STYLE COPY PRINT: 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.
STYLE COPY PRINT
Largest movements
- Receivables within one year +€16,943
up €16,943 (+37.8%), from €44,869 to €61,812
of which Trade receivables: +€9,584
- Tangible fixed assets +€10,698
up €10,698 (+18.5%), from €57,914 to €68,612
of which Furniture and vehicles: +€24,514
- Cash +€10,443
up €10,443 (+50.6%), from €20,641 to €31,084
mainly Depreciation (+€28,524) and Current portion of long-term debt (+€27,330)
- Receivables after one year +€10,425
up €10,425 (+33.6%), from €31,028 to €41,453
- Deferred charges and accrued income +€2,847
up €2,847 (+48.9%), from €5,819 to €8,666
- Current portion of long-term debt +€27,330
up €27,330 (+156%), from €17,483 to €44,814
- Debts after one year +€25,032
up €25,032 (+129%), from €19,346 to €44,377
- Tax, wage and social debts +€16,615
up €16,615 (+62.7%), from €26,499 to €43,114
of which Remuneration and social security: +€15,185
- Short-term financial debts -€12,674
down €12,674 (-43.5%), from €29,161 to €16,486
of which Other loans: -€9,375
- Trade debts -€5,072
down €5,072 (-94.7%), from €5,358 to €286
- Turnover +€582,576
new in 2025: €582,576
- Purchases and services +€392,243
new in 2025: €392,243
- Gross operating margin -€22,940
down €22,940 (-10.2%), from €224,813 to €201,873
- Staff costs +€18,202
up €18,202 (+12.9%), from €140,904 to €159,107
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 | €192,919 | €243,388 | +€50,468 | +26.2% |
| Fixed assets | 21/28 | €60,572 | €69,162 | +€8,591 | +14.2% |
| Intangible fixed assets | 21 | €2,538 | €431 | -€2,107 | -83.0% |
| Tangible fixed assets | 22/27 | €57,914 | €68,612 | +€10,698 | +18.5% |
| Plant, machinery and equipment | 23 | €44,997 | €22,129 | -€22,868 | -50.8% |
| Furniture and vehicles | 24 | €6,644 | €31,157 | +€24,514 | +369% |
| Other tangible fixed assets | 26 | €6,273 | €15,325 | +€9,052 | +144% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €132,348 | €174,225 | +€41,878 | +31.6% |
| Amounts receivable after more than one year | 29 | €31,028 | €41,453 | +€10,425 | +33.6% |
| Other amounts receivable | 291 | €31,028 | €41,453 | +€10,425 | +33.6% |
| Stocks and contracts in progress | 3 | €29,991 | €31,211 | +€1,220 | +4.1% |
| Stocks | 30/36 | €29,991 | €31,211 | +€1,220 | +4.1% |
| Amounts receivable within one year | 40/41 | €44,869 | €61,812 | +€16,943 | +37.8% |
| Trade receivables | 40 | €44,836 | €54,420 | +€9,584 | +21.4% |
| Other amounts receivable | 41 | €33 | €7,392 | +€7,359 | +22,575% |
| Cash at bank and in hand | 54/58 | €20,641 | €31,084 | +€10,443 | +50.6% |
| Deferred charges and accrued income | 490/1 | €5,819 | €8,666 | +€2,847 | +48.9% |
| Total equity and liabilities | 10/49 | €192,919 | €243,388 | +€50,468 | +26.2% |
| Equity | 10/15 | €87,072 | €87,774 | +€701 | +0.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €35,250 | €35,250 | = | 0.0% |
| Distributable reserves | 133 | €35,250 | €35,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,822 | €33,524 | +€701 | +2.1% |
| Amounts payable | 17/49 | €105,847 | €155,614 | +€49,767 | +47.0% |
| Amounts payable after more than one year | 17 | €19,346 | €44,377 | +€25,032 | +129% |
| Financial debts | 170/4 | €19,346 | €44,377 | +€25,032 | +129% |
| Amounts payable within one year | 42/48 | €86,501 | €111,237 | +€24,735 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €17,483 | €44,814 | +€27,330 | +156% |
| Financial debts | 43 | €29,161 | €16,486 | -€12,674 | -43.5% |
| Credit institutions | 430/8 | €19,786 | €16,486 | -€3,299 | -16.7% |
| Other loans | 439 | €9,375 | €0 | -€9,375 | -100% |
| Trade debts | 44 | €5,358 | €286 | -€5,072 | -94.7% |
| Suppliers | 440/4 | €5,358 | €286 | -€5,072 | -94.7% |
| Taxes, remuneration and social security | 45 | €26,499 | €43,114 | +€16,615 | +62.7% |
| Taxes | 450/3 | €7,660 | €9,089 | +€1,429 | +18.7% |
| Remuneration and social security | 454/9 | €18,840 | €34,025 | +€15,185 | +80.6% |
| Other amounts payable | 47/48 | €8,000 | €6,537 | -€1,464 | -18.3% |
| Turnover | 70 | - | €582,576 | +€582,576 | |
| Non-recurring operating income | 76A | €4,545 | €0 | -€4,545 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €392,243 | +€392,243 | |
| Remuneration, social security and pensions | 62 | €140,904 | €159,107 | +€18,202 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,230 | €28,524 | -€3,706 | -11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,500 | €0 | -€2,500 | -100% |
| Other operating charges | 640/8 | €3,727 | €5,437 | +€1,710 | +45.9% |
| Non-recurring operating charges | 66A | €540 | €0 | -€540 | -100% |
| Gross operating margin | 9900 | €224,813 | €201,873 | -€22,940 | -10.2% |
| Operating profit (loss) | 9901 | €44,912 | €8,806 | -€36,106 | -80.4% |
| Financial income | 75/76B | €425 | €1,619 | +€1,194 | +281% |
| Recurring financial income | 75 | €425 | €1,619 | +€1,194 | +281% |
| Financial charges | 65/66B | €4,279 | €6,319 | +€2,040 | +47.7% |
| Recurring financial charges | 65 | €4,279 | €6,319 | +€2,040 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €41,058 | €4,106 | -€36,952 | -90.0% |
| Income taxes | 67/77 | €1,511 | €3,404 | +€1,893 | +125% |
| Profit (loss) for the period | 9904 | €39,547 | €701 | -€38,846 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,547 | €701 | -€38,846 | -98.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.