PRINT UP: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
PRINT UP
Largest movements
- Current investments +€23,671
up €23,671 (+53.2%), from €44,471 to €68,142
- Cash +€14,236
up €14,236 (+415%), from €3,430 to €17,666
mainly Net result for the year (+€71,859) and Depreciation (+€6,716)
- Receivables within one year +€5,719
up €5,719 (+3.7%), from €154,345 to €160,064
of which Other amounts receivable: +€3,878
- Tangible fixed assets -€5,518
down €5,518 (-46.3%), from €11,917 to €6,399
of which Plant, machinery and equipment: -€3,666
- Deferred charges and accrued income -€3,061
down €3,061 (-24.2%), from €12,644 to €9,583
- Profit (loss) carried forward +€71,859
up €71,859 (+252%), from €28,462 to €100,321
- Other debts -€30,025
down €30,025 (-100%), from €30,025 to €0
- Trade debts -€11,183
down €11,183 (-30.1%), from €37,162 to €25,979
- Tax, wage and social debts +€4,394
up €4,394 (+27.0%), from €16,249 to €20,643
of which Taxes: +€10,612
- Gross operating margin +€15,976
up €15,976 (+11.1%), from €144,271 to €160,247
- Staff costs +€11,801
up €11,801 (+20.5%), from €57,469 to €69,270
- Taxes -€3,217
down €3,217 (-19.8%), from €16,230 to €13,013
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,932 | €261,978 | +€35,046 | +15.4% |
| Fixed assets | 21/28 | €12,042 | €6,524 | -€5,518 | -45.8% |
| Tangible fixed assets | 22/27 | €11,917 | €6,399 | -€5,518 | -46.3% |
| Plant, machinery and equipment | 23 | €6,238 | €2,572 | -€3,666 | -58.8% |
| Furniture and vehicles | 24 | €5,679 | €3,827 | -€1,852 | -32.6% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €214,890 | €255,454 | +€40,564 | +18.9% |
| Amounts receivable within one year | 40/41 | €154,345 | €160,064 | +€5,719 | +3.7% |
| Trade receivables | 40 | €135,981 | €137,822 | +€1,841 | +1.4% |
| Other amounts receivable | 41 | €18,364 | €22,242 | +€3,878 | +21.1% |
| Current investments | 50/53 | €44,471 | €68,142 | +€23,671 | +53.2% |
| Cash at bank and in hand | 54/58 | €3,430 | €17,666 | +€14,236 | +415% |
| Deferred charges and accrued income | 490/1 | €12,644 | €9,583 | -€3,061 | -24.2% |
| Total equity and liabilities | 10/49 | €226,932 | €261,978 | +€35,046 | +15.4% |
| Equity | 10/15 | €143,496 | €215,355 | +€71,859 | +50.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,434 | €96,434 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €94,574 | €96,434 | +€1,860 | +2.0% |
| Profit (loss) carried forward | 14 | €28,462 | €100,321 | +€71,859 | +252% |
| Amounts payable | 17/49 | €83,436 | €46,623 | -€36,813 | -44.1% |
| Amounts payable within one year | 42/48 | €83,436 | €46,623 | -€36,813 | -44.1% |
| Trade debts | 44 | €37,162 | €25,979 | -€11,183 | -30.1% |
| Suppliers | 440/4 | €37,162 | €25,979 | -€11,183 | -30.1% |
| Taxes, remuneration and social security | 45 | €16,249 | €20,643 | +€4,394 | +27.0% |
| Taxes | 450/3 | €3,505 | €14,117 | +€10,612 | +303% |
| Remuneration and social security | 454/9 | €12,744 | €6,527 | -€6,217 | -48.8% |
| Other amounts payable | 47/48 | €30,025 | €0 | -€30,025 | -100% |
| Remuneration, social security and pensions | 62 | €57,469 | €69,270 | +€11,801 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,087 | €6,716 | -€1,371 | -17.0% |
| Other operating charges | 640/8 | €2,017 | €1,289 | -€728 | -36.1% |
| Gross operating margin | 9900 | €144,271 | €160,247 | +€15,976 | +11.1% |
| Operating profit (loss) | 9901 | €76,698 | €82,971 | +€6,273 | +8.2% |
| Financial income | 75/76B | €762 | €2,345 | +€1,583 | +208% |
| Recurring financial income | 75 | €762 | €2,345 | +€1,583 | +208% |
| Financial charges | 65/66B | €758 | €444 | -€314 | -41.5% |
| Recurring financial charges | 65 | €758 | €444 | -€314 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €76,702 | €84,872 | +€8,170 | +10.7% |
| Income taxes | 67/77 | €16,230 | €13,013 | -€3,217 | -19.8% |
| Profit (loss) for the period | 9904 | €60,472 | €71,859 | +€11,387 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,472 | €71,859 | +€11,387 | +18.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.