Procurement & Supply Chain in Motion: 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 & Supply Chain in Motion
Largest movements
- Current investments +€98,450
up €98,450 (+44.2%), from €222,857 to €321,307
- Receivables within one year -€46,721
down €46,721 (-72.6%), from €64,329 to €17,609
of which Trade receivables: -€49,123
- Tangible fixed assets -€25,325
down €25,325 (-10.2%), from €249,444 to €224,119
of which Land and buildings: -€13,543
- Reserves +€57,027
up €57,027 (+20.0%), from €284,822 to €341,848
of which Distributable reserves: +€57,027
- Debts after one year -€15,320
down €15,320 (-10.1%), from €151,509 to €136,189
- Tax, wage and social debts -€11,866
down €11,866 (-27.0%), from €44,004 to €32,138
of which Taxes: -€11,866
- Gross operating margin -€46,274
down €46,274 (-29.2%), from €158,483 to €112,209
- Taxes -€13,881
down €13,881 (-37.8%), from €36,728 to €22,847
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 | €541,075 | €569,250 | +€28,175 | +5.2% |
| Fixed assets | 21/28 | €249,444 | €224,119 | -€25,325 | -10.2% |
| Tangible fixed assets | 22/27 | €249,444 | €224,119 | -€25,325 | -10.2% |
| Land and buildings | 22 | €201,041 | €187,499 | -€13,543 | -6.7% |
| Plant, machinery and equipment | 23 | €840 | €345 | -€494 | -58.9% |
| Furniture and vehicles | 24 | €47,563 | €36,275 | -€11,288 | -23.7% |
| Current assets | 29/58 | €291,631 | €345,131 | +€53,500 | +18.3% |
| Amounts receivable within one year | 40/41 | €64,329 | €17,609 | -€46,721 | -72.6% |
| Trade receivables | 40 | €64,309 | €15,186 | -€49,123 | -76.4% |
| Other amounts receivable | 41 | €20 | €2,422 | +€2,402 | +12,097% |
| Current investments | 50/53 | €222,857 | €321,307 | +€98,450 | +44.2% |
| Cash at bank and in hand | 54/58 | €4,011 | €5,777 | +€1,766 | +44.0% |
| Deferred charges and accrued income | 490/1 | €434 | €438 | +€4 | +0.9% |
| Total equity and liabilities | 10/49 | €541,075 | €569,250 | +€28,175 | +5.2% |
| Equity | 10/15 | €291,022 | €348,048 | +€57,027 | +19.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €284,822 | €341,848 | +€57,027 | +20.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €264,212 | €321,238 | +€57,027 | +21.6% |
| Amounts payable | 17/49 | €250,053 | €221,202 | -€28,852 | -11.5% |
| Amounts payable after more than one year | 17 | €151,509 | €136,189 | -€15,320 | -10.1% |
| Financial debts | 170/4 | €151,509 | €136,189 | -€15,320 | -10.1% |
| Amounts payable within one year | 42/48 | €97,075 | €83,544 | -€13,531 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €15,077 | €15,320 | +€243 | +1.6% |
| Trade debts | 44 | €2,976 | €3,616 | +€640 | +21.5% |
| Suppliers | 440/4 | €2,976 | €3,616 | +€640 | +21.5% |
| Taxes, remuneration and social security | 45 | €44,004 | €32,138 | -€11,866 | -27.0% |
| Taxes | 450/3 | €41,231 | €29,365 | -€11,866 | -28.8% |
| Remuneration and social security | 454/9 | €2,773 | €2,773 | = | 0.0% |
| Other amounts payable | 47/48 | €35,018 | €32,469 | -€2,549 | -7.3% |
| Accrued charges and deferred income | 492/3 | €1,469 | €1,469 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,980 | €27,230 | +€250 | +0.9% |
| Other operating charges | 640/8 | €1,158 | €1,077 | -€80 | -6.9% |
| Gross operating margin | 9900 | €158,483 | €112,209 | -€46,274 | -29.2% |
| Operating profit (loss) | 9901 | €130,345 | €83,902 | -€46,443 | -35.6% |
| Financial income | 75/76B | €3,076 | €2,580 | -€496 | -16.1% |
| Recurring financial income | 75 | €3,076 | €2,580 | -€496 | -16.1% |
| Financial charges | 65/66B | €6,971 | €5,776 | -€1,195 | -17.1% |
| Recurring financial charges | 65 | €6,971 | €5,776 | -€1,195 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €126,451 | €80,707 | -€45,744 | -36.2% |
| Income taxes | 67/77 | €36,728 | €22,847 | -€13,881 | -37.8% |
| Profit (loss) for the period | 9904 | €89,723 | €57,860 | -€31,863 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,723 | €57,860 | -€31,863 | -35.5% |
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 15 October 2026 via checked.be.