Rebound And Progress: 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.
Rebound And Progress
Largest movements
- Tangible fixed assets +€41,080
new in 2025: €41,080
of which Land and buildings: +€29,379
- Receivables within one year -€20,008
down €20,008 (-71.5%), from €27,978 to €7,971
of which Other amounts receivable: -€27,700
- Current investments -€10,268
down €10,268 (-88.1%), from €11,650 to €1,382
- Deferred charges and accrued income -€650
no longer reported in 2025 (was €650)
- Tax, wage and social debts -€21,289
down €21,289 (-50.1%), from €42,531 to €21,242
- Debts after one year +€16,284
new in 2025: €16,284
- Current portion of long-term debt +€9,395
new in 2025: €9,395
- Other debts +€2,600
new in 2025: €2,600
- Trade debts +€2,200
up €2,200 (+28.5%), from €7,708 to €9,908
- Write-downs +€100,371
up €100,371, from -€99,141 to €1,230
- Turnover +€62,944
up €62,944 (+111.2%), from €56,600 to €119,544
- Gross operating margin +€36,075
up €36,075 (+768.6%), from €4,693 to €40,769
- Purchases and services +€26,869
up €26,869 (+51.8%), from €51,906 to €78,775
- Taxes -€19,078
down €19,078 (-63.6%), from €30,010 to €10,932
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 | €52,278 | €62,432 | +€10,154 | +19.4% |
| Fixed assets | 21/28 | - | €41,080 | +€41,080 | |
| Tangible fixed assets | 22/27 | - | €41,080 | +€41,080 | |
| Land and buildings | 22 | - | €29,379 | +€29,379 | |
| Plant, machinery and equipment | 23 | - | €11,701 | +€11,701 | |
| Current assets | 29/58 | €52,278 | €21,352 | -€30,926 | -59.2% |
| Stocks and contracts in progress | 3 | €12,000 | €12,000 | = | 0.0% |
| Stocks | 30/36 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,978 | €7,971 | -€20,008 | -71.5% |
| Trade receivables | 40 | €278 | €7,971 | +€7,692 | +2764.0% |
| Other amounts receivable | 41 | €27,700 | - | -€27,700 | |
| Current investments | 50/53 | €11,650 | €1,382 | -€10,268 | -88.1% |
| Deferred charges and accrued income | 490/1 | €650 | - | -€650 | |
| Total equity and liabilities | 10/49 | €52,278 | €62,432 | +€10,154 | +19.4% |
| Equity | 10/15 | €2,039 | €3,003 | +€964 | +47.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39 | €1,003 | +€964 | +2444.6% |
| Amounts payable | 17/49 | €50,239 | €59,429 | +€9,190 | +18.3% |
| Amounts payable after more than one year | 17 | - | €16,284 | +€16,284 | |
| Financial debts | 170/4 | - | €16,284 | +€16,284 | |
| Amounts payable within one year | 42/48 | €50,239 | €43,144 | -€7,094 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,395 | +€9,395 | |
| Trade debts | 44 | €7,708 | €9,908 | +€2,200 | +28.5% |
| Suppliers | 440/4 | €7,708 | €9,908 | +€2,200 | +28.5% |
| Taxes, remuneration and social security | 45 | €42,531 | €21,242 | -€21,289 | -50.1% |
| Taxes | 450/3 | €42,531 | €21,242 | -€21,289 | -50.1% |
| Other amounts payable | 47/48 | - | €2,600 | +€2,600 | |
| Turnover | 70 | €56,600 | €119,544 | +€62,944 | +111.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,906 | €78,775 | +€26,869 | +51.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€99,141 | €1,230 | +€100,371 | |
| Other operating charges | 640/8 | €1,070 | €1,477 | +€407 | +38.0% |
| Gross operating margin | 9900 | €4,693 | €40,769 | +€36,075 | +768.6% |
| Operating profit (loss) | 9901 | €102,764 | €38,061 | -€64,703 | -63.0% |
| Financial income | 75/76B | €5,371 | €460 | -€4,911 | -91.4% |
| Recurring financial income | 75 | €5,371 | €460 | -€4,911 | -91.4% |
| Non-recurring financial income | 76B | €5,371 | €460 | -€4,911 | -91.4% |
| Financial charges | 65/66B | €99 | €625 | +€526 | +530.7% |
| Recurring financial charges | 65 | €99 | €625 | +€526 | +530.7% |
| Profit (loss) for the period before taxes | 9903 | €108,037 | €37,896 | -€70,141 | -64.9% |
| Income taxes | 67/77 | €30,010 | €10,932 | -€19,078 | -63.6% |
| Profit (loss) for the period | 9904 | €78,026 | €26,964 | -€51,062 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,026 | €26,964 | -€51,062 | -65.4% |
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 2 October 2026 via checked.be.