Operations Transformation Solutions: 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.
Operations Transformation Solutions
Largest movements
- Receivables within one year +€27,744
up €27,744 (+353.5%), from €7,849 to €35,593
of which Trade receivables: +€29,029
- Cash -€7,241
down €7,241 (-33.6%), from €21,582 to €14,340
mainly Receivables within one year (-€27,744) and Trade debts (-€3,182)
- Tangible fixed assets -€1,214
down €1,214 (-11.6%), from €10,466 to €9,252
of which Plant, machinery and equipment: -€660
- Reserves +€13,845
up €13,845 (+49.3%), from €28,101 to €41,946
- Tax, wage and social debts +€8,626
new in 2025: €8,626
- Trade debts -€3,182
down €3,182 (-46.8%), from €6,801 to €3,619
- Write-downs +€24,564
new in 2025: €24,564
- Taxes -€7,295
down €7,295 (-64.4%), from €11,320 to €4,025
- Gross operating margin +€4,099
up €4,099 (+9.6%), from €42,583 to €46,682
- Depreciation +€1,433
up €1,433 (+134.8%), from €1,063 to €2,495
- Other operating charges -€627
down €627 (-59.2%), from €1,058 to €431
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.
Cash bridge derived
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 | €39,897 | €59,186 | +€19,289 | +48.3% |
| Fixed assets | 21/28 | €10,466 | €9,252 | -€1,214 | -11.6% |
| Tangible fixed assets | 22/27 | €10,466 | €9,252 | -€1,214 | -11.6% |
| Land and buildings | 22 | €4,248 | €3,791 | -€457 | -10.8% |
| Plant, machinery and equipment | 23 | €4,107 | €3,447 | -€660 | -16.1% |
| Furniture and vehicles | 24 | €2,111 | €2,013 | -€98 | -4.6% |
| Current assets | 29/58 | €29,431 | €49,934 | +€20,503 | +69.7% |
| Amounts receivable within one year | 40/41 | €7,849 | €35,593 | +€27,744 | +353.5% |
| Trade receivables | 40 | - | €29,029 | +€29,029 | |
| Other amounts receivable | 41 | €7,849 | €6,564 | -€1,285 | -16.4% |
| Cash at bank and in hand | 54/58 | €21,582 | €14,340 | -€7,241 | -33.6% |
| Total equity and liabilities | 10/49 | €39,897 | €59,186 | +€19,289 | +48.3% |
| Equity | 10/15 | €33,096 | €46,941 | +€13,845 | +41.8% |
| Contributions | 10/11 | €4,995 | €4,995 | = | 0.0% |
| Reserves | 13 | €28,101 | €41,946 | +€13,845 | +49.3% |
| Distributable reserves | 133 | €28,101 | €41,946 | +€13,845 | +49.3% |
| Amounts payable | 17/49 | €6,801 | €12,245 | +€5,444 | +80.0% |
| Amounts payable within one year | 42/48 | €6,801 | €12,245 | +€5,444 | +80.0% |
| Trade debts | 44 | €6,801 | €3,619 | -€3,182 | -46.8% |
| Suppliers | 440/4 | €6,801 | €3,619 | -€3,182 | -46.8% |
| Taxes, remuneration and social security | 45 | - | €8,626 | +€8,626 | |
| Taxes | 450/3 | - | €8,626 | +€8,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | €2,495 | +€1,433 | +134.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,564 | +€24,564 | |
| Other operating charges | 640/8 | €1,058 | €431 | -€627 | -59.2% |
| Gross operating margin | 9900 | €42,583 | €46,682 | +€4,099 | +9.6% |
| Operating profit (loss) | 9901 | €40,462 | €19,191 | -€21,271 | -52.6% |
| Financial income | 75/76B | €2 | €107 | +€105 | +6077.5% |
| Recurring financial income | 75 | €2 | €107 | +€105 | +6077.5% |
| Financial charges | 65/66B | €1,043 | €1,428 | +€385 | +36.9% |
| Recurring financial charges | 65 | €1,043 | €1,428 | +€385 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €39,421 | €17,870 | -€21,551 | -54.7% |
| Income taxes | 67/77 | €11,320 | €4,025 | -€7,295 | -64.4% |
| Profit (loss) for the period | 9904 | €28,101 | €13,845 | -€14,256 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,101 | €13,845 | -€14,256 | -50.7% |
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 12 October 2026 via checked.be.