POINTS PLUS PUNTEN: 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.
POINTS PLUS PUNTEN
Largest movements
- Receivables within one year +€3.9m
up €3.9m (+13.0%), from €30.2m to €34.1m
of which Trade receivables: +€2.4m
- Other debts +€2.4m
up €2.4m (+9.5%), from €24.9m to €27.2m
- Trade debts +€1.3m
up €1.3m (+41.4%), from €3.1m to €4.4m
- Tax, wage and social debts +€956,422
up €956,422 (+83.0%), from €1.2m to €2.1m
- Profit (loss) carried forward -€665,779
no longer reported in 2025 (was €665,779)
- Write-downs +€642,645
up €642,645 (+665.4%), from €96,576 to €739,221
- Gross operating margin +€604,366
up €604,366 (+9.0%), from €6.7m to €7.3m
- Financial income -€440,556
down €440,556 (-49.3%), from €892,842 to €452,286
- Taxes -€104,475
down €104,475 (-5.5%), from €1.9m to €1.8m
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,171,683 | €34,103,383 | +€3.9m | +13.0% |
| Current assets | 29/58 | €30,171,683 | €34,103,383 | +€3.9m | +13.0% |
| Amounts receivable within one year | 40/41 | €30,171,683 | €34,103,383 | +€3.9m | +13.0% |
| Trade receivables | 40 | €8,648,334 | €11,061,313 | +€2.4m | +27.9% |
| Other amounts receivable | 41 | €21,523,349 | €23,042,070 | +€1.5m | +7.1% |
| Total equity and liabilities | 10/49 | €30,171,683 | €34,103,383 | +€3.9m | +13.0% |
| Equity | 10/15 | €734,529 | €68,750 | -€665,779 | -90.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €665,779 | - | -€665,779 | |
| Provisions and deferred taxes | 16 | €334,545 | €334,545 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €334,545 | €334,545 | = | 0.0% |
| Other liabilities and charges | 164/5 | €334,545 | €334,545 | = | 0.0% |
| Amounts payable | 17/49 | €29,102,609 | €33,700,087 | +€4.6m | +15.8% |
| Amounts payable within one year | 42/48 | €29,102,609 | €33,700,087 | +€4.6m | +15.8% |
| Trade debts | 44 | €3,094,237 | €4,376,288 | +€1.3m | +41.4% |
| Suppliers | 440/4 | €3,094,237 | €4,376,288 | +€1.3m | +41.4% |
| Taxes, remuneration and social security | 45 | €1,152,412 | €2,108,833 | +€956,422 | +83.0% |
| Taxes | 450/3 | €1,152,412 | €2,108,833 | +€956,422 | +83.0% |
| Other amounts payable | 47/48 | €24,855,960 | €27,214,966 | +€2.4m | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €96,576 | €739,221 | +€642,645 | +665.4% |
| Other operating charges | 640/8 | €0 | €99 | +€99 | +986400.0% |
| Gross operating margin | 9900 | €6,730,938 | €7,335,304 | +€604,366 | +9.0% |
| Operating profit (loss) | 9901 | €6,634,362 | €6,595,984 | -€38,378 | -0.6% |
| Financial income | 75/76B | €892,842 | €452,286 | -€440,556 | -49.3% |
| Recurring financial income | 75 | €892,842 | €452,286 | -€440,556 | -49.3% |
| Financial charges | 65/66B | €157 | €260 | +€103 | +66.0% |
| Recurring financial charges | 65 | €157 | €260 | +€103 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €7,527,048 | €7,048,010 | -€479,038 | -6.4% |
| Income taxes | 67/77 | €1,901,630 | €1,797,156 | -€104,475 | -5.5% |
| Profit (loss) for the period | 9904 | €5,625,417 | €5,250,854 | -€374,563 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,625,417 | €5,250,854 | -€374,563 | -6.7% |
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 10 October 2026 via checked.be.