SHOWLUTION: 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.
SHOWLUTION
Largest movements
- Cash -€16,973
down €16,973 (-3.7%), from €453,584 to €436,611
mainly Contributions, distributions and other (-€100,000) and Trade debts (-€44,434)
- Receivables within one year +€15,796
up €15,796 (+9.9%), from €160,174 to €175,970
of which Trade receivables: +€14,516
- Profit (loss) carried forward +€45,071
up €45,071 (+11.0%), from €408,988 to €454,059
- Trade debts -€44,434
down €44,434 (-59.1%), from €75,209 to €30,775
- Other debts +€20,000
up €20,000 (+25.0%), from €80,000 to €100,000
- Current portion of long-term debt -€8,202
down €8,202 (-57.5%), from €14,263 to €6,061
- Staff costs -€10,407
down €10,407 (-14.7%), from €71,009 to €60,602
- Gross operating margin +€5,180
up €5,180 (+2.0%), from €258,121 to €263,301
- Taxes +€3,921
up €3,921 (+8.3%), from €47,014 to €50,935
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 | €656,316 | €655,631 | -€685 | -0.1% |
| Fixed assets | 21/28 | €40,764 | €34,875 | -€5,888 | -14.4% |
| Tangible fixed assets | 22/27 | €21,719 | €15,831 | -€5,888 | -27.1% |
| Plant, machinery and equipment | 23 | €1,223 | €581 | -€642 | -52.5% |
| Furniture and vehicles | 24 | €20,496 | €15,250 | -€5,246 | -25.6% |
| Financial fixed assets | 28 | €19,045 | €19,045 | = | 0.0% |
| Current assets | 29/58 | €615,553 | €620,756 | +€5,203 | +0.8% |
| Amounts receivable within one year | 40/41 | €160,174 | €175,970 | +€15,796 | +9.9% |
| Trade receivables | 40 | €160,174 | €174,690 | +€14,516 | +9.1% |
| Other amounts receivable | 41 | - | €1,280 | +€1,280 | |
| Cash at bank and in hand | 54/58 | €453,584 | €436,611 | -€16,973 | -3.7% |
| Deferred charges and accrued income | 490/1 | €1,794 | €8,175 | +€6,381 | +355.6% |
| Total equity and liabilities | 10/49 | €656,316 | €655,631 | -€685 | -0.1% |
| Equity | 10/15 | €436,708 | €481,779 | +€45,071 | +10.3% |
| Contributions | 10/11 | €25,200 | €25,200 | = | 0.0% |
| Reserves | 13 | €2,520 | €2,520 | = | 0.0% |
| Distributable reserves | 133 | €2,520 | €2,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €408,988 | €454,059 | +€45,071 | +11.0% |
| Amounts payable | 17/49 | €219,608 | €173,852 | -€45,756 | -20.8% |
| Amounts payable after more than one year | 17 | €12,395 | €6,335 | -€6,061 | -48.9% |
| Financial debts | 170/4 | €12,395 | €6,335 | -€6,061 | -48.9% |
| Amounts payable within one year | 42/48 | €203,245 | €165,494 | -€37,750 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €14,263 | €6,061 | -€8,202 | -57.5% |
| Trade debts | 44 | €75,209 | €30,775 | -€44,434 | -59.1% |
| Suppliers | 440/4 | €75,209 | €30,775 | -€44,434 | -59.1% |
| Taxes, remuneration and social security | 45 | €33,773 | €28,659 | -€5,115 | -15.1% |
| Taxes | 450/3 | €25,676 | €20,359 | -€5,316 | -20.7% |
| Remuneration and social security | 454/9 | €8,097 | €8,299 | +€202 | +2.5% |
| Other amounts payable | 47/48 | €80,000 | €100,000 | +€20,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | €3,968 | €2,023 | -€1,945 | -49.0% |
| Remuneration, social security and pensions | 62 | €71,009 | €60,602 | -€10,407 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,888 | €5,888 | = | 0.0% |
| Other operating charges | 640/8 | €2,244 | €1,763 | -€482 | -21.5% |
| Gross operating margin | 9900 | €258,121 | €263,301 | +€5,180 | +2.0% |
| Operating profit (loss) | 9901 | €178,979 | €195,048 | +€16,068 | +9.0% |
| Financial income | 75/76B | €1,265 | €1,919 | +€654 | +51.7% |
| Recurring financial income | 75 | €1,265 | €1,919 | +€654 | +51.7% |
| Financial charges | 65/66B | €1,570 | €961 | -€609 | -38.8% |
| Recurring financial charges | 65 | €1,570 | €961 | -€609 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €178,675 | €196,006 | +€17,331 | +9.7% |
| Income taxes | 67/77 | €47,014 | €50,935 | +€3,921 | +8.3% |
| Profit (loss) for the period | 9904 | €131,661 | €145,071 | +€13,410 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €131,661 | €145,071 | +€13,410 | +10.2% |
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.