LI VI: what changed
Two fiscal 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.
LI VI
Largest movements
- Tangible fixed assets -€20,122
down €20,122 (-25.2%), from €79,924 to €59,802
of which Other tangible fixed assets: -€11,018
- Cash -€6,304
down €6,304 (-90.3%), from €6,979 to €676
mainly Debts after one year (-€15,407) and Trade debts (-€8,611)
- Stocks and contracts -€5,915
down €5,915 (-3.1%), from €193,726 to €187,811
- Debts after one year -€15,407
down €15,407 (-31.2%), from €49,330 to €33,923
- Trade debts -€8,611
down €8,611 (-33.6%), from €25,620 to €17,009
- Profit (loss) carried forward -€5,371
down €5,371 (-6.3%), from €84,812 to €79,441
- Current portion of long-term debt -€2,880
down €2,880 (-15.0%), from €19,149 to €16,269
- Staff costs +€17,050
up €17,050 (+15.3%), from €111,306 to €128,355
- Gross operating margin +€11,976
up €11,976 (+8.5%), from €141,219 to €153,195
- Financial charges -€1,535
down €1,535 (-16.6%), from €9,254 to €7,720
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 | €285,699 | €252,898 | -€32,801 | -11.5% |
| Fixed assets | 21/28 | €83,149 | €63,027 | -€20,122 | -24.2% |
| Tangible fixed assets | 22/27 | €79,924 | €59,802 | -€20,122 | -25.2% |
| Plant, machinery and equipment | 23 | €22,369 | €18,882 | -€3,487 | -15.6% |
| Furniture and vehicles | 24 | €12,107 | €6,490 | -€5,618 | -46.4% |
| Other tangible fixed assets | 26 | €45,448 | €34,430 | -€11,018 | -24.2% |
| Financial fixed assets | 28 | €3,226 | €3,226 | = | 0.0% |
| Current assets | 29/58 | €202,550 | €189,871 | -€12,679 | -6.3% |
| Stocks and contracts in progress | 3 | €193,726 | €187,811 | -€5,915 | -3.1% |
| Stocks | 30/36 | €193,726 | €187,811 | -€5,915 | -3.1% |
| Amounts receivable within one year | 40/41 | €1,167 | €840 | -€327 | -28.0% |
| Trade receivables | 40 | €1,167 | €840 | -€327 | -28.0% |
| Cash at bank and in hand | 54/58 | €6,979 | €676 | -€6,304 | -90.3% |
| Deferred charges and accrued income | 490/1 | €678 | €545 | -€133 | -19.6% |
| Total equity and liabilities | 10/49 | €285,699 | €252,898 | -€32,801 | -11.5% |
| Equity | 10/15 | €140,142 | €134,771 | -€5,371 | -3.8% |
| Contributions | 10/11 | €50,300 | €50,300 | = | 0.0% |
| Reserves | 13 | €5,030 | €5,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,030 | €5,030 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,030 | €5,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,812 | €79,441 | -€5,371 | -6.3% |
| Amounts payable | 17/49 | €145,558 | €118,128 | -€27,430 | -18.8% |
| Amounts payable after more than one year | 17 | €49,330 | €33,923 | -€15,407 | -31.2% |
| Financial debts | 170/4 | €49,330 | €33,923 | -€15,407 | -31.2% |
| Amounts payable within one year | 42/48 | €96,088 | €84,092 | -€11,996 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €19,149 | €16,269 | -€2,880 | -15.0% |
| Financial debts | 43 | - | €474 | +€474 | |
| Credit institutions | 430/8 | - | €474 | +€474 | |
| Trade debts | 44 | €25,620 | €17,009 | -€8,611 | -33.6% |
| Suppliers | 440/4 | €25,620 | €17,009 | -€8,611 | -33.6% |
| Taxes, remuneration and social security | 45 | €30,311 | €31,001 | +€689 | +2.3% |
| Taxes | 450/3 | €8,204 | €6,584 | -€1,620 | -19.7% |
| Remuneration and social security | 454/9 | €22,108 | €24,417 | +€2,309 | +10.4% |
| Other amounts payable | 47/48 | €21,008 | €19,341 | -€1,667 | -7.9% |
| Accrued charges and deferred income | 492/3 | €140 | €113 | -€27 | -19.5% |
| Remuneration, social security and pensions | 62 | €111,306 | €128,355 | +€17,050 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,762 | €20,122 | +€360 | +1.8% |
| Other operating charges | 640/8 | €1,819 | €1,600 | -€219 | -12.1% |
| Gross operating margin | 9900 | €141,219 | €153,195 | +€11,976 | +8.5% |
| Operating profit (loss) | 9901 | €8,332 | €3,117 | -€5,214 | -62.6% |
| Financial income | 75/76B | €0 | €41 | +€41 | +10237.5% |
| Recurring financial income | 75 | €0 | €41 | +€41 | +10237.5% |
| Financial charges | 65/66B | €9,254 | €7,720 | -€1,535 | -16.6% |
| Recurring financial charges | 65 | €9,254 | €7,720 | -€1,535 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€922 | -€4,561 | -€3,639 | -394.5% |
| Income taxes | 67/77 | €1,457 | €810 | -€647 | -44.4% |
| Profit (loss) for the period | 9904 | -€2,379 | -€5,371 | -€2,992 | -125.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,379 | -€5,371 | -€2,992 | -125.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.