RESULT CONSULT: 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.
RESULT CONSULT
Largest movements
- Cash -€77,555
down €77,555 (-61.8%), from €125,547 to €47,992
mainly Trade debts (-€124,121) and Investment in fixed assets (net) (-€74,177)
- Receivables within one year +€23,145
up €23,145 (+6.5%), from €354,707 to €377,851
of which Trade receivables: +€49,464
- Trade debts -€124,121
down €124,121 (-57.9%), from €214,482 to €90,361
- Tax, wage and social debts +€33,480
up €33,480 (+136.2%), from €24,577 to €58,057
of which Taxes: +€37,566
- Reserves +€25,958
up €25,958 (+6.6%), from €394,925 to €420,883
- Other debts +€10,465
up €10,465 (+3.6%), from €287,633 to €298,098
- Gross operating margin -€25,129
down €25,129 (-10.9%), from €230,318 to €205,189
- Depreciation +€11,323
up €11,323 (+17.2%), from €65,764 to €77,087
- Other operating charges +€7,578
up €7,578 (+131.0%), from €5,786 to €13,363
- Staff costs -€4,146
down €4,146 (-6.0%), from €69,652 to €65,506
- Financial charges +€3,980
up €3,980 (+21.8%), from €18,243 to €22,223
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 | €1,024,937 | €974,643 | -€50,294 | -4.9% |
| Fixed assets | 21/28 | €536,919 | €534,009 | -€2,910 | -0.5% |
| Tangible fixed assets | 22/27 | €536,919 | €534,009 | -€2,910 | -0.5% |
| Land and buildings | 22 | €408,512 | €395,259 | -€13,252 | -3.2% |
| Plant, machinery and equipment | 23 | €21,125 | €18,174 | -€2,951 | -14.0% |
| Furniture and vehicles | 24 | €107,282 | €120,576 | +€13,294 | +12.4% |
| Current assets | 29/58 | €488,018 | €440,634 | -€47,384 | -9.7% |
| Amounts receivable within one year | 40/41 | €354,707 | €377,851 | +€23,145 | +6.5% |
| Trade receivables | 40 | €321,610 | €371,075 | +€49,464 | +15.4% |
| Other amounts receivable | 41 | €33,096 | €6,777 | -€26,320 | -79.5% |
| Cash at bank and in hand | 54/58 | €125,547 | €47,992 | -€77,555 | -61.8% |
| Deferred charges and accrued income | 490/1 | €7,765 | €14,791 | +€7,027 | +90.5% |
| Total equity and liabilities | 10/49 | €1,024,937 | €974,643 | -€50,294 | -4.9% |
| Equity | 10/15 | €481,125 | €507,083 | +€25,958 | +5.4% |
| Contributions | 10/11 | €86,200 | €86,200 | = | 0.0% |
| Reserves | 13 | €394,925 | €420,883 | +€25,958 | +6.6% |
| Distributable reserves | 133 | €394,925 | €420,883 | +€25,958 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €543,812 | €467,560 | -€76,252 | -14.0% |
| Amounts payable within one year | 42/48 | €526,692 | €446,516 | -€80,176 | -15.2% |
| Trade debts | 44 | €214,482 | €90,361 | -€124,121 | -57.9% |
| Suppliers | 440/4 | €214,482 | €90,361 | -€124,121 | -57.9% |
| Taxes, remuneration and social security | 45 | €24,577 | €58,057 | +€33,480 | +136.2% |
| Taxes | 450/3 | €8,336 | €45,902 | +€37,566 | +450.7% |
| Remuneration and social security | 454/9 | €16,241 | €12,155 | -€4,086 | -25.2% |
| Other amounts payable | 47/48 | €287,633 | €298,098 | +€10,465 | +3.6% |
| Accrued charges and deferred income | 492/3 | €17,121 | €21,045 | +€3,924 | +22.9% |
| Non-recurring operating income | 76A | - | €5,023 | +€5,023 | |
| Remuneration, social security and pensions | 62 | €69,652 | €65,506 | -€4,146 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,764 | €77,087 | +€11,323 | +17.2% |
| Other operating charges | 640/8 | €5,786 | €13,363 | +€7,578 | +131.0% |
| Gross operating margin | 9900 | €230,318 | €205,189 | -€25,129 | -10.9% |
| Operating profit (loss) | 9901 | €89,116 | €49,232 | -€39,884 | -44.8% |
| Financial income | 75/76B | - | €2,211 | +€2,211 | |
| Recurring financial income | 75 | - | €2,211 | +€2,211 | |
| Financial charges | 65/66B | €18,243 | €22,223 | +€3,980 | +21.8% |
| Recurring financial charges | 65 | €18,243 | €22,223 | +€3,980 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €70,873 | €29,220 | -€41,652 | -58.8% |
| Income taxes | 67/77 | €6,904 | €3,262 | -€3,641 | -52.7% |
| Profit (loss) for the period | 9904 | €63,969 | €25,958 | -€38,011 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,969 | €25,958 | -€38,011 | -59.4% |
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 4 October 2026 via checked.be.