PROFILER: 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.
PROFILER
Largest movements
- Receivables within one year -€180,747
down €180,747 (-42.0%), from €430,117 to €249,371
of which Trade receivables: -€178,933
- Cash -€11,740
down €11,740 (-8.9%), from €132,337 to €120,597
mainly Other debts (-€153,255) and Contributions, distributions and other (-€35,534)
- Deferred charges and accrued income +€6,607
up €6,607 (+57.3%), from €11,531 to €18,139
- Other debts -€153,255
down €153,255 (-81.2%), from €188,789 to €35,534
- Trade debts -€35,424
down €35,424 (-16.3%), from €216,977 to €181,553
- Accrued charges and deferred income -€13,001
down €13,001 (-19.7%), from €65,933 to €52,932
- Tax, wage and social debts +€9,460
up €9,460 (+16.3%), from €58,044 to €67,504
of which Remuneration and social security: +€12,914
- Gross operating margin -€162,212
down €162,212 (-41.8%), from €387,860 to €225,647
- Taxes -€46,523
down €46,523 (-72.0%), from €64,587 to €18,063
- Staff costs +€35,860
up €35,860 (+27.9%), from €128,495 to €164,355
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 | €597,393 | €405,172 | -€192,221 | -32.2% |
| Fixed assets | 21/28 | €23,408 | €17,066 | -€6,342 | -27.1% |
| Intangible fixed assets | 21 | €6,217 | €4,473 | -€1,744 | -28.1% |
| Tangible fixed assets | 22/27 | €8,072 | €6,123 | -€1,949 | -24.1% |
| Furniture and vehicles | 24 | €8,072 | €6,123 | -€1,949 | -24.1% |
| Financial fixed assets | 28 | €9,119 | €6,470 | -€2,649 | -29.0% |
| Current assets | 29/58 | €573,986 | €388,106 | -€185,879 | -32.4% |
| Amounts receivable within one year | 40/41 | €430,117 | €249,371 | -€180,747 | -42.0% |
| Trade receivables | 40 | €418,293 | €239,360 | -€178,933 | -42.8% |
| Other amounts receivable | 41 | €11,824 | €10,010 | -€1,814 | -15.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €132,337 | €120,597 | -€11,740 | -8.9% |
| Deferred charges and accrued income | 490/1 | €11,531 | €18,139 | +€6,607 | +57.3% |
| Total equity and liabilities | 10/49 | €597,393 | €405,172 | -€192,221 | -32.2% |
| Equity | 10/15 | €67,650 | €67,650 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €529,743 | €337,522 | -€192,221 | -36.3% |
| Amounts payable within one year | 42/48 | €463,810 | €284,590 | -€179,220 | -38.6% |
| Trade debts | 44 | €216,977 | €181,553 | -€35,424 | -16.3% |
| Suppliers | 440/4 | €216,977 | €181,553 | -€35,424 | -16.3% |
| Taxes, remuneration and social security | 45 | €58,044 | €67,504 | +€9,460 | +16.3% |
| Taxes | 450/3 | €47,845 | €44,390 | -€3,455 | -7.2% |
| Remuneration and social security | 454/9 | €10,199 | €23,114 | +€12,914 | +127% |
| Other amounts payable | 47/48 | €188,789 | €35,534 | -€153,255 | -81.2% |
| Accrued charges and deferred income | 492/3 | €65,933 | €52,932 | -€13,001 | -19.7% |
| Remuneration, social security and pensions | 62 | €128,495 | €164,355 | +€35,860 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €3,693 | +€272 | +8.0% |
| Other operating charges | 640/8 | €2,390 | €450 | -€1,940 | -81.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €387,860 | €225,647 | -€162,212 | -41.8% |
| Operating profit (loss) | 9901 | €253,554 | €57,150 | -€196,404 | -77.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +310% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +310% |
| Financial charges | 65/66B | €5,851 | €3,555 | -€2,296 | -39.2% |
| Recurring financial charges | 65 | €5,851 | €3,555 | -€2,296 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €247,703 | €53,597 | -€194,107 | -78.4% |
| Income taxes | 67/77 | €64,587 | €18,063 | -€46,523 | -72.0% |
| Profit (loss) for the period | 9904 | €183,117 | €35,534 | -€147,583 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €183,117 | €35,534 | -€147,583 | -80.6% |
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 25 October 2026 via checked.be.