SPEED UP: 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.
SPEED UP
Largest movements
- Cash -€28,439
down €28,439 (-100.0%), from €28,439 to €0
mainly Debts after one year (-€19,463) and Stocks and contracts (-€11,905)
- Stocks and contracts +€11,905
up €11,905 (+55.5%), from €21,437 to €33,342
- Receivables within one year +€3,993
up €3,993 (+2.0%), from €199,476 to €203,469
of which Other amounts receivable: +€198,581
- Debts after one year -€19,463
down €19,463 (-37.5%), from €51,890 to €32,427
- Short-term financial debts +€11,113
new in 2025: €11,113
- Trade debts -€7,728
down €7,728 (-12.9%), from €59,970 to €52,242
- Current portion of long-term debt +€2,660
up €2,660 (+14.4%), from €18,533 to €21,193
- Purchases and services -€29,117
down €29,117 (-11.8%), from €246,466 to €217,349
- Turnover -€28,202
down €28,202 (-10.7%), from €263,653 to €235,451
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 | €255,992 | €244,410 | -€11,582 | -4.5% |
| Fixed assets | 21/28 | €3,250 | €5,125 | +€1,875 | +57.7% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,250 | €5,125 | +€1,875 | +57.7% |
| Current assets | 29/58 | €252,742 | €239,285 | -€13,457 | -5.3% |
| Stocks and contracts in progress | 3 | €21,437 | €33,342 | +€11,905 | +55.5% |
| Stocks | 30/36 | €21,437 | €33,342 | +€11,905 | +55.5% |
| Amounts receivable within one year | 40/41 | €199,476 | €203,469 | +€3,993 | +2.0% |
| Trade receivables | 40 | €196,857 | €2,269 | -€194,588 | -98.8% |
| Other amounts receivable | 41 | €2,619 | €201,200 | +€198,581 | +7582.8% |
| Cash at bank and in hand | 54/58 | €28,439 | €0 | -€28,439 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,391 | €2,474 | -€917 | -27.0% |
| Total equity and liabilities | 10/49 | €255,992 | €244,410 | -€11,582 | -4.5% |
| Equity | 10/15 | €90,009 | €90,393 | +€385 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,996 | €2,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,141 | €1,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,813 | €81,198 | +€385 | +0.5% |
| Amounts payable | 17/49 | €165,984 | €154,017 | -€11,967 | -7.2% |
| Amounts payable after more than one year | 17 | €51,890 | €32,427 | -€19,463 | -37.5% |
| Financial debts | 170/4 | €51,890 | €32,427 | -€19,463 | -37.5% |
| Amounts payable within one year | 42/48 | €114,094 | €121,590 | +€7,496 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €18,533 | €21,193 | +€2,660 | +14.4% |
| Financial debts | 43 | - | €11,113 | +€11,113 | |
| Credit institutions | 430/8 | - | €11,113 | +€11,113 | |
| Trade debts | 44 | €59,970 | €52,242 | -€7,728 | -12.9% |
| Suppliers | 440/4 | €59,970 | €52,242 | -€7,728 | -12.9% |
| Taxes, remuneration and social security | 45 | €34,983 | €37,042 | +€2,059 | +5.9% |
| Taxes | 450/3 | €34,983 | €37,042 | +€2,059 | +5.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €608 | €0 | -€608 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €263,653 | €235,451 | -€28,202 | -10.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €246,466 | €217,349 | -€29,117 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,215 | - | -€2,215 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,431 | €1,733 | -€1,698 | -49.5% |
| Gross operating margin | 9900 | €21,252 | €22,167 | +€915 | +4.3% |
| Operating profit (loss) | 9901 | €15,606 | €20,434 | +€4,828 | +30.9% |
| Financial income | 75/76B | €254 | €0 | -€254 | -100.0% |
| Recurring financial income | 75 | €254 | €0 | -€254 | -100.0% |
| Financial charges | 65/66B | €12,754 | €14,413 | +€1,659 | +13.0% |
| Recurring financial charges | 65 | €12,754 | €14,413 | +€1,659 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €3,106 | €6,021 | +€2,915 | +93.9% |
| Income taxes | 67/77 | €4,197 | €5,636 | +€1,439 | +34.3% |
| Profit (loss) for the period | 9904 | -€1,091 | €385 | +€1,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,091 | €385 | +€1,476 |
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 2 October 2026 via checked.be.