SUSPICION EVENTS: 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.
SUSPICION EVENTS
Largest movements
- Cash +€107,147
up €107,147 (+894%), from €11,984 to €119,131
mainly Net result for the year (+€120,055) and Depreciation (+€78,487)
- Tangible fixed assets -€43,208
down €43,208 (-6.4%), from €678,080 to €634,872
of which Other tangible fixed assets: -€42,382
- Receivables within one year +€23,615
up €23,615 (+7.9%), from €300,275 to €323,890
of which Trade receivables: +€12,331
- Reserves +€89,406
up €89,406 (+22.9%), from €389,601 to €479,008
- Debts after one year -€33,983
down €33,983 (-15.5%), from €218,881 to €184,898
- Tax, wage and social debts +€30,132
up €30,132 (+160%), from €18,784 to €48,916
of which Taxes: +€24,714
- Trade debts +€23,580
up €23,580 (+77.9%), from €30,266 to €53,845
- Other debts -€21,827
down €21,827 (-37.9%), from €57,565 to €35,738
- Gross operating margin +€25,049
up €25,049 (+10.3%), from €242,752 to €267,801
- Taxes +€8,559
up €8,559 (+19.8%), from €43,168 to €51,727
- Financial income +€8,227
up €8,227 (+164%), from €5,010 to €13,237
of which Financial income: +€5,169
- Staff costs +€6,645
new in 2025: €6,645
- Depreciation +€4,608
up €4,608 (+6.2%), from €73,879 to €78,487
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 | €1,017,507 | €1,106,768 | +€89,261 | +8.8% |
| Fixed assets | 21/28 | €678,130 | €634,922 | -€43,208 | -6.4% |
| Tangible fixed assets | 22/27 | €678,080 | €634,872 | -€43,208 | -6.4% |
| Land and buildings | 22 | €410,198 | €396,314 | -€13,885 | -3.4% |
| Plant, machinery and equipment | 23 | €17,634 | €15,113 | -€2,521 | -14.3% |
| Furniture and vehicles | 24 | €7,928 | €23,508 | +€15,580 | +197% |
| Other tangible fixed assets | 26 | €242,319 | €199,937 | -€42,382 | -17.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €339,377 | €471,847 | +€132,469 | +39.0% |
| Stocks and contracts in progress | 3 | €25,642 | €25,642 | = | 0.0% |
| Stocks | 30/36 | €25,642 | €25,642 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300,275 | €323,890 | +€23,615 | +7.9% |
| Trade receivables | 40 | €23,381 | €35,712 | +€12,331 | +52.7% |
| Other amounts receivable | 41 | €276,893 | €288,177 | +€11,284 | +4.1% |
| Cash at bank and in hand | 54/58 | €11,984 | €119,131 | +€107,147 | +894% |
| Deferred charges and accrued income | 490/1 | €1,477 | €3,184 | +€1,707 | +116% |
| Total equity and liabilities | 10/49 | €1,017,507 | €1,106,768 | +€89,261 | +8.8% |
| Equity | 10/15 | €647,965 | €737,371 | +€89,406 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €389,601 | €479,008 | +€89,406 | +22.9% |
| Distributable reserves | 133 | €389,601 | €479,008 | +€89,406 | +22.9% |
| Profit (loss) carried forward | 14 | €239,764 | €239,764 | = | 0.0% |
| Amounts payable | 17/49 | €369,542 | €369,397 | -€145 | 0.0% |
| Amounts payable after more than one year | 17 | €218,881 | €184,898 | -€33,983 | -15.5% |
| Financial debts | 170/4 | €218,881 | €184,898 | -€33,983 | -15.5% |
| Amounts payable within one year | 42/48 | €148,161 | €181,999 | +€33,838 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €32,648 | €33,983 | +€1,335 | +4.1% |
| Financial debts | 43 | €7,609 | €7,587 | -€22 | -0.3% |
| Credit institutions | 430/8 | €7,609 | €7,587 | -€22 | -0.3% |
| Trade debts | 44 | €30,266 | €53,845 | +€23,580 | +77.9% |
| Suppliers | 440/4 | €30,266 | €53,845 | +€23,580 | +77.9% |
| Advances received on contracts in progress | 46 | €1,290 | €1,930 | +€640 | +49.6% |
| Taxes, remuneration and social security | 45 | €18,784 | €48,916 | +€30,132 | +160% |
| Taxes | 450/3 | €18,784 | €43,498 | +€24,714 | +132% |
| Remuneration and social security | 454/9 | - | €5,418 | +€5,418 | |
| Other amounts payable | 47/48 | €57,565 | €35,738 | -€21,827 | -37.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €6,645 | +€6,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,879 | €78,487 | +€4,608 | +6.2% |
| Other operating charges | 640/8 | €9,070 | €10,658 | +€1,588 | +17.5% |
| Gross operating margin | 9900 | €242,752 | €267,801 | +€25,049 | +10.3% |
| Operating profit (loss) | 9901 | €159,802 | €172,011 | +€12,209 | +7.6% |
| Financial income | 75/76B | €5,010 | €13,237 | +€8,227 | +164% |
| Recurring financial income | 75 | €5,010 | €10,179 | +€5,169 | +103% |
| Non-recurring financial income | 76B | - | €3,058 | +€3,058 | |
| Financial charges | 65/66B | €16,916 | €13,466 | -€3,450 | -20.4% |
| Recurring financial charges | 65 | €16,916 | €13,466 | -€3,450 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €147,896 | €171,782 | +€23,886 | +16.2% |
| Income taxes | 67/77 | €43,168 | €51,727 | +€8,559 | +19.8% |
| Profit (loss) for the period | 9904 | €104,728 | €120,055 | +€15,327 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,728 | €120,055 | +€15,327 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.