STICKER: 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.
STICKER
Largest movements
- Tangible fixed assets -€12,346
down €12,346 (-23.3%), from €53,101 to €40,755
of which Leasing and similar rights: -€13,839
- Current investments +€4,660
up €4,660 (+13.9%), from €33,592 to €38,252
- Deferred charges and accrued income -€2,579
down €2,579 (-77.5%), from €3,326 to €747
- Debts after one year -€9,918
down €9,918 (-44.9%), from €22,089 to €12,171
- Trade debts +€4,317
up €4,317 (+44.1%), from €9,798 to €14,115
- Tax, wage and social debts -€3,370
down €3,370 (-37.5%), from €8,997 to €5,627
of which Taxes: -€3,370
- Current portion of long-term debt +€2,014
up €2,014 (+23.2%), from €8,694 to €10,708
- Reserves -€1,981
down €1,981 (-2.9%), from €68,057 to €66,076
- Depreciation -€5,712
down €5,712 (-21.2%), from €26,972 to €21,261
- Gross operating margin -€3,708
down €3,708 (-15.1%), from €24,624 to €20,915
- Financial income +€1,680
up €1,680 (+262.8%), from €639 to €2,319
- Financial charges -€1,461
down €1,461 (-51.1%), from €2,856 to €1,395
- Taxes +€451
up €451 (+34.5%), from €1,308 to €1,758
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 | €143,078 | €134,665 | -€8,413 | -5.9% |
| Fixed assets | 21/28 | €53,126 | €40,780 | -€12,346 | -23.2% |
| Tangible fixed assets | 22/27 | €53,101 | €40,755 | -€12,346 | -23.3% |
| Plant, machinery and equipment | 23 | €6,195 | €8,407 | +€2,212 | +35.7% |
| Furniture and vehicles | 24 | €3,350 | €2,630 | -€719 | -21.5% |
| Leasing and similar rights | 25 | €42,936 | €29,097 | -€13,839 | -32.2% |
| Other tangible fixed assets | 26 | €621 | €621 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €89,951 | €93,885 | +€3,933 | +4.4% |
| Amounts receivable within one year | 40/41 | €26,963 | €27,462 | +€499 | +1.9% |
| Trade receivables | 40 | €23,093 | €26,071 | +€2,978 | +12.9% |
| Other amounts receivable | 41 | €3,870 | €1,391 | -€2,479 | -64.1% |
| Current investments | 50/53 | €33,592 | €38,252 | +€4,660 | +13.9% |
| Cash at bank and in hand | 54/58 | €26,070 | €27,423 | +€1,353 | +5.2% |
| Deferred charges and accrued income | 490/1 | €3,326 | €747 | -€2,579 | -77.5% |
| Total equity and liabilities | 10/49 | €143,078 | €134,665 | -€8,413 | -5.9% |
| Equity | 10/15 | €80,457 | €78,476 | -€1,981 | -2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €68,057 | €66,076 | -€1,981 | -2.9% |
| Distributable reserves | 133 | €68,057 | €66,076 | -€1,981 | -2.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €62,621 | €56,189 | -€6,432 | -10.3% |
| Amounts payable after more than one year | 17 | €22,089 | €12,171 | -€9,918 | -44.9% |
| Financial debts | 170/4 | €22,089 | €12,171 | -€9,918 | -44.9% |
| Amounts payable within one year | 42/48 | €40,507 | €43,234 | +€2,726 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €8,694 | €10,708 | +€2,014 | +23.2% |
| Trade debts | 44 | €9,798 | €14,115 | +€4,317 | +44.1% |
| Suppliers | 440/4 | €9,798 | €14,115 | +€4,317 | +44.1% |
| Taxes, remuneration and social security | 45 | €8,997 | €5,627 | -€3,370 | -37.5% |
| Taxes | 450/3 | €7,397 | €4,027 | -€3,370 | -45.6% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €13,019 | €12,783 | -€235 | -1.8% |
| Accrued charges and deferred income | 492/3 | €25 | €785 | +€760 | +3069.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,972 | €21,261 | -€5,712 | -21.2% |
| Other operating charges | 640/8 | €602 | €801 | +€199 | +33.0% |
| Gross operating margin | 9900 | €24,624 | €20,915 | -€3,708 | -15.1% |
| Operating profit (loss) | 9901 | -€2,951 | -€1,146 | +€1,805 | +61.2% |
| Financial income | 75/76B | €639 | €2,319 | +€1,680 | +262.8% |
| Recurring financial income | 75 | €639 | €2,319 | +€1,680 | +262.8% |
| Financial charges | 65/66B | €2,856 | €1,395 | -€1,461 | -51.1% |
| Recurring financial charges | 65 | €2,856 | €1,395 | -€1,461 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,168 | -€223 | +€4,945 | +95.7% |
| Income taxes | 67/77 | €1,308 | €1,758 | +€451 | +34.5% |
| Profit (loss) for the period | 9904 | -€6,475 | -€1,981 | +€4,494 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,475 | -€1,981 | +€4,494 | +69.4% |
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 7 October 2026 via checked.be.