PRO - FIX: 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.
PRO - FIX
Largest movements
- Cash +€148,084
up €148,084 (+224.7%), from €65,907 to €213,991
mainly Trade debts (+€134,653) and Current portion of long-term debt (+€79,491)
- Receivables within one year +€44,653
up €44,653 (+14.0%), from €319,592 to €364,244
of which Other amounts receivable: +€78,584
- Stocks and contracts +€35,657
up €35,657 (+14.6%), from €243,763 to €279,420
- Tangible fixed assets -€26,811
down €26,811 (-12.3%), from €218,414 to €191,603
of which Land and buildings: -€15,438
- Deferred charges and accrued income +€20,412
up €20,412 (+973.2%), from €2,097 to €22,510
- Trade debts +€134,653
up €134,653 (+135.2%), from €99,596 to €234,249
- Current portion of long-term debt +€79,491
up €79,491 (+83.6%), from €95,039 to €174,529
- Debts after one year -€73,513
down €73,513 (-31.1%), from €236,750 to €163,237
- Short-term financial debts +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Tax, wage and social debts +€17,268
up €17,268 (+42.0%), from €41,098 to €58,365
of which Taxes: +€9,098
- Staff costs +€23,239
up €23,239 (+9.8%), from €237,454 to €260,694
- Gross operating margin -€10,398
down €10,398 (-2.9%), from €364,769 to €354,372
- Taxes -€9,830
down €9,830 (-58.8%), from €16,717 to €6,887
- Write-downs +€8,915
new in 2025: €8,915
- Financial charges -€3,716
down €3,716 (-12.0%), from €30,926 to €27,210
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 | €859,171 | €1,071,800 | +€212,629 | +24.7% |
| Fixed assets | 21/28 | €227,812 | €191,635 | -€36,177 | -15.9% |
| Tangible fixed assets | 22/27 | €218,414 | €191,603 | -€26,811 | -12.3% |
| Land and buildings | 22 | €170,629 | €155,191 | -€15,438 | -9.0% |
| Plant, machinery and equipment | 23 | €9,641 | €11,997 | +€2,356 | +24.4% |
| Leasing and similar rights | 25 | €10,384 | €6,646 | -€3,738 | -36.0% |
| Other tangible fixed assets | 26 | €27,761 | €17,769 | -€9,992 | -36.0% |
| Financial fixed assets | 28 | €9,398 | €32 | -€9,366 | -99.7% |
| Current assets | 29/58 | €631,359 | €880,165 | +€248,806 | +39.4% |
| Stocks and contracts in progress | 3 | €243,763 | €279,420 | +€35,657 | +14.6% |
| Stocks | 30/36 | €243,763 | €279,420 | +€35,657 | +14.6% |
| Amounts receivable within one year | 40/41 | €319,592 | €364,244 | +€44,653 | +14.0% |
| Trade receivables | 40 | €319,351 | €285,420 | -€33,932 | -10.6% |
| Other amounts receivable | 41 | €240 | €78,824 | +€78,584 | +32739.4% |
| Cash at bank and in hand | 54/58 | €65,907 | €213,991 | +€148,084 | +224.7% |
| Deferred charges and accrued income | 490/1 | €2,097 | €22,510 | +€20,412 | +973.2% |
| Total equity and liabilities | 10/49 | €859,171 | €1,071,800 | +€212,629 | +24.7% |
| Equity | 10/15 | €230,574 | €241,419 | +€10,846 | +4.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,074 | €158,919 | +€10,846 | +7.3% |
| Amounts payable | 17/49 | €628,597 | €830,380 | +€201,783 | +32.1% |
| Amounts payable after more than one year | 17 | €236,750 | €163,237 | -€73,513 | -31.1% |
| Financial debts | 170/4 | €236,750 | €163,237 | -€73,513 | -31.1% |
| Amounts payable within one year | 42/48 | €387,332 | €667,144 | +€279,811 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €95,039 | €174,529 | +€79,491 | +83.6% |
| Financial debts | 43 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Credit institutions | 430/8 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Trade debts | 44 | €99,596 | €234,249 | +€134,653 | +135.2% |
| Suppliers | 440/4 | €99,596 | €234,249 | +€134,653 | +135.2% |
| Taxes, remuneration and social security | 45 | €41,098 | €58,365 | +€17,268 | +42.0% |
| Taxes | 450/3 | €12,166 | €21,264 | +€9,098 | +74.8% |
| Remuneration and social security | 454/9 | €28,931 | €37,101 | +€8,170 | +28.2% |
| Other amounts payable | 47/48 | €1,600 | - | -€1,600 | |
| Accrued charges and deferred income | 492/3 | €4,515 | - | -€4,515 | |
| Remuneration, social security and pensions | 62 | €237,454 | €260,694 | +€23,239 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,019 | €32,394 | +€375 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,915 | +€8,915 | |
| Other operating charges | 640/8 | €5,191 | €7,853 | +€2,662 | +51.3% |
| Gross operating margin | 9900 | €364,769 | €354,372 | -€10,398 | -2.9% |
| Operating profit (loss) | 9901 | €90,106 | €44,516 | -€45,589 | -50.6% |
| Financial income | 75/76B | €595 | €426 | -€169 | -28.4% |
| Recurring financial income | 75 | €595 | €426 | -€169 | -28.4% |
| Financial charges | 65/66B | €30,926 | €27,210 | -€3,716 | -12.0% |
| Recurring financial charges | 65 | €30,926 | €27,210 | -€3,716 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €59,775 | €17,733 | -€42,043 | -70.3% |
| Income taxes | 67/77 | €16,717 | €6,887 | -€9,830 | -58.8% |
| Profit (loss) for the period | 9904 | €43,058 | €10,846 | -€32,213 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,058 | €10,846 | -€32,213 | -74.8% |
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 4 October 2026 via checked.be.