NEW-PRINT: 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.
NEW-PRINT
Largest movements
- Tangible fixed assets +€48,140
up €48,140 (+1588.2%), from €3,031 to €51,171
of which Leasing and similar rights: +€49,013
- Cash -€9,223
down €9,223 (-29.2%), from €31,596 to €22,373
mainly Investment in fixed assets (net) (-€52,765) and Other debts (-€22,423)
- Receivables within one year -€8,402
down €8,402 (-48.0%), from €17,508 to €9,106
of which Other amounts receivable: -€13,162
- Stocks and contracts +€1,560
up €1,560 (+4.6%), from €33,668 to €35,228
- Debts after one year +€33,491
new in 2025: €33,491
- Other debts -€22,423
down €22,423 (-65.1%), from €34,450 to €12,027
- Profit (loss) carried forward +€9,000
up €9,000 (+903.7%), from €996 to €9,996
- Current portion of long-term debt +€4,573
up €4,573 (+86.0%), from €5,316 to €9,889
- Trade debts +€4,417
up €4,417 (+45.2%), from €9,763 to €14,181
- Gross operating margin +€12,553
up €12,553 (+57.7%), from €21,748 to €34,302
- Purchases and services -€9,820
down €9,820 (-4.7%), from €206,827 to €197,007
- Turnover +€2,733
up €2,733 (+1.2%), from €228,576 to €231,309
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 | €88,004 | €120,079 | +€32,076 | +36.4% |
| Fixed assets | 21/28 | €5,231 | €53,372 | +€48,140 | +920.2% |
| Tangible fixed assets | 22/27 | €3,031 | €51,171 | +€48,140 | +1588.2% |
| Plant, machinery and equipment | 23 | €1,745 | €1,095 | -€650 | -37.2% |
| Furniture and vehicles | 24 | €223 | - | -€223 | |
| Leasing and similar rights | 25 | €1,063 | €50,076 | +€49,013 | +4610.2% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €82,772 | €66,708 | -€16,064 | -19.4% |
| Stocks and contracts in progress | 3 | €33,668 | €35,228 | +€1,560 | +4.6% |
| Stocks | 30/36 | €33,668 | €35,228 | +€1,560 | +4.6% |
| Amounts receivable within one year | 40/41 | €17,508 | €9,106 | -€8,402 | -48.0% |
| Trade receivables | 40 | €4,346 | €9,106 | +€4,760 | +109.5% |
| Other amounts receivable | 41 | €13,162 | - | -€13,162 | |
| Cash at bank and in hand | 54/58 | €31,596 | €22,373 | -€9,223 | -29.2% |
| Total equity and liabilities | 10/49 | €88,004 | €120,079 | +€32,076 | +36.4% |
| Equity | 10/15 | €30,241 | €42,455 | +€12,215 | +40.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,645 | €13,859 | +€3,214 | +30.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €8,786 | €12,000 | +€3,214 | +36.6% |
| Profit (loss) carried forward | 14 | €996 | €9,996 | +€9,000 | +903.7% |
| Amounts payable | 17/49 | €57,763 | €77,624 | +€19,861 | +34.4% |
| Amounts payable after more than one year | 17 | - | €33,491 | +€33,491 | |
| Financial debts | 170/4 | - | €33,491 | +€33,491 | |
| Amounts payable within one year | 42/48 | €57,763 | €44,133 | -€13,630 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €5,316 | €9,889 | +€4,573 | +86.0% |
| Financial debts | 43 | €2,716 | €2,192 | -€525 | -19.3% |
| Credit institutions | 430/8 | €2,716 | €2,192 | -€525 | -19.3% |
| Trade debts | 44 | €9,763 | €14,181 | +€4,417 | +45.2% |
| Suppliers | 440/4 | €9,763 | €14,181 | +€4,417 | +45.2% |
| Taxes, remuneration and social security | 45 | €5,517 | €5,845 | +€327 | +5.9% |
| Taxes | 450/3 | €5,517 | €5,845 | +€327 | +5.9% |
| Other amounts payable | 47/48 | €34,450 | €12,027 | -€22,423 | -65.1% |
| Turnover | 70 | €228,576 | €231,309 | +€2,733 | +1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €206,827 | €197,007 | -€9,820 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,838 | €4,625 | +€1,787 | +63.0% |
| Other operating charges | 640/8 | €4,193 | €5,030 | +€837 | +20.0% |
| Gross operating margin | 9900 | €21,748 | €34,302 | +€12,553 | +57.7% |
| Operating profit (loss) | 9901 | €14,718 | €24,647 | +€9,929 | +67.5% |
| Financial income | 75/76B | €4 | €12 | +€8 | +225.5% |
| Recurring financial income | 75 | €4 | €12 | +€8 | +225.5% |
| Financial charges | 65/66B | €2,574 | €4,744 | +€2,171 | +84.4% |
| Recurring financial charges | 65 | €2,574 | €4,744 | +€2,171 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | €12,148 | €19,915 | +€7,767 | +63.9% |
| Income taxes | 67/77 | €7,791 | €7,700 | -€91 | -1.2% |
| Profit (loss) for the period | 9904 | €4,357 | €12,215 | +€7,858 | +180.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,357 | €12,215 | +€7,858 | +180.4% |
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 9 October 2026 via checked.be.