Onbetaalbaar: 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.
Onbetaalbaar
Largest movements
- Receivables within one year +€129,131
up €129,131 (+114%), from €113,295 to €242,426
of which Trade receivables: +€117,981
- Cash -€41,710
down €41,710 (-24.4%), from €171,239 to €129,530
mainly Receivables within one year (-€129,131) and Debts after one year (-€33,894)
- Tangible fixed assets -€9,519
down €9,519 (-5.7%), from €167,438 to €157,919
of which Leasing and similar rights: -€7,500
- Deferred charges and accrued income +€9,437
up €9,437 (+34.7%), from €27,201 to €36,638
- Trade debts +€66,324
up €66,324 (+105%), from €62,892 to €129,216
- Debts after one year -€33,894
down €33,894 (-22.6%), from €149,643 to €115,749
of which Financial debts: -€33,894
- Profit (loss) carried forward +€28,114
up €28,114 (+75.5%), from €37,228 to €65,342
- Accrued charges and deferred income +€27,312
up €27,312 (+42.0%), from €65,103 to €92,415
- Gross operating margin +€59,154
up €59,154 (+12.3%), from €480,634 to €539,787
- Staff costs +€51,480
up €51,480 (+12.1%), from €424,441 to €475,921
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 | €481,521 | €568,861 | +€87,339 | +18.1% |
| Fixed assets | 21/28 | €167,438 | €157,919 | -€9,519 | -5.7% |
| Tangible fixed assets | 22/27 | €167,438 | €157,919 | -€9,519 | -5.7% |
| Land and buildings | 22 | €11,837 | €10,271 | -€1,565 | -13.2% |
| Plant, machinery and equipment | 23 | €13,201 | €13,216 | +€15 | +0.1% |
| Furniture and vehicles | 24 | €9,374 | €8,905 | -€469 | -5.0% |
| Leasing and similar rights | 25 | €133,027 | €125,527 | -€7,500 | -5.6% |
| Current assets | 29/58 | €314,083 | €410,942 | +€96,859 | +30.8% |
| Stocks and contracts in progress | 3 | €2,348 | €2,348 | = | 0.0% |
| Stocks | 30/36 | €2,348 | €2,348 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,295 | €242,426 | +€129,131 | +114% |
| Trade receivables | 40 | €113,116 | €231,098 | +€117,981 | +104% |
| Other amounts receivable | 41 | €178 | €11,329 | +€11,150 | +6,249% |
| Cash at bank and in hand | 54/58 | €171,239 | €129,530 | -€41,710 | -24.4% |
| Deferred charges and accrued income | 490/1 | €27,201 | €36,638 | +€9,437 | +34.7% |
| Total equity and liabilities | 10/49 | €481,521 | €568,861 | +€87,339 | +18.1% |
| Equity | 10/15 | €58,068 | €86,182 | +€28,114 | +48.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,840 | €19,840 | = | 0.0% |
| Distributable reserves | 133 | €19,840 | €19,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,228 | €65,342 | +€28,114 | +75.5% |
| Amounts payable | 17/49 | €423,454 | €482,679 | +€59,225 | +14.0% |
| Amounts payable after more than one year | 17 | €149,643 | €115,749 | -€33,894 | -22.6% |
| Financial debts | 170/4 | €149,143 | €115,249 | -€33,894 | -22.7% |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €208,708 | €274,515 | +€65,807 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €8,355 | €8,656 | +€301 | +3.6% |
| Trade debts | 44 | €62,892 | €129,216 | +€66,324 | +105% |
| Suppliers | 440/4 | €62,892 | €129,216 | +€66,324 | +105% |
| Taxes, remuneration and social security | 45 | €53,011 | €56,867 | +€3,856 | +7.3% |
| Taxes | 450/3 | €16,348 | €17,120 | +€772 | +4.7% |
| Remuneration and social security | 454/9 | €36,663 | €39,747 | +€3,084 | +8.4% |
| Other amounts payable | 47/48 | €84,450 | €79,776 | -€4,675 | -5.5% |
| Accrued charges and deferred income | 492/3 | €65,103 | €92,415 | +€27,312 | +42.0% |
| Non-recurring operating income | 76A | - | €909 | +€909 | |
| Remuneration, social security and pensions | 62 | €424,441 | €475,921 | +€51,480 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,096 | €17,826 | +€1,729 | +10.7% |
| Other operating charges | 640/8 | €3,190 | €1,569 | -€1,621 | -50.8% |
| Non-recurring operating charges | 66A | €1,225 | €0 | -€1,225 | -100% |
| Gross operating margin | 9900 | €480,634 | €539,787 | +€59,154 | +12.3% |
| Operating profit (loss) | 9901 | €35,682 | €44,472 | +€8,790 | +24.6% |
| Financial income | 75/76B | €20 | €4 | -€17 | -81.8% |
| Recurring financial income | 75 | €20 | €4 | -€17 | -81.8% |
| Financial charges | 65/66B | €6,128 | €4,863 | -€1,265 | -20.6% |
| Recurring financial charges | 65 | €6,128 | €4,863 | -€1,265 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €29,574 | €39,612 | +€10,038 | +33.9% |
| Income taxes | 67/77 | €9,257 | €9,498 | +€241 | +2.6% |
| Profit (loss) for the period | 9904 | €20,317 | €30,114 | +€9,797 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,317 | €30,114 | +€9,797 | +48.2% |
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 15 October 2026 via checked.be.