STRUCTURE PRODUCTION: 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.
STRUCTURE PRODUCTION
Largest movements
- Cash -€5,945
down €5,945 (-100%), from €5,945 to €0
mainly Trade debts (-€10,810) and Current portion of long-term debt (-€8,958)
- Profit (loss) carried forward +€17,581
up €17,581 (+63.8%), from -€27,543 to -€9,962
- Trade debts -€10,810
down €10,810 (-13.4%), from €80,399 to €69,589
- Current portion of long-term debt -€8,958
down €8,958 (-66.1%), from €13,552 to €4,594
- Tax, wage and social debts -€5,629
down €5,629 (-71.6%), from €7,856 to €2,228
- Short-term financial debts +€4,722
new in 2025: €4,722
- Gross operating margin +€43,316
up €43,316, from -€29,229 to €14,088
- Other operating charges -€1,444
down €1,444 (-71.7%), from €2,014 to €570
- Financial charges -€1,091
down €1,091 (-41.2%), from €2,648 to €1,556
- Financial income -€630
down €630 (-8.0%), from €7,913 to €7,283
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 | €203,020 | €195,332 | -€7,688 | -3.8% |
| Fixed assets | 21/28 | €6,358 | €5,155 | -€1,203 | -18.9% |
| Tangible fixed assets | 22/27 | €3,808 | €2,605 | -€1,203 | -31.6% |
| Furniture and vehicles | 24 | €3,808 | €2,605 | -€1,203 | -31.6% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €196,662 | €190,177 | -€6,485 | -3.3% |
| Amounts receivable within one year | 40/41 | €190,190 | €190,177 | -€13 | 0.0% |
| Trade receivables | 40 | €52,235 | €48,386 | -€3,849 | -7.4% |
| Other amounts receivable | 41 | €137,955 | €141,791 | +€3,837 | +2.8% |
| Cash at bank and in hand | 54/58 | €5,945 | €0 | -€5,945 | -100% |
| Deferred charges and accrued income | 490/1 | €527 | €0 | -€527 | -100% |
| Total equity and liabilities | 10/49 | €203,020 | €195,332 | -€7,688 | -3.8% |
| Equity | 10/15 | €96,619 | €114,199 | +€17,581 | +18.2% |
| Contributions | 10/11 | €33,180 | €33,180 | = | 0.0% |
| Reserves | 13 | €90,981 | €90,981 | = | 0.0% |
| Distributable reserves | 133 | €90,981 | €90,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,543 | -€9,962 | +€17,581 | +63.8% |
| Amounts payable | 17/49 | €106,401 | €81,133 | -€25,268 | -23.7% |
| Amounts payable after more than one year | 17 | €4,594 | €0 | -€4,594 | -100% |
| Financial debts | 170/4 | €4,594 | €0 | -€4,594 | -100% |
| Amounts payable within one year | 42/48 | €101,807 | €81,133 | -€20,674 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €13,552 | €4,594 | -€8,958 | -66.1% |
| Financial debts | 43 | - | €4,722 | +€4,722 | |
| Credit institutions | 430/8 | - | €4,722 | +€4,722 | |
| Trade debts | 44 | €80,399 | €69,589 | -€10,810 | -13.4% |
| Suppliers | 440/4 | €80,399 | €69,589 | -€10,810 | -13.4% |
| Taxes, remuneration and social security | 45 | €7,856 | €2,228 | -€5,629 | -71.6% |
| Taxes | 450/3 | €7,856 | €2,228 | -€5,629 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | €1,203 | = | 0.0% |
| Other operating charges | 640/8 | €2,014 | €570 | -€1,444 | -71.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€29,229 | €14,088 | +€43,316 | |
| Operating profit (loss) | 9901 | -€32,445 | €12,315 | +€44,760 | |
| Financial income | 75/76B | €7,913 | €7,283 | -€630 | -8.0% |
| Recurring financial income | 75 | €7,913 | €7,283 | -€630 | -8.0% |
| Financial charges | 65/66B | €2,648 | €1,556 | -€1,091 | -41.2% |
| Recurring financial charges | 65 | €2,648 | €1,556 | -€1,091 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,180 | €18,042 | +€45,222 | |
| Income taxes | 67/77 | €363 | €461 | +€99 | +27.2% |
| Profit (loss) for the period | 9904 | -€27,543 | €17,581 | +€45,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,543 | €17,581 | +€45,123 |
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 15 October 2026 via checked.be.