Reputations: 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.
Reputations
Largest movements
- Cash +€8,307
up €8,307 (+5.2%), from €159,345 to €167,652
mainly Net result for the year (+€19,852) and Trade debts (+€6,723)
- Tangible fixed assets -€5,858
down €5,858 (-6.8%), from €86,183 to €80,325
of which Land and buildings: -€5,096
- Receivables within one year -€5,072
down €5,072 (-11.6%), from €43,702 to €38,631
of which Trade receivables: -€6,150
- Reserves +€19,852
up €19,852 (+19.7%), from €100,792 to €120,643
- Other debts -€11,876
down €11,876 (-16.1%), from €73,582 to €61,707
- Debts after one year -€11,580
down €11,580 (-16.8%), from €68,737 to €57,158
- Trade debts +€6,723
up €6,723 (+550.5%), from €1,221 to €7,944
- Tax, wage and social debts -€4,932
down €4,932 (-28.3%), from €17,405 to €12,473
of which Remuneration and social security: -€10,235
- Staff costs -€89,249
down €89,249, from €78,501 to -€10,748
- Gross operating margin -€83,156
down €83,156 (-73.4%), from €113,337 to €30,180
- Taxes +€5,997
up €5,997 (+120.2%), from €4,988 to €10,985
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 | €293,226 | €290,097 | -€3,130 | -1.1% |
| Fixed assets | 21/28 | €86,183 | €80,325 | -€5,858 | -6.8% |
| Tangible fixed assets | 22/27 | €86,183 | €80,325 | -€5,858 | -6.8% |
| Land and buildings | 22 | €84,653 | €79,557 | -€5,096 | -6.0% |
| Furniture and vehicles | 24 | €1,529 | €768 | -€762 | -49.8% |
| Current assets | 29/58 | €207,044 | €209,772 | +€2,728 | +1.3% |
| Stocks and contracts in progress | 3 | €3,893 | €3,022 | -€871 | -22.4% |
| Stocks | 30/36 | €3,893 | €3,022 | -€871 | -22.4% |
| Amounts receivable within one year | 40/41 | €43,702 | €38,631 | -€5,072 | -11.6% |
| Trade receivables | 40 | €43,702 | €37,552 | -€6,150 | -14.1% |
| Other amounts receivable | 41 | - | €1,078 | +€1,078 | |
| Cash at bank and in hand | 54/58 | €159,345 | €167,652 | +€8,307 | +5.2% |
| Deferred charges and accrued income | 490/1 | €104 | €467 | +€364 | +351.3% |
| Total equity and liabilities | 10/49 | €293,226 | €290,097 | -€3,130 | -1.1% |
| Equity | 10/15 | €119,384 | €139,235 | +€19,852 | +16.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €100,792 | €120,643 | +€19,852 | +19.7% |
| Distributable reserves | 133 | €100,792 | €120,643 | +€19,852 | +19.7% |
| Amounts payable | 17/49 | €173,843 | €150,861 | -€22,981 | -13.2% |
| Amounts payable after more than one year | 17 | €68,737 | €57,158 | -€11,580 | -16.8% |
| Financial debts | 170/4 | €68,737 | €57,158 | -€11,580 | -16.8% |
| Amounts payable within one year | 42/48 | €103,563 | €93,704 | -€9,859 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €11,354 | €11,580 | +€226 | +2.0% |
| Trade debts | 44 | €1,221 | €7,944 | +€6,723 | +550.5% |
| Suppliers | 440/4 | €1,221 | €7,944 | +€6,723 | +550.5% |
| Taxes, remuneration and social security | 45 | €17,405 | €12,473 | -€4,932 | -28.3% |
| Taxes | 450/3 | €7,171 | €12,473 | +€5,303 | +73.9% |
| Remuneration and social security | 454/9 | €10,235 | - | -€10,235 | |
| Other amounts payable | 47/48 | €73,582 | €61,707 | -€11,876 | -16.1% |
| Accrued charges and deferred income | 492/3 | €1,542 | - | -€1,542 | |
| Remuneration, social security and pensions | 62 | €78,501 | -€10,748 | -€89,249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,429 | €5,858 | -€571 | -8.9% |
| Other operating charges | 640/8 | €2,469 | €2,538 | +€70 | +2.8% |
| Gross operating margin | 9900 | €113,337 | €30,180 | -€83,156 | -73.4% |
| Operating profit (loss) | 9901 | €25,938 | €32,532 | +€6,594 | +25.4% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €2,337 | €1,696 | -€641 | -27.4% |
| Recurring financial charges | 65 | €2,337 | €1,696 | -€641 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €23,625 | €30,837 | +€7,211 | +30.5% |
| Income taxes | 67/77 | €4,988 | €10,985 | +€5,997 | +120.2% |
| Profit (loss) for the period | 9904 | €18,637 | €19,852 | +€1,215 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,637 | €19,852 | +€1,215 | +6.5% |
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.