MARKTECHNICAL: 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.
MARKTECHNICAL
Largest movements
- Receivables within one year +€9,550
up €9,550 (+22.0%), from €43,352 to €52,902
- Reserves +€9,354
up €9,354 (+24.1%), from €38,841 to €48,195
- Gross operating margin -€4,665
down €4,665 (-32.4%), from €14,377 to €9,712
- Other operating charges -€341
down €341 (-63.7%), from €535 to €194
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 | €46,285 | €55,672 | +€9,386 | +20.3% |
| Current assets | 29/58 | €46,285 | €55,672 | +€9,386 | +20.3% |
| Amounts receivable within one year | 40/41 | €43,352 | €52,902 | +€9,550 | +22.0% |
| Other amounts receivable | 41 | €43,352 | €52,902 | +€9,550 | +22.0% |
| Cash at bank and in hand | 54/58 | €2,933 | €2,770 | -€163 | -5.6% |
| Total equity and liabilities | 10/49 | €46,285 | €55,672 | +€9,386 | +20.3% |
| Equity | 10/15 | €45,046 | €54,400 | +€9,354 | +20.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €38,841 | €48,195 | +€9,354 | +24.1% |
| Distributable reserves | 133 | €38,841 | €48,195 | +€9,354 | +24.1% |
| Amounts payable | 17/49 | €1,239 | €1,271 | +€32 | +2.6% |
| Amounts payable within one year | 42/48 | €1,239 | €1,271 | +€32 | +2.6% |
| Trade debts | 44 | €1,025 | €1,271 | +€246 | +24.0% |
| Suppliers | 440/4 | €1,025 | €1,271 | +€246 | +24.0% |
| Taxes, remuneration and social security | 45 | €214 | €0 | -€214 | -100% |
| Taxes | 450/3 | €214 | €0 | -€214 | -100% |
| Other operating charges | 640/8 | €535 | €194 | -€341 | -63.7% |
| Gross operating margin | 9900 | €14,377 | €9,712 | -€4,665 | -32.4% |
| Operating profit (loss) | 9901 | €13,842 | €9,517 | -€4,324 | -31.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €154 | €163 | +€9 | +5.8% |
| Recurring financial charges | 65 | €154 | €163 | +€9 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €13,687 | €9,354 | -€4,333 | -31.7% |
| Profit (loss) for the period | 9904 | €13,687 | €9,354 | -€4,333 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,687 | €9,354 | -€4,333 | -31.7% |
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 26 October 2026 via checked.be.