LOOKOUT: 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.
LOOKOUT
Largest movements
- Cash +€26,077
up €26,077 (+40.4%), from €64,478 to €90,555
mainly Net result for the year (+€24,054) and Receivables within one year (+€10,566)
- Receivables within one year -€10,566
down €10,566 (-26.6%), from €39,698 to €29,133
of which Trade receivables: -€5,643
- Tangible fixed assets -€8,628
down €8,628 (-21.4%), from €40,325 to €31,697
of which Furniture and vehicles: -€7,414
- Reserves +€14,916
up €14,916 (+13.1%), from €113,928 to €128,844
- Debts after one year -€6,346
down €6,346 (-25.4%), from €24,993 to €18,647
- Depreciation +€4,922
up €4,922 (+132.8%), from €3,706 to €8,628
- Taxes -€2,868
down €2,868 (-19.6%), from €14,616 to €11,748
- Gross operating margin -€1,427
down €1,427 (-3.0%), from €47,123 to €45,695
- Financial charges +€588
up €588 (+100.2%), from €587 to €1,176
- Financial income -€562
down €562 (-76.6%), from €733 to €171
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 | €210,018 | €218,962 | +€8,944 | +4.3% |
| Fixed assets | 21/28 | €40,325 | €31,697 | -€8,628 | -21.4% |
| Tangible fixed assets | 22/27 | €40,325 | €31,697 | -€8,628 | -21.4% |
| Land and buildings | 22 | €3,622 | €3,172 | -€450 | -12.4% |
| Plant, machinery and equipment | 23 | €2,024 | €1,260 | -€764 | -37.8% |
| Furniture and vehicles | 24 | €34,680 | €27,266 | -€7,414 | -21.4% |
| Current assets | 29/58 | €169,693 | €187,265 | +€17,572 | +10.4% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,698 | €29,133 | -€10,566 | -26.6% |
| Trade receivables | 40 | €21,090 | €15,448 | -€5,643 | -26.8% |
| Other amounts receivable | 41 | €18,608 | €13,685 | -€4,923 | -26.5% |
| Current investments | 50/53 | €16,821 | €16,821 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,478 | €90,555 | +€26,077 | +40.4% |
| Deferred charges and accrued income | 490/1 | €18,695 | €20,756 | +€2,061 | +11.0% |
| Total equity and liabilities | 10/49 | €210,018 | €218,962 | +€8,944 | +4.3% |
| Equity | 10/15 | €162,907 | €177,823 | +€14,916 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €113,928 | €128,844 | +€14,916 | +13.1% |
| Distributable reserves | 133 | €113,928 | €128,844 | +€14,916 | +13.1% |
| Profit (loss) carried forward | 14 | €36,579 | €36,579 | = | 0.0% |
| Amounts payable | 17/49 | €47,111 | €41,139 | -€5,972 | -12.7% |
| Amounts payable after more than one year | 17 | €24,993 | €18,647 | -€6,346 | -25.4% |
| Financial debts | 170/4 | €24,993 | €18,647 | -€6,346 | -25.4% |
| Amounts payable within one year | 42/48 | €22,119 | €22,492 | +€374 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €6,126 | €6,346 | +€220 | +3.6% |
| Trade debts | 44 | €1,056 | €406 | -€650 | -61.5% |
| Suppliers | 440/4 | €1,056 | €406 | -€650 | -61.5% |
| Taxes, remuneration and social security | 45 | €14,937 | €15,741 | +€804 | +5.4% |
| Taxes | 450/3 | €13,661 | €14,530 | +€869 | +6.4% |
| Remuneration and social security | 454/9 | €1,275 | €1,210 | -€65 | -5.1% |
| Non-recurring operating income | 76A | €5,430 | - | -€5,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,706 | €8,628 | +€4,922 | +132.8% |
| Other operating charges | 640/8 | €358 | €260 | -€98 | -27.4% |
| Gross operating margin | 9900 | €47,123 | €45,695 | -€1,427 | -3.0% |
| Operating profit (loss) | 9901 | €43,058 | €36,807 | -€6,252 | -14.5% |
| Financial income | 75/76B | €733 | €171 | -€562 | -76.6% |
| Recurring financial income | 75 | €733 | €171 | -€562 | -76.6% |
| Financial charges | 65/66B | €587 | €1,176 | +€588 | +100.2% |
| Recurring financial charges | 65 | €587 | €1,176 | +€588 | +100.2% |
| Profit (loss) for the period before taxes | 9903 | €43,204 | €35,802 | -€7,402 | -17.1% |
| Income taxes | 67/77 | €14,616 | €11,748 | -€2,868 | -19.6% |
| Profit (loss) for the period | 9904 | €28,588 | €24,054 | -€4,533 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,588 | €24,054 | -€4,533 | -15.9% |
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 4 October 2026 via checked.be.