SHOWFACTORY: 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.
SHOWFACTORY
Largest movements
- Receivables within one year -€48,968
down €48,968 (-91.4%), from €53,557 to €4,588
of which Other amounts receivable: -€41,790
- Cash +€48,610
up €48,610 (+494%), from €9,849 to €58,459
mainly Receivables within one year (+€48,968) and Net result for the year (+€35,618)
- Tangible fixed assets -€7,738
down €7,738 (-5.3%), from €146,422 to €138,684
of which Other tangible fixed assets: -€6,418
- Other debts +€34,524
new in 2025: €34,524
- Reserves -€23,256
down €23,256 (-29.5%), from €78,870 to €55,614
- Debts after one year -€15,314
down €15,314 (-20.5%), from €74,746 to €59,432
- Accrued charges and deferred income -€13,384
no longer reported in 2025 (was €13,384)
- Tax, wage and social debts +€6,002
up €6,002 (+63.7%), from €9,419 to €15,421
of which Taxes: +€6,002
- Gross operating margin +€21,064
up €21,064 (+44.6%), from €47,193 to €68,257
- Taxes +€7,436
up €7,436 (+438%), from €1,700 to €9,135
- Financial charges -€2,612
down €2,612 (-34.9%), from €7,485 to €4,873
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 | €211,070 | €202,075 | -€8,995 | -4.3% |
| Fixed assets | 21/28 | €146,422 | €138,684 | -€7,738 | -5.3% |
| Tangible fixed assets | 22/27 | €146,422 | €138,684 | -€7,738 | -5.3% |
| Land and buildings | 22 | €126,861 | €124,181 | -€2,680 | -2.1% |
| Plant, machinery and equipment | 23 | €3,042 | €1,550 | -€1,491 | -49.0% |
| Furniture and vehicles | 24 | €2,731 | €5,583 | +€2,852 | +104% |
| Other tangible fixed assets | 26 | €13,788 | €7,370 | -€6,418 | -46.5% |
| Current assets | 29/58 | €64,648 | €63,391 | -€1,257 | -1.9% |
| Amounts receivable within one year | 40/41 | €53,557 | €4,588 | -€48,968 | -91.4% |
| Trade receivables | 40 | €11,450 | €4,271 | -€7,178 | -62.7% |
| Other amounts receivable | 41 | €42,107 | €317 | -€41,790 | -99.2% |
| Cash at bank and in hand | 54/58 | €9,849 | €58,459 | +€48,610 | +494% |
| Deferred charges and accrued income | 490/1 | €1,243 | €344 | -€899 | -72.3% |
| Total equity and liabilities | 10/49 | €211,070 | €202,075 | -€8,995 | -4.3% |
| Equity | 10/15 | €78,870 | €55,614 | -€23,256 | -29.5% |
| Reserves | 13 | €78,870 | €55,614 | -€23,256 | -29.5% |
| Distributable reserves | 133 | €78,870 | €55,614 | -€23,256 | -29.5% |
| Amounts payable | 17/49 | €132,200 | €146,461 | +€14,261 | +10.8% |
| Amounts payable after more than one year | 17 | €74,746 | €59,432 | -€15,314 | -20.5% |
| Financial debts | 170/4 | €74,746 | €59,432 | -€15,314 | -20.5% |
| Amounts payable within one year | 42/48 | €44,070 | €87,029 | +€42,959 | +97.5% |
| Current portion of amounts payable after more than one year | 42 | €23,657 | €23,834 | +€176 | +0.7% |
| Trade debts | 44 | €10,993 | €13,251 | +€2,257 | +20.5% |
| Suppliers | 440/4 | €10,993 | €13,251 | +€2,257 | +20.5% |
| Taxes, remuneration and social security | 45 | €9,419 | €15,421 | +€6,002 | +63.7% |
| Taxes | 450/3 | €7,144 | €13,146 | +€6,002 | +84.0% |
| Remuneration and social security | 454/9 | €2,275 | €2,275 | = | 0.0% |
| Other amounts payable | 47/48 | - | €34,524 | +€34,524 | |
| Accrued charges and deferred income | 492/3 | €13,384 | - | -€13,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,341 | €16,461 | +€119 | +0.7% |
| Other operating charges | 640/8 | €1,604 | €2,231 | +€627 | +39.1% |
| Gross operating margin | 9900 | €47,193 | €68,257 | +€21,064 | +44.6% |
| Operating profit (loss) | 9901 | €29,249 | €49,566 | +€20,317 | +69.5% |
| Financial income | 75/76B | €3 | €61 | +€58 | +1,934% |
| Recurring financial income | 75 | €3 | €61 | +€58 | +1,934% |
| Financial charges | 65/66B | €7,485 | €4,873 | -€2,612 | -34.9% |
| Recurring financial charges | 65 | €7,485 | €4,873 | -€2,612 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €21,766 | €44,754 | +€22,987 | +106% |
| Income taxes | 67/77 | €1,700 | €9,135 | +€7,436 | +438% |
| Profit (loss) for the period | 9904 | €20,067 | €35,618 | +€15,552 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,067 | €35,618 | +€15,552 | +77.5% |
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 14 October 2026 via checked.be.