RED ANIMALS: 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.
RED ANIMALS
Largest movements
- Cash +€42,015
up €42,015 (+16.0%), from €262,486 to €304,502
mainly Net result for the year (+€62,421) and Tax, wage and social debts (+€18,193)
- Stocks and contracts +€23,145
up €23,145 (+16.9%), from €137,186 to €160,330
- Tangible fixed assets +€11,363
up €11,363 (+17.6%), from €64,676 to €76,039
of which Land and buildings: +€10,586
- Profit (loss) carried forward +€62,421
up €62,421 (+54.9%), from €113,676 to €176,097
- Tax, wage and social debts +€18,193
up €18,193 (+134.9%), from €13,490 to €31,683
- Debts after one year -€11,760
down €11,760 (-39.0%), from €30,175 to €18,415
- Gross operating margin +€45,155
up €45,155 (+74.4%), from €60,731 to €105,886
- Taxes +€14,656
up €14,656 (+173.7%), from €8,437 to €23,093
- Depreciation +€1,917
up €1,917 (+13.6%), from €14,050 to €15,967
- Other operating charges -€1,612
down €1,612 (-55.6%), from €2,901 to €1,289
- Financial charges -€1,111
down €1,111 (-35.5%), from €3,127 to €2,016
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 | €523,298 | €594,305 | +€71,007 | +13.6% |
| Fixed assets | 21/28 | €64,676 | €76,039 | +€11,363 | +17.6% |
| Tangible fixed assets | 22/27 | €64,676 | €76,039 | +€11,363 | +17.6% |
| Land and buildings | 22 | €20,143 | €30,728 | +€10,586 | +52.6% |
| Furniture and vehicles | 24 | €44,534 | €45,310 | +€777 | +1.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €458,622 | €518,266 | +€59,644 | +13.0% |
| Stocks and contracts in progress | 3 | €137,186 | €160,330 | +€23,145 | +16.9% |
| Stocks | 30/36 | €137,186 | €160,330 | +€23,145 | +16.9% |
| Amounts receivable within one year | 40/41 | €57,909 | €52,343 | -€5,567 | -9.6% |
| Trade receivables | 40 | €57,352 | €48,540 | -€8,812 | -15.4% |
| Other amounts receivable | 41 | €558 | €3,803 | +€3,245 | +582.1% |
| Cash at bank and in hand | 54/58 | €262,486 | €304,502 | +€42,015 | +16.0% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,091 | +€51 | +4.9% |
| Total equity and liabilities | 10/49 | €523,298 | €594,305 | +€71,007 | +13.6% |
| Equity | 10/15 | €213,676 | €276,097 | +€62,421 | +29.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,676 | €176,097 | +€62,421 | +54.9% |
| Amounts payable | 17/49 | €309,622 | €318,208 | +€8,586 | +2.8% |
| Amounts payable after more than one year | 17 | €30,175 | €18,415 | -€11,760 | -39.0% |
| Financial debts | 170/4 | €30,175 | €18,415 | -€11,760 | -39.0% |
| Amounts payable within one year | 42/48 | €279,448 | €299,794 | +€20,346 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €11,364 | €11,760 | +€397 | +3.5% |
| Trade debts | 44 | €19,421 | €19,640 | +€219 | +1.1% |
| Suppliers | 440/4 | €19,421 | €19,640 | +€219 | +1.1% |
| Advances received on contracts in progress | 46 | €534 | €213 | -€321 | -60.2% |
| Taxes, remuneration and social security | 45 | €13,490 | €31,683 | +€18,193 | +134.9% |
| Taxes | 450/3 | €13,490 | €31,683 | +€18,193 | +134.9% |
| Other amounts payable | 47/48 | €234,638 | €236,498 | +€1,859 | +0.8% |
| Remuneration, social security and pensions | 62 | €1,103 | €1,124 | +€20 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,050 | €15,967 | +€1,917 | +13.6% |
| Other operating charges | 640/8 | €2,901 | €1,289 | -€1,612 | -55.6% |
| Non-recurring operating charges | 66A | - | €41 | +€41 | |
| Gross operating margin | 9900 | €60,731 | €105,886 | +€45,155 | +74.4% |
| Operating profit (loss) | 9901 | €42,676 | €87,465 | +€44,789 | +104.9% |
| Financial income | 75/76B | €595 | €66 | -€529 | -89.0% |
| Recurring financial income | 75 | €595 | €66 | -€529 | -89.0% |
| Financial charges | 65/66B | €3,127 | €2,016 | -€1,111 | -35.5% |
| Recurring financial charges | 65 | €3,127 | €2,016 | -€1,111 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €40,144 | €85,514 | +€45,370 | +113.0% |
| Income taxes | 67/77 | €8,437 | €23,093 | +€14,656 | +173.7% |
| Profit (loss) for the period | 9904 | €31,706 | €62,421 | +€30,715 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,706 | €62,421 | +€30,715 | +96.9% |
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 7 October 2026 via checked.be.