On the Way: what changed
What changed
On the Way
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
filed annual accounts (NBB)
Net result for the year
€5,072
2024 · €18,525-€13,453
Equity
€75,643
2024 · €82,196-€6,553
Cash
€75,302
2024 · €69,177+€6,124
Balance sheet total
€130,075
2024 · €146,405-€16,329
Largest movements
Assets
- Receivables within one year -€12,574
down €12,574 (-45.6%), from €27,592 to €15,018
of which Trade receivables: -€14,574
- Tangible fixed assets -€9,928
down €9,928 (-21.1%), from €46,998 to €37,070
of which Furniture and vehicles: -€11,759
- Cash +€6,124
up €6,124 (+8.9%), from €69,177 to €75,302
mainly Depreciation (+€13,520) and Receivables within one year (+€12,574)
Equity and liabilities
- Debts after one year -€6,839
down €6,839 (-33.8%), from €20,259 to €13,420
- Reserves -€6,553
down €6,553 (-8.3%), from €79,196 to €72,643
- Other debts -€4,748
down €4,748 (-18.9%), from €25,099 to €20,351
Income statement
- Gross operating margin -€16,024
down €16,024 (-38.1%), from €42,066 to €26,042
- Taxes -€4,073
down €4,073 (-51.2%), from €7,951 to €3,878
- Other operating charges +€514
up €514 (+114%), from €451 to €965
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€18,525
Gross operating margin
-€16,024
Depreciation
-€316
Other operating charges
-€514
Other operating items
-€1,015
Financial income
+€0
Financial charges
+€343
Taxes
+€4,073
Result 2025
€5,072
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27,859
Investment
-€3,591
Financing
-€18,144
Cash 2024
€69,177
From operations (derived)
+€27,859
Net result for the year
+€5,072
Depreciation
+€13,520
Receivables within one year
+€12,574
Deferred charges and accrued income
-€49
Trade debts
+€789
Tax, wage and social debts
+€1,081
Other debts
-€4,748
Accrued charges and deferred income
-€379
Investment (derived)
-€3,591
Investment in fixed assets (net)
-€3,591
Financing
-€18,144
Debts after one year
-€6,839
Current portion of long-term debt
+€320
Contributions, distributions and other
-€11,625
Cash 2025
€75,302
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,405 | €130,075 | -€16,329 | -11.2% |
| Fixed assets | 21/28 | €46,998 | €37,070 | -€9,928 | -21.1% |
| Tangible fixed assets | 22/27 | €46,998 | €37,070 | -€9,928 | -21.1% |
| Plant, machinery and equipment | 23 | €1,668 | €3,707 | +€2,040 | +122% |
| Furniture and vehicles | 24 | €43,631 | €31,872 | -€11,759 | -27.0% |
| Other tangible fixed assets | 26 | €1,699 | €1,491 | -€209 | -12.3% |
| Current assets | 29/58 | €99,406 | €93,005 | -€6,401 | -6.4% |
| Amounts receivable within one year | 40/41 | €27,592 | €15,018 | -€12,574 | -45.6% |
| Trade receivables | 40 | €27,592 | €13,018 | -€14,574 | -52.8% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €69,177 | €75,302 | +€6,124 | +8.9% |
| Deferred charges and accrued income | 490/1 | €2,637 | €2,686 | +€49 | +1.9% |
| Total equity and liabilities | 10/49 | €146,405 | €130,075 | -€16,329 | -11.2% |
| Equity | 10/15 | €82,196 | €75,643 | -€6,553 | -8.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,196 | €72,643 | -€6,553 | -8.3% |
| Distributable reserves | 133 | €79,196 | €72,643 | -€6,553 | -8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,209 | €54,432 | -€9,777 | -15.2% |
| Amounts payable after more than one year | 17 | €20,259 | €13,420 | -€6,839 | -33.8% |
| Financial debts | 170/4 | €20,259 | €13,420 | -€6,839 | -33.8% |
| Amounts payable within one year | 42/48 | €43,501 | €40,942 | -€2,558 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €6,519 | €6,839 | +€320 | +4.9% |
| Trade debts | 44 | €1,152 | €1,941 | +€789 | +68.5% |
| Suppliers | 440/4 | €1,152 | €1,941 | +€789 | +68.5% |
| Taxes, remuneration and social security | 45 | €10,731 | €11,812 | +€1,081 | +10.1% |
| Taxes | 450/3 | €10,731 | €11,506 | +€775 | +7.2% |
| Remuneration and social security | 454/9 | €0 | €306 | +€306 | |
| Other amounts payable | 47/48 | €25,099 | €20,351 | -€4,748 | -18.9% |
| Accrued charges and deferred income | 492/3 | €449 | €69 | -€379 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,203 | €13,520 | +€316 | +2.4% |
| Other operating charges | 640/8 | €451 | €965 | +€514 | +114% |
| Non-recurring operating charges | 66A | - | €1,015 | +€1,015 | |
| Gross operating margin | 9900 | €42,066 | €26,042 | -€16,024 | -38.1% |
| Operating profit (loss) | 9901 | €28,412 | €10,542 | -€17,870 | -62.9% |
| Financial income | 75/76B | €0 | €1 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +100% |
| Financial charges | 65/66B | €1,936 | €1,593 | -€343 | -17.7% |
| Recurring financial charges | 65 | €1,936 | €1,593 | -€343 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €26,476 | €8,950 | -€17,527 | -66.2% |
| Income taxes | 67/77 | €7,951 | €3,878 | -€4,073 | -51.2% |
| Profit (loss) for the period | 9904 | €18,525 | €5,072 | -€13,453 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,525 | €5,072 | -€13,453 | -72.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.