QUICK IT: 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.
QUICK IT
Largest movements
- Cash -€10,441
down €10,441 (-18.0%), from €57,965 to €47,523
mainly Other debts (-€13,825) and Tax, wage and social debts (-€9,822)
- Tangible fixed assets -€9,542
down €9,542 (-9.8%), from €97,047 to €87,505
of which Land and buildings: -€9,604
- Receivables within one year +€6,029
up €6,029 (+23.4%), from €25,740 to €31,768
of which Trade receivables: +€4,660
- Reserves +€15,393
up €15,393 (+60.3%), from €25,537 to €40,930
- Other debts -€13,825
down €13,825 (-20.2%), from €68,485 to €54,660
- Tax, wage and social debts -€9,822
down €9,822 (-82.3%), from €11,930 to €2,108
of which Taxes: -€9,822
- Current portion of long-term debt -€4,224
down €4,224 (-100%), from €4,224 to €0
- Gross operating margin +€6,642
up €6,642 (+18.6%), from €35,737 to €42,379
- Taxes +€1,686
up €1,686 (+34.0%), from €4,954 to €6,640
- Financial charges +€649
up €649 (+33.5%), from €1,937 to €2,586
- Financial income -€453
down €453 (-26.9%), from €1,683 to €1,230
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 | €190,414 | €176,879 | -€13,535 | -7.1% |
| Fixed assets | 21/28 | €103,652 | €95,099 | -€8,553 | -8.3% |
| Tangible fixed assets | 22/27 | €97,047 | €87,505 | -€9,542 | -9.8% |
| Land and buildings | 22 | €88,590 | €78,987 | -€9,604 | -10.8% |
| Furniture and vehicles | 24 | €8,457 | €8,518 | +€62 | +0.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €6,605 | €7,594 | +€989 | +15.0% |
| Current assets | 29/58 | €86,762 | €81,780 | -€4,982 | -5.7% |
| Amounts receivable within one year | 40/41 | €25,740 | €31,768 | +€6,029 | +23.4% |
| Trade receivables | 40 | €25,740 | €30,400 | +€4,660 | +18.1% |
| Other amounts receivable | 41 | €0 | €1,369 | +€1,369 | |
| Cash at bank and in hand | 54/58 | €57,965 | €47,523 | -€10,441 | -18.0% |
| Deferred charges and accrued income | 490/1 | €3,058 | €2,488 | -€569 | -18.6% |
| Total equity and liabilities | 10/49 | €190,414 | €176,879 | -€13,535 | -7.1% |
| Equity | 10/15 | €88,140 | €102,310 | +€14,170 | +16.1% |
| Contributions | 10/11 | €51,600 | €51,600 | = | 0.0% |
| Reserves | 13 | €25,537 | €40,930 | +€15,393 | +60.3% |
| Distributable reserves | 133 | €25,537 | €40,930 | +€15,393 | +60.3% |
| Investment grants | 15 | €11,003 | €9,781 | -€1,223 | -11.1% |
| Amounts payable | 17/49 | €102,274 | €74,569 | -€27,705 | -27.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €85,936 | €57,031 | -€28,906 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €4,224 | €0 | -€4,224 | -100% |
| Trade debts | 44 | €1,298 | €263 | -€1,036 | -79.8% |
| Suppliers | 440/4 | €1,298 | €263 | -€1,036 | -79.8% |
| Taxes, remuneration and social security | 45 | €11,930 | €2,108 | -€9,822 | -82.3% |
| Taxes | 450/3 | €11,930 | €2,108 | -€9,822 | -82.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €68,485 | €54,660 | -€13,825 | -20.2% |
| Accrued charges and deferred income | 492/3 | €16,338 | €17,538 | +€1,200 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,053 | €14,033 | -€20 | -0.1% |
| Other operating charges | 640/8 | €3,522 | €3,291 | -€231 | -6.6% |
| Gross operating margin | 9900 | €35,737 | €42,379 | +€6,642 | +18.6% |
| Operating profit (loss) | 9901 | €18,162 | €25,054 | +€6,893 | +38.0% |
| Financial income | 75/76B | €1,683 | €1,230 | -€453 | -26.9% |
| Recurring financial income | 75 | €1,683 | €1,230 | -€453 | -26.9% |
| Financial charges | 65/66B | €1,937 | €2,586 | +€649 | +33.5% |
| Recurring financial charges | 65 | €1,937 | €2,586 | +€649 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €17,908 | €23,699 | +€5,791 | +32.3% |
| Income taxes | 67/77 | €4,954 | €6,640 | +€1,686 | +34.0% |
| Profit (loss) for the period | 9904 | €12,954 | €17,059 | +€4,105 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,954 | €17,059 | +€4,105 | +31.7% |
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.