Slice on the go: 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.
Slice on the go
Largest movements
- Tangible fixed assets +€12,046
up €12,046 (+9.0%), from €133,875 to €145,921
of which Plant, machinery and equipment: +€21,822
- Cash -€9,518
down €9,518 (-15.5%), from €61,466 to €51,948
mainly Investment in fixed assets (net) (-€48,292) and Trade debts (-€22,820)
- Reserves +€23,504
up €23,504 (+438.0%), from €5,367 to €28,871
- Trade debts -€22,820
down €22,820 (-59.9%), from €38,073 to €15,253
- Debts after one year -€17,449
down €17,449 (-17.6%), from €99,324 to €81,875
- Current portion of long-term debt +€10,899
up €10,899 (+54.3%), from €20,066 to €30,965
- Tax, wage and social debts +€9,058
up €9,058 (+130.6%), from €6,936 to €15,994
of which Taxes: +€9,058
- Gross operating margin +€31,875
up €31,875 (+64.0%), from €49,832 to €81,707
- Taxes +€5,231
up €5,231 (+305.5%), from €1,712 to €6,943
- Depreciation +€2,412
up €2,412 (+7.1%), from €33,833 to €36,246
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 | €202,045 | €206,257 | +€4,212 | +2.1% |
| Fixed assets | 21/28 | €133,875 | €145,921 | +€12,046 | +9.0% |
| Tangible fixed assets | 22/27 | €133,875 | €145,921 | +€12,046 | +9.0% |
| Plant, machinery and equipment | 23 | €124,099 | €145,921 | +€21,822 | +17.6% |
| Furniture and vehicles | 24 | €9,776 | €0 | -€9,776 | -100.0% |
| Current assets | 29/58 | €68,170 | €60,337 | -€7,834 | -11.5% |
| Amounts receivable within one year | 40/41 | €4,211 | €3,886 | -€326 | -7.7% |
| Trade receivables | 40 | €4,211 | €3,212 | -€999 | -23.7% |
| Other amounts receivable | 41 | - | €673 | +€673 | |
| Cash at bank and in hand | 54/58 | €61,466 | €51,948 | -€9,518 | -15.5% |
| Deferred charges and accrued income | 490/1 | €2,493 | €4,503 | +€2,010 | +80.6% |
| Total equity and liabilities | 10/49 | €202,045 | €206,257 | +€4,212 | +2.1% |
| Equity | 10/15 | €35,367 | €58,871 | +€23,504 | +66.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €5,367 | €28,871 | +€23,504 | +438.0% |
| Distributable reserves | 133 | €5,367 | €28,871 | +€23,504 | +438.0% |
| Amounts payable | 17/49 | €166,678 | €147,386 | -€19,292 | -11.6% |
| Amounts payable after more than one year | 17 | €99,324 | €81,875 | -€17,449 | -17.6% |
| Financial debts | 170/4 | €99,324 | €81,875 | -€17,449 | -17.6% |
| Amounts payable within one year | 42/48 | €67,204 | €65,511 | -€1,693 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €20,066 | €30,965 | +€10,899 | +54.3% |
| Trade debts | 44 | €38,073 | €15,253 | -€22,820 | -59.9% |
| Suppliers | 440/4 | €38,073 | €15,253 | -€22,820 | -59.9% |
| Taxes, remuneration and social security | 45 | €6,936 | €15,994 | +€9,058 | +130.6% |
| Taxes | 450/3 | €4,936 | €13,994 | +€9,058 | +183.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,129 | €3,299 | +€1,170 | +54.9% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,833 | €36,246 | +€2,412 | +7.1% |
| Other operating charges | 640/8 | €783 | €863 | +€80 | +10.2% |
| Non-recurring operating charges | 66A | - | €6,176 | +€6,176 | |
| Gross operating margin | 9900 | €49,832 | €81,707 | +€31,875 | +64.0% |
| Operating profit (loss) | 9901 | €15,216 | €38,423 | +€23,207 | +152.5% |
| Financial income | 75/76B | €0 | €90 | +€90 | +24200.0% |
| Recurring financial income | 75 | €0 | €90 | +€90 | +24200.0% |
| Financial charges | 65/66B | €8,137 | €8,065 | -€72 | -0.9% |
| Recurring financial charges | 65 | €8,137 | €8,065 | -€72 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €7,079 | €30,447 | +€23,368 | +330.1% |
| Income taxes | 67/77 | €1,712 | €6,943 | +€5,231 | +305.5% |
| Profit (loss) for the period | 9904 | €5,367 | €23,504 | +€18,137 | +338.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,367 | €23,504 | +€18,137 | +338.0% |
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.