RED SPOT: what changed
Two financial 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 SPOT
Largest movements
- Receivables within one year -€13,140
down €13,140 (-56.0%), from €23,466 to €10,326
of which Trade receivables: -€11,915
- Stocks and contracts +€11,483
up €11,483 (+450%), from €2,554 to €14,037
of which Contracts in progress: +€12,073
- Cash -€4,531
down €4,531 (-73.3%), from €6,183 to €1,652
mainly Stocks and contracts (-€11,483) and Other debts (-€6,726)
- Tangible fixed assets -€1,085
down €1,085 (-20.5%), from €5,305 to €4,220
of which Land and buildings: -€1,073
- Other debts -€6,726
down €6,726 (-61.0%), from €11,022 to €4,296
- Tax, wage and social debts -€1,874
down €1,874 (-17.0%), from €11,031 to €9,157
of which Taxes: -€1,874
- Profit (loss) carried forward +€1,586
up €1,586 (+20.1%), from -€7,881 to -€6,295
- Debts after one year -€886
down €886 (-37.3%), from €2,377 to €1,491
- Trade debts +€511
up €511 (+4.2%), from €12,179 to €12,690
- Taxes -€4,194
down €4,194 (-82.6%), from €5,078 to €884
- Gross operating margin +€2,877
up €2,877 (+76.4%), from €3,767 to €6,644
- Depreciation -€1,805
down €1,805 (-37.8%), from €4,781 to €2,976
- Other operating charges -€331
down €331 (-36.5%), from €908 to €577
- Financial charges +€184
up €184 (+41.8%), from €440 to €624
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.
Derived cash bridge
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 | €37,558 | €30,285 | -€7,273 | -19.4% |
| Fixed assets | 21/28 | €5,355 | €4,270 | -€1,085 | -20.3% |
| Tangible fixed assets | 22/27 | €5,305 | €4,220 | -€1,085 | -20.5% |
| Land and buildings | 22 | €2,170 | €1,097 | -€1,073 | -49.4% |
| Plant, machinery and equipment | 23 | - | €1,796 | +€1,796 | |
| Furniture and vehicles | 24 | €920 | - | -€920 | |
| Leasing and similar rights | 25 | €2,215 | €1,327 | -€888 | -40.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €32,203 | €26,015 | -€6,188 | -19.2% |
| Stocks and contracts in progress | 3 | €2,554 | €14,037 | +€11,483 | +450% |
| Stocks | 30/36 | €1,627 | €1,037 | -€590 | -36.3% |
| Contracts in progress | 37 | €927 | €13,000 | +€12,073 | +1,302% |
| Amounts receivable within one year | 40/41 | €23,466 | €10,326 | -€13,140 | -56.0% |
| Trade receivables | 40 | €21,678 | €9,763 | -€11,915 | -55.0% |
| Other amounts receivable | 41 | €1,788 | €563 | -€1,225 | -68.5% |
| Cash at bank and in hand | 54/58 | €6,183 | €1,652 | -€4,531 | -73.3% |
| Total equity and liabilities | 10/49 | €37,558 | €30,285 | -€7,273 | -19.4% |
| Equity | 10/15 | €179 | €1,765 | +€1,586 | +886% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,881 | -€6,295 | +€1,586 | +20.1% |
| Amounts payable | 17/49 | €37,379 | €28,520 | -€8,859 | -23.7% |
| Amounts payable after more than one year | 17 | €2,377 | €1,491 | -€886 | -37.3% |
| Financial debts | 170/4 | €2,377 | €1,491 | -€886 | -37.3% |
| Amounts payable within one year | 42/48 | €35,002 | €27,029 | -€7,973 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €770 | €886 | +€116 | +15.1% |
| Trade debts | 44 | €12,179 | €12,690 | +€511 | +4.2% |
| Suppliers | 440/4 | €12,179 | €12,690 | +€511 | +4.2% |
| Taxes, remuneration and social security | 45 | €11,031 | €9,157 | -€1,874 | -17.0% |
| Taxes | 450/3 | €1,874 | - | -€1,874 | |
| Remuneration and social security | 454/9 | €9,157 | €9,157 | = | 0.0% |
| Other amounts payable | 47/48 | €11,022 | €4,296 | -€6,726 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,781 | €2,976 | -€1,805 | -37.8% |
| Other operating charges | 640/8 | €908 | €577 | -€331 | -36.5% |
| Gross operating margin | 9900 | €3,767 | €6,644 | +€2,877 | +76.4% |
| Operating profit (loss) | 9901 | -€1,922 | €3,091 | +€5,013 | |
| Financial income | 75/76B | €5 | €3 | -€2 | -40.0% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -40.0% |
| Financial charges | 65/66B | €440 | €624 | +€184 | +41.8% |
| Recurring financial charges | 65 | €440 | €624 | +€184 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,357 | €2,470 | +€4,827 | |
| Income taxes | 67/77 | €5,078 | €884 | -€4,194 | -82.6% |
| Profit (loss) for the period | 9904 | -€7,435 | €1,586 | +€9,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,435 | €1,586 | +€9,021 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.