SUCCESS LOADING: 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.
SUCCESS LOADING
Largest movements
- Receivables within one year +€314,094
up €314,094 (+281.9%), from €111,411 to €425,505
of which Other amounts receivable: +€251,293
- Tangible fixed assets +€35,140
up €35,140 (+48.5%), from €72,401 to €107,541
of which Land and buildings: +€46,214
- Debts after one year +€122,546
up €122,546 (+228.6%), from €53,605 to €176,151
- Reserves +€116,009
up €116,009 (+146.3%), from €79,310 to €195,319
- Tax, wage and social debts +€68,872
up €68,872 (+221.0%), from €31,166 to €100,038
- Current portion of long-term debt +€39,387
up €39,387 (+296.5%), from €13,285 to €52,672
- Gross operating margin +€84,564
up €84,564 (+85.1%), from €99,397 to €183,961
- Taxes +€23,386
up €23,386 (+156.1%), from €14,986 to €38,372
- Financial charges -€10,025
down €10,025 (-52.7%), from €19,017 to €8,992
of which Non-recurring financial charges: -€16,502
- Depreciation +€7,106
up €7,106 (+55.0%), from €12,908 to €20,013
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 | €190,160 | €538,356 | +€348,196 | +183.1% |
| Fixed assets | 21/28 | €72,401 | €110,541 | +€38,140 | +52.7% |
| Tangible fixed assets | 22/27 | €72,401 | €107,541 | +€35,140 | +48.5% |
| Land and buildings | 22 | €1,286 | €47,500 | +€46,214 | +3594.9% |
| Furniture and vehicles | 24 | €71,116 | €60,041 | -€11,075 | -15.6% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €117,759 | €427,815 | +€310,056 | +263.3% |
| Amounts receivable within one year | 40/41 | €111,411 | €425,505 | +€314,094 | +281.9% |
| Trade receivables | 40 | €98,311 | €161,112 | +€62,801 | +63.9% |
| Other amounts receivable | 41 | €13,100 | €264,393 | +€251,293 | +1918.3% |
| Cash at bank and in hand | 54/58 | €6,098 | €2,310 | -€3,788 | -62.1% |
| Deferred charges and accrued income | 490/1 | €250 | €0 | -€250 | -100.0% |
| Total equity and liabilities | 10/49 | €190,160 | €538,356 | +€348,196 | +183.1% |
| Equity | 10/15 | €89,310 | €205,319 | +€116,009 | +129.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €79,310 | €195,319 | +€116,009 | +146.3% |
| Distributable reserves | 133 | €79,310 | €195,319 | +€116,009 | +146.3% |
| Amounts payable | 17/49 | €100,850 | €333,036 | +€232,186 | +230.2% |
| Amounts payable after more than one year | 17 | €53,605 | €176,151 | +€122,546 | +228.6% |
| Financial debts | 170/4 | €53,605 | €176,151 | +€122,546 | +228.6% |
| Amounts payable within one year | 42/48 | €47,245 | €152,710 | +€105,465 | +223.2% |
| Current portion of amounts payable after more than one year | 42 | €13,285 | €52,672 | +€39,387 | +296.5% |
| Trade debts | 44 | €1,440 | €0 | -€1,440 | -100.0% |
| Suppliers | 440/4 | €1,440 | €0 | -€1,440 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,166 | €100,038 | +€68,872 | +221.0% |
| Taxes | 450/3 | €31,166 | €100,038 | +€68,872 | +221.0% |
| Other amounts payable | 47/48 | €1,354 | €0 | -€1,354 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €4,175 | +€4,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,908 | €20,013 | +€7,106 | +55.0% |
| Other operating charges | 640/8 | €816 | €574 | -€242 | -29.6% |
| Gross operating margin | 9900 | €99,397 | €183,961 | +€84,564 | +85.1% |
| Operating profit (loss) | 9901 | €85,673 | €163,374 | +€77,701 | +90.7% |
| Financial charges | 65/66B | €19,017 | €8,992 | -€10,025 | -52.7% |
| Recurring financial charges | 65 | €2,515 | €8,992 | +€6,477 | +257.6% |
| Non-recurring financial charges | 66B | €16,502 | - | -€16,502 | |
| Profit (loss) for the period before taxes | 9903 | €66,656 | €154,382 | +€87,726 | +131.6% |
| Income taxes | 67/77 | €14,986 | €38,372 | +€23,386 | +156.1% |
| Profit (loss) for the period | 9904 | €51,670 | €116,009 | +€64,340 | +124.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,670 | €116,009 | +€64,340 | +124.5% |
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 29 September 2026 via checked.be.