PLACE 31: 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.
PLACE 31
Largest movements
- Tangible fixed assets -€10,086
down €10,086 (-26.1%), from €38,665 to €28,579
of which Plant, machinery and equipment: -€6,165
- Cash -€7,022
down €7,022 (-23.1%), from €30,386 to €23,365
mainly Current portion of long-term debt (-€22,280) and Debts after one year (-€10,548)
- Intangible fixed assets -€4,000
down €4,000 (-17.5%), from €22,858 to €18,858
- Deferred charges and accrued income +€2,745
up €2,745 (+156.9%), from €1,750 to €4,495
- Stocks and contracts -€1,913
down €1,913 (-16.1%), from €11,902 to €9,989
- Current portion of long-term debt -€22,280
down €22,280 (-65.8%), from €33,837 to €11,557
- Debts after one year -€10,548
no longer reported in 2025 (was €10,548)
- Profit (loss) carried forward +€8,532
up €8,532 (+14.3%), from -€59,475 to -€50,943
- Trade debts +€7,022
up €7,022 (+34.9%), from €20,143 to €27,166
- Tax, wage and social debts -€3,463
down €3,463 (-8.2%), from €42,236 to €38,773
of which Remuneration and social security: -€11,197
- Staff costs -€14,088
down €14,088 (-6.9%), from €203,802 to €189,714
- Gross operating margin +€7,291
up €7,291 (+3.4%), from €215,559 to €222,849
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 | €114,555 | €92,817 | -€21,738 | -19.0% |
| Formation expenses | 20 | €200 | €0 | -€200 | -100.0% |
| Fixed assets | 21/28 | €61,523 | €47,656 | -€13,867 | -22.5% |
| Intangible fixed assets | 21 | €22,858 | €18,858 | -€4,000 | -17.5% |
| Tangible fixed assets | 22/27 | €38,665 | €28,579 | -€10,086 | -26.1% |
| Land and buildings | 22 | €24,605 | €20,684 | -€3,921 | -15.9% |
| Plant, machinery and equipment | 23 | €14,060 | €7,895 | -€6,165 | -43.8% |
| Financial fixed assets | 28 | - | €219 | +€219 | |
| Current assets | 29/58 | €52,832 | €45,161 | -€7,671 | -14.5% |
| Stocks and contracts in progress | 3 | €11,902 | €9,989 | -€1,913 | -16.1% |
| Stocks | 30/36 | €11,902 | €9,989 | -€1,913 | -16.1% |
| Amounts receivable within one year | 40/41 | €8,794 | €7,312 | -€1,482 | -16.9% |
| Trade receivables | 40 | €5,784 | €3,565 | -€2,219 | -38.4% |
| Other amounts receivable | 41 | €3,010 | €3,747 | +€737 | +24.5% |
| Cash at bank and in hand | 54/58 | €30,386 | €23,365 | -€7,022 | -23.1% |
| Deferred charges and accrued income | 490/1 | €1,750 | €4,495 | +€2,745 | +156.9% |
| Total equity and liabilities | 10/49 | €114,555 | €92,817 | -€21,738 | -19.0% |
| Equity | 10/15 | -€49,475 | -€40,943 | +€8,532 | +17.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,475 | -€50,943 | +€8,532 | +14.3% |
| Amounts payable | 17/49 | €164,030 | €133,761 | -€30,269 | -18.5% |
| Amounts payable after more than one year | 17 | €10,548 | - | -€10,548 | |
| Financial debts | 170/4 | €10,548 | - | -€10,548 | |
| Amounts payable within one year | 42/48 | €151,231 | €132,511 | -€18,721 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €33,837 | €11,557 | -€22,280 | -65.8% |
| Trade debts | 44 | €20,143 | €27,166 | +€7,022 | +34.9% |
| Suppliers | 440/4 | €20,143 | €27,166 | +€7,022 | +34.9% |
| Taxes, remuneration and social security | 45 | €42,236 | €38,773 | -€3,463 | -8.2% |
| Taxes | 450/3 | €18,307 | €26,041 | +€7,734 | +42.2% |
| Remuneration and social security | 454/9 | €23,928 | €12,731 | -€11,197 | -46.8% |
| Other amounts payable | 47/48 | €55,015 | €55,015 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,250 | €1,250 | -€1,000 | -44.4% |
| Remuneration, social security and pensions | 62 | €203,802 | €189,714 | -€14,088 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,543 | €14,286 | -€257 | -1.8% |
| Other operating charges | 640/8 | €4,199 | €5,299 | +€1,100 | +26.2% |
| Gross operating margin | 9900 | €215,559 | €222,849 | +€7,291 | +3.4% |
| Operating profit (loss) | 9901 | -€6,986 | €13,551 | +€20,536 | |
| Financial income | 75/76B | €176 | €2,198 | +€2,022 | +1146.0% |
| Recurring financial income | 75 | €176 | €49 | -€127 | -72.2% |
| Non-recurring financial income | 76B | - | €2,149 | +€2,149 | |
| Financial charges | 65/66B | €9,241 | €7,217 | -€2,024 | -21.9% |
| Recurring financial charges | 65 | €7,006 | €5,888 | -€1,118 | -16.0% |
| Non-recurring financial charges | 66B | €2,236 | €1,329 | -€907 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,051 | €8,532 | +€24,582 | |
| Profit (loss) for the period | 9904 | -€16,051 | €8,532 | +€24,582 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,051 | €8,532 | +€24,582 |
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 3 October 2026 via checked.be.