Main Solutions: 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.
Main Solutions
Largest movements
- Cash +€34,425
up €34,425 (+41.9%), from €82,239 to €116,664
mainly Stocks and contracts (+€30,500) and Depreciation (+€26,849)
- Stocks and contracts -€30,500
no longer reported in 2025 (was €30,500)
- Tangible fixed assets -€21,763
down €21,763 (-39.5%), from €55,093 to €33,330
of which Furniture and vehicles: -€16,854
- Reserves -€15,224
down €15,224 (-9.3%), from €163,017 to €147,793
of which Distributable reserves: -€15,224
- Tax, wage and social debts +€5,537
up €5,537 (+147.2%), from €3,761 to €9,298
- Short-term financial debts -€5,111
no longer reported in 2025 (was €5,111)
- Trade debts -€2,360
down €2,360 (-51.3%), from €4,596 to €2,236
- Gross operating margin +€3,173
up €3,173 (+8.0%), from €39,474 to €42,647
- Taxes +€1,159
up €1,159 (+27.2%), from €4,255 to €5,414
- Other operating charges +€916
up €916 (+506.0%), from €181 to €1,097
- Financial charges -€760
down €760 (-58.1%), from €1,309 to €549
- Financial income +€562
up €562 (+395.5%), from €142 to €704
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 | €191,473 | €174,762 | -€16,711 | -8.7% |
| Fixed assets | 21/28 | €55,093 | €33,330 | -€21,763 | -39.5% |
| Tangible fixed assets | 22/27 | €55,093 | €33,330 | -€21,763 | -39.5% |
| Plant, machinery and equipment | 23 | €10,377 | €5,467 | -€4,909 | -47.3% |
| Furniture and vehicles | 24 | €44,716 | €27,863 | -€16,854 | -37.7% |
| Current assets | 29/58 | €136,380 | €141,432 | +€5,052 | +3.7% |
| Stocks and contracts in progress | 3 | €30,500 | - | -€30,500 | |
| Stocks | 30/36 | €30,500 | - | -€30,500 | |
| Amounts receivable within one year | 40/41 | €19,750 | €21,206 | +€1,456 | +7.4% |
| Trade receivables | 40 | €8,968 | €11,415 | +€2,447 | +27.3% |
| Other amounts receivable | 41 | €10,782 | €9,791 | -€991 | -9.2% |
| Cash at bank and in hand | 54/58 | €82,239 | €116,664 | +€34,425 | +41.9% |
| Deferred charges and accrued income | 490/1 | €3,892 | €3,563 | -€329 | -8.5% |
| Total equity and liabilities | 10/49 | €191,473 | €174,762 | -€16,711 | -8.7% |
| Equity | 10/15 | €169,217 | €153,993 | -€15,224 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,017 | €147,793 | -€15,224 | -9.3% |
| Tax-exempt reserves | 132 | €763 | €763 | = | 0.0% |
| Distributable reserves | 133 | €162,253 | €147,029 | -€15,224 | -9.4% |
| Amounts payable | 17/49 | €22,256 | €20,769 | -€1,487 | -6.7% |
| Amounts payable within one year | 42/48 | €22,256 | €20,569 | -€1,687 | -7.6% |
| Financial debts | 43 | €5,111 | - | -€5,111 | |
| Credit institutions | 430/8 | €5,111 | - | -€5,111 | |
| Trade debts | 44 | €4,596 | €2,236 | -€2,360 | -51.3% |
| Suppliers | 440/4 | €4,596 | €2,236 | -€2,360 | -51.3% |
| Taxes, remuneration and social security | 45 | €3,761 | €9,298 | +€5,537 | +147.2% |
| Taxes | 450/3 | €3,761 | €9,298 | +€5,537 | +147.2% |
| Other amounts payable | 47/48 | €8,789 | €9,036 | +€247 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,322 | €26,849 | +€527 | +2.0% |
| Other operating charges | 640/8 | €181 | €1,097 | +€916 | +506.0% |
| Gross operating margin | 9900 | €39,474 | €42,647 | +€3,173 | +8.0% |
| Operating profit (loss) | 9901 | €12,971 | €14,700 | +€1,730 | +13.3% |
| Financial income | 75/76B | €142 | €704 | +€562 | +395.5% |
| Recurring financial income | 75 | €142 | €704 | +€562 | +395.5% |
| Financial charges | 65/66B | €1,309 | €549 | -€760 | -58.1% |
| Recurring financial charges | 65 | €1,309 | €549 | -€760 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €11,803 | €14,855 | +€3,052 | +25.9% |
| Income taxes | 67/77 | €4,255 | €5,414 | +€1,159 | +27.2% |
| Profit (loss) for the period | 9904 | €7,548 | €9,441 | +€1,893 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,548 | €9,441 | +€1,893 | +25.1% |
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 8 October 2026 via checked.be.