REQUESTFOCUS: 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.
REQUESTFOCUS
Largest movements
- Cash -€28,599
down €28,599 (-14.9%), from €192,514 to €163,915
mainly Contributions, distributions and other (-€33,500) and Receivables within one year (-€18,726)
- Receivables within one year +€18,726
up €18,726 (+15.3%), from €122,745 to €141,470
of which Trade receivables: +€19,047
- Other debts -€9,852
down €9,852 (-33.0%), from €29,839 to €19,987
- Tax, wage and social debts +€4,939
up €4,939 (+28.9%), from €17,121 to €22,060
- Gross operating margin +€23,349
up €23,349 (+69.7%), from €33,522 to €56,871
- Taxes +€8,191
up €8,191 (+101.7%), from €8,052 to €16,243
- Depreciation -€2,470
down €2,470 (-27.6%), from €8,953 to €6,483
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 | €332,063 | €321,706 | -€10,358 | -3.1% |
| Fixed assets | 21/28 | €15,246 | €14,418 | -€829 | -5.4% |
| Tangible fixed assets | 22/27 | €15,221 | €14,393 | -€829 | -5.4% |
| Plant, machinery and equipment | 23 | €4,393 | €2,808 | -€1,585 | -36.1% |
| Furniture and vehicles | 24 | €7,232 | €4,277 | -€2,955 | -40.9% |
| Other tangible fixed assets | 26 | €3,596 | €7,307 | +€3,711 | +103.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €316,817 | €307,288 | -€9,529 | -3.0% |
| Amounts receivable within one year | 40/41 | €122,745 | €141,470 | +€18,726 | +15.3% |
| Trade receivables | 40 | €122,417 | €141,464 | +€19,047 | +15.6% |
| Other amounts receivable | 41 | €327 | €6 | -€321 | -98.1% |
| Cash at bank and in hand | 54/58 | €192,514 | €163,915 | -€28,599 | -14.9% |
| Deferred charges and accrued income | 490/1 | €1,558 | €1,903 | +€344 | +22.1% |
| Total equity and liabilities | 10/49 | €332,063 | €321,706 | -€10,358 | -3.1% |
| Equity | 10/15 | €279,764 | €276,608 | -€3,157 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €259,760 | €258,008 | -€1,752 | -0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,900 | €46,900 | = | 0.0% |
| Distributable reserves | 133 | €211,000 | €209,248 | -€1,752 | -0.8% |
| Profit (loss) carried forward | 14 | €1,404 | €0 | -€1,404 | -100.0% |
| Amounts payable | 17/49 | €52,299 | €45,098 | -€7,201 | -13.8% |
| Amounts payable within one year | 42/48 | €52,299 | €45,098 | -€7,201 | -13.8% |
| Trade debts | 44 | €5,339 | €3,051 | -€2,289 | -42.9% |
| Suppliers | 440/4 | €5,339 | €3,051 | -€2,289 | -42.9% |
| Taxes, remuneration and social security | 45 | €17,121 | €22,060 | +€4,939 | +28.9% |
| Taxes | 450/3 | €17,121 | €22,060 | +€4,939 | +28.9% |
| Other amounts payable | 47/48 | €29,839 | €19,987 | -€9,852 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,953 | €6,483 | -€2,470 | -27.6% |
| Other operating charges | 640/8 | €291 | €200 | -€91 | -31.3% |
| Non-recurring operating charges | 66A | - | €2,998 | +€2,998 | |
| Gross operating margin | 9900 | €33,522 | €56,871 | +€23,349 | +69.7% |
| Operating profit (loss) | 9901 | €24,278 | €47,191 | +€22,912 | +94.4% |
| Financial income | 75/76B | €103 | €141 | +€37 | +35.9% |
| Recurring financial income | 75 | €103 | €141 | +€37 | +35.9% |
| Financial charges | 65/66B | €314 | €744 | +€431 | +137.4% |
| Recurring financial charges | 65 | €314 | €744 | +€431 | +137.4% |
| Profit (loss) for the period before taxes | 9903 | €24,068 | €46,587 | +€22,519 | +93.6% |
| Income taxes | 67/77 | €8,052 | €16,243 | +€8,191 | +101.7% |
| Profit (loss) for the period | 9904 | €16,016 | €30,343 | +€14,327 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,016 | €30,343 | +€14,327 | +89.5% |
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 5 October 2026 via checked.be.