Prodotto: 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.
Prodotto
Largest movements
- Current investments +€26,132
up €26,132 (+54.9%), from €47,589 to €73,721
- Cash +€4,801
up €4,801 (+8.4%), from €56,980 to €61,780
mainly Net result for the year (+€31,874) and Depreciation (+€14,195)
- Tangible fixed assets -€4,228
down €4,228 (-9.8%), from €43,317 to €39,089
of which Land and buildings: -€6,715
- Receivables within one year +€3,903
up €3,903 (+19.8%), from €19,678 to €23,582
of which Trade receivables: +€5,607
- Reserves +€31,041
up €31,041 (+37.8%), from €82,091 to €113,132
- Tax, wage and social debts +€5,069
up €5,069 (+75.6%), from €6,709 to €11,779
of which Remuneration and social security: +€2,934
- Trade debts -€4,110
down €4,110 (-14.8%), from €27,713 to €23,603
- Debts after one year -€3,312
down €3,312 (-12.6%), from €26,382 to €23,071
- Gross operating margin +€17,317
up €17,317 (+30.1%), from €57,536 to €74,853
- Taxes +€5,370
up €5,370 (+64.0%), from €8,388 to €13,757
- Depreciation +€864
up €864 (+6.5%), from €13,331 to €14,195
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 | €167,564 | €198,172 | +€30,608 | +18.3% |
| Fixed assets | 21/28 | €43,317 | €39,089 | -€4,228 | -9.8% |
| Tangible fixed assets | 22/27 | €43,317 | €39,089 | -€4,228 | -9.8% |
| Land and buildings | 22 | €31,714 | €24,999 | -€6,715 | -21.2% |
| Plant, machinery and equipment | 23 | €3,544 | €2,723 | -€821 | -23.2% |
| Furniture and vehicles | 24 | €8,058 | €11,367 | +€3,309 | +41.1% |
| Current assets | 29/58 | €124,247 | €159,083 | +€34,836 | +28.0% |
| Amounts receivable within one year | 40/41 | €19,678 | €23,582 | +€3,903 | +19.8% |
| Trade receivables | 40 | €17,975 | €23,582 | +€5,607 | +31.2% |
| Other amounts receivable | 41 | €1,704 | - | -€1,704 | |
| Current investments | 50/53 | €47,589 | €73,721 | +€26,132 | +54.9% |
| Cash at bank and in hand | 54/58 | €56,980 | €61,780 | +€4,801 | +8.4% |
| Total equity and liabilities | 10/49 | €167,564 | €198,172 | +€30,608 | +18.3% |
| Equity | 10/15 | €84,591 | €115,632 | +€31,041 | +36.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,091 | €113,132 | +€31,041 | +37.8% |
| Distributable reserves | 133 | €82,091 | €113,132 | +€31,041 | +37.8% |
| Amounts payable | 17/49 | €82,973 | €82,540 | -€433 | -0.5% |
| Amounts payable after more than one year | 17 | €26,382 | €23,071 | -€3,312 | -12.6% |
| Financial debts | 170/4 | €26,382 | €23,071 | -€3,312 | -12.6% |
| Amounts payable within one year | 42/48 | €55,340 | €58,224 | +€2,884 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €3,215 | €3,312 | +€96 | +3.0% |
| Financial debts | 43 | - | €350 | +€350 | |
| Credit institutions | 430/8 | - | €350 | +€350 | |
| Trade debts | 44 | €27,713 | €23,603 | -€4,110 | -14.8% |
| Suppliers | 440/4 | €27,713 | €23,603 | -€4,110 | -14.8% |
| Taxes, remuneration and social security | 45 | €6,709 | €11,779 | +€5,069 | +75.6% |
| Taxes | 450/3 | €6,709 | €8,845 | +€2,135 | +31.8% |
| Remuneration and social security | 454/9 | - | €2,934 | +€2,934 | |
| Other amounts payable | 47/48 | €17,703 | €19,180 | +€1,477 | +8.3% |
| Accrued charges and deferred income | 492/3 | €1,251 | €1,246 | -€5 | -0.4% |
| Non-recurring operating income | 76A | €4,814 | - | -€4,814 | |
| Remuneration, social security and pensions | 62 | €12,102 | €11,878 | -€224 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,331 | €14,195 | +€864 | +6.5% |
| Other operating charges | 640/8 | €705 | €1,203 | +€498 | +70.7% |
| Gross operating margin | 9900 | €57,536 | €74,853 | +€17,317 | +30.1% |
| Operating profit (loss) | 9901 | €31,398 | €47,576 | +€16,178 | +51.5% |
| Financial income | 75/76B | €77 | €548 | +€471 | +608.9% |
| Recurring financial income | 75 | €77 | €548 | +€471 | +608.9% |
| Financial charges | 65/66B | €2,340 | €2,493 | +€153 | +6.5% |
| Recurring financial charges | 65 | €2,340 | €2,493 | +€153 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €29,136 | €45,632 | +€16,496 | +56.6% |
| Income taxes | 67/77 | €8,388 | €13,757 | +€5,370 | +64.0% |
| Profit (loss) for the period | 9904 | €20,748 | €31,874 | +€11,126 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,748 | €31,874 | +€11,126 | +53.6% |
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 1 October 2026 via checked.be.