ONFOCUS: 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.
ONFOCUS
Largest movements
- Cash -€78,486
down €78,486 (-40.6%), from €193,298 to €114,812
mainly Receivables within one year (-€76,266) and Tax, wage and social debts (-€61,151)
- Receivables within one year +€76,266
up €76,266 (+157%), from €48,577 to €124,843
of which Other amounts receivable: +€71,393
- Intangible fixed assets -€12,096
down €12,096 (-29.7%), from €40,696 to €28,600
- Tangible fixed assets -€8,702
down €8,702 (-18.6%), from €46,871 to €38,169
of which Furniture and vehicles: -€6,749
- Current portion of long-term debt +€83,193
up €83,193 (+631%), from €13,191 to €96,384
- Tax, wage and social debts -€61,151
down €61,151 (-45.8%), from €133,502 to €72,351
of which Remuneration and social security: -€74,899
- Other debts -€59,181
down €59,181 (-55.4%), from €106,752 to €47,571
- Trade debts +€13,627
up €13,627 (+26.2%), from €51,983 to €65,610
- Gross operating margin -€641,161
down €641,161 (-58.9%), from €1.1m to €448,161
- Staff costs -€289,339
down €289,339 (-48.6%), from €595,821 to €306,482
- Other operating charges -€167,411
down €167,411 (-62.7%), from €267,096 to €99,685
- Depreciation -€15,082
down €15,082 (-30.1%), from €50,119 to €35,037
- Taxes -€13,523
down €13,523 (-98.7%), from €13,703 to €180
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 | €349,181 | €325,947 | -€23,234 | -6.7% |
| Fixed assets | 21/28 | €89,797 | €69,039 | -€20,758 | -23.1% |
| Intangible fixed assets | 21 | €40,696 | €28,600 | -€12,096 | -29.7% |
| Tangible fixed assets | 22/27 | €46,871 | €38,169 | -€8,702 | -18.6% |
| Plant, machinery and equipment | 23 | €7,884 | €5,931 | -€1,953 | -24.8% |
| Furniture and vehicles | 24 | €38,987 | €32,238 | -€6,749 | -17.3% |
| Financial fixed assets | 28 | €2,230 | €2,271 | +€41 | +1.8% |
| Current assets | 29/58 | €259,384 | €256,907 | -€2,477 | -1.0% |
| Stocks and contracts in progress | 3 | €17,483 | €17,252 | -€231 | -1.3% |
| Stocks | 30/36 | €17,483 | €17,252 | -€231 | -1.3% |
| Amounts receivable within one year | 40/41 | €48,577 | €124,843 | +€76,266 | +157% |
| Trade receivables | 40 | - | €4,873 | +€4,873 | |
| Other amounts receivable | 41 | €48,577 | €119,970 | +€71,393 | +147% |
| Cash at bank and in hand | 54/58 | €193,298 | €114,812 | -€78,486 | -40.6% |
| Deferred charges and accrued income | 490/1 | €26 | - | -€26 | |
| Total equity and liabilities | 10/49 | €349,181 | €325,947 | -€23,234 | -6.7% |
| Equity | 10/15 | €43,753 | €44,030 | +€277 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,153 | €25,152 | -€1 | 0.0% |
| Distributable reserves | 133 | €25,153 | €25,152 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | - | €278 | +€278 | |
| Amounts payable | 17/49 | €305,428 | €281,917 | -€23,511 | -7.7% |
| Amounts payable within one year | 42/48 | €305,428 | €281,917 | -€23,511 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €13,191 | €96,384 | +€83,193 | +631% |
| Trade debts | 44 | €51,983 | €65,610 | +€13,627 | +26.2% |
| Suppliers | 440/4 | €51,983 | €65,610 | +€13,627 | +26.2% |
| Taxes, remuneration and social security | 45 | €133,502 | €72,351 | -€61,151 | -45.8% |
| Taxes | 450/3 | €58,603 | €72,351 | +€13,748 | +23.5% |
| Remuneration and social security | 454/9 | €74,899 | - | -€74,899 | |
| Other amounts payable | 47/48 | €106,752 | €47,571 | -€59,181 | -55.4% |
| Remuneration, social security and pensions | 62 | €595,821 | €306,482 | -€289,339 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,119 | €35,037 | -€15,082 | -30.1% |
| Other operating charges | 640/8 | €267,096 | €99,685 | -€167,411 | -62.7% |
| Gross operating margin | 9900 | €1,089,322 | €448,161 | -€641,161 | -58.9% |
| Operating profit (loss) | 9901 | €176,286 | €6,957 | -€169,329 | -96.1% |
| Financial income | 75/76B | €83 | - | -€83 | |
| Recurring financial income | 75 | €83 | - | -€83 | |
| Financial charges | 65/66B | €8,283 | €6,499 | -€1,784 | -21.5% |
| Recurring financial charges | 65 | €8,283 | €6,499 | -€1,784 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €168,086 | €458 | -€167,628 | -99.7% |
| Income taxes | 67/77 | €13,703 | €180 | -€13,523 | -98.7% |
| Profit (loss) for the period | 9904 | €154,383 | €278 | -€154,105 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,383 | €278 | -€154,105 | -99.8% |
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 20 October 2026 via checked.be.