Manage & Create: 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.
Manage & Create
Largest movements
- Cash +€31,126
up €31,126 (+38.8%), from €80,190 to €111,316
mainly Net result for the year (+€52,911) and Depreciation (+€32,962)
- Tangible fixed assets -€30,135
down €30,135 (-30.7%), from €98,271 to €68,136
of which Furniture and vehicles: -€29,652
- Reserves +€31,911
up €31,911 (+31.6%), from €100,963 to €132,874
- Debts after one year -€12,883
down €12,883 (-30.1%), from €42,765 to €29,882
- Current portion of long-term debt -€7,197
down €7,197 (-35.8%), from €20,081 to €12,884
- Tax, wage and social debts -€6,948
down €6,948 (-27.2%), from €25,501 to €18,553
- Other debts -€2,500
down €2,500 (-10.6%), from €23,500 to €21,000
- Gross operating margin +€24,834
up €24,834 (+31.5%), from €78,766 to €103,600
- Taxes +€5,075
up €5,075 (+52.2%), from €9,731 to €14,806
- Depreciation +€2,718
up €2,718 (+9.0%), from €30,244 to €32,962
- Other operating charges -€2,410
down €2,410 (-63.8%), from €3,778 to €1,368
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 | €219,823 | €220,695 | +€872 | +0.4% |
| Fixed assets | 21/28 | €98,271 | €68,136 | -€30,135 | -30.7% |
| Tangible fixed assets | 22/27 | €98,271 | €68,136 | -€30,135 | -30.7% |
| Plant, machinery and equipment | 23 | €1,703 | €1,512 | -€191 | -11.2% |
| Furniture and vehicles | 24 | €94,602 | €64,950 | -€29,652 | -31.3% |
| Other tangible fixed assets | 26 | €1,966 | €1,674 | -€292 | -14.9% |
| Current assets | 29/58 | €121,552 | €152,559 | +€31,007 | +25.5% |
| Amounts receivable within one year | 40/41 | €40,934 | €40,814 | -€120 | -0.3% |
| Trade receivables | 40 | €19,099 | €22,961 | +€3,862 | +20.2% |
| Other amounts receivable | 41 | €21,835 | €17,853 | -€3,982 | -18.2% |
| Cash at bank and in hand | 54/58 | €80,190 | €111,316 | +€31,126 | +38.8% |
| Deferred charges and accrued income | 490/1 | €428 | €429 | +€1 | +0.2% |
| Total equity and liabilities | 10/49 | €219,823 | €220,695 | +€872 | +0.4% |
| Equity | 10/15 | €103,463 | €135,374 | +€31,911 | +30.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €100,963 | €132,874 | +€31,911 | +31.6% |
| Distributable reserves | 133 | €100,963 | €132,874 | +€31,911 | +31.6% |
| Amounts payable | 17/49 | €116,360 | €85,321 | -€31,039 | -26.7% |
| Amounts payable after more than one year | 17 | €42,765 | €29,882 | -€12,883 | -30.1% |
| Financial debts | 170/4 | €42,765 | €29,882 | -€12,883 | -30.1% |
| Amounts payable within one year | 42/48 | €73,595 | €55,439 | -€18,156 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €20,081 | €12,884 | -€7,197 | -35.8% |
| Trade debts | 44 | €4,513 | €3,002 | -€1,511 | -33.5% |
| Suppliers | 440/4 | €4,513 | €3,002 | -€1,511 | -33.5% |
| Taxes, remuneration and social security | 45 | €25,501 | €18,553 | -€6,948 | -27.2% |
| Taxes | 450/3 | €25,501 | €18,553 | -€6,948 | -27.2% |
| Other amounts payable | 47/48 | €23,500 | €21,000 | -€2,500 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,244 | €32,962 | +€2,718 | +9.0% |
| Other operating charges | 640/8 | €3,778 | €1,368 | -€2,410 | -63.8% |
| Gross operating margin | 9900 | €78,766 | €103,600 | +€24,834 | +31.5% |
| Operating profit (loss) | 9901 | €44,744 | €69,270 | +€24,526 | +54.8% |
| Financial income | 75/76B | €1,125 | €1,025 | -€100 | -8.9% |
| Recurring financial income | 75 | €1,125 | €1,025 | -€100 | -8.9% |
| Financial charges | 65/66B | €2,651 | €2,578 | -€73 | -2.8% |
| Recurring financial charges | 65 | €2,651 | €2,578 | -€73 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €43,218 | €67,717 | +€24,499 | +56.7% |
| Income taxes | 67/77 | €9,731 | €14,806 | +€5,075 | +52.2% |
| Profit (loss) for the period | 9904 | €33,487 | €52,911 | +€19,424 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,487 | €52,911 | +€19,424 | +58.0% |
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 6 October 2026 via checked.be.