SOLUTIONS & SUSTAINABILITY: 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 & SUSTAINABILITY
Largest movements
- Cash +€76,286
up €76,286 (+1,012%), from €7,536 to €83,823
mainly Net result for the year (+€57,342) and Depreciation (+€10,785)
- Receivables within one year -€10,577
down €10,577 (-54.6%), from €19,366 to €8,790
of which Trade receivables: -€12,061
- Tangible fixed assets -€4,002
down €4,002 (-1.8%), from €221,423 to €217,420
of which Land and buildings: -€6,138
- Profit (loss) carried forward +€57,342
up €57,342 (+27.7%), from €207,042 to €264,384
- Gross operating margin +€11,229
up €11,229 (+14.4%), from €78,135 to €89,365
- Taxes +€2,051
up €2,051 (+16.4%), from €12,465 to €14,516
- Depreciation +€1,458
up €1,458 (+15.6%), from €9,327 to €10,785
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 | €293,618 | €355,513 | +€61,895 | +21.1% |
| Fixed assets | 21/28 | €221,423 | €217,420 | -€4,002 | -1.8% |
| Tangible fixed assets | 22/27 | €221,423 | €217,420 | -€4,002 | -1.8% |
| Land and buildings | 22 | €197,151 | €191,013 | -€6,138 | -3.1% |
| Plant, machinery and equipment | 23 | €21,962 | €23,790 | +€1,828 | +8.3% |
| Furniture and vehicles | 24 | €2,310 | €2,618 | +€308 | +13.4% |
| Current assets | 29/58 | €72,195 | €138,092 | +€65,897 | +91.3% |
| Amounts receivable within one year | 40/41 | €19,366 | €8,790 | -€10,577 | -54.6% |
| Trade receivables | 40 | €18,832 | €6,771 | -€12,061 | -64.0% |
| Other amounts receivable | 41 | €535 | €2,019 | +€1,484 | +278% |
| Current investments | 50/53 | €44,872 | €44,872 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,536 | €83,823 | +€76,286 | +1,012% |
| Deferred charges and accrued income | 490/1 | €420 | €608 | +€188 | +44.7% |
| Total equity and liabilities | 10/49 | €293,618 | €355,513 | +€61,895 | +21.1% |
| Equity | 10/15 | €209,042 | €266,384 | +€57,342 | +27.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,042 | €264,384 | +€57,342 | +27.7% |
| Amounts payable | 17/49 | €84,576 | €89,129 | +€4,553 | +5.4% |
| Amounts payable within one year | 42/48 | €84,576 | €88,729 | +€4,153 | +4.9% |
| Trade debts | 44 | €771 | €454 | -€318 | -41.2% |
| Suppliers | 440/4 | €771 | €454 | -€318 | -41.2% |
| Taxes, remuneration and social security | 45 | €5,595 | €6,763 | +€1,168 | +20.9% |
| Taxes | 450/3 | €5,595 | €6,763 | +€1,168 | +20.9% |
| Other amounts payable | 47/48 | €78,210 | €81,513 | +€3,303 | +4.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,327 | €10,785 | +€1,458 | +15.6% |
| Other operating charges | 640/8 | €922 | €898 | -€24 | -2.6% |
| Gross operating margin | 9900 | €78,135 | €89,365 | +€11,229 | +14.4% |
| Operating profit (loss) | 9901 | €67,886 | €77,681 | +€9,796 | +14.4% |
| Financial income | 75/76B | €106 | €32 | -€74 | -69.7% |
| Recurring financial income | 75 | €106 | €32 | -€74 | -69.7% |
| Financial charges | 65/66B | €6,232 | €5,855 | -€377 | -6.0% |
| Recurring financial charges | 65 | €6,232 | €5,855 | -€377 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €61,759 | €71,858 | +€10,099 | +16.4% |
| Income taxes | 67/77 | €12,465 | €14,516 | +€2,051 | +16.4% |
| Profit (loss) for the period | 9904 | €49,294 | €57,342 | +€8,048 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,294 | €57,342 | +€8,048 | +16.3% |
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 25 October 2026 via checked.be.