NET EVENTS: 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.
NET EVENTS
Largest movements
- Receivables within one year +€8,807
up €8,807 (+1.3%), from €662,553 to €671,360
of which Other amounts receivable: +€58,123
- Deferred charges and accrued income -€8,032
down €8,032 (-32.5%), from €24,743 to €16,712
- Profit (loss) carried forward +€29,328
up €29,328 (+81.7%), from €35,913 to €65,241
- Trade debts -€16,769
down €16,769 (-31.9%), from €52,593 to €35,824
- Tax, wage and social debts -€14,033
down €14,033 (-21.2%), from €66,211 to €52,178
of which Remuneration and social security: -€14,302
- Purchases and services -€84,344
down €84,344 (-16.2%), from €521,569 to €437,225
- Turnover -€60,171
down €60,171 (-7.9%), from €756,985 to €696,813
- Staff costs -€44,967
down €44,967 (-17.0%), from €264,365 to €219,399
- Gross operating margin +€36,410
up €36,410 (+14.5%), from €251,404 to €287,814
- Write-downs +€17,919
up €17,919, from -€3,079 to €14,840
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 | €765,951 | €764,508 | -€1,443 | -0.2% |
| Fixed assets | 21/28 | €54,470 | €56,931 | +€2,461 | +4.5% |
| Intangible fixed assets | 21 | €52,691 | €55,542 | +€2,851 | +5.4% |
| Tangible fixed assets | 22/27 | €1,779 | €1,390 | -€390 | -21.9% |
| Furniture and vehicles | 24 | €1,779 | €1,390 | -€390 | -21.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €711,481 | €707,577 | -€3,905 | -0.5% |
| Amounts receivable within one year | 40/41 | €662,553 | €671,360 | +€8,807 | +1.3% |
| Trade receivables | 40 | €153,585 | €104,270 | -€49,315 | -32.1% |
| Other amounts receivable | 41 | €508,967 | €567,090 | +€58,123 | +11.4% |
| Cash at bank and in hand | 54/58 | €24,185 | €19,505 | -€4,680 | -19.4% |
| Deferred charges and accrued income | 490/1 | €24,743 | €16,712 | -€8,032 | -32.5% |
| Total equity and liabilities | 10/49 | €765,951 | €764,508 | -€1,443 | -0.2% |
| Equity | 10/15 | €647,148 | €676,476 | +€29,328 | +4.5% |
| Contributions | 10/11 | €488,850 | €488,850 | = | 0.0% |
| Capital | 10 | €488,850 | €488,850 | = | 0.0% |
| Issued capital | 100 | €488,850 | €488,850 | = | 0.0% |
| Reserves | 13 | €122,385 | €122,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,885 | €48,885 | = | 0.0% |
| Legal reserve | 130 | €48,885 | €48,885 | = | 0.0% |
| Distributable reserves | 133 | €73,500 | €73,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,913 | €65,241 | +€29,328 | +81.7% |
| Amounts payable | 17/49 | €118,804 | €88,032 | -€30,772 | -25.9% |
| Amounts payable within one year | 42/48 | €118,804 | €88,032 | -€30,772 | -25.9% |
| Trade debts | 44 | €52,593 | €35,824 | -€16,769 | -31.9% |
| Suppliers | 440/4 | €52,593 | €35,824 | -€16,769 | -31.9% |
| Taxes, remuneration and social security | 45 | €66,211 | €52,178 | -€14,033 | -21.2% |
| Taxes | 450/3 | €27,459 | €27,728 | +€269 | +1.0% |
| Remuneration and social security | 454/9 | €38,752 | €24,450 | -€14,302 | -36.9% |
| Other amounts payable | 47/48 | - | €31 | +€31 | |
| Turnover | 70 | €756,985 | €696,813 | -€60,171 | -7.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €521,569 | €437,225 | -€84,344 | -16.2% |
| Remuneration, social security and pensions | 62 | €264,365 | €219,399 | -€44,967 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,802 | €26,361 | +€6,559 | +33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,079 | €14,840 | +€17,919 | |
| Other operating charges | 640/8 | €11,543 | €5,321 | -€6,222 | -53.9% |
| Non-recurring operating charges | 66A | - | -€2,610 | -€2,610 | |
| Gross operating margin | 9900 | €251,404 | €287,814 | +€36,410 | +14.5% |
| Operating profit (loss) | 9901 | -€41,228 | €24,504 | +€65,731 | |
| Financial income | 75/76B | €25,730 | €16,810 | -€8,920 | -34.7% |
| Recurring financial income | 75 | €25,730 | €16,810 | -€8,920 | -34.7% |
| Financial charges | 65/66B | €1,874 | €4,609 | +€2,736 | +146% |
| Recurring financial charges | 65 | €1,874 | €4,609 | +€2,736 | +146% |
| Profit (loss) for the period before taxes | 9903 | -€17,371 | €36,704 | +€54,075 | |
| Income taxes | 67/77 | €568 | €7,376 | +€6,808 | +1,199% |
| Profit (loss) for the period | 9904 | -€17,939 | €29,328 | +€47,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,939 | €29,328 | +€47,267 |
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 20 October 2026 via checked.be.