MAKE YOUR SUCCESS: 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.
MAKE YOUR SUCCESS
Largest movements
- Stocks and contracts -€211,768
down €211,768 (-100%), from €211,768 to €0
- Tangible fixed assets -€40,286
down €40,286 (-14.0%), from €286,946 to €246,660
of which Furniture and vehicles: -€36,372
- Cash -€38,024
down €38,024 (-77.7%), from €48,906 to €10,882
mainly Debts after one year (-€275,272) and Trade debts (-€116,621)
- Intangible fixed assets -€36,083
down €36,083 (-44.4%), from €81,185 to €45,101
- Debts after one year -€275,272
down €275,272 (-32.0%), from €859,783 to €584,511
- Trade debts -€116,621
down €116,621 (-61.9%), from €188,318 to €71,697
- Profit (loss) carried forward -€62,103
down €62,103 (-45.5%), from €136,494 to €74,391
- Other debts +€51,391
up €51,391 (+174%), from €29,473 to €80,864
- Tax, wage and social debts +€51,174
up €51,174 (+25.9%), from €197,710 to €248,885
of which Taxes: +€41,891
- Other operating charges -€40,808
down €40,808 (-90.6%), from €45,055 to €4,246
- Staff costs +€38,963
up €38,963 (+29.6%), from €131,819 to €170,782
- Financial charges +€29,346
up €29,346 (+156%), from €18,813 to €48,159
- Depreciation +€18,489
up €18,489 (+32.6%), from €56,738 to €75,227
- Gross operating margin -€13,880
down €13,880 (-3.5%), from €397,112 to €383,232
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.
Derived cash bridge
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 | €1,515,115 | €1,213,064 | -€302,051 | -19.9% |
| Fixed assets | 21/28 | €1,071,510 | €996,484 | -€75,026 | -7.0% |
| Intangible fixed assets | 21 | €81,185 | €45,101 | -€36,083 | -44.4% |
| Tangible fixed assets | 22/27 | €286,946 | €246,660 | -€40,286 | -14.0% |
| Land and buildings | 22 | €139,656 | €134,994 | -€4,662 | -3.3% |
| Furniture and vehicles | 24 | €146,702 | €110,331 | -€36,372 | -24.8% |
| Assets under construction and advance payments | 27 | €587 | €1,335 | +€748 | +127% |
| Financial fixed assets | 28 | €703,380 | €704,723 | +€1,343 | +0.2% |
| Current assets | 29/58 | €443,605 | €216,580 | -€227,025 | -51.2% |
| Stocks and contracts in progress | 3 | €211,768 | €0 | -€211,768 | -100% |
| Stocks | 30/36 | €211,768 | €0 | -€211,768 | -100% |
| Amounts receivable within one year | 40/41 | €175,218 | €186,900 | +€11,682 | +6.7% |
| Trade receivables | 40 | €0 | €17,624 | +€17,624 | |
| Other amounts receivable | 41 | €175,218 | €169,276 | -€5,942 | -3.4% |
| Cash at bank and in hand | 54/58 | €48,906 | €10,882 | -€38,024 | -77.7% |
| Deferred charges and accrued income | 490/1 | €7,713 | €18,799 | +€11,086 | +144% |
| Total equity and liabilities | 10/49 | €1,515,115 | €1,213,064 | -€302,051 | -19.9% |
| Equity | 10/15 | €163,251 | €101,147 | -€62,103 | -38.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,756 | €23,756 | = | 0.0% |
| Distributable reserves | 133 | €23,756 | €23,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,494 | €74,391 | -€62,103 | -45.5% |
| Amounts payable | 17/49 | €1,351,864 | €1,111,917 | -€239,948 | -17.7% |
| Amounts payable after more than one year | 17 | €859,783 | €584,511 | -€275,272 | -32.0% |
| Financial debts | 170/4 | €859,783 | €584,511 | -€275,272 | -32.0% |
| Amounts payable within one year | 42/48 | €485,886 | €521,827 | +€35,940 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €70,385 | €76,616 | +€6,230 | +8.9% |
| Financial debts | 43 | - | €43,766 | +€43,766 | |
| Credit institutions | 430/8 | - | €43,766 | +€43,766 | |
| Trade debts | 44 | €188,318 | €71,697 | -€116,621 | -61.9% |
| Suppliers | 440/4 | €188,318 | €71,697 | -€116,621 | -61.9% |
| Taxes, remuneration and social security | 45 | €197,710 | €248,885 | +€51,174 | +25.9% |
| Taxes | 450/3 | €179,350 | €221,240 | +€41,891 | +23.4% |
| Remuneration and social security | 454/9 | €18,361 | €27,644 | +€9,284 | +50.6% |
| Other amounts payable | 47/48 | €29,473 | €80,864 | +€51,391 | +174% |
| Accrued charges and deferred income | 492/3 | €6,195 | €5,579 | -€616 | -9.9% |
| Remuneration, social security and pensions | 62 | €131,819 | €170,782 | +€38,963 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,738 | €75,227 | +€18,489 | +32.6% |
| Other operating charges | 640/8 | €45,055 | €4,246 | -€40,808 | -90.6% |
| Gross operating margin | 9900 | €397,112 | €383,232 | -€13,880 | -3.5% |
| Operating profit (loss) | 9901 | €163,500 | €132,976 | -€30,523 | -18.7% |
| Financial income | 75/76B | €80 | €4 | -€76 | -95.2% |
| Recurring financial income | 75 | €80 | €4 | -€76 | -95.2% |
| Financial charges | 65/66B | €18,813 | €48,159 | +€29,346 | +156% |
| Recurring financial charges | 65 | €18,813 | €48,159 | +€29,346 | +156% |
| Profit (loss) for the period before taxes | 9903 | €144,767 | €84,822 | -€59,945 | -41.4% |
| Income taxes | 67/77 | €53,491 | €46,925 | -€6,567 | -12.3% |
| Profit (loss) for the period | 9904 | €91,275 | €37,897 | -€53,379 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,275 | €37,897 | -€53,379 | -58.5% |
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 16 October 2026 via checked.be.