PRODUCTION 21: 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.
PRODUCTION 21
Largest movements
- Receivables within one year +€18,150
up €18,150 (+53.8%), from €33,761 to €51,910
of which Other amounts receivable: +€16,724
- Tangible fixed assets +€11,130
up €11,130 (+152%), from €7,309 to €18,438
- Cash -€2,150
down €2,150 (-18.8%), from €11,430 to €9,280
mainly Investment in fixed assets (net) (-€18,155) and Receivables within one year (-€18,150)
- Financial fixed assets +€1,000
new in 2025: €1,000
- Profit (loss) carried forward +€54,354
up €54,354 (+72.0%), from -€75,528 to -€21,175
- Tax, wage and social debts -€16,224
down €16,224 (-67.1%), from €24,171 to €7,946
of which Taxes: -€12,188
- Trade debts +€15,778
up €15,778 (+123%), from €12,856 to €28,634
- Debts after one year -€14,354
down €14,354 (-24.3%), from €59,134 to €44,781
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Gross operating margin +€192,311
up €192,311, from -€75,921 to €116,390
- Financial income -€9,843
down €9,843 (-99.8%), from €9,859 to €16
- Write-downs +€6,589
new in 2025: €6,589
- Depreciation +€5,834
up €5,834 (+3,050%), from €191 to €6,025
- Financial charges +€3,215
up €3,215 (+266%), from €1,210 to €4,425
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 | €52,499 | €80,759 | +€28,260 | +53.8% |
| Fixed assets | 21/28 | €7,309 | €19,438 | +€12,130 | +166% |
| Tangible fixed assets | 22/27 | €7,309 | €18,438 | +€11,130 | +152% |
| Furniture and vehicles | 24 | €7,309 | €18,438 | +€11,130 | +152% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €45,190 | €61,320 | +€16,130 | +35.7% |
| Amounts receivable within one year | 40/41 | €33,761 | €51,910 | +€18,150 | +53.8% |
| Trade receivables | 40 | €26,325 | €27,751 | +€1,426 | +5.4% |
| Other amounts receivable | 41 | €7,435 | €24,159 | +€16,724 | +225% |
| Cash at bank and in hand | 54/58 | €11,430 | €9,280 | -€2,150 | -18.8% |
| Deferred charges and accrued income | 490/1 | - | €130 | +€130 | |
| Total equity and liabilities | 10/49 | €52,499 | €80,759 | +€28,260 | +53.8% |
| Equity | 10/15 | -€69,328 | -€14,975 | +€54,354 | +78.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,528 | -€21,175 | +€54,354 | +72.0% |
| Amounts payable | 17/49 | €121,827 | €95,734 | -€26,094 | -21.4% |
| Amounts payable after more than one year | 17 | €59,134 | €44,781 | -€14,354 | -24.3% |
| Financial debts | 170/4 | €59,134 | €44,781 | -€14,354 | -24.3% |
| Amounts payable within one year | 42/48 | €62,681 | €50,933 | -€11,748 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €13,655 | €14,354 | +€698 | +5.1% |
| Trade debts | 44 | €12,856 | €28,634 | +€15,778 | +123% |
| Suppliers | 440/4 | €12,856 | €28,634 | +€15,778 | +123% |
| Taxes, remuneration and social security | 45 | €24,171 | €7,946 | -€16,224 | -67.1% |
| Taxes | 450/3 | €14,143 | €1,954 | -€12,188 | -86.2% |
| Remuneration and social security | 454/9 | €10,028 | €5,992 | -€4,036 | -40.3% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Accrued charges and deferred income | 492/3 | €12 | €19 | +€8 | +66.5% |
| Remuneration, social security and pensions | 62 | €46,167 | €44,131 | -€2,036 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €6,025 | +€5,834 | +3,050% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,589 | +€6,589 | |
| Other operating charges | 640/8 | €451 | €819 | +€368 | +81.6% |
| Gross operating margin | 9900 | -€75,921 | €116,390 | +€192,311 | |
| Operating profit (loss) | 9901 | -€122,731 | €58,826 | +€181,556 | |
| Financial income | 75/76B | €9,859 | €16 | -€9,843 | -99.8% |
| Recurring financial income | 75 | €9,859 | €16 | -€9,843 | -99.8% |
| Financial charges | 65/66B | €1,210 | €4,425 | +€3,215 | +266% |
| Recurring financial charges | 65 | €1,210 | €4,425 | +€3,215 | +266% |
| Profit (loss) for the period before taxes | 9903 | -€114,082 | €54,416 | +€168,498 | |
| Income taxes | 67/77 | -€10 | €63 | +€73 | |
| Profit (loss) for the period | 9904 | -€114,072 | €54,354 | +€168,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,072 | €54,354 | +€168,425 |
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 28 October 2026 via checked.be.