PROD A LA DEMANDE: 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.
PROD A LA DEMANDE
Largest movements
- Tangible fixed assets -€20,784
down €20,784 (-18.9%), from €110,154 to €89,369
of which Furniture and vehicles: -€14,392
- Cash +€20,339
up €20,339 (+93.4%), from €21,779 to €42,118
mainly Depreciation (+€105,591) and Net result for the year (+€48,910)
- Receivables within one year -€4,152
down €4,152 (-24.0%), from €17,300 to €13,149
of which Trade receivables: -€9,584
- Intangible fixed assets +€3,000
up €3,000 (+2.3%), from €127,800 to €130,800
- Profit (loss) carried forward +€48,910
up €48,910, from -€36,260 to €12,649
- Other debts -€23,653
down €23,653 (-95.6%), from €24,737 to €1,085
- Debts after one year -€15,600
down €15,600 (-16.1%), from €96,613 to €81,013
- Accrued charges and deferred income -€7,045
down €7,045 (-9.0%), from €78,507 to €71,462
- Trade debts -€3,993
down €3,993 (-34.5%), from €11,588 to €7,595
- Gross operating margin +€108,295
up €108,295, from -€3,044 to €105,251
- Financial charges -€11,398
down €11,398 (-72.3%), from €15,762 to €4,364
of which Non-recurring financial charges: -€11,480
- Depreciation +€7,845
up €7,845 (+8.0%), from €97,745 to €105,591
- Other operating charges +€2,737
up €2,737 (+27.0%), from €10,140 to €12,877
- Write-downs -€2,000
down €2,000, from €1,000 to -€1,000
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 | €279,179 | €277,829 | -€1,350 | -0.5% |
| Fixed assets | 21/28 | €237,954 | €220,169 | -€17,784 | -7.5% |
| Intangible fixed assets | 21 | €127,800 | €130,800 | +€3,000 | +2.3% |
| Tangible fixed assets | 22/27 | €110,154 | €89,369 | -€20,784 | -18.9% |
| Furniture and vehicles | 24 | €90,976 | €76,584 | -€14,392 | -15.8% |
| Other tangible fixed assets | 26 | €19,177 | €12,785 | -€6,392 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €41,225 | €57,659 | +€16,434 | +39.9% |
| Amounts receivable within one year | 40/41 | €17,300 | €13,149 | -€4,152 | -24.0% |
| Trade receivables | 40 | €15,667 | €6,083 | -€9,584 | -61.2% |
| Other amounts receivable | 41 | €1,633 | €7,066 | +€5,432 | +333% |
| Cash at bank and in hand | 54/58 | €21,779 | €42,118 | +€20,339 | +93.4% |
| Deferred charges and accrued income | 490/1 | €2,145 | €2,393 | +€247 | +11.5% |
| Total equity and liabilities | 10/49 | €279,179 | €277,829 | -€1,350 | -0.5% |
| Equity | 10/15 | €49,494 | €99,496 | +€50,001 | +101% |
| Contributions | 10/11 | €12,648 | €12,648 | = | 0.0% |
| Reserves | 13 | €25,860 | €25,860 | = | 0.0% |
| Distributable reserves | 133 | €25,860 | €25,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,260 | €12,649 | +€48,910 | |
| Investment grants | 15 | €47,247 | €48,339 | +€1,092 | +2.3% |
| Amounts payable | 17/49 | €229,684 | €178,333 | -€51,351 | -22.4% |
| Amounts payable after more than one year | 17 | €96,613 | €81,013 | -€15,600 | -16.1% |
| Financial debts | 170/4 | €96,613 | €81,013 | -€15,600 | -16.1% |
| Amounts payable within one year | 42/48 | €54,564 | €25,858 | -€28,706 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €16,900 | €15,600 | -€1,300 | -7.7% |
| Trade debts | 44 | €11,588 | €7,595 | -€3,993 | -34.5% |
| Suppliers | 440/4 | €11,588 | €7,595 | -€3,993 | -34.5% |
| Taxes, remuneration and social security | 45 | €1,339 | €1,579 | +€240 | +17.9% |
| Taxes | 450/3 | €339 | €579 | +€240 | +70.8% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €24,737 | €1,085 | -€23,653 | -95.6% |
| Accrued charges and deferred income | 492/3 | €78,507 | €71,462 | -€7,045 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,745 | €105,591 | +€7,845 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000 | -€1,000 | -€2,000 | |
| Other operating charges | 640/8 | €10,140 | €12,877 | +€2,737 | +27.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€3,044 | €105,251 | +€108,295 | |
| Operating profit (loss) | 9901 | -€111,929 | -€12,217 | +€99,712 | +89.1% |
| Financial income | 75/76B | €66,835 | €66,069 | -€766 | -1.1% |
| Recurring financial income | 75 | €57,320 | €65,069 | +€7,749 | +13.5% |
| Non-recurring financial income | 76B | €9,515 | €1,000 | -€8,515 | -89.5% |
| Financial charges | 65/66B | €15,762 | €4,364 | -€11,398 | -72.3% |
| Recurring financial charges | 65 | €3,282 | €3,364 | +€82 | +2.5% |
| Non-recurring financial charges | 66B | €12,480 | €1,000 | -€11,480 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | -€60,856 | €49,488 | +€110,345 | |
| Income taxes | 67/77 | €339 | €579 | +€240 | +70.8% |
| Profit (loss) for the period | 9904 | -€61,195 | €48,910 | +€110,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,195 | €48,910 | +€110,105 |
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 27 October 2026 via checked.be.