STRUCTUR³: 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.
STRUCTUR³
Largest movements
- Receivables within one year -€86,224
down €86,224 (-56.0%), from €154,007 to €67,783
of which Trade receivables: -€83,960
- Cash +€47,116
up €47,116 (+34.0%), from €138,641 to €185,757
mainly Receivables within one year (+€86,224) and Deferred charges and accrued income (+€29,545)
- Deferred charges and accrued income -€29,545
down €29,545 (-61.6%), from €47,928 to €18,383
- Tax, wage and social debts -€30,690
down €30,690 (-42.7%), from €71,869 to €41,179
of which Taxes: -€27,026
- Trade debts -€30,108
down €30,108 (-18.2%), from €165,425 to €135,317
- Other debts -€6,155
no longer reported in 2025 (was €6,155)
- Current portion of long-term debt -€5,123
no longer reported in 2025 (was €5,123)
- Staff costs +€6,695
up €6,695 (+6.5%), from €103,257 to €109,952
- Taxes -€2,817
down €2,817 (-77.3%), from €3,643 to €826
- Financial income -€2,719
down €2,719 (-84.6%), from €3,215 to €496
- Gross operating margin -€2,169
down €2,169 (-1.8%), from €117,784 to €115,615
- Depreciation -€1,285
down €1,285 (-25.8%), from €4,973 to €3,687
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 | €350,674 | €278,334 | -€72,340 | -20.6% |
| Fixed assets | 21/28 | €10,098 | €6,410 | -€3,687 | -36.5% |
| Intangible fixed assets | 21 | €6,109 | €2,866 | -€3,242 | -53.1% |
| Tangible fixed assets | 22/27 | €1,919 | €1,474 | -€445 | -23.2% |
| Plant, machinery and equipment | 23 | €164 | €24 | -€139 | -85.1% |
| Furniture and vehicles | 24 | €1,755 | €1,450 | -€306 | -17.4% |
| Financial fixed assets | 28 | €2,070 | €2,070 | = | 0.0% |
| Current assets | 29/58 | €340,576 | €271,923 | -€68,653 | -20.2% |
| Amounts receivable within one year | 40/41 | €154,007 | €67,783 | -€86,224 | -56.0% |
| Trade receivables | 40 | €135,078 | €51,118 | -€83,960 | -62.2% |
| Other amounts receivable | 41 | €18,929 | €16,665 | -€2,264 | -12.0% |
| Cash at bank and in hand | 54/58 | €138,641 | €185,757 | +€47,116 | +34.0% |
| Deferred charges and accrued income | 490/1 | €47,928 | €18,383 | -€29,545 | -61.6% |
| Total equity and liabilities | 10/49 | €350,674 | €278,334 | -€72,340 | -20.6% |
| Equity | 10/15 | €102,102 | €101,702 | -€400 | -0.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,102 | €71,702 | -€400 | -0.6% |
| Amounts payable | 17/49 | €248,571 | €176,632 | -€71,940 | -28.9% |
| Amounts payable within one year | 42/48 | €248,571 | €176,497 | -€72,075 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €5,123 | - | -€5,123 | |
| Trade debts | 44 | €165,425 | €135,317 | -€30,108 | -18.2% |
| Suppliers | 440/4 | €165,425 | €135,317 | -€30,108 | -18.2% |
| Taxes, remuneration and social security | 45 | €71,869 | €41,179 | -€30,690 | -42.7% |
| Taxes | 450/3 | €51,964 | €24,938 | -€27,026 | -52.0% |
| Remuneration and social security | 454/9 | €19,905 | €16,241 | -€3,664 | -18.4% |
| Other amounts payable | 47/48 | €6,155 | - | -€6,155 | |
| Accrued charges and deferred income | 492/3 | - | €135 | +€135 | |
| Remuneration, social security and pensions | 62 | €103,257 | €109,952 | +€6,695 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,973 | €3,687 | -€1,285 | -25.8% |
| Other operating charges | 640/8 | €1,272 | €1,701 | +€430 | +33.8% |
| Gross operating margin | 9900 | €117,784 | €115,615 | -€2,169 | -1.8% |
| Operating profit (loss) | 9901 | €8,283 | €275 | -€8,009 | -96.7% |
| Financial income | 75/76B | €3,215 | €496 | -€2,719 | -84.6% |
| Recurring financial income | 75 | €3,215 | €496 | -€2,719 | -84.6% |
| Financial charges | 65/66B | €209 | €344 | +€136 | +64.9% |
| Recurring financial charges | 65 | €209 | €344 | +€136 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €11,289 | €426 | -€10,863 | -96.2% |
| Income taxes | 67/77 | €3,643 | €826 | -€2,817 | -77.3% |
| Profit (loss) for the period | 9904 | €7,646 | -€400 | -€8,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,646 | -€400 | -€8,047 |
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 13 October 2026 via checked.be.