Positin: 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.
Positin
Largest movements
- Intangible fixed assets -€122,879
no longer reported in 2025 (was €122,879)
- Receivables within one year +€117,924
up €117,924 (+162.8%), from €72,418 to €190,342
of which Trade receivables: +€155,816
- Tangible fixed assets -€50,643
down €50,643 (-34.5%), from €146,958 to €96,315
of which Furniture and vehicles: -€27,356
- Cash +€50,238
up €50,238 (+73.3%), from €68,556 to €118,794
mainly Net result for the year (+€206,505) and Other debts (+€201,550)
- Other debts +€201,550
up €201,550 (+269.5%), from €74,786 to €276,336
- Profit (loss) carried forward -€115,174
down €115,174 (-94.7%), from €121,679 to €6,505
- Current portion of long-term debt -€75,653
down €75,653 (-65.0%), from €116,324 to €40,670
- Debts after one year -€31,056
down €31,056 (-56.4%), from €55,020 to €23,964
- Tax, wage and social debts +€16,790
up €16,790 (+40.0%), from €41,945 to €58,735
- Depreciation -€120,500
down €120,500 (-68.0%), from €177,093 to €56,593
- Other operating charges +€30,474
up €30,474 (+1814.4%), from €1,680 to €32,154
- Taxes +€18,304
up €18,304 (+40.4%), from €45,299 to €63,603
- Gross operating margin -€17,567
down €17,567 (-4.6%), from €380,914 to €363,348
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 | €413,030 | €407,953 | -€5,078 | -1.2% |
| Fixed assets | 21/28 | €269,837 | €96,315 | -€173,522 | -64.3% |
| Intangible fixed assets | 21 | €122,879 | - | -€122,879 | |
| Tangible fixed assets | 22/27 | €146,958 | €96,315 | -€50,643 | -34.5% |
| Land and buildings | 22 | €1,208 | €86 | -€1,121 | -92.9% |
| Plant, machinery and equipment | 23 | €67,735 | €45,570 | -€22,165 | -32.7% |
| Furniture and vehicles | 24 | €78,015 | €50,659 | -€27,356 | -35.1% |
| Current assets | 29/58 | €143,194 | €311,638 | +€168,445 | +117.6% |
| Amounts receivable within one year | 40/41 | €72,418 | €190,342 | +€117,924 | +162.8% |
| Trade receivables | 40 | - | €155,816 | +€155,816 | |
| Other amounts receivable | 41 | €72,418 | €34,526 | -€37,892 | -52.3% |
| Cash at bank and in hand | 54/58 | €68,556 | €118,794 | +€50,238 | +73.3% |
| Deferred charges and accrued income | 490/1 | €2,220 | €2,502 | +€282 | +12.7% |
| Total equity and liabilities | 10/49 | €413,030 | €407,953 | -€5,078 | -1.2% |
| Equity | 10/15 | €122,679 | €7,505 | -€115,174 | -93.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,679 | €6,505 | -€115,174 | -94.7% |
| Amounts payable | 17/49 | €290,351 | €400,447 | +€110,096 | +37.9% |
| Amounts payable after more than one year | 17 | €55,020 | €23,964 | -€31,056 | -56.4% |
| Financial debts | 170/4 | €55,020 | €23,964 | -€31,056 | -56.4% |
| Amounts payable within one year | 42/48 | €235,331 | €376,484 | +€141,153 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €116,324 | €40,670 | -€75,653 | -65.0% |
| Trade debts | 44 | €2,277 | €743 | -€1,534 | -67.4% |
| Suppliers | 440/4 | €2,277 | €743 | -€1,534 | -67.4% |
| Taxes, remuneration and social security | 45 | €41,945 | €58,735 | +€16,790 | +40.0% |
| Taxes | 450/3 | €41,945 | €58,735 | +€16,790 | +40.0% |
| Other amounts payable | 47/48 | €74,786 | €276,336 | +€201,550 | +269.5% |
| Non-recurring operating income | 76A | €7,036 | €296,154 | +€289,118 | +4109.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,093 | €56,593 | -€120,500 | -68.0% |
| Other operating charges | 640/8 | €1,680 | €32,154 | +€30,474 | +1814.4% |
| Gross operating margin | 9900 | €380,914 | €363,348 | -€17,567 | -4.6% |
| Operating profit (loss) | 9901 | €202,142 | €274,601 | +€72,459 | +35.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €6,876 | €4,493 | -€2,383 | -34.7% |
| Recurring financial charges | 65 | €6,876 | €4,493 | -€2,383 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €195,266 | €270,108 | +€74,842 | +38.3% |
| Income taxes | 67/77 | €45,299 | €63,603 | +€18,304 | +40.4% |
| Profit (loss) for the period | 9904 | €149,967 | €206,505 | +€56,539 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €149,967 | €206,505 | +€56,539 | +37.7% |
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 6 October 2026 via checked.be.