Soft Spot: 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.
Soft Spot
Largest movements
- Receivables within one year +€8,050
up €8,050 (+45.7%), from €17,630 to €25,680
of which Trade receivables: +€4,333
- Reserves +€6,192
up €6,192 (+2.5%), from €249,013 to €255,205
- Tax, wage and social debts +€3,953
up €3,953 (+33.7%), from €11,715 to €15,668
- Other debts -€3,582
down €3,582 (-37.4%), from €9,582 to €6,000
- Gross operating margin -€20,536
down €20,536 (-26.8%), from €76,737 to €56,201
- Taxes -€5,067
down €5,067 (-25.4%), from €19,934 to €14,867
- Financial charges -€981
down €981 (-21.9%), from €4,479 to €3,498
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 | €282,710 | €289,765 | +€7,055 | +2.5% |
| Fixed assets | 21/28 | €15,035 | €15,595 | +€560 | +3.7% |
| Tangible fixed assets | 22/27 | €15,035 | €15,595 | +€560 | +3.7% |
| Plant, machinery and equipment | 23 | €3,607 | €1,779 | -€1,827 | -50.7% |
| Furniture and vehicles | 24 | €777 | €3,570 | +€2,792 | +359.3% |
| Other tangible fixed assets | 26 | €10,651 | €10,246 | -€405 | -3.8% |
| Current assets | 29/58 | €267,675 | €274,170 | +€6,495 | +2.4% |
| Amounts receivable within one year | 40/41 | €17,630 | €25,680 | +€8,050 | +45.7% |
| Trade receivables | 40 | €17,630 | €21,963 | +€4,333 | +24.6% |
| Other amounts receivable | 41 | €0 | €3,717 | +€3,717 | |
| Cash at bank and in hand | 54/58 | €250,045 | €248,490 | -€1,555 | -0.6% |
| Total equity and liabilities | 10/49 | €282,710 | €289,765 | +€7,055 | +2.5% |
| Equity | 10/15 | €261,413 | €267,605 | +€6,192 | +2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,013 | €255,205 | +€6,192 | +2.5% |
| Distributable reserves | 133 | €249,013 | €255,205 | +€6,192 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,297 | €22,159 | +€862 | +4.0% |
| Amounts payable within one year | 42/48 | €21,297 | €22,159 | +€862 | +4.0% |
| Trade debts | 44 | €0 | €491 | +€491 | |
| Suppliers | 440/4 | €0 | €491 | +€491 | |
| Taxes, remuneration and social security | 45 | €11,715 | €15,668 | +€3,953 | +33.7% |
| Taxes | 450/3 | €11,715 | €15,668 | +€3,953 | +33.7% |
| Other amounts payable | 47/48 | €9,582 | €6,000 | -€3,582 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,291 | €4,931 | +€640 | +14.9% |
| Other operating charges | 640/8 | €622 | €649 | +€27 | +4.3% |
| Gross operating margin | 9900 | €76,737 | €56,201 | -€20,536 | -26.8% |
| Operating profit (loss) | 9901 | €71,824 | €50,621 | -€21,203 | -29.5% |
| Financial income | 75/76B | €44 | €0 | -€43 | -99.3% |
| Recurring financial income | 75 | €44 | €0 | -€43 | -99.3% |
| Financial charges | 65/66B | €4,479 | €3,498 | -€981 | -21.9% |
| Recurring financial charges | 65 | €4,479 | €3,498 | -€981 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €67,388 | €47,123 | -€20,265 | -30.1% |
| Income taxes | 67/77 | €19,934 | €14,867 | -€5,067 | -25.4% |
| Profit (loss) for the period | 9904 | €47,454 | €32,256 | -€15,198 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,454 | €32,256 | -€15,198 | -32.0% |
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 1 October 2026 via checked.be.