PROCUREMENT & CHANGE MANAGEMENT: 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.
PROCUREMENT & CHANGE MANAGEMENT
Largest movements
- Cash +€66,249
up €66,249 (+49.5%), from €133,709 to €199,958
mainly Other debts (+€39,628) and Receivables within one year (+€38,771)
- Receivables within one year -€38,771
down €38,771 (-65.2%), from €59,484 to €20,712
of which Trade receivables: -€38,165
- Tangible fixed assets -€3,990
down €3,990 (-72.7%), from €5,490 to €1,500
of which Furniture and vehicles: -€3,688
- Stocks and contracts -€3,769
down €3,769 (-73.5%), from €5,126 to €1,358
- Other debts +€39,628
up €39,628 (+83.2%), from €47,655 to €87,283
- Profit (loss) carried forward -€27,137
down €27,137 (-19.9%), from €136,494 to €109,357
- Tax, wage and social debts +€8,131
up €8,131 (+70.9%), from €11,472 to €19,602
- Gross operating margin -€73,035
down €73,035 (-48.9%), from €149,390 to €76,355
- Financial charges +€52,784
up €52,784 (+129%), from €41,058 to €93,842
- Taxes -€21,837
down €21,837 (-98.0%), from €22,273 to €437
- Other operating charges +€4,155
up €4,155 (+389%), from €1,067 to €5,223
- Depreciation -€1,735
down €1,735 (-30.3%), from €5,726 to €3,990
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.
Derived cash bridge
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 | €218,059 | €237,646 | +€19,587 | +9.0% |
| Fixed assets | 21/28 | €5,490 | €1,500 | -€3,990 | -72.7% |
| Tangible fixed assets | 22/27 | €5,490 | €1,500 | -€3,990 | -72.7% |
| Plant, machinery and equipment | 23 | €640 | €337 | -€303 | -47.3% |
| Furniture and vehicles | 24 | €4,850 | €1,162 | -€3,688 | -76.0% |
| Current assets | 29/58 | €212,569 | €236,146 | +€23,577 | +11.1% |
| Stocks and contracts in progress | 3 | €5,126 | €1,358 | -€3,769 | -73.5% |
| Stocks | 30/36 | €5,126 | €1,358 | -€3,769 | -73.5% |
| Amounts receivable within one year | 40/41 | €59,484 | €20,712 | -€38,771 | -65.2% |
| Trade receivables | 40 | €58,877 | €20,712 | -€38,165 | -64.8% |
| Other amounts receivable | 41 | €607 | €0 | -€607 | -100% |
| Cash at bank and in hand | 54/58 | €133,709 | €199,958 | +€66,249 | +49.5% |
| Deferred charges and accrued income | 490/1 | €14,250 | €14,118 | -€132 | -0.9% |
| Total equity and liabilities | 10/49 | €218,059 | €237,646 | +€19,587 | +9.0% |
| Equity | 10/15 | €156,954 | €129,817 | -€27,137 | -17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,494 | €109,357 | -€27,137 | -19.9% |
| Amounts payable | 17/49 | €61,105 | €107,829 | +€46,723 | +76.5% |
| Amounts payable within one year | 42/48 | €61,031 | €107,829 | +€46,798 | +76.7% |
| Trade debts | 44 | €1,904 | €943 | -€961 | -50.5% |
| Suppliers | 440/4 | €1,904 | €943 | -€961 | -50.5% |
| Taxes, remuneration and social security | 45 | €11,472 | €19,602 | +€8,131 | +70.9% |
| Taxes | 450/3 | €11,472 | €19,602 | +€8,131 | +70.9% |
| Other amounts payable | 47/48 | €47,655 | €87,283 | +€39,628 | +83.2% |
| Accrued charges and deferred income | 492/3 | €75 | €0 | -€75 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,726 | €3,990 | -€1,735 | -30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €559 | €0 | -€559 | -100% |
| Other operating charges | 640/8 | €1,067 | €5,223 | +€4,155 | +389% |
| Gross operating margin | 9900 | €149,390 | €76,355 | -€73,035 | -48.9% |
| Operating profit (loss) | 9901 | €142,038 | €67,142 | -€74,895 | -52.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €41,058 | €93,842 | +€52,784 | +129% |
| Recurring financial charges | 65 | €41,058 | €93,842 | +€52,784 | +129% |
| Profit (loss) for the period before taxes | 9903 | €100,979 | -€26,700 | -€127,679 | |
| Income taxes | 67/77 | €22,273 | €437 | -€21,837 | -98.0% |
| Profit (loss) for the period | 9904 | €78,706 | -€27,137 | -€105,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,706 | -€27,137 | -€105,843 |
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 14 October 2026 via checked.be.