RELOOKING: 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.
RELOOKING
Largest movements
- Tangible fixed assets -€11,275
down €11,275 (-12.8%), from €88,361 to €77,086
of which Plant, machinery and equipment: -€8,385
- Receivables within one year +€5,735
up €5,735 (+24.1%), from €23,809 to €29,543
of which Other amounts receivable: +€7,190
- Other debts -€15,631
down €15,631 (-16.5%), from €94,773 to €79,142
- Trade debts +€11,714
up €11,714 (+170.3%), from €6,879 to €18,593
- Tax, wage and social debts -€1,582
down €1,582 (-5.9%), from €26,711 to €25,129
of which Taxes: -€3,197
- Staff costs -€1,532
down €1,532 (-3.8%), from €40,298 to €38,766
- Gross operating margin +€1,287
up €1,287 (+2.0%), from €63,413 to €64,700
- Taxes -€985
down €985 (-49.6%), from €1,988 to €1,003
- Other operating charges -€931
down €931 (-44.3%), from €2,104 to €1,173
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 | €140,068 | €135,505 | -€4,564 | -3.3% |
| Fixed assets | 21/28 | €88,476 | €77,201 | -€11,275 | -12.7% |
| Tangible fixed assets | 22/27 | €88,361 | €77,086 | -€11,275 | -12.8% |
| Plant, machinery and equipment | 23 | €71,483 | €63,098 | -€8,385 | -11.7% |
| Furniture and vehicles | 24 | €358 | €58 | -€300 | -83.7% |
| Other tangible fixed assets | 26 | €16,520 | €13,929 | -€2,590 | -15.7% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €51,592 | €58,304 | +€6,711 | +13.0% |
| Amounts receivable within one year | 40/41 | €23,809 | €29,543 | +€5,735 | +24.1% |
| Trade receivables | 40 | €15,387 | €13,931 | -€1,456 | -9.5% |
| Other amounts receivable | 41 | €8,422 | €15,612 | +€7,190 | +85.4% |
| Cash at bank and in hand | 54/58 | €26,485 | €26,603 | +€118 | +0.4% |
| Deferred charges and accrued income | 490/1 | €1,299 | €2,157 | +€859 | +66.1% |
| Total equity and liabilities | 10/49 | €140,068 | €135,505 | -€4,564 | -3.3% |
| Equity | 10/15 | €11,706 | €12,641 | +€935 | +8.0% |
| Contributions | 10/11 | €14,018 | €14,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,312 | -€1,377 | +€935 | +40.4% |
| Amounts payable | 17/49 | €128,363 | €122,864 | -€5,499 | -4.3% |
| Amounts payable within one year | 42/48 | €128,363 | €122,864 | -€5,499 | -4.3% |
| Trade debts | 44 | €6,879 | €18,593 | +€11,714 | +170.3% |
| Suppliers | 440/4 | €6,879 | €18,593 | +€11,714 | +170.3% |
| Taxes, remuneration and social security | 45 | €26,711 | €25,129 | -€1,582 | -5.9% |
| Taxes | 450/3 | €7,109 | €3,912 | -€3,197 | -45.0% |
| Remuneration and social security | 454/9 | €19,602 | €21,217 | +€1,615 | +8.2% |
| Other amounts payable | 47/48 | €94,773 | €79,142 | -€15,631 | -16.5% |
| Remuneration, social security and pensions | 62 | €40,298 | €38,766 | -€1,532 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,275 | €11,275 | = | 0.0% |
| Other operating charges | 640/8 | €2,104 | €1,173 | -€931 | -44.3% |
| Non-recurring operating charges | 66A | €118 | €7,479 | +€7,361 | +6248.7% |
| Gross operating margin | 9900 | €63,413 | €64,700 | +€1,287 | +2.0% |
| Operating profit (loss) | 9901 | €9,618 | €6,008 | -€3,610 | -37.5% |
| Financial income | 75/76B | €77 | €16 | -€61 | -79.2% |
| Recurring financial income | 75 | €77 | €16 | -€61 | -79.2% |
| Financial charges | 65/66B | €3,853 | €4,086 | +€233 | +6.1% |
| Recurring financial charges | 65 | €3,853 | €4,086 | +€233 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €5,842 | €1,938 | -€3,905 | -66.8% |
| Income taxes | 67/77 | €1,988 | €1,003 | -€985 | -49.6% |
| Profit (loss) for the period | 9904 | €3,854 | €935 | -€2,919 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,854 | €935 | -€2,919 | -75.7% |
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 30 September 2026 via checked.be.