Move and Improve: 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 and Improve
Largest movements
- Cash +€48,265
up €48,265 (+34.6%), from €139,339 to €187,604
mainly Receivables within one year (+€33,331) and Net result for the year (+€32,730)
- Receivables within one year -€33,331
down €33,331 (-39.7%), from €83,950 to €50,620
of which Trade receivables: -€30,137
- Reserves +€32,730
up €32,730 (+14.2%), from €229,788 to €262,519
of which Distributable reserves: +€32,730
- Debts after one year -€17,951
down €17,951 (-7.2%), from €250,240 to €232,288
- Gross operating margin -€177,225
down €177,225 (-70.8%), from €250,486 to €73,261
- Taxes -€54,176
down €54,176 (-80.4%), from €67,400 to €13,224
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 | €525,374 | €541,588 | +€16,214 | +3.1% |
| Fixed assets | 21/28 | €299,126 | €300,480 | +€1,355 | +0.5% |
| Tangible fixed assets | 22/27 | €299,126 | €300,480 | +€1,355 | +0.5% |
| Land and buildings | 22 | €287,951 | €273,969 | -€13,982 | -4.9% |
| Plant, machinery and equipment | 23 | - | €1,803 | +€1,803 | |
| Furniture and vehicles | 24 | €11,175 | €24,708 | +€13,533 | +121% |
| Current assets | 29/58 | €226,248 | €241,108 | +€14,860 | +6.6% |
| Amounts receivable within one year | 40/41 | €83,950 | €50,620 | -€33,331 | -39.7% |
| Trade receivables | 40 | €71,380 | €41,244 | -€30,137 | -42.2% |
| Other amounts receivable | 41 | €12,570 | €9,376 | -€3,194 | -25.4% |
| Cash at bank and in hand | 54/58 | €139,339 | €187,604 | +€48,265 | +34.6% |
| Deferred charges and accrued income | 490/1 | €2,959 | €2,884 | -€75 | -2.5% |
| Total equity and liabilities | 10/49 | €525,374 | €541,588 | +€16,214 | +3.1% |
| Equity | 10/15 | €230,788 | €263,519 | +€32,730 | +14.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €229,788 | €262,519 | +€32,730 | +14.2% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €229,688 | €262,419 | +€32,730 | +14.2% |
| Amounts payable | 17/49 | €294,586 | €278,070 | -€16,516 | -5.6% |
| Amounts payable after more than one year | 17 | €250,240 | €232,288 | -€17,951 | -7.2% |
| Financial debts | 170/4 | €250,240 | €232,288 | -€17,951 | -7.2% |
| Amounts payable within one year | 42/48 | €40,421 | €39,677 | -€744 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €19,023 | €17,951 | -€1,072 | -5.6% |
| Trade debts | 44 | €305 | €890 | +€585 | +192% |
| Suppliers | 440/4 | €305 | €890 | +€585 | +192% |
| Taxes, remuneration and social security | 45 | €3,028 | €2,866 | -€162 | -5.4% |
| Taxes | 450/3 | €528 | €366 | -€162 | -30.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €18,064 | €17,969 | -€95 | -0.5% |
| Accrued charges and deferred income | 492/3 | €3,926 | €6,105 | +€2,179 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,465 | €17,955 | +€2,490 | +16.1% |
| Other operating charges | 640/8 | €2,217 | €2,277 | +€61 | +2.7% |
| Gross operating margin | 9900 | €250,486 | €73,261 | -€177,225 | -70.8% |
| Operating profit (loss) | 9901 | €232,804 | €53,028 | -€179,776 | -77.2% |
| Financial charges | 65/66B | €8,689 | €7,074 | -€1,616 | -18.6% |
| Recurring financial charges | 65 | €8,689 | €7,074 | -€1,616 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €224,115 | €45,954 | -€178,160 | -79.5% |
| Income taxes | 67/77 | €67,400 | €13,224 | -€54,176 | -80.4% |
| Profit (loss) for the period | 9904 | €156,715 | €32,730 | -€123,985 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €156,715 | €32,730 | -€123,985 | -79.1% |
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 19 October 2026 via checked.be.