MANAGEMENT & IT SOLUTIONS: 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.
MANAGEMENT & IT SOLUTIONS
Largest movements
- Tangible fixed assets +€545,116
up €545,116 (+176%), from €309,109 to €854,225
of which Land and buildings: +€549,101
- Receivables within one year -€17,545
down €17,545 (-41.2%), from €42,592 to €25,047
of which Other amounts receivable: -€11,547
- Debts after one year +€500,096
up €500,096 (+202%), from €247,143 to €747,239
- Other debts +€35,736
up €35,736 (+476%), from €7,501 to €43,237
- Profit (loss) carried forward -€29,666
down €29,666, from €0 to -€29,666
- Current portion of long-term debt +€20,174
up €20,174 (+51.0%), from €39,590 to €59,763
- Gross operating margin -€83,718
down €83,718 (-77.4%), from €108,133 to €24,415
- Depreciation -€28,251
down €28,251 (-47.1%), from €59,964 to €31,713
- Financial charges -€9,994
down €9,994 (-41.5%), from €24,053 to €14,060
- Taxes -€8,821
down €8,821 (-92.0%), from €9,589 to €768
- Staff costs +€3,148
new in 2025: €3,148
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 | €379,829 | €907,389 | +€527,559 | +139% |
| Fixed assets | 21/28 | €309,109 | €854,225 | +€545,116 | +176% |
| Tangible fixed assets | 22/27 | €309,109 | €854,225 | +€545,116 | +176% |
| Land and buildings | 22 | €294,341 | €843,442 | +€549,101 | +187% |
| Plant, machinery and equipment | 23 | €174 | €87 | -€87 | -50.0% |
| Furniture and vehicles | 24 | €9,779 | €7,712 | -€2,067 | -21.1% |
| Other tangible fixed assets | 26 | €4,816 | €2,985 | -€1,831 | -38.0% |
| Current assets | 29/58 | €70,720 | €53,164 | -€17,556 | -24.8% |
| Amounts receivable within one year | 40/41 | €42,592 | €25,047 | -€17,545 | -41.2% |
| Trade receivables | 40 | €30,260 | €24,261 | -€5,998 | -19.8% |
| Other amounts receivable | 41 | €12,332 | €785 | -€11,547 | -93.6% |
| Cash at bank and in hand | 54/58 | €26,005 | €25,874 | -€130 | -0.5% |
| Deferred charges and accrued income | 490/1 | €2,123 | €2,242 | +€119 | +5.6% |
| Total equity and liabilities | 10/49 | €379,829 | €907,389 | +€527,559 | +139% |
| Equity | 10/15 | €58,992 | €29,326 | -€29,666 | -50.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,392 | €40,392 | = | 0.0% |
| Distributable reserves | 133 | €40,392 | €40,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€29,666 | -€29,666 | |
| Amounts payable | 17/49 | €320,837 | €878,062 | +€557,226 | +174% |
| Amounts payable after more than one year | 17 | €247,143 | €747,239 | +€500,096 | +202% |
| Financial debts | 170/4 | €247,143 | €747,239 | +€500,096 | +202% |
| Amounts payable within one year | 42/48 | €73,694 | €130,824 | +€57,130 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €39,590 | €59,763 | +€20,174 | +51.0% |
| Financial debts | 43 | €0 | €775 | +€775 | |
| Credit institutions | 430/8 | €0 | €775 | +€775 | |
| Trade debts | 44 | €16,835 | €8,976 | -€7,858 | -46.7% |
| Suppliers | 440/4 | €16,835 | €8,976 | -€7,858 | -46.7% |
| Taxes, remuneration and social security | 45 | €9,769 | €18,072 | +€8,303 | +85.0% |
| Taxes | 450/3 | €9,769 | €17,878 | +€8,109 | +83.0% |
| Remuneration and social security | 454/9 | €0 | €194 | +€194 | |
| Other amounts payable | 47/48 | €7,501 | €43,237 | +€35,736 | +476% |
| Non-recurring operating income | 76A | €844 | €686 | -€158 | -18.7% |
| Remuneration, social security and pensions | 62 | - | €3,148 | +€3,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,964 | €31,713 | -€28,251 | -47.1% |
| Other operating charges | 640/8 | €2,295 | €2,424 | +€130 | +5.7% |
| Non-recurring operating charges | 66A | - | €1,969 | +€1,969 | |
| Gross operating margin | 9900 | €108,133 | €24,415 | -€83,718 | -77.4% |
| Operating profit (loss) | 9901 | €45,875 | -€14,839 | -€60,713 | |
| Financial income | 75/76B | €58 | €0 | -€58 | -100% |
| Recurring financial income | 75 | €58 | €0 | -€58 | -100% |
| Financial charges | 65/66B | €24,053 | €14,060 | -€9,994 | -41.5% |
| Recurring financial charges | 65 | €24,053 | €14,060 | -€9,994 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €21,879 | -€28,898 | -€50,777 | |
| Income taxes | 67/77 | €9,589 | €768 | -€8,821 | -92.0% |
| Profit (loss) for the period | 9904 | €12,290 | -€29,666 | -€41,956 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,290 | -€29,666 | -€41,956 |
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 14 October 2026 via checked.be.