Quantify: 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.
Quantify
Largest movements
- Receivables within one year +€520,170
up €520,170 (+312%), from €166,796 to €686,966
of which Trade receivables: +€507,930
- Stocks and contracts +€287,354
up €287,354 (+1,611%), from €17,842 to €305,197
- Cash +€44,785
up €44,785 (+57.6%), from €77,786 to €122,570
mainly Trade debts (+€840,349) and Accrued charges and deferred income (+€71,978)
- Trade debts +€840,349
up €840,349 (+531%), from €158,355 to €998,705
- Accrued charges and deferred income +€71,978
up €71,978 (+3,599%), from €2,000 to €73,978
- Tax, wage and social debts -€33,711
down €33,711 (-96.0%), from €35,133 to €1,422
- Profit (loss) carried forward -€19,430
down €19,430 (-29.5%), from €65,913 to €46,483
- Gross operating margin -€35,144
down €35,144 (-36.8%), from €95,412 to €60,268
- Taxes -€12,302
down €12,302 (-83.7%), from €14,694 to €2,392
- Staff costs +€9,754
up €9,754 (+26.7%), from €36,562 to €46,316
- Financial charges +€8,509
up €8,509 (+223%), from €3,819 to €12,327
- Financial income +€2,568
up €2,568 (+644%), from €399 to €2,967
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 | €271,402 | €1,130,682 | +€859,280 | +317% |
| Fixed assets | 21/28 | €6,943 | €10,111 | +€3,168 | +45.6% |
| Tangible fixed assets | 22/27 | €3,455 | €6,498 | +€3,043 | +88.1% |
| Plant, machinery and equipment | 23 | €919 | €4,299 | +€3,380 | +368% |
| Furniture and vehicles | 24 | €2,536 | €2,199 | -€337 | -13.3% |
| Financial fixed assets | 28 | €3,488 | €3,613 | +€125 | +3.6% |
| Current assets | 29/58 | €264,459 | €1,120,570 | +€856,112 | +324% |
| Stocks and contracts in progress | 3 | €17,842 | €305,197 | +€287,354 | +1,611% |
| Stocks | 30/36 | €17,842 | €305,197 | +€287,354 | +1,611% |
| Amounts receivable within one year | 40/41 | €166,796 | €686,966 | +€520,170 | +312% |
| Trade receivables | 40 | €166,788 | €674,718 | +€507,930 | +305% |
| Other amounts receivable | 41 | €8 | €12,248 | +€12,240 | +153,383% |
| Cash at bank and in hand | 54/58 | €77,786 | €122,570 | +€44,785 | +57.6% |
| Deferred charges and accrued income | 490/1 | €2,034 | €5,837 | +€3,803 | +187% |
| Total equity and liabilities | 10/49 | €271,402 | €1,130,682 | +€859,280 | +317% |
| Equity | 10/15 | €75,913 | €56,483 | -€19,430 | -25.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,913 | €46,483 | -€19,430 | -29.5% |
| Amounts payable | 17/49 | €195,489 | €1,074,199 | +€878,710 | +449% |
| Amounts payable within one year | 42/48 | €193,489 | €1,000,221 | +€806,732 | +417% |
| Trade debts | 44 | €158,355 | €998,705 | +€840,349 | +531% |
| Suppliers | 440/4 | €158,355 | €998,705 | +€840,349 | +531% |
| Taxes, remuneration and social security | 45 | €35,133 | €1,422 | -€33,711 | -96.0% |
| Taxes | 450/3 | €35,133 | €1,422 | -€33,711 | -96.0% |
| Other amounts payable | 47/48 | - | €94 | +€94 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €73,978 | +€71,978 | +3,599% |
| Remuneration, social security and pensions | 62 | €36,562 | €46,316 | +€9,754 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €972 | -€72 | -6.9% |
| Other operating charges | 640/8 | €6 | €817 | +€811 | +12,969% |
| Gross operating margin | 9900 | €95,412 | €60,268 | -€35,144 | -36.8% |
| Operating profit (loss) | 9901 | €57,799 | €12,163 | -€45,636 | -79.0% |
| Financial income | 75/76B | €399 | €2,967 | +€2,568 | +644% |
| Recurring financial income | 75 | €399 | €2,967 | +€2,568 | +644% |
| Financial charges | 65/66B | €3,819 | €12,327 | +€8,509 | +223% |
| Recurring financial charges | 65 | €3,819 | €12,327 | +€8,509 | +223% |
| Profit (loss) for the period before taxes | 9903 | €54,379 | €2,802 | -€51,576 | -94.8% |
| Income taxes | 67/77 | €14,694 | €2,392 | -€12,302 | -83.7% |
| Profit (loss) for the period | 9904 | €39,685 | €410 | -€39,275 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,685 | €410 | -€39,275 | -99.0% |
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 14 October 2026 via checked.be.