SALES ETC: what changed
Two financial 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.
SALES ETC
Largest movements
- Tangible fixed assets -€19,876
down €19,876 (-7.8%), from €253,618 to €233,741
of which Furniture and vehicles: -€11,450
- Receivables within one year +€12,816
up €12,816 (+70.4%), from €18,208 to €31,024
of which Trade receivables: +€14,597
- Other debts +€84,327
up €84,327 (+12,349%), from €683 to €85,010
- Reserves -€69,258
down €69,258 (-42.0%), from €165,058 to €95,800
- Debts after one year -€18,691
down €18,691 (-12.8%), from €145,503 to €126,812
- Gross operating margin +€32,045
up €32,045 (+86.3%), from €37,130 to €69,174
- Taxes +€6,553
up €6,553 (+158%), from €4,144 to €10,697
- Depreciation -€3,047
down €3,047 (-13.3%), from €22,923 to €19,876
- Other operating charges +€1,017
up €1,017 (+17.6%), from €5,783 to €6,799
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.
Derived cash bridge
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 | €347,782 | €342,914 | -€4,869 | -1.4% |
| Fixed assets | 21/28 | €253,618 | €233,741 | -€19,876 | -7.8% |
| Tangible fixed assets | 22/27 | €253,618 | €233,741 | -€19,876 | -7.8% |
| Land and buildings | 22 | €224,483 | €217,682 | -€6,801 | -3.0% |
| Furniture and vehicles | 24 | €25,272 | €13,822 | -€11,450 | -45.3% |
| Other tangible fixed assets | 26 | €3,862 | €2,237 | -€1,625 | -42.1% |
| Current assets | 29/58 | €94,165 | €109,172 | +€15,007 | +15.9% |
| Amounts receivable within one year | 40/41 | €18,208 | €31,024 | +€12,816 | +70.4% |
| Trade receivables | 40 | €10,146 | €24,743 | +€14,597 | +144% |
| Other amounts receivable | 41 | €8,062 | €6,281 | -€1,780 | -22.1% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,708 | €7,506 | +€1,797 | +31.5% |
| Deferred charges and accrued income | 490/1 | €249 | €642 | +€394 | +158% |
| Total equity and liabilities | 10/49 | €347,782 | €342,914 | -€4,869 | -1.4% |
| Equity | 10/15 | €171,058 | €101,800 | -€69,258 | -40.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €165,058 | €95,800 | -€69,258 | -42.0% |
| Distributable reserves | 133 | €165,058 | €95,800 | -€69,258 | -42.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €176,725 | €241,113 | +€64,389 | +36.4% |
| Amounts payable after more than one year | 17 | €145,503 | €126,812 | -€18,691 | -12.8% |
| Financial debts | 170/4 | €145,503 | €126,812 | -€18,691 | -12.8% |
| Amounts payable within one year | 42/48 | €31,222 | €114,301 | +€83,080 | +266% |
| Current portion of amounts payable after more than one year | 42 | €18,449 | €18,691 | +€242 | +1.3% |
| Trade debts | 44 | €4,314 | €2,376 | -€1,938 | -44.9% |
| Suppliers | 440/4 | €4,314 | €2,376 | -€1,938 | -44.9% |
| Taxes, remuneration and social security | 45 | €7,776 | €8,224 | +€448 | +5.8% |
| Taxes | 450/3 | €7,776 | €8,224 | +€448 | +5.8% |
| Other amounts payable | 47/48 | €683 | €85,010 | +€84,327 | +12,349% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,923 | €19,876 | -€3,047 | -13.3% |
| Other operating charges | 640/8 | €5,783 | €6,799 | +€1,017 | +17.6% |
| Gross operating margin | 9900 | €37,130 | €69,174 | +€32,045 | +86.3% |
| Operating profit (loss) | 9901 | €8,424 | €42,499 | +€34,075 | +405% |
| Financial income | 75/76B | €1,536 | €1,288 | -€248 | -16.1% |
| Recurring financial income | 75 | €1,536 | €1,288 | -€248 | -16.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,535 | €2,348 | -€187 | -7.4% |
| Recurring financial charges | 65 | €2,535 | €2,348 | -€187 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €7,425 | €41,439 | +€34,014 | +458% |
| Income taxes | 67/77 | €4,144 | €10,697 | +€6,553 | +158% |
| Profit (loss) for the period | 9904 | €3,281 | €30,742 | +€27,461 | +837% |
| Profit (loss) for the period to be appropriated | 9905 | €3,281 | €30,742 | +€27,461 | +837% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.