NEED STATE: what changed
Two fiscal 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.
NEED STATE
Largest movements
- Receivables within one year +€130,676
up €130,676 (+120.3%), from €108,658 to €239,334
of which Trade receivables: +€75,638
- Cash -€61,217
down €61,217 (-29.9%), from €204,471 to €143,254
mainly Receivables within one year (-€130,676) and Contributions, distributions and other (-€36,840)
- Current investments +€36,683
up €36,683 (+67.0%), from €54,748 to €91,431
- Trade debts +€63,668
up €63,668 (+27331.2%), from €233 to €63,901
- Reserves +€25,465
up €25,465 (+6.7%), from €377,575 to €403,040
- Tax, wage and social debts +€13,007
up €13,007 (+31.4%), from €41,401 to €54,408
of which Taxes: +€12,907
- Gross operating margin -€8,888
down €8,888 (-9.0%), from €98,685 to €89,797
- Depreciation -€3,447
down €3,447 (-75.1%), from €4,591 to €1,144
- Taxes -€2,631
down €2,631 (-9.2%), from €28,608 to €25,977
- Financial charges -€1,504
down €1,504 (-77.2%), from €1,947 to €443
- Other operating charges +€1,076
up €1,076 (+191.0%), from €563 to €1,640
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.
Cash bridge derived
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 | €425,948 | €528,012 | +€102,064 | +24.0% |
| Fixed assets | 21/28 | €5,774 | €2,703 | -€3,071 | -53.2% |
| Tangible fixed assets | 22/27 | €5,624 | €2,553 | -€3,071 | -54.6% |
| Plant, machinery and equipment | 23 | - | €2,202 | +€2,202 | |
| Furniture and vehicles | 24 | €5,624 | €351 | -€5,273 | -93.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €420,174 | €525,308 | +€105,135 | +25.0% |
| Amounts receivable after more than one year | 29 | €52,025 | €50,825 | -€1,200 | -2.3% |
| Other amounts receivable | 291 | €52,025 | €50,825 | -€1,200 | -2.3% |
| Amounts receivable within one year | 40/41 | €108,658 | €239,334 | +€130,676 | +120.3% |
| Trade receivables | 40 | €74,649 | €150,287 | +€75,638 | +101.3% |
| Other amounts receivable | 41 | €34,009 | €89,046 | +€55,037 | +161.8% |
| Current investments | 50/53 | €54,748 | €91,431 | +€36,683 | +67.0% |
| Cash at bank and in hand | 54/58 | €204,471 | €143,254 | -€61,217 | -29.9% |
| Deferred charges and accrued income | 490/1 | €272 | €465 | +€193 | +71.1% |
| Total equity and liabilities | 10/49 | €425,948 | €528,012 | +€102,064 | +24.0% |
| Equity | 10/15 | €384,075 | €409,540 | +€25,465 | +6.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €377,575 | €403,040 | +€25,465 | +6.7% |
| Distributable reserves | 133 | €377,575 | €403,040 | +€25,465 | +6.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,873 | €118,472 | +€76,599 | +182.9% |
| Amounts payable within one year | 42/48 | €41,873 | €118,472 | +€76,599 | +182.9% |
| Financial debts | 43 | €239 | €162 | -€77 | -32.1% |
| Credit institutions | 430/8 | €239 | €162 | -€77 | -32.1% |
| Trade debts | 44 | €233 | €63,901 | +€63,668 | +27331.2% |
| Suppliers | 440/4 | €233 | €63,901 | +€63,668 | +27331.2% |
| Taxes, remuneration and social security | 45 | €41,401 | €54,408 | +€13,007 | +31.4% |
| Taxes | 450/3 | €38,601 | €51,508 | +€12,907 | +33.4% |
| Remuneration and social security | 454/9 | €2,800 | €2,900 | +€100 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,591 | €1,144 | -€3,447 | -75.1% |
| Other operating charges | 640/8 | €563 | €1,640 | +€1,076 | +191.0% |
| Non-recurring operating charges | 66A | - | €1,706 | +€1,706 | |
| Gross operating margin | 9900 | €98,685 | €89,797 | -€8,888 | -9.0% |
| Operating profit (loss) | 9901 | €93,530 | €85,308 | -€8,222 | -8.8% |
| Financial income | 75/76B | €4,228 | €3,418 | -€811 | -19.2% |
| Recurring financial income | 75 | €4,228 | €3,418 | -€811 | -19.2% |
| Financial charges | 65/66B | €1,947 | €443 | -€1,504 | -77.2% |
| Recurring financial charges | 65 | €1,947 | €443 | -€1,504 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | €95,811 | €88,282 | -€7,529 | -7.9% |
| Income taxes | 67/77 | €28,608 | €25,977 | -€2,631 | -9.2% |
| Profit (loss) for the period | 9904 | €67,203 | €62,305 | -€4,898 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,203 | €62,305 | -€4,898 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.