P&L10: 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.
P&L10
Largest movements
- Cash -€135,508
down €135,508 (-94.1%), from €143,931 to €8,423
mainly Trade debts (-€142,150) and Receivables within one year (-€21,930)
- Receivables within one year +€21,930
up €21,930 (+16.8%), from €130,279 to €152,209
of which Trade receivables: +€21,668
- Receivables after one year +€16,172
up €16,172 (+1.6%), from €996,835 to €1.0m
of which Other amounts receivable: +€16,172
- Trade debts -€142,150
down €142,150 (-98.0%), from €145,073 to €2,923
- Reserves +€29,148
up €29,148 (+3.4%), from €848,214 to €877,362
of which Distributable reserves: +€29,148
- Debts after one year +€28,102
up €28,102 (+8.3%), from €339,612 to €367,714
- Tax, wage and social debts -€17,066
down €17,066 (-34.0%), from €50,210 to €33,144
- Gross operating margin +€24,007
up €24,007 (+73.5%), from €32,661 to €56,668
- Taxes +€5,294
up €5,294 (+180.1%), from €2,940 to €8,234
- Financial charges -€1,243
down €1,243 (-6.4%), from €19,361 to €18,118
- Other operating charges +€611
up €611 (+157.8%), from €387 to €998
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 | €1,475,326 | €1,377,436 | -€97,890 | -6.6% |
| Fixed assets | 21/28 | €204,281 | €203,797 | -€484 | -0.2% |
| Tangible fixed assets | 22/27 | €1,236 | €752 | -€484 | -39.2% |
| Furniture and vehicles | 24 | €1,236 | €752 | -€484 | -39.2% |
| Financial fixed assets | 28 | €203,045 | €203,045 | = | 0.0% |
| Current assets | 29/58 | €1,271,045 | €1,173,639 | -€97,406 | -7.7% |
| Amounts receivable after more than one year | 29 | €996,835 | €1,013,006 | +€16,172 | +1.6% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €996,835 | €1,013,006 | +€16,172 | +1.6% |
| Amounts receivable within one year | 40/41 | €130,279 | €152,209 | +€21,930 | +16.8% |
| Trade receivables | 40 | €124,609 | €146,277 | +€21,668 | +17.4% |
| Other amounts receivable | 41 | €5,670 | €5,932 | +€262 | +4.6% |
| Cash at bank and in hand | 54/58 | €143,931 | €8,423 | -€135,508 | -94.1% |
| Total equity and liabilities | 10/49 | €1,475,326 | €1,377,436 | -€97,890 | -6.6% |
| Equity | 10/15 | €921,214 | €950,362 | +€29,148 | +3.2% |
| Contributions | 10/11 | €73,000 | €73,000 | = | 0.0% |
| Capital | 10 | €73,000 | €73,000 | = | 0.0% |
| Issued capital | 100 | €73,000 | €73,000 | = | 0.0% |
| Outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €848,214 | €877,362 | +€29,148 | +3.4% |
| Non-distributable reserves | 130/1 | €7,300 | €7,300 | = | 0.0% |
| Legal reserve | 130 | €7,300 | €7,300 | = | 0.0% |
| Distributable reserves | 133 | €840,914 | €870,062 | +€29,148 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €554,112 | €427,074 | -€127,038 | -22.9% |
| Amounts payable after more than one year | 17 | €339,612 | €367,714 | +€28,102 | +8.3% |
| Other amounts payable | 178/9 | €339,612 | €367,714 | +€28,102 | +8.3% |
| Amounts payable within one year | 42/48 | €195,283 | €41,468 | -€153,815 | -78.8% |
| Trade debts | 44 | €145,073 | €2,923 | -€142,150 | -98.0% |
| Suppliers | 440/4 | €145,073 | €2,923 | -€142,150 | -98.0% |
| Taxes, remuneration and social security | 45 | €50,210 | €33,144 | -€17,066 | -34.0% |
| Taxes | 450/3 | €50,210 | €33,144 | -€17,066 | -34.0% |
| Other amounts payable | 47/48 | €0 | €5,401 | +€5,401 | |
| Accrued charges and deferred income | 492/3 | €19,217 | €17,892 | -€1,325 | -6.9% |
| Non-recurring operating income | 76A | €310 | €0 | -€310 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €484 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,661 | €56,668 | +€24,007 | +73.5% |
| Operating profit (loss) | 9901 | €31,790 | €55,186 | +€23,396 | +73.6% |
| Financial income | 75/76B | €172 | €314 | +€143 | +83.0% |
| Recurring financial income | 75 | €172 | €314 | +€143 | +83.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €19,361 | €18,118 | -€1,243 | -6.4% |
| Recurring financial charges | 65 | €19,361 | €18,118 | -€1,243 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €12,601 | €37,382 | +€24,781 | +196.7% |
| Income taxes | 67/77 | €2,940 | €8,234 | +€5,294 | +180.1% |
| Profit (loss) for the period | 9904 | €9,660 | €29,148 | +€19,487 | +201.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,660 | €29,148 | +€19,487 | +201.7% |
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 6 October 2026 via checked.be.