SUPPLY CHAIN@WORK: 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.
SUPPLY CHAIN@WORK
Largest movements
- Tangible fixed assets -€17,305
down €17,305 (-28.8%), from €60,094 to €42,789
- Cash +€8,101
up €8,101 (+2.0%), from €402,307 to €410,408
mainly Net result for the year (+€100,813) and Depreciation (+€17,305)
- Debts after one year -€15,929
down €15,929 (-45.6%), from €34,941 to €19,011
- Reserves +€10,813
up €10,813 (+1.5%), from €712,032 to €722,845
of which Distributable reserves: +€10,813
- Tax, wage and social debts -€7,904
down €7,904 (-34.1%), from €23,164 to €15,260
of which Taxes: -€7,904
- Gross operating margin +€16,410
up €16,410 (+11.1%), from €148,406 to €164,817
- Taxes +€11,702
up €11,702 (+31.1%), from €37,638 to €49,339
- Financial income +€2,509
up €2,509 (+91.6%), from €2,738 to €5,248
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 | €786,624 | €774,556 | -€12,068 | -1.5% |
| Fixed assets | 21/28 | €260,094 | €242,789 | -€17,305 | -6.7% |
| Tangible fixed assets | 22/27 | €60,094 | €42,789 | -€17,305 | -28.8% |
| Furniture and vehicles | 24 | €60,094 | €42,789 | -€17,305 | -28.8% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €526,530 | €531,766 | +€5,236 | +1.0% |
| Amounts receivable within one year | 40/41 | €124,017 | €120,330 | -€3,687 | -3.0% |
| Trade receivables | 40 | €65,945 | €62,920 | -€3,025 | -4.6% |
| Other amounts receivable | 41 | €58,072 | €57,410 | -€662 | -1.1% |
| Cash at bank and in hand | 54/58 | €402,307 | €410,408 | +€8,101 | +2.0% |
| Deferred charges and accrued income | 490/1 | €206 | €1,029 | +€822 | +399.0% |
| Total equity and liabilities | 10/49 | €786,624 | €774,556 | -€12,068 | -1.5% |
| Equity | 10/15 | €712,032 | €722,845 | +€10,813 | +1.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €712,032 | €722,845 | +€10,813 | +1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €712,032 | €722,845 | +€10,813 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,592 | €51,711 | -€22,881 | -30.7% |
| Amounts payable after more than one year | 17 | €34,941 | €19,011 | -€15,929 | -45.6% |
| Financial debts | 170/4 | €34,941 | €19,011 | -€15,929 | -45.6% |
| Amounts payable within one year | 42/48 | €39,651 | €32,699 | -€6,952 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €15,599 | €15,929 | +€331 | +2.1% |
| Financial debts | 43 | €31 | €70 | +€39 | +124.8% |
| Credit institutions | 430/8 | €31 | €70 | +€39 | +124.8% |
| Trade debts | 44 | €857 | €1,440 | +€583 | +68.0% |
| Suppliers | 440/4 | €857 | €1,440 | +€583 | +68.0% |
| Taxes, remuneration and social security | 45 | €23,164 | €15,260 | -€7,904 | -34.1% |
| Taxes | 450/3 | €20,929 | €13,025 | -€7,904 | -37.8% |
| Remuneration and social security | 454/9 | €2,235 | €2,235 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,305 | €17,305 | = | 0.0% |
| Other operating charges | 640/8 | €2,112 | €1,208 | -€904 | -42.8% |
| Gross operating margin | 9900 | €148,406 | €164,817 | +€16,410 | +11.1% |
| Operating profit (loss) | 9901 | €128,990 | €146,304 | +€17,314 | +13.4% |
| Financial income | 75/76B | €2,738 | €5,248 | +€2,509 | +91.6% |
| Recurring financial income | 75 | €2,738 | €5,248 | +€2,509 | +91.6% |
| Financial charges | 65/66B | €1,658 | €1,400 | -€257 | -15.5% |
| Recurring financial charges | 65 | €1,658 | €1,400 | -€257 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €130,071 | €150,152 | +€20,081 | +15.4% |
| Income taxes | 67/77 | €37,638 | €49,339 | +€11,702 | +31.1% |
| Profit (loss) for the period | 9904 | €92,433 | €100,813 | +€8,380 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,433 | €100,813 | +€8,380 | +9.1% |
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 12 October 2026 via checked.be.