MISSION TARGET: 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.
MISSION TARGET
Largest movements
- Tangible fixed assets -€27,579
down €27,579 (-15.5%), from €178,186 to €150,607
of which Furniture and vehicles: -€19,890
- Receivables within one year -€17,000
down €17,000 (-12.1%), from €140,579 to €123,579
of which Trade receivables: -€12,821
- Deferred charges and accrued income -€9,348
down €9,348 (-82.8%), from €11,290 to €1,942
- Debts after one year -€24,926
down €24,926 (-27.1%), from €91,893 to €66,967
- Trade debts -€19,263
down €19,263 (-19.8%), from €97,184 to €77,922
- Profit (loss) carried forward -€15,327
down €15,327 (-10.9%), from €140,905 to €125,578
- Gross operating margin -€53,782
down €53,782 (-11.0%), from €489,830 to €436,047
- Taxes -€18,338
down €18,338 (-82.5%), from €22,229 to €3,891
- Staff costs +€14,729
up €14,729 (+3.7%), from €393,222 to €407,951
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 | €412,067 | €355,207 | -€56,860 | -13.8% |
| Fixed assets | 21/28 | €178,549 | €151,569 | -€26,980 | -15.1% |
| Intangible fixed assets | 21 | - | €599 | +€599 | |
| Tangible fixed assets | 22/27 | €178,186 | €150,607 | -€27,579 | -15.5% |
| Land and buildings | 22 | €129,797 | €122,413 | -€7,385 | -5.7% |
| Plant, machinery and equipment | 23 | €552 | €248 | -€304 | -55.1% |
| Furniture and vehicles | 24 | €47,837 | €27,946 | -€19,890 | -41.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €233,518 | €203,638 | -€29,880 | -12.8% |
| Amounts receivable within one year | 40/41 | €140,579 | €123,579 | -€17,000 | -12.1% |
| Trade receivables | 40 | €109,479 | €96,658 | -€12,821 | -11.7% |
| Other amounts receivable | 41 | €31,101 | €26,921 | -€4,180 | -13.4% |
| Cash at bank and in hand | 54/58 | €81,648 | €78,117 | -€3,532 | -4.3% |
| Deferred charges and accrued income | 490/1 | €11,290 | €1,942 | -€9,348 | -82.8% |
| Total equity and liabilities | 10/49 | €412,067 | €355,207 | -€56,860 | -13.8% |
| Equity | 10/15 | €147,390 | €132,063 | -€15,327 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €285 | €285 | = | 0.0% |
| Distributable reserves | 133 | €285 | €285 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,905 | €125,578 | -€15,327 | -10.9% |
| Amounts payable | 17/49 | €264,677 | €223,144 | -€41,533 | -15.7% |
| Amounts payable after more than one year | 17 | €91,893 | €66,967 | -€24,926 | -27.1% |
| Financial debts | 170/4 | €91,893 | €66,967 | -€24,926 | -27.1% |
| Amounts payable within one year | 42/48 | €172,784 | €156,177 | -€16,607 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €27,841 | €24,926 | -€2,915 | -10.5% |
| Financial debts | 43 | €3,375 | €6,740 | +€3,365 | +99.7% |
| Credit institutions | 430/8 | €3,375 | €6,740 | +€3,365 | +99.7% |
| Trade debts | 44 | €97,184 | €77,922 | -€19,263 | -19.8% |
| Suppliers | 440/4 | €97,184 | €77,922 | -€19,263 | -19.8% |
| Taxes, remuneration and social security | 45 | €44,384 | €46,589 | +€2,206 | +5.0% |
| Taxes | 450/3 | €1,680 | €16,813 | +€15,133 | +901% |
| Remuneration and social security | 454/9 | €42,703 | €29,776 | -€12,927 | -30.3% |
| Non-recurring operating income | 76A | - | €11,755 | +€11,755 | |
| Remuneration, social security and pensions | 62 | €393,222 | €407,951 | +€14,729 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,314 | €28,787 | +€473 | +1.7% |
| Other operating charges | 640/8 | €2,550 | €3,605 | +€1,055 | +41.4% |
| Gross operating margin | 9900 | €489,830 | €436,047 | -€53,782 | -11.0% |
| Operating profit (loss) | 9901 | €65,744 | -€4,296 | -€70,039 | |
| Financial income | 75/76B | €7 | €303 | +€296 | +4,234% |
| Recurring financial income | 75 | €7 | €303 | +€296 | +4,234% |
| Financial charges | 65/66B | €7,969 | €7,443 | -€526 | -6.6% |
| Recurring financial charges | 65 | €7,969 | €7,443 | -€526 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €57,781 | -€11,436 | -€69,217 | |
| Income taxes | 67/77 | €22,229 | €3,891 | -€18,338 | -82.5% |
| Profit (loss) for the period | 9904 | €35,552 | -€15,327 | -€50,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,552 | -€15,327 | -€50,879 |
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 18 October 2026 via checked.be.