NOw kiT: 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.
NOw kiT
Largest movements
- Receivables within one year -€31,343
down €31,343 (-26.5%), from €118,113 to €86,771
of which Trade receivables: -€55,432
- Stocks and contracts -€30,212
down €30,212 (-79.1%), from €38,212 to €8,000
of which Contracts in progress: -€38,212
- Tangible fixed assets +€23,805
up €23,805 (+37.3%), from €63,823 to €87,627
of which Plant, machinery and equipment: +€23,899
- Deferred charges and accrued income +€3,350
new in 2025: €3,350
- Cash +€3,244
up €3,244 (+18,497%), from €18 to €3,262
mainly Receivables within one year (+€31,343) and Stocks and contracts (+€30,212)
- Other debts -€51,473
down €51,473 (-73.8%), from €69,700 to €18,227
- Trade debts +€27,402
up €27,402 (+100%), from €27,282 to €54,684
- Tax, wage and social debts -€19,046
down €19,046 (-83.2%), from €22,881 to €3,835
of which Taxes: -€10,511
- Accrued charges and deferred income +€17,112
new in 2025: €17,112
- Short-term financial debts -€14,999
down €14,999 (-27.3%), from €54,950 to €39,951
- Gross operating margin -€137,223
down €137,223 (-55.1%), from €248,996 to €111,773
- Financial charges -€103,432
down €103,432 (-91.8%), from €112,671 to €9,240
of which Non-recurring financial charges: -€89,517
- Staff costs -€58,647
down €58,647 (-49.0%), from €119,660 to €61,013
- Depreciation +€11,731
up €11,731 (+65.6%), from €17,886 to €29,616
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 | €222,335 | €191,180 | -€31,155 | -14.0% |
| Fixed assets | 21/28 | €65,993 | €89,797 | +€23,805 | +36.1% |
| Tangible fixed assets | 22/27 | €63,823 | €87,627 | +€23,805 | +37.3% |
| Plant, machinery and equipment | 23 | €36,193 | €60,091 | +€23,899 | +66.0% |
| Furniture and vehicles | 24 | €27,630 | €27,536 | -€94 | -0.3% |
| Financial fixed assets | 28 | €2,170 | €2,170 | = | 0.0% |
| Current assets | 29/58 | €156,343 | €101,383 | -€54,960 | -35.2% |
| Stocks and contracts in progress | 3 | €38,212 | €8,000 | -€30,212 | -79.1% |
| Stocks | 30/36 | - | €8,000 | +€8,000 | |
| Contracts in progress | 37 | €38,212 | - | -€38,212 | |
| Amounts receivable within one year | 40/41 | €118,113 | €86,771 | -€31,343 | -26.5% |
| Trade receivables | 40 | €94,395 | €38,963 | -€55,432 | -58.7% |
| Other amounts receivable | 41 | €23,718 | €47,808 | +€24,090 | +102% |
| Cash at bank and in hand | 54/58 | €18 | €3,262 | +€3,244 | +18,497% |
| Deferred charges and accrued income | 490/1 | - | €3,350 | +€3,350 | |
| Total equity and liabilities | 10/49 | €222,335 | €191,180 | -€31,155 | -14.0% |
| Equity | 10/15 | €36,509 | €46,667 | +€10,157 | +27.8% |
| Contributions | 10/11 | €10,300 | €10,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,349 | €34,507 | +€10,157 | +41.7% |
| Amounts payable | 17/49 | €185,826 | €144,514 | -€41,312 | -22.2% |
| Amounts payable after more than one year | 17 | €11,013 | €6,199 | -€4,814 | -43.7% |
| Financial debts | 170/4 | €11,013 | €6,199 | -€4,814 | -43.7% |
| Amounts payable within one year | 42/48 | €174,813 | €121,203 | -€53,610 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,506 | +€4,506 | |
| Financial debts | 43 | €54,950 | €39,951 | -€14,999 | -27.3% |
| Credit institutions | 430/8 | €54,950 | €39,951 | -€14,999 | -27.3% |
| Trade debts | 44 | €27,282 | €54,684 | +€27,402 | +100% |
| Suppliers | 440/4 | €27,282 | €54,684 | +€27,402 | +100% |
| Taxes, remuneration and social security | 45 | €22,881 | €3,835 | -€19,046 | -83.2% |
| Taxes | 450/3 | €13,560 | €3,049 | -€10,511 | -77.5% |
| Remuneration and social security | 454/9 | €9,321 | €787 | -€8,534 | -91.6% |
| Other amounts payable | 47/48 | €69,700 | €18,227 | -€51,473 | -73.8% |
| Accrued charges and deferred income | 492/3 | - | €17,112 | +€17,112 | |
| Non-recurring operating income | 76A | €25,000 | €79,838 | +€54,838 | +219% |
| Remuneration, social security and pensions | 62 | €119,660 | €61,013 | -€58,647 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,886 | €29,616 | +€11,731 | +65.6% |
| Other operating charges | 640/8 | €4,233 | €5,672 | +€1,439 | +34.0% |
| Gross operating margin | 9900 | €248,996 | €111,773 | -€137,223 | -55.1% |
| Operating profit (loss) | 9901 | €107,218 | €15,472 | -€91,746 | -85.6% |
| Financial income | 75/76B | - | €2,079 | +€2,079 | |
| Recurring financial income | 75 | - | €849 | +€849 | |
| Non-recurring financial income | 76B | - | €1,230 | +€1,230 | |
| Financial charges | 65/66B | €112,671 | €9,240 | -€103,432 | -91.8% |
| Recurring financial charges | 65 | €23,155 | €9,240 | -€13,915 | -60.1% |
| Non-recurring financial charges | 66B | €89,517 | - | -€89,517 | |
| Profit (loss) for the period before taxes | 9903 | -€5,454 | €8,311 | +€13,765 | |
| Income taxes | 67/77 | - | -€1,846 | -€1,846 | |
| Profit (loss) for the period | 9904 | -€5,454 | €10,157 | +€15,611 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,454 | €10,157 | +€15,611 |
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 14 October 2026 via checked.be.