SalesUp: 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.
SalesUp
Largest movements
- Tangible fixed assets +€220,093
up €220,093 (+191.0%), from €115,231 to €335,324
of which Assets under construction and advance payments: +€250,000
- Receivables within one year +€120,502
up €120,502 (+28.2%), from €427,788 to €548,290
of which Trade receivables: +€75,540
- Cash -€82,329
down €82,329 (-34.2%), from €240,724 to €158,395
mainly Investment in fixed assets (net) (-€396,185) and Receivables within one year (-€120,502)
- Trade debts +€399,194
up €399,194 (+160.4%), from €248,831 to €648,025
- Debts after one year -€118,532
down €118,532 (-57.2%), from €207,186 to €88,654
of which Trade debts: -€70,000
- Profit (loss) carried forward -€83,630
down €83,630 (-17.0%), from €492,185 to €408,555
- Current portion of long-term debt +€73,384
up €73,384 (+75.9%), from €96,632 to €170,016
- Tax, wage and social debts +€33,341
up €33,341 (+25.7%), from €129,764 to €163,105
of which Taxes: +€46,193
- Staff costs +€178,675
up €178,675 (+18.9%), from €944,226 to €1.1m
- Gross operating margin -€58,541
down €58,541 (-4.5%), from €1.3m to €1.2m
- Taxes -€51,041
down €51,041 (-99.0%), from €51,561 to €520
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 | €1,407,881 | €1,684,410 | +€276,528 | +19.6% |
| Fixed assets | 21/28 | €440,767 | €678,607 | +€237,840 | +54.0% |
| Intangible fixed assets | 21 | €315,936 | €318,683 | +€2,746 | +0.9% |
| Tangible fixed assets | 22/27 | €115,231 | €335,324 | +€220,093 | +191.0% |
| Plant, machinery and equipment | 23 | €53,675 | €42,568 | -€11,108 | -20.7% |
| Furniture and vehicles | 24 | €26,709 | €16,077 | -€10,632 | -39.8% |
| Other tangible fixed assets | 26 | €34,847 | €26,680 | -€8,167 | -23.4% |
| Assets under construction and advance payments | 27 | - | €250,000 | +€250,000 | |
| Financial fixed assets | 28 | €9,600 | €24,600 | +€15,000 | +156.3% |
| Current assets | 29/58 | €967,114 | €1,005,803 | +€38,688 | +4.0% |
| Amounts receivable after more than one year | 29 | €7,800 | €7,800 | = | 0.0% |
| Other amounts receivable | 291 | €7,800 | €7,800 | = | 0.0% |
| Stocks and contracts in progress | 3 | €86,252 | €71,250 | -€15,002 | -17.4% |
| Stocks | 30/36 | €86,252 | €71,250 | -€15,002 | -17.4% |
| Amounts receivable within one year | 40/41 | €427,788 | €548,290 | +€120,502 | +28.2% |
| Trade receivables | 40 | €388,341 | €463,881 | +€75,540 | +19.5% |
| Other amounts receivable | 41 | €39,447 | €84,410 | +€44,962 | +114.0% |
| Current investments | 50/53 | €150,000 | €154,000 | +€4,000 | +2.7% |
| Cash at bank and in hand | 54/58 | €240,724 | €158,395 | -€82,329 | -34.2% |
| Deferred charges and accrued income | 490/1 | €54,550 | €66,067 | +€11,517 | +21.1% |
| Total equity and liabilities | 10/49 | €1,407,881 | €1,684,410 | +€276,528 | +19.6% |
| Equity | 10/15 | €660,670 | €577,040 | -€83,630 | -12.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €138,485 | €138,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €135,485 | €135,485 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €492,185 | €408,555 | -€83,630 | -17.0% |
| Provisions and deferred taxes | 16 | €31,187 | €31,187 | = | 0.0% |
| Deferred taxes | 168 | €31,187 | €31,187 | = | 0.0% |
| Amounts payable | 17/49 | €716,025 | €1,076,183 | +€360,158 | +50.3% |
| Amounts payable after more than one year | 17 | €207,186 | €88,654 | -€118,532 | -57.2% |
| Financial debts | 170/4 | €123,186 | €74,654 | -€48,532 | -39.4% |
| Trade debts | 175 | €84,000 | €14,000 | -€70,000 | -83.3% |
| Amounts payable within one year | 42/48 | €491,931 | €987,072 | +€495,142 | +100.7% |
| Current portion of amounts payable after more than one year | 42 | €96,632 | €170,016 | +€73,384 | +75.9% |
| Financial debts | 43 | €1,947 | €0 | -€1,947 | -100.0% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €1,947 | - | -€1,947 | |
| Trade debts | 44 | €248,831 | €648,025 | +€399,194 | +160.4% |
| Suppliers | 440/4 | €248,831 | €648,025 | +€399,194 | +160.4% |
| Taxes, remuneration and social security | 45 | €129,764 | €163,105 | +€33,341 | +25.7% |
| Taxes | 450/3 | €31,196 | €77,389 | +€46,193 | +148.1% |
| Remuneration and social security | 454/9 | €98,568 | €85,716 | -€12,852 | -13.0% |
| Other amounts payable | 47/48 | €14,756 | €5,926 | -€8,831 | -59.8% |
| Accrued charges and deferred income | 492/3 | €16,908 | €456 | -€16,452 | -97.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €944,226 | €1,122,901 | +€178,675 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,618 | €158,345 | -€1,273 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,155 | €5,178 | +€4,023 | +348.3% |
| Other operating charges | 640/8 | €10,628 | €5,068 | -€5,560 | -52.3% |
| Non-recurring operating charges | 66A | €6,637 | €16,618 | +€9,981 | +150.4% |
| Gross operating margin | 9900 | €1,290,180 | €1,231,639 | -€58,541 | -4.5% |
| Operating profit (loss) | 9901 | €167,916 | -€76,471 | -€244,387 | |
| Financial income | 75/76B | €2,144 | €8,046 | +€5,902 | +275.3% |
| Recurring financial income | 75 | €2,144 | €8,046 | +€5,902 | +275.3% |
| Financial charges | 65/66B | €14,072 | €14,685 | +€614 | +4.4% |
| Recurring financial charges | 65 | €14,072 | €14,685 | +€614 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €155,989 | -€83,111 | -€239,099 | |
| Income taxes | 67/77 | €51,561 | €520 | -€51,041 | -99.0% |
| Profit (loss) for the period | 9904 | €104,428 | -€83,630 | -€188,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,428 | -€83,630 | -€188,058 |
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 6 October 2026 via checked.be.