MOVE: 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.
MOVE
Largest movements
- Receivables within one year +€141,119
up €141,119 (+228%), from €61,767 to €202,887
of which Trade receivables: +€177,403
- Financial fixed assets +€25,500
new in 2025: €25,500
- Cash -€21,886
down €21,886 (-67.5%), from €32,440 to €10,554
mainly Receivables within one year (-€141,119) and Contributions, distributions and other (-€58,824)
- Deferred charges and accrued income +€13,968
up €13,968 (+350%), from €3,993 to €17,961
- Tangible fixed assets -€10,973
down €10,973 (-4.9%), from €223,434 to €212,461
of which Land and buildings: -€6,433
- Trade debts +€105,790
up €105,790 (+1,851%), from €5,714 to €111,504
- Other debts +€84,340
up €84,340, from €0 to €84,340
- Tax, wage and social debts -€50,665
down €50,665 (-95.3%), from €53,171 to €2,506
of which Taxes: -€53,165
- Reserves +€20,816
up €20,816 (+25.8%), from €80,726 to €101,542
- Current portion of long-term debt -€12,552
down €12,552 (-100%), from €12,552 to €0
- Gross operating margin +€110,234
up €110,234 (+391%), from €28,205 to €138,439
- Taxes +€26,021
up €26,021 (+560%), from €4,648 to €30,669
- Financial charges +€3,387
up €3,387 (+58.3%), from €5,813 to €9,200
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 | €321,635 | €469,363 | +€147,729 | +45.9% |
| Fixed assets | 21/28 | €223,434 | €237,961 | +€14,527 | +6.5% |
| Tangible fixed assets | 22/27 | €223,434 | €212,461 | -€10,973 | -4.9% |
| Land and buildings | 22 | €203,261 | €196,828 | -€6,433 | -3.2% |
| Plant, machinery and equipment | 23 | €3,133 | €2,951 | -€182 | -5.8% |
| Furniture and vehicles | 24 | €17,040 | €12,683 | -€4,357 | -25.6% |
| Financial fixed assets | 28 | - | €25,500 | +€25,500 | |
| Current assets | 29/58 | €98,200 | €231,402 | +€133,201 | +136% |
| Amounts receivable within one year | 40/41 | €61,767 | €202,887 | +€141,119 | +228% |
| Trade receivables | 40 | €1,121 | €178,525 | +€177,403 | +15,820% |
| Other amounts receivable | 41 | €60,646 | €24,362 | -€36,284 | -59.8% |
| Cash at bank and in hand | 54/58 | €32,440 | €10,554 | -€21,886 | -67.5% |
| Deferred charges and accrued income | 490/1 | €3,993 | €17,961 | +€13,968 | +350% |
| Total equity and liabilities | 10/49 | €321,635 | €469,363 | +€147,729 | +45.9% |
| Equity | 10/15 | €99,326 | €120,142 | +€20,816 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,726 | €101,542 | +€20,816 | +25.8% |
| Distributable reserves | 133 | €80,726 | €101,542 | +€20,816 | +25.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €222,308 | €349,221 | +€126,913 | +57.1% |
| Amounts payable after more than one year | 17 | €150,871 | €150,871 | = | 0.0% |
| Financial debts | 170/4 | €150,871 | €150,871 | = | 0.0% |
| Amounts payable within one year | 42/48 | €71,438 | €198,351 | +€126,913 | +178% |
| Current portion of amounts payable after more than one year | 42 | €12,552 | €0 | -€12,552 | -100% |
| Trade debts | 44 | €5,714 | €111,504 | +€105,790 | +1,851% |
| Suppliers | 440/4 | €5,714 | €111,504 | +€105,790 | +1,851% |
| Taxes, remuneration and social security | 45 | €53,171 | €2,506 | -€50,665 | -95.3% |
| Taxes | 450/3 | €53,171 | €6 | -€53,165 | -100.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €0 | €84,340 | +€84,340 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,592 | €18,159 | +€567 | +3.2% |
| Other operating charges | 640/8 | €1,705 | €1,444 | -€261 | -15.3% |
| Gross operating margin | 9900 | €28,205 | €138,439 | +€110,234 | +391% |
| Operating profit (loss) | 9901 | €8,908 | €118,836 | +€109,928 | +1,234% |
| Financial income | 75/76B | €1,025 | €673 | -€352 | -34.4% |
| Recurring financial income | 75 | €1,025 | €673 | -€352 | -34.4% |
| Financial charges | 65/66B | €5,813 | €9,200 | +€3,387 | +58.3% |
| Recurring financial charges | 65 | €5,813 | €9,200 | +€3,387 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €4,120 | €110,308 | +€106,188 | +2,577% |
| Income taxes | 67/77 | €4,648 | €30,669 | +€26,021 | +560% |
| Profit (loss) for the period | 9904 | -€528 | €79,639 | +€80,167 | |
| Profit (loss) for the period to be appropriated | 9905 | -€528 | €79,639 | +€80,167 |
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 24 October 2026 via checked.be.