MANAGEMENT AND SOFTWARE: 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.
MANAGEMENT AND SOFTWARE
Largest movements
- Receivables within one year +€74,596
up €74,596 (+51.6%), from €144,506 to €219,101
of which Trade receivables: +€99,157
- Tangible fixed assets -€27,077
down €27,077 (-6.7%), from €405,306 to €378,229
of which Land and buildings: -€22,013
- Cash +€13,568
up €13,568 (+10.2%), from €132,483 to €146,051
mainly Net result for the year (+€170,654) and Other debts (+€45,236)
- Reserves +€100,000
up €100,000 (+15.5%), from €645,076 to €745,076
of which Distributable reserves: +€100,000
- Trade debts -€63,472
down €63,472 (-25.2%), from €251,399 to €187,927
- Other debts +€45,236
up €45,236 (+180.9%), from €25,000 to €70,236
- Debts after one year -€24,480
down €24,480 (-45.6%), from €53,711 to €29,231
- Gross operating margin +€75,407
up €75,407 (+41.2%), from €183,041 to €258,448
- Taxes +€30,468
up €30,468 (+78.9%), from €38,628 to €69,095
- Financial charges -€3,917
down €3,917 (-62.6%), from €6,261 to €2,344
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 | €1,102,137 | €1,162,674 | +€60,536 | +5.5% |
| Fixed assets | 21/28 | €823,745 | €796,669 | -€27,077 | -3.3% |
| Tangible fixed assets | 22/27 | €405,306 | €378,229 | -€27,077 | -6.7% |
| Land and buildings | 22 | €394,148 | €372,134 | -€22,013 | -5.6% |
| Furniture and vehicles | 24 | €11,158 | €6,095 | -€5,063 | -45.4% |
| Financial fixed assets | 28 | €418,439 | €418,439 | = | 0.0% |
| Current assets | 29/58 | €278,392 | €366,005 | +€87,613 | +31.5% |
| Amounts receivable within one year | 40/41 | €144,506 | €219,101 | +€74,596 | +51.6% |
| Trade receivables | 40 | €100,938 | €200,095 | +€99,157 | +98.2% |
| Other amounts receivable | 41 | €43,568 | €19,007 | -€24,561 | -56.4% |
| Cash at bank and in hand | 54/58 | €132,483 | €146,051 | +€13,568 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,403 | €853 | -€551 | -39.2% |
| Total equity and liabilities | 10/49 | €1,102,137 | €1,162,674 | +€60,536 | +5.5% |
| Equity | 10/15 | €713,928 | €814,583 | +€100,654 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €645,076 | €745,076 | +€100,000 | +15.5% |
| Tax-exempt reserves | 132 | €4,216 | €4,216 | = | 0.0% |
| Distributable reserves | 133 | €640,860 | €740,860 | +€100,000 | +15.6% |
| Profit (loss) carried forward | 14 | €62,653 | €63,307 | +€654 | +1.0% |
| Amounts payable | 17/49 | €388,209 | €348,091 | -€40,118 | -10.3% |
| Amounts payable after more than one year | 17 | €53,711 | €29,231 | -€24,480 | -45.6% |
| Financial debts | 170/4 | €53,711 | €29,231 | -€24,480 | -45.6% |
| Amounts payable within one year | 42/48 | €333,929 | €318,359 | -€15,569 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €30,847 | €24,480 | -€6,367 | -20.6% |
| Financial debts | 43 | €20,312 | €20,213 | -€99 | -0.5% |
| Credit institutions | 430/8 | €20,312 | €20,213 | -€99 | -0.5% |
| Trade debts | 44 | €251,399 | €187,927 | -€63,472 | -25.2% |
| Suppliers | 440/4 | €251,399 | €187,927 | -€63,472 | -25.2% |
| Taxes, remuneration and social security | 45 | €6,370 | €15,503 | +€9,132 | +143.4% |
| Taxes | 450/3 | €6,370 | €15,503 | +€9,132 | +143.4% |
| Other amounts payable | 47/48 | €25,000 | €70,236 | +€45,236 | +180.9% |
| Accrued charges and deferred income | 492/3 | €569 | €500 | -€69 | -12.1% |
| Non-recurring operating income | 76A | €275 | €278 | +€3 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,614 | €27,077 | -€537 | -1.9% |
| Other operating charges | 640/8 | €5,892 | €4,279 | -€1,613 | -27.4% |
| Gross operating margin | 9900 | €183,041 | €258,448 | +€75,407 | +41.2% |
| Operating profit (loss) | 9901 | €149,535 | €227,093 | +€77,558 | +51.9% |
| Financial income | 75/76B | €15,000 | €15,000 | = | 0.0% |
| Recurring financial income | 75 | €15,000 | €15,000 | = | 0.0% |
| Financial charges | 65/66B | €6,261 | €2,344 | -€3,917 | -62.6% |
| Recurring financial charges | 65 | €6,261 | €2,344 | -€3,917 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €158,274 | €239,750 | +€81,475 | +51.5% |
| Income taxes | 67/77 | €38,628 | €69,095 | +€30,468 | +78.9% |
| Profit (loss) for the period | 9904 | €119,647 | €170,654 | +€51,008 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,647 | €170,654 | +€51,008 | +42.6% |
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 7 October 2026 via checked.be.