QUICK MOOVE: 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.
QUICK MOOVE
Largest movements
- Receivables within one year +€97,298
up €97,298 (+1252.5%), from €7,769 to €105,066
of which Trade receivables: +€58,378
- Tangible fixed assets -€19,251
down €19,251 (-24.8%), from €77,496 to €58,245
of which Leasing and similar rights: -€15,340
- Current investments -€16,721
no longer reported in 2025 (was €16,721)
- Deferred charges and accrued income -€6,270
down €6,270 (-5.3%), from €118,856 to €112,586
- Short-term financial debts +€61,105
new in 2025: €61,105
- Advances received +€26,256
new in 2025: €26,256
- Debts after one year -€22,053
down €22,053 (-35.2%), from €62,592 to €40,539
- Trade debts -€8,060
down €8,060 (-16.8%), from €47,937 to €39,877
- Current portion of long-term debt +€5,519
up €5,519 (+45.0%), from €12,272 to €17,791
- Gross operating margin -€79,630
down €79,630 (-38.3%), from €207,693 to €128,062
- Staff costs -€55,554
down €55,554 (-36.9%), from €150,366 to €94,812
- Depreciation -€17,364
down €17,364 (-47.4%), from €36,615 to €19,251
- Taxes -€10,518
down €10,518 (-87.9%), from €11,965 to €1,447
- Financial charges +€5,010
up €5,010 (+94.7%), from €5,292 to €10,301
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,325 | €276,381 | +€55,056 | +24.9% |
| Fixed assets | 21/28 | €77,980 | €58,729 | -€19,251 | -24.7% |
| Tangible fixed assets | 22/27 | €77,496 | €58,245 | -€19,251 | -24.8% |
| Plant, machinery and equipment | 23 | €578 | - | -€578 | |
| Furniture and vehicles | 24 | €9,167 | €5,833 | -€3,333 | -36.4% |
| Leasing and similar rights | 25 | €67,751 | €52,411 | -€15,340 | -22.6% |
| Financial fixed assets | 28 | €484 | €484 | = | 0.0% |
| Current assets | 29/58 | €143,345 | €217,652 | +€74,307 | +51.8% |
| Amounts receivable within one year | 40/41 | €7,769 | €105,066 | +€97,298 | +1252.5% |
| Trade receivables | 40 | €97 | €58,474 | +€58,378 | +60307.4% |
| Other amounts receivable | 41 | €7,672 | €46,592 | +€38,920 | +507.3% |
| Current investments | 50/53 | €16,721 | - | -€16,721 | |
| Deferred charges and accrued income | 490/1 | €118,856 | €112,586 | -€6,270 | -5.3% |
| Total equity and liabilities | 10/49 | €221,325 | €276,381 | +€55,056 | +24.9% |
| Equity | 10/15 | €57,641 | €55,052 | -€2,588 | -4.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,641 | €45,052 | -€2,588 | -5.4% |
| Amounts payable | 17/49 | €163,684 | €221,329 | +€57,645 | +35.2% |
| Amounts payable after more than one year | 17 | €62,592 | €40,539 | -€22,053 | -35.2% |
| Financial debts | 170/4 | €62,592 | €40,539 | -€22,053 | -35.2% |
| Amounts payable within one year | 42/48 | €101,093 | €180,790 | +€79,697 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €12,272 | €17,791 | +€5,519 | +45.0% |
| Financial debts | 43 | - | €61,105 | +€61,105 | |
| Credit institutions | 430/8 | - | €61,105 | +€61,105 | |
| Trade debts | 44 | €47,937 | €39,877 | -€8,060 | -16.8% |
| Suppliers | 440/4 | €47,937 | €39,877 | -€8,060 | -16.8% |
| Advances received on contracts in progress | 46 | - | €26,256 | +€26,256 | |
| Taxes, remuneration and social security | 45 | €34,396 | €34,182 | -€214 | -0.6% |
| Taxes | 450/3 | €27,445 | €30,867 | +€3,422 | +12.5% |
| Remuneration and social security | 454/9 | €6,951 | €3,315 | -€3,636 | -52.3% |
| Other amounts payable | 47/48 | €6,488 | €1,579 | -€4,909 | -75.7% |
| Non-recurring operating income | 76A | - | €25,072 | +€25,072 | |
| Remuneration, social security and pensions | 62 | €150,366 | €94,812 | -€55,554 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,615 | €19,251 | -€17,364 | -47.4% |
| Other operating charges | 640/8 | €2,953 | €5,643 | +€2,689 | +91.1% |
| Gross operating margin | 9900 | €207,693 | €128,062 | -€79,630 | -38.3% |
| Operating profit (loss) | 9901 | €17,758 | €8,357 | -€9,402 | -52.9% |
| Financial income | 75/76B | €778 | €803 | +€25 | +3.2% |
| Recurring financial income | 75 | €778 | €803 | +€25 | +3.2% |
| Financial charges | 65/66B | €5,292 | €10,301 | +€5,010 | +94.7% |
| Recurring financial charges | 65 | €5,292 | €10,301 | +€5,010 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €13,245 | -€1,141 | -€14,386 | |
| Income taxes | 67/77 | €11,965 | €1,447 | -€10,518 | -87.9% |
| Profit (loss) for the period | 9904 | €1,280 | -€2,588 | -€3,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,280 | -€2,588 | -€3,869 |
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 30 September 2026 via checked.be.