PANORAMA: 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.
PANORAMA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€7,930
up €7,930 (+4.9%), from €160,352 to €168,282
- Tax, wage and social debts -€7,882
down €7,882 (-29.7%), from €26,579 to €18,697
of which Taxes: -€6,668
- Trade debts +€7,358
up €7,358 (+120.5%), from €6,108 to €13,466
- Other debts -€4,457
down €4,457 (-100.0%), from €4,457 to €0
- Turnover +€27,574
up €27,574 (+16.3%), from €169,154 to €196,729
- Gross operating margin +€23,737
up €23,737 (+29.3%), from €80,979 to €104,716
- Staff costs +€7,627
up €7,627 (+7.6%), from €100,255 to €107,882
- Purchases and services +€3,838
up €3,838 (+4.4%), from €88,175 to €92,013
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 | €217,947 | €220,896 | +€2,949 | +1.4% |
| Fixed assets | 21/28 | €348 | €348 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €217,599 | €220,548 | +€2,949 | +1.4% |
| Amounts receivable within one year | 40/41 | €216,481 | €216,384 | -€97 | 0.0% |
| Trade receivables | 40 | €15,055 | €17,987 | +€2,932 | +19.5% |
| Other amounts receivable | 41 | €201,426 | €198,397 | -€3,029 | -1.5% |
| Cash at bank and in hand | 54/58 | €1,118 | €2,456 | +€1,338 | +119.7% |
| Deferred charges and accrued income | 490/1 | - | €1,707 | +€1,707 | |
| Total equity and liabilities | 10/49 | €217,947 | €220,896 | +€2,949 | +1.4% |
| Equity | 10/15 | €180,804 | €188,733 | +€7,930 | +4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,352 | €168,282 | +€7,930 | +4.9% |
| Amounts payable | 17/49 | €37,144 | €32,163 | -€4,981 | -13.4% |
| Amounts payable within one year | 42/48 | €37,144 | €32,163 | -€4,981 | -13.4% |
| Trade debts | 44 | €6,108 | €13,466 | +€7,358 | +120.5% |
| Suppliers | 440/4 | €6,108 | €13,466 | +€7,358 | +120.5% |
| Taxes, remuneration and social security | 45 | €26,579 | €18,697 | -€7,882 | -29.7% |
| Taxes | 450/3 | €10,366 | €3,698 | -€6,668 | -64.3% |
| Remuneration and social security | 454/9 | €16,213 | €14,999 | -€1,213 | -7.5% |
| Other amounts payable | 47/48 | €4,457 | €0 | -€4,457 | -100.0% |
| Turnover | 70 | €169,154 | €196,729 | +€27,574 | +16.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €88,175 | €92,013 | +€3,838 | +4.4% |
| Remuneration, social security and pensions | 62 | €100,255 | €107,882 | +€7,627 | +7.6% |
| Gross operating margin | 9900 | €80,979 | €104,716 | +€23,737 | +29.3% |
| Operating profit (loss) | 9901 | -€19,276 | -€3,166 | +€16,110 | +83.6% |
| Financial income | 75/76B | €11,850 | €11,096 | -€754 | -6.4% |
| Recurring financial income | 75 | €11,850 | €11,096 | -€754 | -6.4% |
| Financial charges | 65/66B | €104 | €0 | -€104 | -100.0% |
| Recurring financial charges | 65 | €104 | €0 | -€104 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,531 | €7,930 | +€15,460 | |
| Profit (loss) for the period | 9904 | -€7,531 | €7,930 | +€15,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,531 | €7,930 | +€15,460 |
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 29 September 2026 via checked.be.