Nuances intérieur: 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.
Nuances intérieur
Largest movements
- Cash -€31,787
down €31,787 (-48.8%), from €65,107 to €33,319
mainly Other debts (-€70,297) and Investment in fixed assets (net) (-€58,307)
- Receivables within one year +€26,528
up €26,528 (+138%), from €19,251 to €45,779
of which Trade receivables: +€15,098
- Stocks and contracts +€23,676
up €23,676 (+561%), from €4,223 to €27,899
- Intangible fixed assets -€8,476
down €8,476 (-17.8%), from €47,631 to €39,155
- Tangible fixed assets +€7,366
up €7,366 (+7.0%), from €105,949 to €113,315
of which Land and buildings: +€4,039
- Other debts -€70,297
down €70,297 (-61.2%), from €114,870 to €44,574
- Profit (loss) carried forward +€62,963
up €62,963 (+300%), from €21,017 to €83,980
- Accrued charges and deferred income -€36,430
down €36,430 (-78.3%), from €46,505 to €10,075
- Debts after one year +€20,782
up €20,782 (+333%), from €6,235 to €27,017
- Current portion of long-term debt +€19,937
up €19,937 (+616%), from €3,237 to €23,173
- Gross operating margin +€165,203
up €165,203 (+89.9%), from €183,663 to €348,866
- Staff costs +€85,002
up €85,002 (+73.6%), from €115,529 to €200,531
- Depreciation +€19,641
up €19,641 (+49.4%), from €39,775 to €59,417
- Taxes +€12,317
up €12,317 (+205%), from €6,000 to €18,317
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 | €242,780 | €260,107 | +€17,327 | +7.1% |
| Fixed assets | 21/28 | €153,580 | €152,470 | -€1,110 | -0.7% |
| Intangible fixed assets | 21 | €47,631 | €39,155 | -€8,476 | -17.8% |
| Tangible fixed assets | 22/27 | €105,949 | €113,315 | +€7,366 | +7.0% |
| Land and buildings | 22 | €2,467 | €6,506 | +€4,039 | +164% |
| Plant, machinery and equipment | 23 | €25,440 | €25,488 | +€47 | +0.2% |
| Furniture and vehicles | 24 | €78,041 | €81,321 | +€3,280 | +4.2% |
| Current assets | 29/58 | €89,200 | €107,637 | +€18,436 | +20.7% |
| Stocks and contracts in progress | 3 | €4,223 | €27,899 | +€23,676 | +561% |
| Stocks | 30/36 | €4,223 | €27,899 | +€23,676 | +561% |
| Amounts receivable within one year | 40/41 | €19,251 | €45,779 | +€26,528 | +138% |
| Trade receivables | 40 | €12,952 | €28,049 | +€15,098 | +117% |
| Other amounts receivable | 41 | €6,299 | €17,730 | +€11,431 | +181% |
| Cash at bank and in hand | 54/58 | €65,107 | €33,319 | -€31,787 | -48.8% |
| Deferred charges and accrued income | 490/1 | €620 | €640 | +€20 | +3.2% |
| Total equity and liabilities | 10/49 | €242,780 | €260,107 | +€17,327 | +7.1% |
| Equity | 10/15 | €25,517 | €88,480 | +€62,963 | +247% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,017 | €83,980 | +€62,963 | +300% |
| Amounts payable | 17/49 | €217,263 | €171,627 | -€45,636 | -21.0% |
| Amounts payable after more than one year | 17 | €6,235 | €27,017 | +€20,782 | +333% |
| Financial debts | 170/4 | €6,235 | €27,017 | +€20,782 | +333% |
| Amounts payable within one year | 42/48 | €164,524 | €134,536 | -€29,988 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €3,237 | €23,173 | +€19,937 | +616% |
| Trade debts | 44 | €24,648 | €35,571 | +€10,923 | +44.3% |
| Suppliers | 440/4 | €24,648 | €35,571 | +€10,923 | +44.3% |
| Taxes, remuneration and social security | 45 | €21,769 | €31,217 | +€9,449 | +43.4% |
| Taxes | 450/3 | €5,019 | €15,253 | +€10,234 | +204% |
| Remuneration and social security | 454/9 | €16,750 | €15,965 | -€785 | -4.7% |
| Other amounts payable | 47/48 | €114,870 | €44,574 | -€70,297 | -61.2% |
| Accrued charges and deferred income | 492/3 | €46,505 | €10,075 | -€36,430 | -78.3% |
| Remuneration, social security and pensions | 62 | €115,529 | €200,531 | +€85,002 | +73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,775 | €59,417 | +€19,641 | +49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,358 | +€3,358 | |
| Other operating charges | 640/8 | €1,394 | €4,022 | +€2,628 | +188% |
| Gross operating margin | 9900 | €183,663 | €348,866 | +€165,203 | +89.9% |
| Operating profit (loss) | 9901 | €26,964 | €81,538 | +€54,573 | +202% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | - | €258 | +€258 | |
| Recurring financial charges | 65 | - | €258 | +€258 | |
| Profit (loss) for the period before taxes | 9903 | €27,017 | €81,280 | +€54,263 | +201% |
| Income taxes | 67/77 | €6,000 | €18,317 | +€12,317 | +205% |
| Profit (loss) for the period | 9904 | €21,017 | €62,963 | +€41,946 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €21,017 | €62,963 | +€41,946 | +200% |
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 16 October 2026 via checked.be.