Scoops: 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.
Scoops
Largest movements
- Receivables within one year +€47,379
up €47,379 (+41.5%), from €114,289 to €161,668
of which Other amounts receivable: +€53,500
- Tangible fixed assets -€17,266
down €17,266 (-23.1%), from €74,893 to €57,627
of which Leasing and similar rights: -€32,148
- Cash -€14,989
down €14,989 (-53.0%), from €28,274 to €13,285
mainly Receivables within one year (-€47,379) and Current portion of long-term debt (-€11,806)
- Deferred charges and accrued income +€3,517
up €3,517 (+63.8%), from €5,517 to €9,034
- Reserves +€20,000
up €20,000 (+10.8%), from €184,904 to €204,904
of which Distributable reserves: +€20,000
- Current portion of long-term debt -€11,806
no longer reported in 2025 (was €11,806)
- Profit (loss) carried forward +€9,463
up €9,463 (+9.3%), from -€102,024 to -€92,561
- Accrued charges and deferred income +€3,958
up €3,958 (+7.7%), from €51,206 to €55,163
- Trade debts -€3,816
down €3,816 (-18.0%), from €21,205 to €17,389
- Gross operating margin -€21,266
down €21,266 (-25.4%), from €83,651 to €62,385
- Write-downs -€5,779
no longer reported in 2025 (was €5,779)
- Taxes +€5,311
up €5,311 (+56.1%), from €9,459 to €14,770
- Depreciation +€4,431
up €4,431 (+29.5%), from €15,033 to €19,464
- Financial income +€2,623
up €2,623 (+80.9%), from €3,242 to €5,865
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 | €223,372 | €242,014 | +€18,642 | +8.3% |
| Fixed assets | 21/28 | €75,293 | €58,027 | -€17,266 | -22.9% |
| Tangible fixed assets | 22/27 | €74,893 | €57,627 | -€17,266 | -23.1% |
| Plant, machinery and equipment | 23 | €337 | €225 | -€112 | -33.3% |
| Furniture and vehicles | 24 | €42,408 | €57,402 | +€14,994 | +35.4% |
| Leasing and similar rights | 25 | €32,148 | - | -€32,148 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €148,079 | €183,987 | +€35,908 | +24.2% |
| Amounts receivable within one year | 40/41 | €114,289 | €161,668 | +€47,379 | +41.5% |
| Trade receivables | 40 | €32,689 | €26,569 | -€6,120 | -18.7% |
| Other amounts receivable | 41 | €81,600 | €135,100 | +€53,500 | +65.6% |
| Cash at bank and in hand | 54/58 | €28,274 | €13,285 | -€14,989 | -53.0% |
| Deferred charges and accrued income | 490/1 | €5,517 | €9,034 | +€3,517 | +63.8% |
| Total equity and liabilities | 10/49 | €223,372 | €242,014 | +€18,642 | +8.3% |
| Equity | 10/15 | €122,880 | €152,343 | +€29,463 | +24.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €184,904 | €204,904 | +€20,000 | +10.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,404 | €83,404 | = | 0.0% |
| Distributable reserves | 133 | €99,500 | €119,500 | +€20,000 | +20.1% |
| Profit (loss) carried forward | 14 | -€102,024 | -€92,561 | +€9,463 | +9.3% |
| Amounts payable | 17/49 | €100,492 | €89,671 | -€10,822 | -10.8% |
| Amounts payable within one year | 42/48 | €49,287 | €34,507 | -€14,779 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €11,806 | - | -€11,806 | |
| Trade debts | 44 | €21,205 | €17,389 | -€3,816 | -18.0% |
| Suppliers | 440/4 | €21,205 | €17,389 | -€3,816 | -18.0% |
| Taxes, remuneration and social security | 45 | €2,842 | €3,734 | +€892 | +31.4% |
| Taxes | 450/3 | €2,842 | €3,734 | +€892 | +31.4% |
| Other amounts payable | 47/48 | €13,434 | €13,384 | -€50 | -0.4% |
| Accrued charges and deferred income | 492/3 | €51,206 | €55,163 | +€3,958 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,033 | €19,464 | +€4,431 | +29.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,779 | - | -€5,779 | |
| Other operating charges | 640/8 | €2,607 | €2,600 | -€8 | -0.3% |
| Gross operating margin | 9900 | €83,651 | €62,385 | -€21,266 | -25.4% |
| Operating profit (loss) | 9901 | €60,231 | €40,321 | -€19,910 | -33.1% |
| Financial income | 75/76B | €3,242 | €5,865 | +€2,623 | +80.9% |
| Recurring financial income | 75 | €3,242 | €5,865 | +€2,623 | +80.9% |
| Financial charges | 65/66B | €1,872 | €1,953 | +€81 | +4.3% |
| Recurring financial charges | 65 | €1,872 | €1,953 | +€81 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €61,601 | €44,233 | -€17,368 | -28.2% |
| Income taxes | 67/77 | €9,459 | €14,770 | +€5,311 | +56.1% |
| Profit (loss) for the period | 9904 | €52,142 | €29,463 | -€22,679 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,142 | €29,463 | -€22,679 | -43.5% |
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.