SUPPLY VALUE: 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.
SUPPLY VALUE
Largest movements
- Cash +€36,695
up €36,695 (+244.9%), from €14,981 to €51,676
mainly Net result for the year (+€21,556) and Tax, wage and social debts (+€9,519)
- Receivables after one year -€7,289
down €7,289 (-66.2%), from €11,009 to €3,720
- Tangible fixed assets -€6,199
down €6,199 (-23.6%), from €26,233 to €20,034
of which Furniture and vehicles: -€7,399
- Receivables within one year +€5,788
up €5,788 (+12.2%), from €47,566 to €53,354
of which Trade receivables: +€5,430
- Reserves +€21,556
up €21,556 (+31.6%), from €68,248 to €89,804
- Tax, wage and social debts +€9,519
up €9,519 (+77.5%), from €12,277 to €21,796
- Other debts -€2,166
down €2,166 (-13.4%), from €16,216 to €14,050
- Gross operating margin +€14,167
up €14,167 (+46.2%), from €30,659 to €44,826
- Other operating charges +€6,237
up €6,237 (+340.6%), from €1,831 to €8,068
- Taxes +€5,977
up €5,977 (+309.0%), from €1,934 to €7,911
- Depreciation -€1,010
down €1,010 (-11.6%), from €8,672 to €7,663
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 | €102,101 | €130,374 | +€28,274 | +27.7% |
| Fixed assets | 21/28 | €26,233 | €20,034 | -€6,199 | -23.6% |
| Tangible fixed assets | 22/27 | €26,233 | €20,034 | -€6,199 | -23.6% |
| Land and buildings | 22 | €974 | €946 | -€28 | -2.9% |
| Plant, machinery and equipment | 23 | - | €1,228 | +€1,228 | |
| Furniture and vehicles | 24 | €25,259 | €17,860 | -€7,399 | -29.3% |
| Current assets | 29/58 | €75,867 | €110,340 | +€34,473 | +45.4% |
| Amounts receivable after more than one year | 29 | €11,009 | €3,720 | -€7,289 | -66.2% |
| Other amounts receivable | 291 | €11,009 | €3,720 | -€7,289 | -66.2% |
| Amounts receivable within one year | 40/41 | €47,566 | €53,354 | +€5,788 | +12.2% |
| Trade receivables | 40 | €40,474 | €45,905 | +€5,430 | +13.4% |
| Other amounts receivable | 41 | €7,091 | €7,449 | +€358 | +5.0% |
| Cash at bank and in hand | 54/58 | €14,981 | €51,676 | +€36,695 | +244.9% |
| Deferred charges and accrued income | 490/1 | €2,312 | €1,590 | -€721 | -31.2% |
| Total equity and liabilities | 10/49 | €102,101 | €130,374 | +€28,274 | +27.7% |
| Equity | 10/15 | €68,248 | €89,804 | +€21,556 | +31.6% |
| Reserves | 13 | €68,248 | €89,804 | +€21,556 | +31.6% |
| Distributable reserves | 133 | €68,248 | €89,804 | +€21,556 | +31.6% |
| Amounts payable | 17/49 | €33,852 | €40,570 | +€6,718 | +19.8% |
| Amounts payable within one year | 42/48 | €33,852 | €40,570 | +€6,718 | +19.8% |
| Trade debts | 44 | €5,360 | €4,724 | -€636 | -11.9% |
| Suppliers | 440/4 | €5,360 | €4,724 | -€636 | -11.9% |
| Taxes, remuneration and social security | 45 | €12,277 | €21,796 | +€9,519 | +77.5% |
| Taxes | 450/3 | €12,277 | €21,796 | +€9,519 | +77.5% |
| Other amounts payable | 47/48 | €16,216 | €14,050 | -€2,166 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,672 | €7,663 | -€1,010 | -11.6% |
| Other operating charges | 640/8 | €1,831 | €8,068 | +€6,237 | +340.6% |
| Gross operating margin | 9900 | €30,659 | €44,826 | +€14,167 | +46.2% |
| Operating profit (loss) | 9901 | €20,156 | €29,096 | +€8,940 | +44.4% |
| Financial income | 75/76B | €622 | €443 | -€179 | -28.8% |
| Recurring financial income | 75 | €622 | €443 | -€179 | -28.8% |
| Financial charges | 65/66B | €105 | €72 | -€33 | -31.5% |
| Recurring financial charges | 65 | €105 | €72 | -€33 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €20,673 | €29,467 | +€8,794 | +42.5% |
| Income taxes | 67/77 | €1,934 | €7,911 | +€5,977 | +309.0% |
| Profit (loss) for the period | 9904 | €18,739 | €21,556 | +€2,817 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,739 | €21,556 | +€2,817 | +15.0% |
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 30 September 2026 via checked.be.