REVALUED: 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.
REVALUED
Largest movements
- Receivables within one year -€122,419
down €122,419 (-63.7%), from €192,115 to €69,697
of which Trade receivables: -€127,245
- Cash +€42,808
up €42,808 (+31.9%), from €134,138 to €176,946
mainly Receivables within one year (+€122,419) and Net result for the year (+€29,812)
- Receivables after one year +€39,500
up €39,500 (+20.6%), from €191,300 to €230,800
- Trade debts -€26,508
down €26,508 (-24.2%), from €109,339 to €82,830
- Profit (loss) carried forward -€24,870
down €24,870 (-100.0%), from €24,870 to €0
- Other debts -€22,640
down €22,640 (-40.4%), from €56,024 to €33,384
- Reserves +€12,683
up €12,683 (+6.9%), from €183,359 to €196,042
- Tax, wage and social debts +€12,263
up €12,263 (+16.7%), from €73,421 to €85,683
- Gross operating margin +€31,591
up €31,591 (+163.0%), from €19,382 to €50,973
- Taxes +€13,455
up €13,455 (+265.7%), from €5,064 to €18,518
- Financial income +€7,339
up €7,339 (+191.8%), from €3,826 to €11,165
- Financial charges +€4,614
up €4,614 (+214.1%), from €2,155 to €6,769
- Other operating charges +€1,967
up €1,967 (+249.2%), from €789 to €2,756
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 | €540,613 | €492,554 | -€48,059 | -8.9% |
| Fixed assets | 21/28 | €15,421 | €12,254 | -€3,167 | -20.5% |
| Tangible fixed assets | 22/27 | €14,421 | €11,254 | -€3,167 | -22.0% |
| Plant, machinery and equipment | 23 | - | €758 | +€758 | |
| Furniture and vehicles | 24 | €14,421 | €10,496 | -€3,925 | -27.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €525,192 | €480,300 | -€44,892 | -8.5% |
| Amounts receivable after more than one year | 29 | €191,300 | €230,800 | +€39,500 | +20.6% |
| Other amounts receivable | 291 | €191,300 | €230,800 | +€39,500 | +20.6% |
| Amounts receivable within one year | 40/41 | €192,115 | €69,697 | -€122,419 | -63.7% |
| Trade receivables | 40 | €174,886 | €47,641 | -€127,245 | -72.8% |
| Other amounts receivable | 41 | €17,230 | €22,056 | +€4,826 | +28.0% |
| Cash at bank and in hand | 54/58 | €134,138 | €176,946 | +€42,808 | +31.9% |
| Deferred charges and accrued income | 490/1 | €7,638 | €2,857 | -€4,781 | -62.6% |
| Total equity and liabilities | 10/49 | €540,613 | €492,554 | -€48,059 | -8.9% |
| Equity | 10/15 | €226,830 | €214,642 | -€12,188 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,359 | €196,042 | +€12,683 | +6.9% |
| Distributable reserves | 133 | €183,359 | €196,042 | +€12,683 | +6.9% |
| Profit (loss) carried forward | 14 | €24,870 | €0 | -€24,870 | -100.0% |
| Amounts payable | 17/49 | €313,783 | €277,912 | -€35,871 | -11.4% |
| Amounts payable within one year | 42/48 | €313,783 | €276,898 | -€36,885 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €109,339 | €82,830 | -€26,508 | -24.2% |
| Suppliers | 440/4 | €109,339 | €82,830 | -€26,508 | -24.2% |
| Taxes, remuneration and social security | 45 | €73,421 | €85,683 | +€12,263 | +16.7% |
| Taxes | 450/3 | €73,421 | €85,683 | +€12,263 | +16.7% |
| Other amounts payable | 47/48 | €56,024 | €33,384 | -€22,640 | -40.4% |
| Accrued charges and deferred income | 492/3 | - | €1,014 | +€1,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,931 | €4,282 | +€351 | +8.9% |
| Other operating charges | 640/8 | €789 | €2,756 | +€1,967 | +249.2% |
| Gross operating margin | 9900 | €19,382 | €50,973 | +€31,591 | +163.0% |
| Operating profit (loss) | 9901 | €14,661 | €43,935 | +€29,273 | +199.7% |
| Financial income | 75/76B | €3,826 | €11,165 | +€7,339 | +191.8% |
| Recurring financial income | 75 | €3,826 | €11,165 | +€7,339 | +191.8% |
| Financial charges | 65/66B | €2,155 | €6,769 | +€4,614 | +214.1% |
| Recurring financial charges | 65 | €2,155 | €6,769 | +€4,614 | +214.1% |
| Profit (loss) for the period before taxes | 9903 | €16,332 | €48,331 | +€31,998 | +195.9% |
| Income taxes | 67/77 | €5,064 | €18,518 | +€13,455 | +265.7% |
| Profit (loss) for the period | 9904 | €11,269 | €29,812 | +€18,544 | +164.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,269 | €29,812 | +€18,544 | +164.6% |
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 8 October 2026 via checked.be.