PARENTHESIS: 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.
PARENTHESIS
Largest movements
- Receivables within one year -€15,536
down €15,536 (-24.6%), from €63,087 to €47,551
of which Trade receivables: -€43,855
- Cash +€7,830
up €7,830 (+25.3%), from €31,009 to €38,840
mainly Accrued charges and deferred income (+€28,800) and Receivables within one year (+€15,536)
- Tangible fixed assets +€2,943
up €2,943 (+45.9%), from €6,406 to €9,349
of which Plant, machinery and equipment: +€3,197
- Trade debts -€31,288
down €31,288 (-87.5%), from €35,739 to €4,451
- Accrued charges and deferred income +€28,800
new in 2025: €28,800
- Reserves +€10,834
up €10,834 (+10.9%), from €99,316 to €110,150
- Tax, wage and social debts -€7,504
down €7,504 (-62.4%), from €12,017 to €4,513
- Advances received -€3,575
no longer reported in 2025 (was €3,575)
- Gross operating margin +€16,052
up €16,052 (+129.0%), from €12,443 to €28,495
- Financial charges +€5,661
up €5,661 (+3613.5%), from €157 to €5,817
of which Non-recurring financial charges: +€5,662
- Depreciation +€1,540
up €1,540 (+46.6%), from €3,303 to €4,842
- Taxes -€1,347
down €1,347 (-16.1%), from €8,384 to €7,037
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 | €159,365 | €155,514 | -€3,851 | -2.4% |
| Fixed assets | 21/28 | €6,431 | €9,374 | +€2,943 | +45.8% |
| Tangible fixed assets | 22/27 | €6,406 | €9,349 | +€2,943 | +45.9% |
| Plant, machinery and equipment | 23 | €5,983 | €9,180 | +€3,197 | +53.4% |
| Furniture and vehicles | 24 | €422 | €169 | -€253 | -60.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €152,934 | €146,140 | -€6,794 | -4.4% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,087 | €47,551 | -€15,536 | -24.6% |
| Trade receivables | 40 | €56,288 | €12,433 | -€43,855 | -77.9% |
| Other amounts receivable | 41 | €6,799 | €35,118 | +€28,319 | +416.5% |
| Cash at bank and in hand | 54/58 | €31,009 | €38,840 | +€7,830 | +25.3% |
| Deferred charges and accrued income | 490/1 | €3,838 | €4,749 | +€912 | +23.8% |
| Total equity and liabilities | 10/49 | €159,365 | €155,514 | -€3,851 | -2.4% |
| Equity | 10/15 | €106,916 | €117,750 | +€10,834 | +10.1% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €99,316 | €110,150 | +€10,834 | +10.9% |
| Distributable reserves | 133 | €99,316 | €110,150 | +€10,834 | +10.9% |
| Amounts payable | 17/49 | €52,449 | €37,764 | -€14,685 | -28.0% |
| Amounts payable within one year | 42/48 | €52,449 | €8,964 | -€43,485 | -82.9% |
| Trade debts | 44 | €35,739 | €4,451 | -€31,288 | -87.5% |
| Suppliers | 440/4 | €35,739 | €4,451 | -€31,288 | -87.5% |
| Advances received on contracts in progress | 46 | €3,575 | - | -€3,575 | |
| Taxes, remuneration and social security | 45 | €12,017 | €4,513 | -€7,504 | -62.4% |
| Taxes | 450/3 | €12,017 | €4,513 | -€7,504 | -62.4% |
| Other amounts payable | 47/48 | €1,118 | - | -€1,118 | |
| Accrued charges and deferred income | 492/3 | - | €28,800 | +€28,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,303 | €4,842 | +€1,540 | +46.6% |
| Other operating charges | 640/8 | €975 | €1,073 | +€98 | +10.1% |
| Gross operating margin | 9900 | €12,443 | €28,495 | +€16,052 | +129.0% |
| Operating profit (loss) | 9901 | €8,165 | €22,580 | +€14,415 | +176.5% |
| Financial income | 75/76B | €1,125 | €1,108 | -€16 | -1.4% |
| Recurring financial income | 75 | €1,125 | €1,108 | -€16 | -1.4% |
| Financial charges | 65/66B | €157 | €5,817 | +€5,661 | +3613.5% |
| Recurring financial charges | 65 | €157 | €155 | -€2 | -1.1% |
| Non-recurring financial charges | 66B | - | €5,662 | +€5,662 | |
| Profit (loss) for the period before taxes | 9903 | €9,133 | €17,871 | +€8,738 | +95.7% |
| Income taxes | 67/77 | €8,384 | €7,037 | -€1,347 | -16.1% |
| Profit (loss) for the period | 9904 | €749 | €10,834 | +€10,085 | +1346.1% |
| Profit (loss) for the period to be appropriated | 9905 | €749 | €10,834 | +€10,085 | +1346.1% |
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 2 October 2026 via checked.be.