ONE VISION: 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.
ONE VISION
Largest movements
- Receivables within one year +€143,074
up €143,074 (+21.2%), from €675,208 to €818,282
of which Other amounts receivable: +€234,074
- Cash +€32,830
up €32,830 (+1,294%), from €2,537 to €35,367
mainly Net result for the year (+€257,635) and Tax, wage and social debts (+€63,429)
- Tax, wage and social debts +€63,429
up €63,429 (+34.2%), from €185,371 to €248,799
- Current portion of long-term debt +€30,304
new in 2025: €30,304
- Other debts +€30,300
up €30,300 (+4,329%), from €700 to €31,000
- Reserves +€20,000
up €20,000 (+7.2%), from €277,143 to €297,143
- Trade debts +€17,094
up €17,094 (+98.9%), from €17,277 to €34,371
- Gross operating margin -€320,222
down €320,222 (-47.9%), from €668,168 to €347,946
- Taxes -€93,397
down €93,397 (-51.3%), from €181,942 to €88,545
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 | €868,745 | €1,044,649 | +€175,904 | +20.2% |
| Fixed assets | 21/28 | €191,000 | €191,000 | = | 0.0% |
| Financial fixed assets | 28 | €191,000 | €191,000 | = | 0.0% |
| Current assets | 29/58 | €677,745 | €853,649 | +€175,904 | +26.0% |
| Amounts receivable within one year | 40/41 | €675,208 | €818,282 | +€143,074 | +21.2% |
| Trade receivables | 40 | €93,500 | €2,500 | -€91,000 | -97.3% |
| Other amounts receivable | 41 | €581,708 | €815,782 | +€234,074 | +40.2% |
| Cash at bank and in hand | 54/58 | €2,537 | €35,367 | +€32,830 | +1,294% |
| Total equity and liabilities | 10/49 | €868,745 | €1,044,649 | +€175,904 | +20.2% |
| Equity | 10/15 | €665,398 | €700,175 | +€34,778 | +5.2% |
| Contributions | 10/11 | €6,313 | €6,313 | = | 0.0% |
| Reserves | 13 | €277,143 | €297,143 | +€20,000 | +7.2% |
| Distributable reserves | 133 | €277,143 | €297,143 | +€20,000 | +7.2% |
| Profit (loss) carried forward | 14 | €381,941 | €396,719 | +€14,778 | +3.9% |
| Amounts payable | 17/49 | €203,347 | €344,474 | +€141,126 | +69.4% |
| Amounts payable within one year | 42/48 | €203,347 | €344,474 | +€141,126 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | - | €30,304 | +€30,304 | |
| Trade debts | 44 | €17,277 | €34,371 | +€17,094 | +98.9% |
| Suppliers | 440/4 | €17,277 | €34,371 | +€17,094 | +98.9% |
| Taxes, remuneration and social security | 45 | €185,371 | €248,799 | +€63,429 | +34.2% |
| Taxes | 450/3 | €185,371 | €248,799 | +€63,429 | +34.2% |
| Other amounts payable | 47/48 | €700 | €31,000 | +€30,300 | +4,329% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €668,168 | €347,946 | -€320,222 | -47.9% |
| Operating profit (loss) | 9901 | €667,780 | €347,546 | -€320,234 | -48.0% |
| Financial charges | 65/66B | €12 | €1,366 | +€1,354 | +11,283% |
| Recurring financial charges | 65 | €12 | €1,366 | +€1,354 | +11,283% |
| Profit (loss) for the period before taxes | 9903 | €667,768 | €346,180 | -€321,588 | -48.2% |
| Income taxes | 67/77 | €181,942 | €88,545 | -€93,397 | -51.3% |
| Profit (loss) for the period | 9904 | €485,826 | €257,635 | -€228,191 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €485,826 | €257,635 | -€228,191 | -47.0% |
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.