StructurEA: 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.
StructurEA
Largest movements
- Receivables within one year +€510,491
up €510,491 (+144.2%), from €354,127 to €864,617
of which Trade receivables: +€445,386
- Tangible fixed assets -€101,457
down €101,457 (-25.8%), from €393,807 to €292,350
of which Plant, machinery and equipment: -€101,024
- Receivables after one year -€41,232
no longer reported in 2025 (was €41,232)
- Stocks and contracts +€13,506
new in 2025: €13,506
- Trade debts +€377,453
up €377,453 (+178.0%), from €212,002 to €589,455
- Debts after one year -€62,383
down €62,383 (-63.2%), from €98,774 to €36,390
- Current portion of long-term debt +€54,372
up €54,372 (+35.4%), from €153,658 to €208,030
- Other debts -€14,654
down €14,654 (-50.1%), from €29,249 to €14,595
- Tax, wage and social debts +€12,904
up €12,904 (+9.4%), from €136,722 to €149,626
- Gross operating margin -€27,064
down €27,064 (-12.9%), from €210,576 to €183,512
- Financial charges -€9,883
down €9,883 (-28.5%), from €34,652 to €24,769
- Taxes -€7,496
down €7,496 (-39.2%), from €19,144 to €11,648
- Other operating charges +€2,842
up €2,842 (+52.3%), from €5,429 to €8,271
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 | €820,164 | €1,181,736 | +€361,572 | +44.1% |
| Fixed assets | 21/28 | €399,269 | €295,367 | -€103,902 | -26.0% |
| Intangible fixed assets | 21 | €472 | €72 | -€400 | -84.7% |
| Tangible fixed assets | 22/27 | €393,807 | €292,350 | -€101,457 | -25.8% |
| Plant, machinery and equipment | 23 | €393,374 | €292,350 | -€101,024 | -25.7% |
| Furniture and vehicles | 24 | €433 | €0 | -€433 | -100.0% |
| Financial fixed assets | 28 | €4,990 | €2,945 | -€2,045 | -41.0% |
| Current assets | 29/58 | €420,895 | €886,368 | +€465,474 | +110.6% |
| Amounts receivable after more than one year | 29 | €41,232 | - | -€41,232 | |
| Trade receivables | 290 | €41,232 | - | -€41,232 | |
| Stocks and contracts in progress | 3 | - | €13,506 | +€13,506 | |
| Stocks | 30/36 | - | €13,506 | +€13,506 | |
| Amounts receivable within one year | 40/41 | €354,127 | €864,617 | +€510,491 | +144.2% |
| Trade receivables | 40 | €232,012 | €677,398 | +€445,386 | +192.0% |
| Other amounts receivable | 41 | €122,115 | €187,220 | +€65,105 | +53.3% |
| Cash at bank and in hand | 54/58 | €13,015 | €2,453 | -€10,563 | -81.2% |
| Deferred charges and accrued income | 490/1 | €12,521 | €5,792 | -€6,729 | -53.7% |
| Total equity and liabilities | 10/49 | €820,164 | €1,181,736 | +€361,572 | +44.1% |
| Equity | 10/15 | €133,063 | €127,155 | -€5,908 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,463 | €108,555 | -€5,908 | -5.2% |
| Amounts payable | 17/49 | €687,101 | €1,054,580 | +€367,480 | +53.5% |
| Amounts payable after more than one year | 17 | €98,774 | €36,390 | -€62,383 | -63.2% |
| Financial debts | 170/4 | €98,774 | €36,390 | -€62,383 | -63.2% |
| Amounts payable within one year | 42/48 | €587,577 | €1,017,651 | +€430,075 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €153,658 | €208,030 | +€54,372 | +35.4% |
| Financial debts | 43 | €55,946 | €55,946 | = | 0.0% |
| Credit institutions | 430/8 | €55,946 | €55,946 | = | 0.0% |
| Trade debts | 44 | €212,002 | €589,455 | +€377,453 | +178.0% |
| Suppliers | 440/4 | €212,002 | €589,455 | +€377,453 | +178.0% |
| Taxes, remuneration and social security | 45 | €136,722 | €149,626 | +€12,904 | +9.4% |
| Taxes | 450/3 | €136,722 | €149,626 | +€12,904 | +9.4% |
| Other amounts payable | 47/48 | €29,249 | €14,595 | -€14,654 | -50.1% |
| Accrued charges and deferred income | 492/3 | €750 | €539 | -€211 | -28.2% |
| Remuneration, social security and pensions | 62 | €232 | €75 | -€157 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,064 | €147,077 | +€2,013 | +1.4% |
| Other operating charges | 640/8 | €5,429 | €8,271 | +€2,842 | +52.3% |
| Gross operating margin | 9900 | €210,576 | €183,512 | -€27,064 | -12.9% |
| Operating profit (loss) | 9901 | €59,851 | €28,089 | -€31,762 | -53.1% |
| Financial income | 75/76B | €2,035 | €2,420 | +€384 | +18.9% |
| Recurring financial income | 75 | €2,035 | €2,420 | +€384 | +18.9% |
| Financial charges | 65/66B | €34,652 | €24,769 | -€9,883 | -28.5% |
| Recurring financial charges | 65 | €34,652 | €24,769 | -€9,883 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €27,234 | €5,740 | -€21,494 | -78.9% |
| Income taxes | 67/77 | €19,144 | €11,648 | -€7,496 | -39.2% |
| Profit (loss) for the period | 9904 | €8,090 | -€5,908 | -€13,998 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,090 | -€5,908 | -€13,998 |
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 9 October 2026 via checked.be.