SELECT SITTING: 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.
SELECT SITTING
Largest movements
- Cash -€37,083
down €37,083 (-83.4%), from €44,461 to €7,378
mainly Trade debts (-€24,059) and Deferred charges and accrued income (-€22,571)
- Deferred charges and accrued income +€22,571
up €22,571 (+222%), from €10,168 to €32,740
- Tangible fixed assets -€18,693
down €18,693 (-14.5%), from €128,919 to €110,226
- Stocks and contracts -€11,260
down €11,260 (-6.9%), from €162,079 to €150,820
of which Stocks: -€25,760
- Receivables within one year -€4,935
down €4,935 (-79.6%), from €6,199 to €1,264
of which Trade receivables: -€4,430
- Trade debts -€24,059
down €24,059 (-27.7%), from €86,946 to €62,887
- Tax, wage and social debts -€16,703
down €16,703 (-47.7%), from €35,045 to €18,342
of which Remuneration and social security: -€10,388
- Debts after one year -€7,674
down €7,674 (-13.3%), from €57,578 to €49,904
of which Financial debts: -€7,974
- Gross operating margin -€54,653
down €54,653 (-42.9%), from €127,476 to €72,824
- Staff costs -€22,061
down €22,061 (-30.5%), from €72,226 to €50,165
- Write-downs -€1,730
new in 2025: -€1,730
- Financial income +€1,653
up €1,653 (+27.8%), from €5,951 to €7,604
- Taxes -€1,500
down €1,500 (-64.2%), from €2,337 to €837
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 | €351,961 | €302,562 | -€49,400 | -14.0% |
| Fixed assets | 21/28 | €129,054 | €110,361 | -€18,693 | -14.5% |
| Tangible fixed assets | 22/27 | €128,919 | €110,226 | -€18,693 | -14.5% |
| Plant, machinery and equipment | 23 | €2,037 | €1,437 | -€600 | -29.5% |
| Furniture and vehicles | 24 | €17,482 | €15,753 | -€1,729 | -9.9% |
| Leasing and similar rights | 25 | €68,615 | €59,767 | -€8,848 | -12.9% |
| Other tangible fixed assets | 26 | €40,786 | €33,269 | -€7,516 | -18.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €222,908 | €192,201 | -€30,707 | -13.8% |
| Stocks and contracts in progress | 3 | €162,079 | €150,820 | -€11,260 | -6.9% |
| Stocks | 30/36 | €160,579 | €134,820 | -€25,760 | -16.0% |
| Contracts in progress | 37 | €1,500 | €16,000 | +€14,500 | +967% |
| Amounts receivable within one year | 40/41 | €6,199 | €1,264 | -€4,935 | -79.6% |
| Trade receivables | 40 | €5,031 | €601 | -€4,430 | -88.1% |
| Other amounts receivable | 41 | €1,168 | €663 | -€505 | -43.3% |
| Cash at bank and in hand | 54/58 | €44,461 | €7,378 | -€37,083 | -83.4% |
| Deferred charges and accrued income | 490/1 | €10,168 | €32,740 | +€22,571 | +222% |
| Total equity and liabilities | 10/49 | €351,961 | €302,562 | -€49,400 | -14.0% |
| Equity | 10/15 | €70,351 | €70,140 | -€211 | -0.3% |
| Contributions | 10/11 | €35,700 | €35,700 | = | 0.0% |
| Reserves | 13 | €33,451 | €33,451 | = | 0.0% |
| Distributable reserves | 133 | €33,451 | €33,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€61 | -€61 | |
| Investment grants | 15 | €1,200 | €1,050 | -€150 | -12.5% |
| Amounts payable | 17/49 | €281,610 | €232,421 | -€49,189 | -17.5% |
| Amounts payable after more than one year | 17 | €57,578 | €49,904 | -€7,674 | -13.3% |
| Financial debts | 170/4 | €39,793 | €31,819 | -€7,974 | -20.0% |
| Other amounts payable | 178/9 | €17,785 | €18,085 | +€300 | +1.7% |
| Amounts payable within one year | 42/48 | €224,032 | €182,517 | -€41,515 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €7,612 | €7,974 | +€362 | +4.8% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €86,946 | €62,887 | -€24,059 | -27.7% |
| Suppliers | 440/4 | €86,946 | €62,887 | -€24,059 | -27.7% |
| Advances received on contracts in progress | 46 | €69,430 | €68,315 | -€1,115 | -1.6% |
| Taxes, remuneration and social security | 45 | €35,045 | €18,342 | -€16,703 | -47.7% |
| Taxes | 450/3 | €15,575 | €9,260 | -€6,315 | -40.5% |
| Remuneration and social security | 454/9 | €19,470 | €9,081 | -€10,388 | -53.4% |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €72,226 | €50,165 | -€22,061 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,438 | €19,597 | +€159 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,730 | -€1,730 | |
| Other operating charges | 640/8 | €7,787 | €7,817 | +€31 | +0.4% |
| Gross operating margin | 9900 | €127,476 | €72,824 | -€54,653 | -42.9% |
| Operating profit (loss) | 9901 | €28,025 | -€3,026 | -€31,051 | |
| Financial income | 75/76B | €5,951 | €7,604 | +€1,653 | +27.8% |
| Recurring financial income | 75 | €5,951 | €7,604 | +€1,653 | +27.8% |
| Financial charges | 65/66B | €4,902 | €3,802 | -€1,100 | -22.4% |
| Recurring financial charges | 65 | €4,902 | €3,802 | -€1,100 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €29,075 | €776 | -€28,298 | -97.3% |
| Income taxes | 67/77 | €2,337 | €837 | -€1,500 | -64.2% |
| Profit (loss) for the period | 9904 | €26,737 | -€61 | -€26,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,737 | -€61 | -€26,798 |
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 19 October 2026 via checked.be.