MOVE A LOT: 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 A LOT
Largest movements
- Cash +€22,021
up €22,021 (+18.5%), from €118,805 to €140,826
mainly Net result for the year (+€40,246) and Depreciation (+€35,270)
- Intangible fixed assets -€21,668
down €21,668 (-48.6%), from €44,573 to €22,905
- Tangible fixed assets -€11,242
down €11,242 (-17.2%), from €65,315 to €54,072
of which Plant, machinery and equipment: -€7,482
- Debts after one year -€29,820
down €29,820 (-37.9%), from €78,649 to €48,829
- Reserves +€11,696
up €11,696 (+58.2%), from €20,098 to €31,794
- Trade debts +€6,026
up €6,026 (+10.0%), from €60,178 to €66,204
- Other debts +€2,343
up €2,343 (+7.5%), from €31,315 to €33,659
- Gross operating margin +€24,434
up €24,434 (+35.3%), from €69,211 to €93,645
- Other operating charges +€3,685
up €3,685 (+5,944%), from €62 to €3,747
- Taxes +€3,649
up €3,649 (+68.2%), from €5,348 to €8,997
- Depreciation -€961
down €961 (-2.7%), from €36,231 to €35,270
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 | €233,345 | €223,306 | -€10,039 | -4.3% |
| Fixed assets | 21/28 | €109,888 | €76,977 | -€32,910 | -29.9% |
| Intangible fixed assets | 21 | €44,573 | €22,905 | -€21,668 | -48.6% |
| Tangible fixed assets | 22/27 | €65,315 | €54,072 | -€11,242 | -17.2% |
| Plant, machinery and equipment | 23 | €42,388 | €34,906 | -€7,482 | -17.7% |
| Furniture and vehicles | 24 | €3,565 | €2,119 | -€1,446 | -40.6% |
| Other tangible fixed assets | 26 | €19,362 | €17,047 | -€2,314 | -12.0% |
| Current assets | 29/58 | €123,458 | €146,329 | +€22,871 | +18.5% |
| Amounts receivable within one year | 40/41 | €4,652 | €5,503 | +€851 | +18.3% |
| Other amounts receivable | 41 | €4,652 | €5,503 | +€851 | +18.3% |
| Cash at bank and in hand | 54/58 | €118,805 | €140,826 | +€22,021 | +18.5% |
| Total equity and liabilities | 10/49 | €233,345 | €223,306 | -€10,039 | -4.3% |
| Equity | 10/15 | €33,098 | €44,794 | +€11,696 | +35.3% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €20,098 | €31,794 | +€11,696 | +58.2% |
| Distributable reserves | 133 | €20,098 | €31,794 | +€11,696 | +58.2% |
| Amounts payable | 17/49 | €200,248 | €178,512 | -€21,735 | -10.9% |
| Amounts payable after more than one year | 17 | €78,649 | €48,829 | -€29,820 | -37.9% |
| Financial debts | 170/4 | €78,649 | €48,829 | -€29,820 | -37.9% |
| Amounts payable within one year | 42/48 | €121,598 | €129,683 | +€8,085 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €30,105 | €29,820 | -€285 | -0.9% |
| Trade debts | 44 | €60,178 | €66,204 | +€6,026 | +10.0% |
| Suppliers | 440/4 | €60,178 | €66,204 | +€6,026 | +10.0% |
| Other amounts payable | 47/48 | €31,315 | €33,659 | +€2,343 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,231 | €35,270 | -€961 | -2.7% |
| Other operating charges | 640/8 | €62 | €3,747 | +€3,685 | +5,944% |
| Gross operating margin | 9900 | €69,211 | €93,645 | +€24,434 | +35.3% |
| Operating profit (loss) | 9901 | €32,918 | €54,628 | +€21,710 | +66.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,944 | €5,385 | -€559 | -9.4% |
| Recurring financial charges | 65 | €5,944 | €5,385 | -€559 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €26,973 | €49,243 | +€22,270 | +82.6% |
| Income taxes | 67/77 | €5,348 | €8,997 | +€3,649 | +68.2% |
| Profit (loss) for the period | 9904 | €21,626 | €40,246 | +€18,620 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,626 | €40,246 | +€18,620 | +86.1% |
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 26 October 2026 via checked.be.