OPTIONS: what changed
Two fiscal 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.
OPTIONS
Largest movements
- Stocks and contracts -€152,950
down €152,950 (-53.0%), from €288,450 to €135,500
- Cash +€98,027
up €98,027 (+285.6%), from €34,319 to €132,345
mainly Stocks and contracts (+€152,950) and Net result for the year (+€118,334)
- Receivables within one year +€59,360
up €59,360 (+178.3%), from €33,291 to €92,651
of which Trade receivables: +€31,927
- Debts after one year -€138,106
down €138,106 (-26.4%), from €523,800 to €385,694
- Reserves +€118,334
up €118,334 (+179.6%), from €65,873 to €184,206
of which Distributable reserves: +€118,334
- Short-term financial debts +€74,507
up €74,507 (+15118.2%), from €493 to €75,000
- Trade debts -€41,011
down €41,011 (-64.3%), from €63,774 to €22,762
- Advances received -€36,350
down €36,350 (-49.5%), from €73,500 to €37,150
- Gross operating margin +€148,177
up €148,177 (+213.2%), from €69,515 to €217,691
- Taxes +€47,567
up €47,567 (+555.4%), from €8,564 to €56,132
- Depreciation +€5,166
up €5,166 (+23.1%), from €22,364 to €27,530
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 | €947,606 | €950,703 | +€3,096 | +0.3% |
| Fixed assets | 21/28 | €587,365 | €583,737 | -€3,628 | -0.6% |
| Tangible fixed assets | 22/27 | €585,707 | €582,079 | -€3,628 | -0.6% |
| Land and buildings | 22 | €556,234 | €559,541 | +€3,308 | +0.6% |
| Plant, machinery and equipment | 23 | €1,096 | €4,981 | +€3,885 | +354.5% |
| Furniture and vehicles | 24 | €28,378 | €17,557 | -€10,821 | -38.1% |
| Financial fixed assets | 28 | €1,658 | €1,658 | = | 0.0% |
| Current assets | 29/58 | €360,242 | €366,966 | +€6,724 | +1.9% |
| Stocks and contracts in progress | 3 | €288,450 | €135,500 | -€152,950 | -53.0% |
| Stocks | 30/36 | €288,450 | €135,500 | -€152,950 | -53.0% |
| Amounts receivable within one year | 40/41 | €33,291 | €92,651 | +€59,360 | +178.3% |
| Trade receivables | 40 | €31,855 | €63,782 | +€31,927 | +100.2% |
| Other amounts receivable | 41 | €1,436 | €28,868 | +€27,433 | +1910.6% |
| Cash at bank and in hand | 54/58 | €34,319 | €132,345 | +€98,027 | +285.6% |
| Deferred charges and accrued income | 490/1 | €4,182 | €6,470 | +€2,288 | +54.7% |
| Total equity and liabilities | 10/49 | €947,606 | €950,703 | +€3,096 | +0.3% |
| Equity | 10/15 | €84,473 | €202,806 | +€118,334 | +140.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,873 | €184,206 | +€118,334 | +179.6% |
| Non-distributable reserves | 130/1 | €645 | €645 | = | 0.0% |
| Reserves not available under the articles | 1311 | €645 | €645 | = | 0.0% |
| Distributable reserves | 133 | €65,228 | €183,562 | +€118,334 | +181.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €863,134 | €747,896 | -€115,238 | -13.4% |
| Amounts payable after more than one year | 17 | €523,800 | €385,694 | -€138,106 | -26.4% |
| Financial debts | 170/4 | €523,800 | €385,694 | -€138,106 | -26.4% |
| Amounts payable within one year | 42/48 | €339,334 | €362,202 | +€22,868 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €21,658 | €22,106 | +€448 | +2.1% |
| Financial debts | 43 | €493 | €75,000 | +€74,507 | +15118.2% |
| Credit institutions | 430/8 | €493 | €75,000 | +€74,507 | +15118.2% |
| Trade debts | 44 | €63,774 | €22,762 | -€41,011 | -64.3% |
| Suppliers | 440/4 | €63,774 | €22,762 | -€41,011 | -64.3% |
| Advances received on contracts in progress | 46 | €73,500 | €37,150 | -€36,350 | -49.5% |
| Taxes, remuneration and social security | 45 | €20,952 | €39,307 | +€18,355 | +87.6% |
| Taxes | 450/3 | €17,952 | €35,807 | +€17,855 | +99.5% |
| Remuneration and social security | 454/9 | €3,000 | €3,500 | +€500 | +16.7% |
| Other amounts payable | 47/48 | €158,958 | €165,877 | +€6,919 | +4.4% |
| Non-recurring operating income | 76A | €23,197 | €0 | -€23,197 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,364 | €27,530 | +€5,166 | +23.1% |
| Other operating charges | 640/8 | €8,484 | €6,438 | -€2,046 | -24.1% |
| Gross operating margin | 9900 | €69,515 | €217,691 | +€148,177 | +213.2% |
| Operating profit (loss) | 9901 | €38,667 | €183,723 | +€145,057 | +375.1% |
| Financial income | 75/76B | €2 | €1 | -€1 | -52.4% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -52.4% |
| Financial charges | 65/66B | €11,187 | €9,259 | -€1,928 | -17.2% |
| Recurring financial charges | 65 | €11,187 | €9,259 | -€1,928 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €27,481 | €174,465 | +€146,984 | +534.8% |
| Income taxes | 67/77 | €8,564 | €56,132 | +€47,567 | +555.4% |
| Profit (loss) for the period | 9904 | €18,917 | €118,334 | +€99,417 | +525.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,917 | €118,334 | +€99,417 | +525.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.