Sfeerbeeld: 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.
Sfeerbeeld
Largest movements
- Tangible fixed assets -€15,323
down €15,323 (-7.0%), from €219,383 to €204,059
of which Furniture and vehicles: -€8,423
- Receivables within one year +€9,615
up €9,615 (+52.9%), from €18,186 to €27,800
of which Trade receivables: +€10,952
- Cash +€6,878
up €6,878 (+62.3%), from €11,043 to €17,922
mainly Depreciation (+€21,895) and Net result for the year (+€19,883)
- Reserves +€19,883
up €19,883 (+189%), from €10,506 to €30,389
- Trade debts -€18,325
down €18,325 (-94.0%), from €19,497 to €1,172
- Debts after one year -€12,501
down €12,501 (-7.2%), from €173,389 to €160,889
- Other debts +€7,308
up €7,308 (+69.4%), from €10,526 to €17,835
- Advances received +€4,154
new in 2025: €4,154
- Gross operating margin +€33,623
up €33,623 (+174%), from €19,287 to €52,910
- Taxes +€6,331
up €6,331 (+684%), from €925 to €7,256
- Depreciation +€2,328
up €2,328 (+11.9%), from €19,568 to €21,895
- Financial charges +€1,253
up €1,253 (+126%), from €996 to €2,249
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 | €249,157 | €250,759 | +€1,602 | +0.6% |
| Fixed assets | 21/28 | €219,383 | €204,059 | -€15,323 | -7.0% |
| Tangible fixed assets | 22/27 | €219,383 | €204,059 | -€15,323 | -7.0% |
| Land and buildings | 22 | €203,843 | €196,154 | -€7,689 | -3.8% |
| Plant, machinery and equipment | 23 | €2,433 | €3,222 | +€789 | +32.4% |
| Furniture and vehicles | 24 | €13,107 | €4,684 | -€8,423 | -64.3% |
| Current assets | 29/58 | €29,775 | €46,699 | +€16,925 | +56.8% |
| Amounts receivable within one year | 40/41 | €18,186 | €27,800 | +€9,615 | +52.9% |
| Trade receivables | 40 | €16,849 | €27,800 | +€10,952 | +65.0% |
| Other amounts receivable | 41 | €1,337 | - | -€1,337 | |
| Cash at bank and in hand | 54/58 | €11,043 | €17,922 | +€6,878 | +62.3% |
| Deferred charges and accrued income | 490/1 | €546 | €977 | +€432 | +79.1% |
| Total equity and liabilities | 10/49 | €249,157 | €250,759 | +€1,602 | +0.6% |
| Equity | 10/15 | €12,506 | €32,389 | +€19,883 | +159% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,506 | €30,389 | +€19,883 | +189% |
| Distributable reserves | 133 | €10,506 | €30,389 | +€19,883 | +189% |
| Amounts payable | 17/49 | €236,651 | €218,370 | -€18,281 | -7.7% |
| Amounts payable after more than one year | 17 | €173,389 | €160,889 | -€12,501 | -7.2% |
| Financial debts | 170/4 | €173,389 | €160,889 | -€12,501 | -7.2% |
| Amounts payable within one year | 42/48 | €63,261 | €57,482 | -€5,779 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €13,491 | €12,501 | -€990 | -7.3% |
| Trade debts | 44 | €19,497 | €1,172 | -€18,325 | -94.0% |
| Suppliers | 440/4 | €19,497 | €1,172 | -€18,325 | -94.0% |
| Advances received on contracts in progress | 46 | - | €4,154 | +€4,154 | |
| Taxes, remuneration and social security | 45 | €19,747 | €21,821 | +€2,074 | +10.5% |
| Taxes | 450/3 | €17,747 | €19,821 | +€2,074 | +11.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €10,526 | €17,835 | +€7,308 | +69.4% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,568 | €21,895 | +€2,328 | +11.9% |
| Other operating charges | 640/8 | €1,437 | €1,627 | +€189 | +13.2% |
| Gross operating margin | 9900 | €19,287 | €52,910 | +€33,623 | +174% |
| Operating profit (loss) | 9901 | -€1,718 | €29,388 | +€31,106 | |
| Financial charges | 65/66B | €996 | €2,249 | +€1,253 | +126% |
| Recurring financial charges | 65 | €996 | €2,249 | +€1,253 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€2,715 | €27,139 | +€29,853 | |
| Income taxes | 67/77 | €925 | €7,256 | +€6,331 | +684% |
| Profit (loss) for the period | 9904 | -€3,640 | €19,883 | +€23,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,640 | €19,883 | +€23,522 |
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 16 October 2026 via checked.be.