SURFACE STYLE: 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.
SURFACE STYLE
Largest movements
- Receivables within one year +€92,647
up €92,647 (+21.9%), from €423,344 to €515,991
of which Trade receivables: +€75,774
- Cash -€37,728
down €37,728 (-98.4%), from €38,340 to €612
mainly Receivables within one year (-€92,647) and Stocks and contracts (-€23,000)
- Stocks and contracts +€23,000
up €23,000 (+67.6%), from €34,000 to €57,000
- Trade debts +€31,947
up €31,947 (+15.0%), from €212,453 to €244,400
- Tax, wage and social debts +€28,174
up €28,174 (+37.7%), from €74,651 to €102,825
of which Taxes: +€16,174
- Profit (loss) carried forward +€7,668
up €7,668 (+62.7%), from €12,222 to €19,890
- Write-downs -€20,519
new in 2025: -€20,519
- Other operating charges +€15,616
up €15,616 (+170.4%), from €9,166 to €24,782
- Taxes +€3,780
up €3,780 (+618.3%), from €611 to €4,391
- Depreciation -€2,477
down €2,477 (-47.6%), from €5,206 to €2,728
- Financial charges -€2,177
down €2,177 (-23.6%), from €9,208 to €7,031
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 | €516,474 | €588,345 | +€71,872 | +13.9% |
| Fixed assets | 21/28 | €14,778 | €12,049 | -€2,728 | -18.5% |
| Tangible fixed assets | 22/27 | €8,723 | €5,994 | -€2,728 | -31.3% |
| Plant, machinery and equipment | 23 | €1,455 | €726 | -€729 | -50.1% |
| Furniture and vehicles | 24 | €4,209 | €2,649 | -€1,560 | -37.1% |
| Other tangible fixed assets | 26 | €3,059 | €2,620 | -€439 | -14.3% |
| Financial fixed assets | 28 | €6,055 | €6,055 | = | 0.0% |
| Current assets | 29/58 | €501,696 | €576,296 | +€74,600 | +14.9% |
| Stocks and contracts in progress | 3 | €34,000 | €57,000 | +€23,000 | +67.6% |
| Stocks | 30/36 | €34,000 | €57,000 | +€23,000 | +67.6% |
| Amounts receivable within one year | 40/41 | €423,344 | €515,991 | +€92,647 | +21.9% |
| Trade receivables | 40 | €417,217 | €492,991 | +€75,774 | +18.2% |
| Other amounts receivable | 41 | €6,127 | €22,999 | +€16,873 | +275.4% |
| Cash at bank and in hand | 54/58 | €38,340 | €612 | -€37,728 | -98.4% |
| Deferred charges and accrued income | 490/1 | €6,012 | €2,693 | -€3,319 | -55.2% |
| Total equity and liabilities | 10/49 | €516,474 | €588,345 | +€71,872 | +13.9% |
| Equity | 10/15 | €117,682 | €125,350 | +€7,668 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,860 | €86,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,222 | €19,890 | +€7,668 | +62.7% |
| Amounts payable | 17/49 | €398,791 | €462,995 | +€64,204 | +16.1% |
| Amounts payable within one year | 42/48 | €391,268 | €456,656 | +€65,388 | +16.7% |
| Trade debts | 44 | €212,453 | €244,400 | +€31,947 | +15.0% |
| Suppliers | 440/4 | €212,453 | €244,400 | +€31,947 | +15.0% |
| Taxes, remuneration and social security | 45 | €74,651 | €102,825 | +€28,174 | +37.7% |
| Taxes | 450/3 | €9,181 | €25,355 | +€16,174 | +176.2% |
| Remuneration and social security | 454/9 | €65,469 | €77,469 | +€12,000 | +18.3% |
| Other amounts payable | 47/48 | €104,164 | €109,431 | +€5,267 | +5.1% |
| Accrued charges and deferred income | 492/3 | €7,524 | €6,339 | -€1,184 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,206 | €2,728 | -€2,477 | -47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€20,519 | -€20,519 | |
| Other operating charges | 640/8 | €9,166 | €24,782 | +€15,616 | +170.4% |
| Gross operating margin | 9900 | €24,025 | €25,977 | +€1,952 | +8.1% |
| Operating profit (loss) | 9901 | €9,653 | €18,986 | +€9,332 | +96.7% |
| Financial income | 75/76B | €83 | €105 | +€22 | +26.3% |
| Recurring financial income | 75 | €83 | €105 | +€22 | +26.3% |
| Financial charges | 65/66B | €9,208 | €7,031 | -€2,177 | -23.6% |
| Recurring financial charges | 65 | €9,208 | €7,031 | -€2,177 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €528 | €12,059 | +€11,531 | +2183.8% |
| Income taxes | 67/77 | €611 | €4,391 | +€3,780 | +618.3% |
| Profit (loss) for the period | 9904 | -€83 | €7,668 | +€7,751 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83 | €7,668 | +€7,751 |
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 28 September 2026 via checked.be.