SHOWPAD: 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.
What changed
SHOWPAD
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10.3m
2024 · -€1.1m+€11.4m
Equity
€105.6m
2024 · €90.2m+€15.4m
Cash
€3.3m
2024 · €3.9m-€568,497
Balance sheet total
€139.0m
2024 · €120.1m+€18.9m
Largest movements
Assets
- Financial fixed assets +€21.0m
up €21.0m (+24.4%), from €86.3m to €107.3m
of which Affiliated companies: +€20.9m
Equity and liabilities
- Profit (loss) carried forward +€9.8m
up €9.8m (+21.6%), from -€45.5m to -€35.6m
- Contributions +€5.0m
up €5.0m (+3.7%), from €135.7m to €140.7m
of which Contributions outside capital: +€4.9m
- Accrued charges and deferred income +€3.7m
up €3.7m (+17.5%), from €21.3m to €25.0m
- Trade debts -€1.4m
down €1.4m (-41.5%), from €3.5m to €2.0m
Income statement
- Financial income +€10.2m
new in 2025: €10.2m
- Services and other goods -€4.0m
down €4.0m (-9.4%), from €42.7m to €38.7m
- Depreciation -€2.4m
down €2.4m (-23.3%), from €10.4m to €8.0m
- Turnover +€1.4m
up €1.4m (+3.6%), from €38.5m to €39.8m
- Taxes +€876,723
up €876,723, from -€376,010 to €500,713
of which Taxes: +€902,474
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.
Result 2024
-€1.1m
Turnover
+€1.4m
Other operating income
+€304,966
Services and other goods
+€4.0m
Staff costs
+€629,510
Depreciation
+€2.4m
Write-downs
-€3,891
Other operating charges
+€79,066
Other operating items
-€624,965
Financial income
+€10.2m
Financial charges
+€53,305
Other financial items
-€6.2m
Taxes
-€876,723
Result 2025
€10.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22.9m
Investment
-€28.5m
Financing
+€5.0m
Cash 2024
€3.9m
From operations (derived)
+€22.9m
Net result for the year
+€10.3m
Depreciation
+€8.0m
Receivables within one year
+€479,739
Deferred charges and accrued income
+€515,949
Trade debts
-€1.4m
Tax, wage and social debts
+€492,234
Other debts
+€753,666
Accrued charges and deferred income
+€3.7m
Investment (derived)
-€28.5m
Investment in fixed assets (net)
-€28.6m
Current investments
+€96,732
Financing
+€5.0m
Contributions, distributions and other
+€5.0m
Cash 2025
€3.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,089,709 | €138,967,857 | +€18.9m | +15.7% |
| Fixed assets | 21/28 | €99,241,732 | €119,780,797 | +€20.5m | +20.7% |
| Intangible fixed assets | 21 | €12,307,668 | €12,155,208 | -€152,460 | -1.2% |
| Tangible fixed assets | 22/27 | €667,012 | €325,741 | -€341,271 | -51.2% |
| Plant, machinery and equipment | 23 | €6,701 | €5,901 | -€800 | -11.9% |
| Furniture and vehicles | 24 | €316,924 | €204,067 | -€112,857 | -35.6% |
| Other tangible fixed assets | 26 | €343,387 | €82,967 | -€260,420 | -75.8% |
| Assets under construction and advance payments | 27 | - | €32,806 | +€32,806 | |
| Financial fixed assets | 28 | €86,267,052 | €107,299,848 | +€21.0m | +24.4% |
| Affiliated companies | 280/1 | €86,153,886 | €107,011,623 | +€20.9m | +24.2% |
| Participating interests | 280 | €71,309 | €71,310 | +€1 | 0.0% |
| Amounts receivable | 281 | €86,082,577 | €106,940,313 | +€20.9m | +24.2% |
| Other financial fixed assets | 284/8 | €113,166 | €288,226 | +€175,060 | +155% |
| Amounts receivable and cash guarantees | 285/8 | €113,166 | €288,226 | +€175,060 | +155% |
| Current assets | 29/58 | €20,847,977 | €19,187,060 | -€1.7m | -8.0% |
| Amounts receivable within one year | 40/41 | €13,320,280 | €12,840,541 | -€479,739 | -3.6% |
| Trade receivables | 40 | €12,350,837 | €11,933,238 | -€417,599 | -3.4% |
| Other amounts receivable | 41 | €969,443 | €907,303 | -€62,140 | -6.4% |
| Current investments | 50/53 | €444,684 | €347,952 | -€96,732 | -21.8% |
| Other investments | 51/53 | €444,684 | €347,952 | -€96,732 | -21.8% |
| Cash at bank and in hand | 54/58 | €3,896,094 | €3,327,597 | -€568,497 | -14.6% |
| Deferred charges and accrued income | 490/1 | €3,186,919 | €2,670,970 | -€515,949 | -16.2% |
| Total equity and liabilities | 10/49 | €120,089,709 | €138,967,857 | +€18.9m | +15.7% |
| Equity | 10/15 | €90,198,272 | €105,554,759 | +€15.4m | +17.0% |
| Contributions | 10/11 | €135,650,925 | €140,663,272 | +€5.0m | +3.7% |
| Capital | 10 | €14,417,902 | €14,579,661 | +€161,759 | +1.1% |
| Issued capital | 100 | €14,417,902 | €14,579,661 | +€161,759 | +1.1% |
| Contributions outside capital | 11 | €121,233,023 | €126,083,611 | +€4.9m | +4.0% |
| Share premium | 1100/10 | €121,233,023 | €126,083,611 | +€4.9m | +4.0% |
| Reserves | 13 | - | €517,207 | +€517,207 | |
| Non-distributable reserves | 130/1 | - | €517,207 | +€517,207 | |
| Legal reserve | 130 | - | €517,207 | +€517,207 | |
| Profit (loss) carried forward | 14 | -€45,452,653 | -€35,625,720 | +€9.8m | +21.6% |
| Amounts payable | 17/49 | €29,891,437 | €33,413,099 | +€3.5m | +11.8% |
| Amounts payable within one year | 42/48 | €8,568,912 | €8,367,371 | -€201,541 | -2.4% |
| Trade debts | 44 | €3,490,924 | €2,043,482 | -€1.4m | -41.5% |
| Suppliers | 440/4 | €3,490,924 | €2,043,482 | -€1.4m | -41.5% |
| Taxes, remuneration and social security | 45 | €2,258,234 | €2,750,468 | +€492,234 | +21.8% |
| Taxes | 450/3 | €59,928 | €456,910 | +€396,982 | +662% |
| Remuneration and social security | 454/9 | €2,198,306 | €2,293,558 | +€95,252 | +4.3% |
| Other amounts payable | 47/48 | €2,819,754 | €3,573,420 | +€753,666 | +26.7% |
| Accrued charges and deferred income | 492/3 | €21,322,525 | €25,045,727 | +€3.7m | +17.5% |
| Operating income | 70/76A | €63,426,094 | €64,609,309 | +€1.2m | +1.9% |
| Turnover | 70 | €38,469,186 | €39,848,667 | +€1.4m | +3.6% |
| Own construction capitalised | 72 | €8,069,121 | €7,567,889 | -€501,232 | -6.2% |
| Other operating income | 74 | €16,887,787 | €17,192,753 | +€304,966 | +1.8% |
| Operating charges | 60/66A | €70,844,959 | €63,810,275 | -€7.0m | -9.9% |
| Services and other goods | 61 | €42,680,437 | €38,655,411 | -€4.0m | -9.4% |
| Remuneration, social security and pensions | 62 | €17,561,521 | €16,932,011 | -€629,510 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,443,346 | €8,014,641 | -€2.4m | -23.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,891 | +€3,891 | |
| Other operating charges | 640/8 | €130,576 | €51,510 | -€79,066 | -60.6% |
| Non-recurring operating charges | 66A | €29,079 | €152,812 | +€123,733 | +426% |
| Operating profit (loss) | 9901 | -€7,418,865 | €799,034 | +€8.2m | |
| Financial income | 75/76B | - | €10,221,930 | +€10.2m | |
| Recurring financial income | 75 | €6,189,375 | €10,221,930 | +€4.0m | +65.2% |
| Income from financial fixed assets | 750 | €6,065,195 | €10,124,394 | +€4.1m | +66.9% |
| Income from current assets | 751 | €8,064 | €8,249 | +€185 | +2.3% |
| Other financial income | 752/9 | €116,116 | €89,286 | -€26,830 | -23.1% |
| Financial charges | 65/66B | €229,415 | €176,110 | -€53,305 | -23.2% |
| Recurring financial charges | 65 | €229,415 | €176,110 | -€53,305 | -23.2% |
| Debt charges | 650 | €123,682 | €130,127 | +€6,445 | +5.2% |
| Other financial charges | 652/9 | €105,733 | €45,984 | -€59,749 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,458,905 | €10,844,854 | +€12.3m | |
| Income taxes | 67/77 | -€376,010 | €500,713 | +€876,723 | |
| Taxes | 670/3 | €38,082 | €940,556 | +€902,474 | +2,370% |
| Tax adjustments and reversals of tax provisions | 77 | €414,092 | €439,842 | +€25,750 | +6.2% |
| Profit (loss) for the period | 9904 | -€1,082,895 | €10,344,140 | +€11.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,082,895 | €10,344,140 | +€11.4m |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.