PERSONAL: 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.
PERSONAL
Largest movements
- Receivables within one year +€88,367
up €88,367 (+128.1%), from €68,990 to €157,357
of which Other amounts receivable: +€57,991
- Tangible fixed assets -€31,364
down €31,364 (-16.9%), from €185,586 to €154,222
of which Leasing and similar rights: -€17,396
- Cash -€23,113
down €23,113 (-83.5%), from €27,681 to €4,568
mainly Receivables within one year (-€88,367) and Net result for the year (-€58,815)
- Deferred charges and accrued income -€14,055
down €14,055 (-50.1%), from €28,065 to €14,010
- Trade debts +€104,604
up €104,604 (+174.1%), from €60,073 to €164,677
- Profit (loss) carried forward -€58,815
new in 2025: -€58,815
- Debts after one year -€42,637
down €42,637 (-26.4%), from €161,713 to €119,076
- Current portion of long-term debt +€23,368
up €23,368 (+59.0%), from €39,639 to €63,007
- Other debts -€21,113
down €21,113 (-98.0%), from €21,553 to €440
- Gross operating margin -€88,576
down €88,576 (-94.6%), from €93,595 to €5,018
- Depreciation -€2,023
down €2,023 (-5.6%), from €36,258 to €34,235
- Financial income +€1,113
up €1,113 (+104019.6%), from €1 to €1,114
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 | €310,322 | €330,157 | +€19,835 | +6.4% |
| Fixed assets | 21/28 | €185,586 | €154,222 | -€31,364 | -16.9% |
| Tangible fixed assets | 22/27 | €185,586 | €154,222 | -€31,364 | -16.9% |
| Plant, machinery and equipment | 23 | €17,881 | €13,398 | -€4,483 | -25.1% |
| Furniture and vehicles | 24 | €5,822 | €4,296 | -€1,526 | -26.2% |
| Leasing and similar rights | 25 | €68,239 | €50,843 | -€17,396 | -25.5% |
| Other tangible fixed assets | 26 | €93,645 | €85,684 | -€7,960 | -8.5% |
| Current assets | 29/58 | €124,736 | €175,935 | +€51,199 | +41.0% |
| Amounts receivable within one year | 40/41 | €68,990 | €157,357 | +€88,367 | +128.1% |
| Trade receivables | 40 | €28,097 | €58,472 | +€30,375 | +108.1% |
| Other amounts receivable | 41 | €40,893 | €98,885 | +€57,991 | +141.8% |
| Cash at bank and in hand | 54/58 | €27,681 | €4,568 | -€23,113 | -83.5% |
| Deferred charges and accrued income | 490/1 | €28,065 | €14,010 | -€14,055 | -50.1% |
| Total equity and liabilities | 10/49 | €310,322 | €330,157 | +€19,835 | +6.4% |
| Equity | 10/15 | €8,375 | -€50,439 | -€58,815 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,375 | €6,375 | = | 0.0% |
| Distributable reserves | 133 | €6,375 | €6,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€58,815 | -€58,815 | |
| Amounts payable | 17/49 | €301,947 | €380,596 | +€78,649 | +26.0% |
| Amounts payable after more than one year | 17 | €161,713 | €119,076 | -€42,637 | -26.4% |
| Financial debts | 170/4 | €161,713 | €119,076 | -€42,637 | -26.4% |
| Amounts payable within one year | 42/48 | €133,704 | €247,149 | +€113,444 | +84.8% |
| Current portion of amounts payable after more than one year | 42 | €39,639 | €63,007 | +€23,368 | +59.0% |
| Financial debts | 43 | - | €118 | +€118 | |
| Credit institutions | 430/8 | - | €118 | +€118 | |
| Trade debts | 44 | €60,073 | €164,677 | +€104,604 | +174.1% |
| Suppliers | 440/4 | €60,073 | €164,677 | +€104,604 | +174.1% |
| Advances received on contracts in progress | 46 | €7,892 | €16,201 | +€8,309 | +105.3% |
| Taxes, remuneration and social security | 45 | €4,548 | €2,707 | -€1,841 | -40.5% |
| Taxes | 450/3 | €4,548 | €2,707 | -€1,841 | -40.5% |
| Other amounts payable | 47/48 | €21,553 | €440 | -€21,113 | -98.0% |
| Accrued charges and deferred income | 492/3 | €6,530 | €14,372 | +€7,842 | +120.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,258 | €34,235 | -€2,023 | -5.6% |
| Other operating charges | 640/8 | €15,588 | €16,299 | +€711 | +4.6% |
| Gross operating margin | 9900 | €93,595 | €5,018 | -€88,576 | -94.6% |
| Operating profit (loss) | 9901 | €41,749 | -€45,516 | -€87,264 | |
| Financial income | 75/76B | €1 | €1,114 | +€1,113 | +104019.6% |
| Recurring financial income | 75 | €1 | €1,114 | +€1,113 | +104019.6% |
| Financial charges | 65/66B | €14,512 | €14,413 | -€99 | -0.7% |
| Recurring financial charges | 65 | €14,512 | €14,413 | -€99 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €27,238 | -€58,815 | -€86,053 | |
| Profit (loss) for the period | 9904 | €27,238 | -€58,815 | -€86,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,238 | -€58,815 | -€86,053 |
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.