SCOPE CONCEPTS: 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.
SCOPE CONCEPTS
Largest movements
- Cash +€27,004
up €27,004 (+82.8%), from €32,604 to €59,607
mainly Stocks and contracts (+€18,012) and Net result for the year (+€13,038)
- Stocks and contracts -€18,012
down €18,012 (-89.9%), from €20,042 to €2,030
of which Contracts in progress: -€16,860
- Receivables within one year +€4,249
up €4,249 (+34.3%), from €12,383 to €16,632
of which Trade receivables: +€3,691
- Tangible fixed assets +€3,955
up €3,955 (+24.7%), from €16,002 to €19,958
of which Plant, machinery and equipment: +€6,419
- Financial fixed assets -€1,000
no longer reported in 2025 (was €1,000)
- Reserves +€13,038
up €13,038 (+43.1%), from €30,285 to €43,323
of which Distributable reserves: +€13,038
- Trade debts +€9,994
up €9,994 (+59.6%), from €16,759 to €26,753
- Debts after one year -€4,370
down €4,370 (-37.4%), from €11,690 to €7,320
- Current portion of long-term debt -€2,585
down €2,585 (-37.2%), from €6,955 to €4,370
- Tax, wage and social debts +€988
up €988 (+137.7%), from €717 to €1,705
- Gross operating margin +€11,239
up €11,239 (+61.8%), from €18,177 to €29,415
- Taxes +€3,361
up €3,361 (+168.3%), from €1,997 to €5,358
- Depreciation -€1,758
down €1,758 (-17.4%), from €10,114 to €8,356
- Financial charges +€640
up €640 (+53.3%), from €1,200 to €1,840
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 | €82,031 | €98,227 | +€16,196 | +19.7% |
| Fixed assets | 21/28 | €17,002 | €19,958 | +€2,955 | +17.4% |
| Tangible fixed assets | 22/27 | €16,002 | €19,958 | +€3,955 | +24.7% |
| Plant, machinery and equipment | 23 | €13,539 | €19,958 | +€6,419 | +47.4% |
| Furniture and vehicles | 24 | €2,464 | - | -€2,464 | |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €65,029 | €78,270 | +€13,241 | +20.4% |
| Stocks and contracts in progress | 3 | €20,042 | €2,030 | -€18,012 | -89.9% |
| Stocks | 30/36 | €2,162 | €1,010 | -€1,152 | -53.3% |
| Contracts in progress | 37 | €17,880 | €1,020 | -€16,860 | -94.3% |
| Amounts receivable within one year | 40/41 | €12,383 | €16,632 | +€4,249 | +34.3% |
| Trade receivables | 40 | €8,570 | €12,261 | +€3,691 | +43.1% |
| Other amounts receivable | 41 | €3,813 | €4,371 | +€558 | +14.6% |
| Cash at bank and in hand | 54/58 | €32,604 | €59,607 | +€27,004 | +82.8% |
| Total equity and liabilities | 10/49 | €82,031 | €98,227 | +€16,196 | +19.7% |
| Equity | 10/15 | €31,785 | €44,823 | +€13,038 | +41.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €30,285 | €43,323 | +€13,038 | +43.1% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Distributable reserves | 133 | €30,135 | €43,173 | +€13,038 | +43.3% |
| Amounts payable | 17/49 | €50,247 | €53,405 | +€3,158 | +6.3% |
| Amounts payable after more than one year | 17 | €11,690 | €7,320 | -€4,370 | -37.4% |
| Financial debts | 170/4 | €11,690 | €7,320 | -€4,370 | -37.4% |
| Amounts payable within one year | 42/48 | €38,557 | €46,085 | +€7,528 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €6,955 | €4,370 | -€2,585 | -37.2% |
| Trade debts | 44 | €16,759 | €26,753 | +€9,994 | +59.6% |
| Suppliers | 440/4 | €16,759 | €26,753 | +€9,994 | +59.6% |
| Taxes, remuneration and social security | 45 | €717 | €1,705 | +€988 | +137.7% |
| Taxes | 450/3 | €717 | €1,705 | +€988 | +137.7% |
| Other amounts payable | 47/48 | €14,126 | €13,257 | -€869 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,114 | €8,356 | -€1,758 | -17.4% |
| Other operating charges | 640/8 | €1,193 | €1,028 | -€166 | -13.9% |
| Gross operating margin | 9900 | €18,177 | €29,415 | +€11,239 | +61.8% |
| Operating profit (loss) | 9901 | €6,869 | €20,032 | +€13,162 | +191.6% |
| Financial income | 75/76B | €76 | €203 | +€127 | +166.5% |
| Recurring financial income | 75 | €76 | €203 | +€127 | +166.5% |
| Financial charges | 65/66B | €1,200 | €1,840 | +€640 | +53.3% |
| Recurring financial charges | 65 | €1,200 | €1,840 | +€640 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €5,746 | €18,395 | +€12,650 | +220.2% |
| Income taxes | 67/77 | €1,997 | €5,358 | +€3,361 | +168.3% |
| Profit (loss) for the period | 9904 | €3,749 | €13,038 | +€9,289 | +247.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,749 | €13,038 | +€9,289 | +247.8% |
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 9 October 2026 via checked.be.