SLIDE MANAGEMENT: 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.
SLIDE MANAGEMENT
Largest movements
- Receivables within one year +€22,019
up €22,019 (+59.1%), from €37,256 to €59,275
of which Other amounts receivable: +€12,968
- Profit (loss) carried forward +€68,540
up €68,540 (+85.5%), from €80,123 to €148,663
- Debts after one year -€46,598
down €46,598 (-19.0%), from €245,621 to €199,023
- Other debts -€11,221
down €11,221 (-1.8%), from €632,744 to €621,524
- Gross operating margin +€15,207
up €15,207 (+59.9%), from €25,393 to €40,600
- Taxes +€3,534
up €3,534 (+88.4%), from €3,999 to €7,533
- Financial charges +€2,980
up €2,980 (+31.2%), from €9,538 to €12,518
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 | €1,026,633 | €1,037,946 | +€11,313 | +1.1% |
| Fixed assets | 21/28 | €976,993 | €976,112 | -€881 | -0.1% |
| Tangible fixed assets | 22/27 | €1,993 | €1,112 | -€881 | -44.2% |
| Land and buildings | 22 | €1,675 | €1,112 | -€562 | -33.6% |
| Furniture and vehicles | 24 | €318 | €0 | -€318 | -100.0% |
| Financial fixed assets | 28 | €975,000 | €975,000 | = | 0.0% |
| Current assets | 29/58 | €49,640 | €61,833 | +€12,193 | +24.6% |
| Amounts receivable within one year | 40/41 | €37,256 | €59,275 | +€22,019 | +59.1% |
| Trade receivables | 40 | €2,720 | €11,771 | +€9,052 | +332.8% |
| Other amounts receivable | 41 | €34,536 | €47,504 | +€12,968 | +37.5% |
| Cash at bank and in hand | 54/58 | €11,398 | €1,520 | -€9,877 | -86.7% |
| Deferred charges and accrued income | 490/1 | €986 | €1,038 | +€52 | +5.2% |
| Total equity and liabilities | 10/49 | €1,026,633 | €1,037,946 | +€11,313 | +1.1% |
| Equity | 10/15 | €83,123 | €151,663 | +€68,540 | +82.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,123 | €148,663 | +€68,540 | +85.5% |
| Amounts payable | 17/49 | €943,510 | €886,283 | -€57,227 | -6.1% |
| Amounts payable after more than one year | 17 | €245,621 | €199,023 | -€46,598 | -19.0% |
| Financial debts | 170/4 | €245,621 | €199,023 | -€46,598 | -19.0% |
| Amounts payable within one year | 42/48 | €697,889 | €687,260 | -€10,629 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €45,399 | €46,598 | +€1,199 | +2.6% |
| Trade debts | 44 | €3,333 | €574 | -€2,759 | -82.8% |
| Suppliers | 440/4 | €3,333 | €574 | -€2,759 | -82.8% |
| Taxes, remuneration and social security | 45 | €16,412 | €18,564 | +€2,152 | +13.1% |
| Taxes | 450/3 | €16,412 | €18,564 | +€2,152 | +13.1% |
| Other amounts payable | 47/48 | €632,744 | €621,524 | -€11,221 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €881 | €881 | -€1 | -0.1% |
| Other operating charges | 640/8 | €1,351 | €1,129 | -€222 | -16.5% |
| Gross operating margin | 9900 | €25,393 | €40,600 | +€15,207 | +59.9% |
| Operating profit (loss) | 9901 | €23,160 | €38,591 | +€15,430 | +66.6% |
| Financial income | 75/76B | €50,024 | €50,000 | -€24 | 0.0% |
| Recurring financial income | 75 | €50,024 | €50,000 | -€24 | 0.0% |
| Financial charges | 65/66B | €9,538 | €12,518 | +€2,980 | +31.2% |
| Recurring financial charges | 65 | €9,538 | €12,518 | +€2,980 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €63,646 | €76,073 | +€12,427 | +19.5% |
| Income taxes | 67/77 | €3,999 | €7,533 | +€3,534 | +88.4% |
| Profit (loss) for the period | 9904 | €59,647 | €68,540 | +€8,892 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,647 | €68,540 | +€8,892 | +14.9% |
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 8 October 2026 via checked.be.