SOLUTIONS: 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.
SOLUTIONS
Largest movements
- Receivables within one year +€30,705
up €30,705 (+37.1%), from €82,797 to €113,502
of which Other amounts receivable: +€18,515
- Cash +€25,146
up €25,146 (+27.1%), from €92,815 to €117,961
mainly Net result for the year (+€42,598) and Depreciation (+€33,409)
- Tangible fixed assets -€20,794
down €20,794 (-11.0%), from €188,938 to €168,144
of which Land and buildings: -€16,496
- Reserves +€42,598
up €42,598 (+15.7%), from €270,489 to €313,087
of which Distributable reserves: +€42,598
- Debts after one year -€8,823
down €8,823 (-21.5%), from €41,059 to €32,235
- Gross operating margin -€43,797
down €43,797 (-30.1%), from €145,303 to €101,505
- Taxes -€11,595
down €11,595 (-34.3%), from €33,797 to €22,203
- Other operating charges -€3,283
down €3,283 (-44.8%), from €7,333 to €4,050
- Financial income +€2,813
up €2,813 (+29,703%), from €9 to €2,822
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,759 | €408,580 | +€33,821 | +9.0% |
| Fixed assets | 21/28 | €188,988 | €168,194 | -€20,794 | -11.0% |
| Tangible fixed assets | 22/27 | €188,938 | €168,144 | -€20,794 | -11.0% |
| Land and buildings | 22 | €159,032 | €142,536 | -€16,496 | -10.4% |
| Plant, machinery and equipment | 23 | €7,313 | €8,810 | +€1,497 | +20.5% |
| Furniture and vehicles | 24 | €22,593 | €16,798 | -€5,795 | -25.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €185,771 | €240,386 | +€54,615 | +29.4% |
| Amounts receivable within one year | 40/41 | €82,797 | €113,502 | +€30,705 | +37.1% |
| Trade receivables | 40 | €39,383 | €51,574 | +€12,190 | +31.0% |
| Other amounts receivable | 41 | €43,414 | €61,929 | +€18,515 | +42.6% |
| Cash at bank and in hand | 54/58 | €92,815 | €117,961 | +€25,146 | +27.1% |
| Deferred charges and accrued income | 490/1 | €10,159 | €8,923 | -€1,236 | -12.2% |
| Total equity and liabilities | 10/49 | €374,759 | €408,580 | +€33,821 | +9.0% |
| Equity | 10/15 | €280,573 | €323,171 | +€42,598 | +15.2% |
| Contributions | 10/11 | €10,084 | €10,084 | = | 0.0% |
| Reserves | 13 | €270,489 | €313,087 | +€42,598 | +15.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €268,489 | €311,087 | +€42,598 | +15.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €94,186 | €85,409 | -€8,776 | -9.3% |
| Amounts payable after more than one year | 17 | €41,059 | €32,235 | -€8,823 | -21.5% |
| Financial debts | 170/4 | €41,059 | €32,235 | -€8,823 | -21.5% |
| Amounts payable within one year | 42/48 | €44,918 | €46,543 | +€1,625 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €8,657 | €8,823 | +€166 | +1.9% |
| Trade debts | 44 | €741 | €2,846 | +€2,105 | +284% |
| Suppliers | 440/4 | €741 | €2,846 | +€2,105 | +284% |
| Taxes, remuneration and social security | 45 | €35,520 | €34,874 | -€646 | -1.8% |
| Taxes | 450/3 | €35,520 | €34,874 | -€646 | -1.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,209 | €6,631 | -€1,578 | -19.2% |
| Non-recurring operating income | 76A | €4,635 | €0 | -€4,635 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,673 | €33,409 | +€737 | +2.3% |
| Other operating charges | 640/8 | €7,333 | €4,050 | -€3,283 | -44.8% |
| Gross operating margin | 9900 | €145,303 | €101,505 | -€43,797 | -30.1% |
| Operating profit (loss) | 9901 | €105,297 | €64,046 | -€41,251 | -39.2% |
| Financial income | 75/76B | €9 | €2,822 | +€2,813 | +29,703% |
| Recurring financial income | 75 | €9 | €2,822 | +€2,813 | +29,703% |
| Financial charges | 65/66B | €2,577 | €2,068 | -€509 | -19.8% |
| Recurring financial charges | 65 | €2,577 | €2,068 | -€509 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €102,729 | €64,800 | -€37,929 | -36.9% |
| Income taxes | 67/77 | €33,797 | €22,203 | -€11,595 | -34.3% |
| Profit (loss) for the period | 9904 | €68,932 | €42,598 | -€26,334 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,932 | €42,598 | -€26,334 | -38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.