LOOK & DESIGN: 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.
LOOK & DESIGN
Largest movements
- Tangible fixed assets -€53,484
down €53,484 (-9.6%), from €557,773 to €504,289
of which Land and buildings: -€36,575
- Cash -€22,122
down €22,122 (-43.7%), from €50,660 to €28,539
mainly Contributions, distributions and other (-€45,500) and Other debts (-€26,193)
- Receivables within one year -€13,661
down €13,661 (-74.5%), from €18,349 to €4,688
of which Trade receivables: -€16,959
- Other debts -€26,193
down €26,193 (-7.1%), from €370,741 to €344,548
- Reserves -€26,002
down €26,002 (-15.6%), from €166,880 to €140,878
of which Distributable reserves: -€23,500
- Debts after one year -€20,171
down €20,171 (-16.5%), from €122,388 to €102,218
- Trade debts -€13,276
down €13,276 (-71.1%), from €18,682 to €5,407
- Depreciation -€12,913
down €12,913 (-22.3%), from €57,944 to €45,032
- Taxes +€6,042
up €6,042 (+135.5%), from €4,460 to €10,502
- Other operating charges -€3,026
down €3,026 (-9.6%), from €31,617 to €28,591
- Gross operating margin +€2,270
up €2,270 (+2.1%), from €108,764 to €111,034
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 | €883,452 | €797,775 | -€85,678 | -9.7% |
| Fixed assets | 21/28 | €811,322 | €757,838 | -€53,484 | -6.6% |
| Tangible fixed assets | 22/27 | €557,773 | €504,289 | -€53,484 | -9.6% |
| Land and buildings | 22 | €489,369 | €452,794 | -€36,575 | -7.5% |
| Plant, machinery and equipment | 23 | €65,476 | €51,495 | -€13,981 | -21.4% |
| Furniture and vehicles | 24 | €2,928 | - | -€2,928 | |
| Financial fixed assets | 28 | €253,549 | €253,549 | = | 0.0% |
| Current assets | 29/58 | €72,130 | €39,937 | -€32,194 | -44.6% |
| Amounts receivable within one year | 40/41 | €18,349 | €4,688 | -€13,661 | -74.5% |
| Trade receivables | 40 | €16,959 | - | -€16,959 | |
| Other amounts receivable | 41 | €1,390 | €4,688 | +€3,298 | +237.2% |
| Cash at bank and in hand | 54/58 | €50,660 | €28,539 | -€22,122 | -43.7% |
| Deferred charges and accrued income | 490/1 | €3,121 | €6,710 | +€3,589 | +115.0% |
| Total equity and liabilities | 10/49 | €883,452 | €797,775 | -€85,678 | -9.7% |
| Equity | 10/15 | €315,469 | €289,737 | -€25,732 | -8.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €166,880 | €140,878 | -€26,002 | -15.6% |
| Tax-exempt reserves | 132 | €48,380 | €45,878 | -€2,502 | -5.2% |
| Distributable reserves | 133 | €118,500 | €95,000 | -€23,500 | -19.8% |
| Profit (loss) carried forward | 14 | €128,137 | €128,408 | +€271 | +0.2% |
| Provisions and deferred taxes | 16 | €24,912 | €23,624 | -€1,289 | -5.2% |
| Deferred taxes | 168 | €24,912 | €23,624 | -€1,289 | -5.2% |
| Amounts payable | 17/49 | €543,071 | €484,414 | -€58,657 | -10.8% |
| Amounts payable after more than one year | 17 | €122,388 | €102,218 | -€20,171 | -16.5% |
| Financial debts | 170/4 | €122,388 | €102,218 | -€20,171 | -16.5% |
| Amounts payable within one year | 42/48 | €415,049 | €378,463 | -€36,586 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €23,907 | €26,013 | +€2,106 | +8.8% |
| Trade debts | 44 | €18,682 | €5,407 | -€13,276 | -71.1% |
| Suppliers | 440/4 | €18,682 | €5,407 | -€13,276 | -71.1% |
| Taxes, remuneration and social security | 45 | €1,719 | €2,496 | +€777 | +45.2% |
| Taxes | 450/3 | €1,719 | €2,496 | +€777 | +45.2% |
| Other amounts payable | 47/48 | €370,741 | €344,548 | -€26,193 | -7.1% |
| Accrued charges and deferred income | 492/3 | €5,634 | €3,733 | -€1,901 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,944 | €45,032 | -€12,913 | -22.3% |
| Other operating charges | 640/8 | €31,617 | €28,591 | -€3,026 | -9.6% |
| Gross operating margin | 9900 | €108,764 | €111,034 | +€2,270 | +2.1% |
| Operating profit (loss) | 9901 | €19,203 | €37,411 | +€18,209 | +94.8% |
| Financial income | 75/76B | €240 | €263 | +€22 | +9.3% |
| Recurring financial income | 75 | €240 | €263 | +€22 | +9.3% |
| Financial charges | 65/66B | €9,490 | €8,691 | -€799 | -8.4% |
| Recurring financial charges | 65 | €9,490 | €8,691 | -€799 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €9,952 | €28,982 | +€19,030 | +191.2% |
| Transfer from deferred taxes | 780 | €1,289 | €1,289 | = | 0.0% |
| Income taxes | 67/77 | €4,460 | €10,502 | +€6,042 | +135.5% |
| Profit (loss) for the period | 9904 | €6,781 | €19,768 | +€12,987 | +191.5% |
| Transfer from tax-exempt reserves | 789 | €2,502 | €2,502 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,283 | €22,271 | +€12,987 | +139.9% |
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.