902 | -€1,701 | -6.2% |
| Financial fixed assets | 28 | €3,200 | €1,000 | -€2,200 | -68.8% |
| Current assets | 29/58 | €156,804 | €214,401 | +€57,597 | +36.7% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,188 | €126,296 | +€43,108 | +51.8% |
| Trade receivables | 40 | €1,010 | €4,946 | +€3,936 | +389.6% |
| Other amounts receivable | 41 | €82,178 | €121,350 | +€39,172 | +47.7% |
| Cash at bank and in hand | 54/58 | €58,102 | €67,347 | +€9,244 | +15.9% |
| Deferred charges and accrued income | 490/1 | €513 | €5,758 | +€5,244 | +1021.5% |
| Total equity and liabilities | 10/49 | €282,922 | €310,518 | +€27,596 | +9.8% |
| Equity | 10/15 | €130,769 | €176,991 | +€46,222 | +35.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,769 | €136,991 | +€46,222 | +50.9% |
| Amounts payable | 17/49 | €152,153 | €133,527 | -€18,626 | -12.2% |
| Amounts payable after more than one year | 17 | €39,522 | €25,689 | -€13,834 | -35.0% |
| Financial debts | 170/4 | €39,522 | €25,689 | -€13,834 | -35.0% |
| Amounts payable within one year | 42/48 | €112,630 | €107,838 | -€4,793 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €13,238 | €13,834 | +€595 | +4.5% |
| Financial debts | 43 | €1,272 | €1,287 | +€15 | +1.2% |
| Credit institutions | 430/8 | €1,272 | €1,287 | +€15 | +1.2% |
| Trade debts | 44 | €48,137 | €59,188 | +€11,051 | +23.0% |
| Suppliers | 440/4 | €48,137 | €59,188 | +€11,051 | +23.0% |
| Taxes, remuneration and social security | 45 | €48,982 | €32,942 | -€16,039 | -32.7% |
| Taxes | 450/3 | €13,602 | €12,690 | -€911 | -6.7% |
| Remuneration and social security | 454/9 | €35,380 | €20,252 | -€15,128 | -42.8% |
| Other amounts payable | 47/48 | €1,001 | €587 | -€415 | -41.4% |
| Remuneration, social security and pensions | 62 | €411,096 | €362,663 | -€48,433 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,377 | €35,270 | -€2,107 | -5.6% |
| Other operating charges | 640/8 | €2,904 | €1,291 | -€1,613 | -55.6% |
| Gross operating margin | 9900 | €484,742 | €472,532 | -€12,210 | -2.5% |
| Operating profit (loss) | 9901 | €33,365 | €73,307 | +€39,943 | +119.7% |
| Financial income | 75/76B | €2,563 | €1,124 | -€1,439 | -56.1% |
| Recurring financial income | 75 | €2,563 | €1,124 | -€1,439 | -56.1% |
| Financial charges | 65/66B | €6,754 | €10,074 | +€3,320 | +49.2% |
| Recurring financial charges | 65 | €6,754 | €10,074 | +€3,320 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €29,174 | €64,358 | +€35,184 | +120.6% |
| Income taxes | 67/77 | €8,865 | €18,135 | +€9,271 | +104.6% |
| Profit (loss) for the period | 9904 | €20,309 | €46,222 | +€25,914 | +127.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,309 | €46,222 | +€25,914 | +127.6% |
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 10 October 2026 via checked.be.