REAL IMPORT - EXPORT: 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.
REAL IMPORT - EXPORT
Largest movements
- Tangible fixed assets +€3.6m
up €3.6m (+146.5%), from €2.5m to €6.1m
of which Land and buildings: +€2.9m
- Receivables within one year -€522,082
down €522,082 (-58.7%), from €888,858 to €366,776
of which Trade receivables: -€533,626
- Cash -€359,497
down €359,497 (-46.8%), from €767,859 to €408,362
mainly Investment in fixed assets (net) (-€3.9m) and Stocks and contracts (-€305,395)
- Stocks and contracts +€305,395
up €305,395 (+349.4%), from €87,400 to €392,795
- Debts after one year +€2.4m
up €2.4m (+136.8%), from €1.7m to €4.1m
- Current portion of long-term debt +€554,704
up €554,704 (+291.7%), from €190,148 to €744,852
- Reserves +€100,625
up €100,625 (+5.5%), from €1.8m to €1.9m
- Trade debts +€83,833
up €83,833 (+39.2%), from €214,116 to €297,948
- Depreciation +€200,312
up €200,312 (+137.7%), from €145,466 to €345,777
- Taxes -€126,617
down €126,617 (-99.6%), from €127,067 to €449
- Staff costs +€114,402
up €114,402 (+73.3%), from €155,976 to €270,377
- Gross operating margin +€100,385
up €100,385 (+11.6%), from €867,967 to €968,352
- Financial charges +€52,537
up €52,537 (+74.6%), from €70,460 to €122,998
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 | €4,220,070 | €7,266,043 | +€3.0m | +72.2% |
| Fixed assets | 21/28 | €2,459,959 | €6,055,374 | +€3.6m | +146.2% |
| Tangible fixed assets | 22/27 | €2,454,959 | €6,050,374 | +€3.6m | +146.5% |
| Land and buildings | 22 | €2,113,343 | €4,975,605 | +€2.9m | +135.4% |
| Plant, machinery and equipment | 23 | €198,572 | €924,010 | +€725,438 | +365.3% |
| Furniture and vehicles | 24 | €11,016 | €18,731 | +€7,715 | +70.0% |
| Other tangible fixed assets | 26 | €132,028 | €132,028 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,760,111 | €1,210,668 | -€549,443 | -31.2% |
| Stocks and contracts in progress | 3 | €87,400 | €392,795 | +€305,395 | +349.4% |
| Stocks | 30/36 | €87,400 | €392,795 | +€305,395 | +349.4% |
| Amounts receivable within one year | 40/41 | €888,858 | €366,776 | -€522,082 | -58.7% |
| Trade receivables | 40 | €881,399 | €347,773 | -€533,626 | -60.5% |
| Other amounts receivable | 41 | €7,459 | €19,003 | +€11,544 | +154.8% |
| Cash at bank and in hand | 54/58 | €767,859 | €408,362 | -€359,497 | -46.8% |
| Deferred charges and accrued income | 490/1 | €15,994 | €42,736 | +€26,742 | +167.2% |
| Total equity and liabilities | 10/49 | €4,220,070 | €7,266,043 | +€3.0m | +72.2% |
| Equity | 10/15 | €1,843,969 | €1,944,594 | +€100,625 | +5.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,824,969 | €1,925,594 | +€100,625 | +5.5% |
| Distributable reserves | 133 | €1,824,969 | €1,925,594 | +€100,625 | +5.5% |
| Amounts payable | 17/49 | €2,376,102 | €5,321,449 | +€2.9m | +124.0% |
| Amounts payable after more than one year | 17 | €1,719,482 | €4,071,927 | +€2.4m | +136.8% |
| Financial debts | 170/4 | €1,719,482 | €4,071,927 | +€2.4m | +136.8% |
| Amounts payable within one year | 42/48 | €646,422 | €1,249,522 | +€603,101 | +93.3% |
| Current portion of amounts payable after more than one year | 42 | €190,148 | €744,852 | +€554,704 | +291.7% |
| Trade debts | 44 | €214,116 | €297,948 | +€83,833 | +39.2% |
| Suppliers | 440/4 | €214,116 | €297,948 | +€83,833 | +39.2% |
| Taxes, remuneration and social security | 45 | €59,976 | €60,899 | +€923 | +1.5% |
| Taxes | 450/3 | €48,920 | €40,285 | -€8,636 | -17.7% |
| Remuneration and social security | 454/9 | €11,056 | €20,615 | +€9,559 | +86.5% |
| Other amounts payable | 47/48 | €182,182 | €145,822 | -€36,359 | -20.0% |
| Accrued charges and deferred income | 492/3 | €10,198 | - | -€10,198 | |
| Remuneration, social security and pensions | 62 | €155,976 | €270,377 | +€114,402 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,466 | €345,777 | +€200,312 | +137.7% |
| Other operating charges | 640/8 | €15,029 | €9,917 | -€5,112 | -34.0% |
| Gross operating margin | 9900 | €867,967 | €968,352 | +€100,385 | +11.6% |
| Operating profit (loss) | 9901 | €551,497 | €342,280 | -€209,217 | -37.9% |
| Financial income | 75/76B | €23 | €1,793 | +€1,769 | +7580.3% |
| Recurring financial income | 75 | €23 | €1,793 | +€1,769 | +7580.3% |
| Financial charges | 65/66B | €70,460 | €122,998 | +€52,537 | +74.6% |
| Recurring financial charges | 65 | €70,460 | €122,998 | +€52,537 | +74.6% |
| Profit (loss) for the period before taxes | 9903 | €481,060 | €221,075 | -€259,986 | -54.0% |
| Income taxes | 67/77 | €127,067 | €449 | -€126,617 | -99.6% |
| Profit (loss) for the period | 9904 | €353,994 | €220,625 | -€133,368 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €353,994 | €220,625 | -€133,368 | -37.7% |
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 4 October 2026 via checked.be.