MEASUREX: 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.
MEASUREX
Largest movements
- Stocks and contracts -€47,926
down €47,926 (-18.1%), from €264,680 to €216,754
- Receivables within one year -€11,258
down €11,258 (-56.6%), from €19,899 to €8,641
of which Other amounts receivable: -€9,073
- Receivables after one year -€6,061
no longer reported in 2025 (was €6,061)
- Other debts -€60,000
down €60,000 (-36.4%), from €165,000 to €105,000
- Debts after one year -€23,611
no longer reported in 2025 (was €23,611)
- Reserves +€22,289
up €22,289 (+43.5%), from €51,214 to €73,503
of which Distributable reserves: +€22,289
- Tax, wage and social debts -€4,762
down €4,762 (-69.6%), from €6,844 to €2,082
- Advances received +€3,861
new in 2025: €3,861
- Turnover +€22,378
up €22,378 (+33.9%), from €66,082 to €88,460
- Gross operating margin +€9,238
up €9,238 (+35.1%), from €26,313 to €35,551
- Taxes +€1,619
up €1,619 (+27.9%), from €5,811 to €7,430
- Staff costs +€1,587
up €1,587 (+56.1%), from €2,829 to €4,417
- Financial charges -€971
down €971 (-38.5%), from €2,524 to €1,553
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 | €295,496 | €232,090 | -€63,406 | -21.5% |
| Current assets | 29/58 | €295,496 | €232,090 | -€63,406 | -21.5% |
| Amounts receivable after more than one year | 29 | €6,061 | - | -€6,061 | |
| Other amounts receivable | 291 | €6,061 | - | -€6,061 | |
| Stocks and contracts in progress | 3 | €264,680 | €216,754 | -€47,926 | -18.1% |
| Stocks | 30/36 | €264,680 | €216,754 | -€47,926 | -18.1% |
| Amounts receivable within one year | 40/41 | €19,899 | €8,641 | -€11,258 | -56.6% |
| Trade receivables | 40 | €2,185 | - | -€2,185 | |
| Other amounts receivable | 41 | €17,714 | €8,641 | -€9,073 | -51.2% |
| Cash at bank and in hand | 54/58 | €4,855 | €6,695 | +€1,839 | +37.9% |
| Total equity and liabilities | 10/49 | €295,496 | €232,090 | -€63,406 | -21.5% |
| Equity | 10/15 | €75,214 | €97,503 | +€22,289 | +29.6% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €51,214 | €73,503 | +€22,289 | +43.5% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €48,814 | €71,103 | +€22,289 | +45.7% |
| Amounts payable | 17/49 | €220,282 | €134,587 | -€85,695 | -38.9% |
| Amounts payable after more than one year | 17 | €23,611 | - | -€23,611 | |
| Financial debts | 170/4 | €23,611 | - | -€23,611 | |
| Amounts payable within one year | 42/48 | €196,671 | €134,587 | -€62,084 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €24,794 | €23,611 | -€1,183 | -4.8% |
| Trade debts | 44 | €33 | €33 | = | 0.0% |
| Suppliers | 440/4 | €33 | €33 | = | 0.0% |
| Advances received on contracts in progress | 46 | - | €3,861 | +€3,861 | |
| Taxes, remuneration and social security | 45 | €6,844 | €2,082 | -€4,762 | -69.6% |
| Taxes | 450/3 | €6,844 | €2,082 | -€4,762 | -69.6% |
| Other amounts payable | 47/48 | €165,000 | €105,000 | -€60,000 | -36.4% |
| Turnover | 70 | €66,082 | €88,460 | +€22,378 | +33.9% |
| Remuneration, social security and pensions | 62 | €2,829 | €4,417 | +€1,587 | +56.1% |
| Other operating charges | 640/8 | €595 | €534 | -€60 | -10.2% |
| Gross operating margin | 9900 | €26,313 | €35,551 | +€9,238 | +35.1% |
| Operating profit (loss) | 9901 | €22,889 | €30,600 | +€7,712 | +33.7% |
| Financial income | 75/76B | €1,409 | €672 | -€737 | -52.3% |
| Recurring financial income | 75 | €1,409 | €672 | -€737 | -52.3% |
| Financial charges | 65/66B | €2,524 | €1,553 | -€971 | -38.5% |
| Recurring financial charges | 65 | €2,524 | €1,553 | -€971 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €21,773 | €29,719 | +€7,946 | +36.5% |
| Income taxes | 67/77 | €5,811 | €7,430 | +€1,619 | +27.9% |
| Profit (loss) for the period | 9904 | €15,962 | €22,289 | +€6,327 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,962 | €22,289 | +€6,327 | +39.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.