Radar: 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.
Radar
Largest movements
- Receivables within one year -€201,192
down €201,192 (-34.5%), from €582,983 to €381,791
- Cash -€44,748
down €44,748 (-4.3%), from €1.1m to €1.0m
mainly Accrued charges and deferred income (-€363,548) and Debts within one year (-€187,033)
- Accrued charges and deferred income -€363,548
down €363,548 (-78.6%), from €462,237 to €98,689
- Provisions +€235,000
up €235,000 (+256.0%), from €91,780 to €326,780
- Debts within one year -€187,033
down €187,033 (-34.5%), from €541,835 to €354,802
- Reserves +€80,000
up €80,000 (+10.1%), from €790,000 to €870,000
- Gross operating margin +€245,763
up €245,763 (+16.6%), from €1.5m to €1.7m
- Staff costs +€158,896
up €158,896 (+13.0%), from €1.2m to €1.4m
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
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 | €2,067,724 | €1,826,396 | -€241,328 | -11.7% |
| Fixed assets | 21/28 | €404,466 | €418,156 | +€13,691 | +3.4% |
| Tangible fixed assets | 22/27 | €404,466 | €418,156 | +€13,691 | +3.4% |
| Land and buildings | 22 | €366,622 | €388,951 | +€22,328 | +6.1% |
| Plant, machinery and equipment | 23 | €2,551 | €5,311 | +€2,760 | +108.2% |
| Furniture and vehicles | 24 | €35,292 | €23,894 | -€11,398 | -32.3% |
| Current assets | 29/58 | €1,663,259 | €1,408,239 | -€255,019 | -15.3% |
| Amounts receivable within one year | 40/41 | €582,983 | €381,791 | -€201,192 | -34.5% |
| Other amounts receivable | 41 | €582,983 | €381,791 | -€201,192 | -34.5% |
| Cash at bank and in hand | 54/58 | €1,052,838 | €1,008,091 | -€44,748 | -4.3% |
| Deferred charges and accrued income | 490/1 | €27,437 | €18,358 | -€9,079 | -33.1% |
| Total equity and liabilities | 10/49 | €2,067,724 | €1,826,396 | -€241,328 | -11.7% |
| Equity | 10/15 | €908,450 | €989,605 | +€81,155 | +8.9% |
| Reserves | 13 | €790,000 | €870,000 | +€80,000 | +10.1% |
| Profit (loss) carried forward | 14 | €73,038 | €76,127 | +€3,089 | +4.2% |
| Investment grants | 15 | €45,412 | €43,477 | -€1,934 | -4.3% |
| Provisions and deferred taxes | 16 | €91,780 | €326,780 | +€235,000 | +256.0% |
| Provisions for liabilities and charges | 160/5 | €91,780 | €326,780 | +€235,000 | +256.0% |
| Major repairs and maintenance | 162 | €91,780 | €91,780 | = | 0.0% |
| Other liabilities and charges | 164/5 | - | €235,000 | +€235,000 | |
| Amounts payable | 17/49 | €1,067,495 | €510,012 | -€557,483 | -52.2% |
| Amounts payable after more than one year | 17 | €63,423 | €56,521 | -€6,902 | -10.9% |
| Financial debts | 170/4 | €63,423 | €56,521 | -€6,902 | -10.9% |
| Amounts payable within one year | 42/48 | €541,835 | €354,802 | -€187,033 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €6,762 | €6,902 | +€140 | +2.1% |
| Trade debts | 44 | €3,166 | €17,672 | +€14,505 | +458.1% |
| Suppliers | 440/4 | €3,166 | €17,672 | +€14,505 | +458.1% |
| Taxes, remuneration and social security | 45 | €209,948 | €237,230 | +€27,282 | +13.0% |
| Taxes | 450/3 | €39,793 | €44,329 | +€4,536 | +11.4% |
| Remuneration and social security | 454/9 | €170,155 | €192,902 | +€22,746 | +13.4% |
| Accrued charges and deferred income | 492/3 | €462,237 | €98,689 | -€363,548 | -78.6% |
| Non-recurring operating income | 76A | €0 | €18 | +€18 | |
| Remuneration, social security and pensions | 62 | €1,221,241 | €1,380,136 | +€158,896 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,523 | €26,583 | +€3,059 | +13.0% |
| Other operating charges | 640/8 | €8,380 | €8,504 | +€124 | +1.5% |
| Non-recurring operating charges | 66A | €17,487 | €2,519 | -€14,968 | -85.6% |
| Gross operating margin | 9900 | €1,480,032 | €1,725,796 | +€245,763 | +16.6% |
| Operating profit (loss) | 9901 | €129,401 | €73,054 | -€56,347 | -43.5% |
| Financial income | 75/76B | €2,876 | €11,711 | +€8,835 | +307.2% |
| Recurring financial income | 75 | €2,876 | €11,711 | +€8,835 | +307.2% |
| Financial charges | 65/66B | €1,815 | €1,675 | -€140 | -7.7% |
| Recurring financial charges | 65 | €1,815 | €1,675 | -€140 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €130,462 | €83,089 | -€47,373 | -36.3% |
| Profit (loss) for the period | 9904 | €130,462 | €83,089 | -€47,373 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €130,462 | €83,089 | -€47,373 | -36.3% |
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 3 October 2026 via checked.be.