OUTLIN: 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.
OUTLIN
Largest movements
- Receivables within one year +€22,844
up €22,844 (+32.9%), from €69,384 to €92,228
of which Trade receivables: +€32,462
- Cash +€15,613
up €15,613 (+36.8%), from €42,372 to €57,985
mainly Net result for the year (+€95,610) and Other debts (+€74,866)
- Tangible fixed assets -€2,773
down €2,773 (-13.9%), from €19,911 to €17,138
- Other debts +€74,866
up €74,866 (+150%), from €49,854 to €124,720
- Reserves -€38,761
no longer reported in 2025 (was €38,761)
- Tax, wage and social debts +€9,927
up €9,927 (+123%), from €8,046 to €17,973
- Trade debts -€8,110
down €8,110 (-82.8%), from €9,797 to €1,687
- Current portion of long-term debt -€1,726
down €1,726 (-25.4%), from €6,789 to €5,062
- Gross operating margin +€61,056
up €61,056 (+88.7%), from €68,806 to €129,862
- Taxes +€13,833
up €13,833 (+100%), from €13,832 to €27,665
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 | €132,165 | €167,992 | +€35,827 | +27.1% |
| Fixed assets | 21/28 | €19,911 | €17,138 | -€2,773 | -13.9% |
| Tangible fixed assets | 22/27 | €19,911 | €17,138 | -€2,773 | -13.9% |
| Plant, machinery and equipment | 23 | €2,188 | €1,329 | -€860 | -39.3% |
| Furniture and vehicles | 24 | €7,643 | €6,879 | -€764 | -10.0% |
| Other tangible fixed assets | 26 | €10,080 | €8,930 | -€1,150 | -11.4% |
| Current assets | 29/58 | €112,254 | €150,854 | +€38,601 | +34.4% |
| Amounts receivable within one year | 40/41 | €69,384 | €92,228 | +€22,844 | +32.9% |
| Trade receivables | 40 | €59,767 | €92,228 | +€32,462 | +54.3% |
| Other amounts receivable | 41 | €9,617 | - | -€9,617 | |
| Cash at bank and in hand | 54/58 | €42,372 | €57,985 | +€15,613 | +36.8% |
| Deferred charges and accrued income | 490/1 | €498 | €641 | +€143 | +28.8% |
| Total equity and liabilities | 10/49 | €132,165 | €167,992 | +€35,827 | +27.1% |
| Equity | 10/15 | €57,311 | €18,550 | -€38,761 | -67.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €38,761 | - | -€38,761 | |
| Distributable reserves | 133 | €38,761 | - | -€38,761 | |
| Amounts payable | 17/49 | €74,853 | €149,442 | +€74,589 | +99.6% |
| Amounts payable within one year | 42/48 | €74,486 | €149,442 | +€74,956 | +101% |
| Current portion of amounts payable after more than one year | 42 | €6,789 | €5,062 | -€1,726 | -25.4% |
| Trade debts | 44 | €9,797 | €1,687 | -€8,110 | -82.8% |
| Suppliers | 440/4 | €9,797 | €1,687 | -€8,110 | -82.8% |
| Taxes, remuneration and social security | 45 | €8,046 | €17,973 | +€9,927 | +123% |
| Taxes | 450/3 | €8,046 | €17,973 | +€9,927 | +123% |
| Other amounts payable | 47/48 | €49,854 | €124,720 | +€74,866 | +150% |
| Accrued charges and deferred income | 492/3 | €368 | - | -€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,113 | €4,773 | +€660 | +16.0% |
| Other operating charges | 640/8 | €390 | €866 | +€476 | +122% |
| Gross operating margin | 9900 | €68,806 | €129,862 | +€61,056 | +88.7% |
| Operating profit (loss) | 9901 | €64,303 | €124,223 | +€59,920 | +93.2% |
| Financial income | 75/76B | €108 | €1 | -€107 | -99.2% |
| Recurring financial income | 75 | €108 | €1 | -€107 | -99.2% |
| Financial charges | 65/66B | €726 | €949 | +€223 | +30.7% |
| Recurring financial charges | 65 | €726 | €949 | +€223 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €63,685 | €123,275 | +€59,590 | +93.6% |
| Income taxes | 67/77 | €13,832 | €27,665 | +€13,833 | +100% |
| Profit (loss) for the period | 9904 | €49,854 | €95,610 | +€45,756 | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,854 | €95,610 | +€45,756 | +91.8% |
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 14 October 2026 via checked.be.