MATCHING FIGURES: 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.
MATCHING FIGURES
Largest movements
- Tangible fixed assets +€279,930
up €279,930 (+1259.1%), from €22,232 to €302,162
of which Land and buildings: +€284,000
- Receivables within one year +€51,752
up €51,752 (+79.7%), from €64,969 to €116,721
of which Other amounts receivable: +€44,044
- Cash -€7,426
down €7,426 (-19.1%), from €38,842 to €31,415
mainly Investment in fixed assets (net) (-€284,000) and Receivables within one year (-€51,752)
- Debts after one year +€268,219
up €268,219 (+2643.6%), from €10,146 to €278,366
- Reserves +€60,595
up €60,595 (+98.4%), from €61,582 to €122,177
- Other debts -€19,124
down €19,124 (-91.4%), from €20,930 to €1,806
- Tax, wage and social debts -€14,870
down €14,870 (-47.1%), from €31,570 to €16,700
of which Taxes: -€22,151
- Short-term financial debts +€12,563
up €12,563 (+530.3%), from €2,369 to €14,932
- Gross operating margin +€85,554
up €85,554 (+74.2%), from €115,289 to €200,843
- Staff costs +€53,018
up €53,018 (+110.5%), from €47,969 to €100,987
- Other operating charges +€5,278
up €5,278 (+200.4%), from €2,634 to €7,912
- Taxes +€3,313
up €3,313 (+18.8%), from €17,594 to €20,907
- Write-downs +€2,809
new in 2025: €2,809
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 | €145,205 | €471,981 | +€326,776 | +225.0% |
| Fixed assets | 21/28 | €23,564 | €303,008 | +€279,445 | +1185.9% |
| Intangible fixed assets | 21 | €1,331 | €846 | -€485 | -36.4% |
| Tangible fixed assets | 22/27 | €22,232 | €302,162 | +€279,930 | +1259.1% |
| Land and buildings | 22 | - | €284,000 | +€284,000 | |
| Plant, machinery and equipment | 23 | €4,001 | €2,627 | -€1,374 | -34.3% |
| Furniture and vehicles | 24 | €1,445 | €826 | -€619 | -42.8% |
| Leasing and similar rights | 25 | €16,786 | €14,709 | -€2,077 | -12.4% |
| Current assets | 29/58 | €121,641 | €168,973 | +€47,332 | +38.9% |
| Amounts receivable within one year | 40/41 | €64,969 | €116,721 | +€51,752 | +79.7% |
| Trade receivables | 40 | €64,761 | €72,470 | +€7,709 | +11.9% |
| Other amounts receivable | 41 | €208 | €44,252 | +€44,044 | +21168.7% |
| Cash at bank and in hand | 54/58 | €38,842 | €31,415 | -€7,426 | -19.1% |
| Deferred charges and accrued income | 490/1 | €17,831 | €20,837 | +€3,006 | +16.9% |
| Total equity and liabilities | 10/49 | €145,205 | €471,981 | +€326,776 | +225.0% |
| Equity | 10/15 | €71,582 | €132,177 | +€60,595 | +84.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €61,582 | €122,177 | +€60,595 | +98.4% |
| Distributable reserves | 133 | €61,582 | €122,177 | +€60,595 | +98.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,623 | €339,804 | +€266,181 | +361.5% |
| Amounts payable after more than one year | 17 | €10,146 | €278,366 | +€268,219 | +2643.6% |
| Financial debts | 170/4 | €10,146 | €278,366 | +€268,219 | +2643.6% |
| Amounts payable within one year | 42/48 | €63,477 | €61,191 | -€2,285 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €5,508 | €15,781 | +€10,272 | +186.5% |
| Financial debts | 43 | €2,369 | €14,932 | +€12,563 | +530.3% |
| Credit institutions | 430/8 | €2,369 | €14,932 | +€12,563 | +530.3% |
| Trade debts | 44 | €3,099 | €11,973 | +€8,874 | +286.3% |
| Suppliers | 440/4 | €3,099 | €11,973 | +€8,874 | +286.3% |
| Taxes, remuneration and social security | 45 | €31,570 | €16,700 | -€14,870 | -47.1% |
| Taxes | 450/3 | €26,077 | €3,927 | -€22,151 | -84.9% |
| Remuneration and social security | 454/9 | €5,493 | €12,773 | +€7,281 | +132.6% |
| Other amounts payable | 47/48 | €20,930 | €1,806 | -€19,124 | -91.4% |
| Accrued charges and deferred income | 492/3 | €0 | €247 | +€247 | |
| Remuneration, social security and pensions | 62 | €47,969 | €100,987 | +€53,018 | +110.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,801 | €4,555 | +€755 | +19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,809 | +€2,809 | |
| Other operating charges | 640/8 | €2,634 | €7,912 | +€5,278 | +200.4% |
| Gross operating margin | 9900 | €115,289 | €200,843 | +€85,554 | +74.2% |
| Operating profit (loss) | 9901 | €60,885 | €84,579 | +€23,694 | +38.9% |
| Financial income | 75/76B | €355 | €197 | -€157 | -44.4% |
| Recurring financial income | 75 | €355 | €197 | -€157 | -44.4% |
| Financial charges | 65/66B | €692 | €1,608 | +€917 | +132.6% |
| Recurring financial charges | 65 | €692 | €1,608 | +€917 | +132.6% |
| Profit (loss) for the period before taxes | 9903 | €60,548 | €83,168 | +€22,620 | +37.4% |
| Income taxes | 67/77 | €17,594 | €20,907 | +€3,313 | +18.8% |
| Profit (loss) for the period | 9904 | €42,954 | €62,261 | +€19,307 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,954 | €62,261 | +€19,307 | +44.9% |
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 8 October 2026 via checked.be.