MIRROR MIRROR: 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.
MIRROR MIRROR
Largest movements
- Receivables within one year -€42,293
down €42,293 (-8.7%), from €488,431 to €446,137
of which Trade receivables: -€39,819
- Advances received -€57,666
down €57,666 (-37.1%), from €155,348 to €97,682
- Reserves +€26,000
up €26,000 (+14.2%), from €183,200 to €209,200
of which Distributable reserves: +€26,000
- Tax, wage and social debts -€21,365
down €21,365 (-24.1%), from €88,802 to €67,437
of which Taxes: -€12,640
- Trade debts +€5,733
up €5,733 (+13.8%), from €41,456 to €47,188
- Turnover -€130,296
down €130,296 (-22.4%), from €582,692 to €452,396
- Purchases and services -€48,334
down €48,334 (-20.3%), from €237,688 to €189,354
- Gross operating margin -€45,926
down €45,926 (-11.8%), from €389,560 to €343,634
- Staff costs -€25,038
down €25,038 (-7.1%), from €350,202 to €325,164
- Write-downs -€21,204
down €21,204 (-2,072%), from -€1,023 to -€22,227
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 | €531,605 | €484,576 | -€47,028 | -8.8% |
| Fixed assets | 21/28 | €5,845 | €1,968 | -€3,877 | -66.3% |
| Tangible fixed assets | 22/27 | €5,845 | €1,968 | -€3,877 | -66.3% |
| Plant, machinery and equipment | 23 | €5,845 | €1,968 | -€3,877 | -66.3% |
| Current assets | 29/58 | €525,760 | €482,608 | -€43,152 | -8.2% |
| Stocks and contracts in progress | 3 | €23,528 | €26,011 | +€2,483 | +10.6% |
| Contracts in progress | 37 | €23,528 | €26,011 | +€2,483 | +10.6% |
| Amounts receivable within one year | 40/41 | €488,431 | €446,137 | -€42,293 | -8.7% |
| Trade receivables | 40 | €119,613 | €79,794 | -€39,819 | -33.3% |
| Other amounts receivable | 41 | €368,818 | €366,343 | -€2,475 | -0.7% |
| Cash at bank and in hand | 54/58 | €10,856 | €7,330 | -€3,526 | -32.5% |
| Deferred charges and accrued income | 490/1 | €2,945 | €3,129 | +€185 | +6.3% |
| Total equity and liabilities | 10/49 | €531,605 | €484,576 | -€47,028 | -8.8% |
| Equity | 10/15 | €245,999 | €272,062 | +€26,063 | +10.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €183,200 | €209,200 | +€26,000 | +14.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €177,000 | €203,000 | +€26,000 | +14.7% |
| Profit (loss) carried forward | 14 | €799 | €862 | +€63 | +7.9% |
| Provisions and deferred taxes | 16 | - | €207 | +€207 | |
| Provisions for liabilities and charges | 160/5 | - | €207 | +€207 | |
| Pensions and similar obligations | 160 | - | €207 | +€207 | |
| Amounts payable | 17/49 | €285,605 | €212,307 | -€73,298 | -25.7% |
| Amounts payable within one year | 42/48 | €285,605 | €212,307 | -€73,298 | -25.7% |
| Trade debts | 44 | €41,456 | €47,188 | +€5,733 | +13.8% |
| Suppliers | 440/4 | €41,456 | €47,188 | +€5,733 | +13.8% |
| Advances received on contracts in progress | 46 | €155,348 | €97,682 | -€57,666 | -37.1% |
| Taxes, remuneration and social security | 45 | €88,802 | €67,437 | -€21,365 | -24.1% |
| Taxes | 450/3 | €45,460 | €32,820 | -€12,640 | -27.8% |
| Remuneration and social security | 454/9 | €43,342 | €34,617 | -€8,725 | -20.1% |
| Turnover | 70 | €582,692 | €452,396 | -€130,296 | -22.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €237,688 | €189,354 | -€48,334 | -20.3% |
| Remuneration, social security and pensions | 62 | €350,202 | €325,164 | -€25,038 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,496 | €3,877 | -€619 | -13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,023 | -€22,227 | -€21,204 | -2,072% |
| Other operating charges | 640/8 | €2,346 | €1,654 | -€692 | -29.5% |
| Gross operating margin | 9900 | €389,560 | €343,634 | -€45,926 | -11.8% |
| Operating profit (loss) | 9901 | €33,540 | €35,166 | +€1,626 | +4.8% |
| Financial income | 75/76B | €8,612 | €7,658 | -€955 | -11.1% |
| Recurring financial income | 75 | €8,612 | €7,658 | -€955 | -11.1% |
| Financial charges | 65/66B | €4,741 | €4,676 | -€65 | -1.4% |
| Recurring financial charges | 65 | €4,741 | €4,676 | -€65 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €37,411 | €38,148 | +€736 | +2.0% |
| Income taxes | 67/77 | €8,909 | €12,085 | +€3,175 | +35.6% |
| Profit (loss) for the period | 9904 | €28,502 | €26,063 | -€2,439 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,502 | €26,063 | -€2,439 | -8.6% |
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.