PERFORMENGINE: 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.
PERFORMENGINE
Largest movements
- Cash +€13,836
up €13,836 (+184.6%), from €7,494 to €21,330
mainly Depreciation (+€18,371) and Trade debts (+€15,451)
- Stocks and contracts +€10,170
up €10,170 (+128.8%), from €7,898 to €18,068
- Receivables within one year +€6,991
up €6,991 (+30.8%), from €22,726 to €29,717
of which Other amounts receivable: +€3,974
- Intangible fixed assets -€4,145
down €4,145 (-48.5%), from €8,542 to €4,397
- Tangible fixed assets -€3,533
down €3,533 (-4.4%), from €80,864 to €77,331
of which Plant, machinery and equipment: -€10,009
- Trade debts +€15,451
up €15,451 (+74.2%), from €20,812 to €36,263
- Reserves +€12,648
up €12,648 (+30.2%), from €41,939 to €54,587
- Debts after one year -€9,905
down €9,905 (-30.3%), from €32,721 to €22,816
- Current portion of long-term debt +€9,506
up €9,506 (+67.5%), from €14,074 to €23,580
- Staff costs +€19,790
up €19,790 (+331.2%), from €5,975 to €25,765
- Taxes -€7,996
down €7,996 (-58.4%), from €13,692 to €5,696
- Gross operating margin -€3,758
down €3,758 (-5.0%), from €75,271 to €71,513
- Other operating charges -€2,878
down €2,878 (-56.5%), from €5,092 to €2,214
- Financial charges -€1,333
down €1,333 (-14.4%), from €9,235 to €7,902
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 | €133,822 | €159,406 | +€25,584 | +19.1% |
| Fixed assets | 21/28 | €94,125 | €86,447 | -€7,678 | -8.2% |
| Intangible fixed assets | 21 | €8,542 | €4,397 | -€4,145 | -48.5% |
| Tangible fixed assets | 22/27 | €80,864 | €77,331 | -€3,533 | -4.4% |
| Plant, machinery and equipment | 23 | €79,021 | €69,012 | -€10,009 | -12.7% |
| Furniture and vehicles | 24 | €1,843 | €1,638 | -€205 | -11.1% |
| Other tangible fixed assets | 26 | - | €6,681 | +€6,681 | |
| Financial fixed assets | 28 | €4,719 | €4,719 | = | 0.0% |
| Current assets | 29/58 | €39,697 | €72,959 | +€33,262 | +83.8% |
| Stocks and contracts in progress | 3 | €7,898 | €18,068 | +€10,170 | +128.8% |
| Stocks | 30/36 | €7,898 | €18,068 | +€10,170 | +128.8% |
| Amounts receivable within one year | 40/41 | €22,726 | €29,717 | +€6,991 | +30.8% |
| Trade receivables | 40 | €20,580 | €23,597 | +€3,017 | +14.7% |
| Other amounts receivable | 41 | €2,146 | €6,120 | +€3,974 | +185.2% |
| Cash at bank and in hand | 54/58 | €7,494 | €21,330 | +€13,836 | +184.6% |
| Deferred charges and accrued income | 490/1 | €1,579 | €3,844 | +€2,265 | +143.4% |
| Total equity and liabilities | 10/49 | €133,822 | €159,406 | +€25,584 | +19.1% |
| Equity | 10/15 | €49,024 | €60,787 | +€11,763 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,939 | €54,587 | +€12,648 | +30.2% |
| Distributable reserves | 133 | €41,939 | €54,587 | +€12,648 | +30.2% |
| Profit (loss) carried forward | 14 | €885 | - | -€885 | |
| Amounts payable | 17/49 | €84,798 | €98,619 | +€13,821 | +16.3% |
| Amounts payable after more than one year | 17 | €32,721 | €22,816 | -€9,905 | -30.3% |
| Financial debts | 170/4 | €32,721 | €22,816 | -€9,905 | -30.3% |
| Amounts payable within one year | 42/48 | €52,076 | €75,802 | +€23,726 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €14,074 | €23,580 | +€9,506 | +67.5% |
| Trade debts | 44 | €20,812 | €36,263 | +€15,451 | +74.2% |
| Suppliers | 440/4 | €20,812 | €36,263 | +€15,451 | +74.2% |
| Taxes, remuneration and social security | 45 | €17,190 | €15,959 | -€1,231 | -7.2% |
| Taxes | 450/3 | €16,517 | €12,073 | -€4,444 | -26.9% |
| Remuneration and social security | 454/9 | €673 | €3,886 | +€3,213 | +477.4% |
| Accrued charges and deferred income | 492/3 | €1 | €1 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €5,975 | €25,765 | +€19,790 | +331.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,389 | €18,371 | -€18 | -0.1% |
| Other operating charges | 640/8 | €5,092 | €2,214 | -€2,878 | -56.5% |
| Gross operating margin | 9900 | €75,271 | €71,513 | -€3,758 | -5.0% |
| Operating profit (loss) | 9901 | €45,815 | €25,163 | -€20,652 | -45.1% |
| Financial income | 75/76B | €51 | €198 | +€147 | +288.2% |
| Recurring financial income | 75 | €51 | €198 | +€147 | +288.2% |
| Financial charges | 65/66B | €9,235 | €7,902 | -€1,333 | -14.4% |
| Recurring financial charges | 65 | €9,235 | €7,902 | -€1,333 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €36,631 | €17,459 | -€19,172 | -52.3% |
| Income taxes | 67/77 | €13,692 | €5,696 | -€7,996 | -58.4% |
| Profit (loss) for the period | 9904 | €22,939 | €11,763 | -€11,176 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,939 | €11,763 | -€11,176 | -48.7% |
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 11 October 2026 via checked.be.