R24: what changed
R24
Largest movements
- Stocks and contracts +€5,809
up €5,809 (+47.0%), from €12,365 to €18,173
- Cash +€1,526
up €1,526 (+7.3%), from €20,841 to €22,367
mainly Net result for the year (+€36,486) and Tax, wage and social debts (+€8,668)
- Receivables within one year +€1,501
up €1,501 (+326%), from €460 to €1,961
of which Trade receivables: +€1,419
- Other debts -€39,189
down €39,189 (-60.1%), from €65,163 to €25,974
- Profit (loss) carried forward +€36,486
up €36,486 (+47.0%), from -€77,625 to -€41,138
- Tax, wage and social debts +€8,668
up €8,668 (+452%), from €1,916 to €10,584
- Trade debts +€2,873
up €2,873 (+2,429%), from €118 to €2,991
- Gross operating margin +€30,877
up €30,877 (+288%), from €10,736 to €41,613
- Taxes +€4,711
new in 2025: €4,711
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,826 | €42,664 | +€8,838 | +26.1% |
| Current assets | 29/58 | €33,826 | €42,664 | +€8,838 | +26.1% |
| Stocks and contracts in progress | 3 | €12,365 | €18,173 | +€5,809 | +47.0% |
| Stocks | 30/36 | €12,365 | €18,173 | +€5,809 | +47.0% |
| Amounts receivable within one year | 40/41 | €460 | €1,961 | +€1,501 | +326% |
| Trade receivables | 40 | €459 | €1,878 | +€1,419 | +309% |
| Other amounts receivable | 41 | €1 | €83 | +€82 | +6,483% |
| Cash at bank and in hand | 54/58 | €20,841 | €22,367 | +€1,526 | +7.3% |
| Deferred charges and accrued income | 490/1 | €160 | €163 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €33,826 | €42,664 | +€8,838 | +26.1% |
| Equity | 10/15 | -€33,371 | €3,115 | +€36,486 | |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €23,803 | €23,803 | = | 0.0% |
| Distributable reserves | 133 | €23,803 | €23,803 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,625 | -€41,138 | +€36,486 | +47.0% |
| Amounts payable | 17/49 | €67,197 | €39,548 | -€27,649 | -41.1% |
| Amounts payable within one year | 42/48 | €67,197 | €39,548 | -€27,649 | -41.1% |
| Trade debts | 44 | €118 | €2,991 | +€2,873 | +2,429% |
| Suppliers | 440/4 | €118 | €2,991 | +€2,873 | +2,429% |
| Taxes, remuneration and social security | 45 | €1,916 | €10,584 | +€8,668 | +452% |
| Taxes | 450/3 | €1,916 | €10,584 | +€8,668 | +452% |
| Other amounts payable | 47/48 | €65,163 | €25,974 | -€39,189 | -60.1% |
| Other operating charges | 640/8 | €730 | €345 | -€385 | -52.8% |
| Gross operating margin | 9900 | €10,736 | €41,613 | +€30,877 | +288% |
| Operating profit (loss) | 9901 | €10,005 | €41,268 | +€31,263 | +312% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €31 | €117 | +€86 | +278% |
| Recurring financial charges | 65 | €31 | €117 | +€86 | +278% |
| Profit (loss) for the period before taxes | 9903 | €9,974 | €41,198 | +€31,223 | +313% |
| Income taxes | 67/77 | - | €4,711 | +€4,711 | |
| Profit (loss) for the period | 9904 | €9,974 | €36,486 | +€26,512 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €9,974 | €36,486 | +€26,512 | +266% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.