NEW LOOK DIFFUSION: 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.
NEW LOOK DIFFUSION
Largest movements
- Receivables within one year +€120,273
up €120,273 (+39.3%), from €306,128 to €426,401
of which Trade receivables: +€96,786
- Cash +€5,638
up €5,638 (+155.3%), from €3,631 to €9,269
mainly Trade debts (+€103,551) and Other debts (+€13,223)
- Trade debts +€103,551
up €103,551 (+112.3%), from €92,223 to €195,774
- Other debts +€13,223
up €13,223 (+18.2%), from €72,695 to €85,918
- Reserves +€11,835
up €11,835 (+16.8%), from €70,562 to €82,397
- Gross operating margin -€16,654
down €16,654 (-13.9%), from €119,697 to €103,043
- Staff costs -€10,623
down €10,623 (-11.3%), from €94,094 to €83,471
- Write-downs -€9,511
down €9,511 (-100.0%), from €9,511 to €0
- Taxes +€2,008
up €2,008 (+45.7%), from €4,392 to €6,400
- Financial charges -€1,841
down €1,841 (-77.4%), from €2,378 to €537
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 | €310,191 | €436,123 | +€125,932 | +40.6% |
| Fixed assets | 21/28 | €149 | €149 | = | 0.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €310,042 | €435,973 | +€125,932 | +40.6% |
| Amounts receivable within one year | 40/41 | €306,128 | €426,401 | +€120,273 | +39.3% |
| Trade receivables | 40 | €110,083 | €206,868 | +€96,786 | +87.9% |
| Other amounts receivable | 41 | €196,045 | €219,532 | +€23,487 | +12.0% |
| Cash at bank and in hand | 54/58 | €3,631 | €9,269 | +€5,638 | +155.3% |
| Deferred charges and accrued income | 490/1 | €282 | €304 | +€21 | +7.6% |
| Total equity and liabilities | 10/49 | €310,191 | €436,123 | +€125,932 | +40.6% |
| Equity | 10/15 | €129,064 | €140,900 | +€11,835 | +9.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €70,562 | €82,397 | +€11,835 | +16.8% |
| Distributable reserves | 133 | €70,562 | €82,397 | +€11,835 | +16.8% |
| Profit (loss) carried forward | 14 | €39,910 | €39,910 | = | 0.0% |
| Amounts payable | 17/49 | €181,127 | €295,223 | +€114,096 | +63.0% |
| Amounts payable within one year | 42/48 | €180,979 | €294,795 | +€113,816 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €2,356 | €0 | -€2,356 | -100.0% |
| Trade debts | 44 | €92,223 | €195,774 | +€103,551 | +112.3% |
| Suppliers | 440/4 | €92,223 | €195,774 | +€103,551 | +112.3% |
| Taxes, remuneration and social security | 45 | €13,705 | €13,102 | -€602 | -4.4% |
| Taxes | 450/3 | €3,374 | €3,387 | +€13 | +0.4% |
| Remuneration and social security | 454/9 | €10,331 | €9,716 | -€615 | -6.0% |
| Other amounts payable | 47/48 | €72,695 | €85,918 | +€13,223 | +18.2% |
| Accrued charges and deferred income | 492/3 | €148 | €428 | +€280 | +190.0% |
| Remuneration, social security and pensions | 62 | €94,094 | €83,471 | -€10,623 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,511 | €0 | -€9,511 | -100.0% |
| Other operating charges | 640/8 | €785 | €799 | +€14 | +1.8% |
| Gross operating margin | 9900 | €119,697 | €103,043 | -€16,654 | -13.9% |
| Operating profit (loss) | 9901 | €15,306 | €18,772 | +€3,466 | +22.6% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €2,378 | €537 | -€1,841 | -77.4% |
| Recurring financial charges | 65 | €2,378 | €537 | -€1,841 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €12,932 | €18,235 | +€5,303 | +41.0% |
| Income taxes | 67/77 | €4,392 | €6,400 | +€2,008 | +45.7% |
| Profit (loss) for the period | 9904 | €8,539 | €11,835 | +€3,296 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,539 | €11,835 | +€3,296 | +38.6% |
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 28 September 2026 via checked.be.