SWEET INVOLUTION: 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.
SWEET INVOLUTION
Largest movements
- Receivables within one year +€85,038
up €85,038 (+50.3%), from €168,908 to €253,945
of which Trade receivables: +€87,481
- Stocks and contracts -€26,664
down €26,664 (-48.4%), from €55,100 to €28,436
- Intangible fixed assets -€11,500
down €11,500 (-21.9%), from €52,616 to €41,116
- Cash -€5,643
down €5,643 (-74.2%), from €7,603 to €1,960
mainly Receivables within one year (-€85,038) and Investment in fixed assets (net) (-€9,183)
- Tangible fixed assets +€4,327
up €4,327 (+322%), from €1,344 to €5,672
- Profit (loss) carried forward +€38,567
up €38,567 (+40.9%), from -€94,320 to -€55,753
- Tax, wage and social debts +€9,514
up €9,514 (+389%), from €2,446 to €11,960
of which Taxes: +€7,037
- Gross operating margin +€21,644
up €21,644 (+22.4%), from €96,678 to €118,323
- Staff costs +€3,893
up €3,893 (+9.0%), from €43,066 to €46,960
- Taxes +€3,297
new in 2025: €3,297
- Financial charges -€2,915
down €2,915 (-18.3%), from €15,931 to €13,016
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 | €291,791 | €340,568 | +€48,777 | +16.7% |
| Fixed assets | 21/28 | €59,649 | €56,226 | -€3,423 | -5.7% |
| Intangible fixed assets | 21 | €52,616 | €41,116 | -€11,500 | -21.9% |
| Tangible fixed assets | 22/27 | €1,344 | €5,672 | +€4,327 | +322% |
| Furniture and vehicles | 24 | €1,344 | €5,672 | +€4,327 | +322% |
| Financial fixed assets | 28 | €5,688 | €9,438 | +€3,750 | +65.9% |
| Current assets | 29/58 | €232,142 | €284,342 | +€52,200 | +22.5% |
| Stocks and contracts in progress | 3 | €55,100 | €28,436 | -€26,664 | -48.4% |
| Stocks | 30/36 | €55,100 | €28,436 | -€26,664 | -48.4% |
| Amounts receivable within one year | 40/41 | €168,908 | €253,945 | +€85,038 | +50.3% |
| Trade receivables | 40 | €149,094 | €236,575 | +€87,481 | +58.7% |
| Other amounts receivable | 41 | €19,814 | €17,370 | -€2,444 | -12.3% |
| Cash at bank and in hand | 54/58 | €7,603 | €1,960 | -€5,643 | -74.2% |
| Deferred charges and accrued income | 490/1 | €531 | - | -€531 | |
| Total equity and liabilities | 10/49 | €291,791 | €340,568 | +€48,777 | +16.7% |
| Equity | 10/15 | -€74,320 | -€35,753 | +€38,567 | +51.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,320 | -€55,753 | +€38,567 | +40.9% |
| Amounts payable | 17/49 | €366,111 | €376,321 | +€10,210 | +2.8% |
| Amounts payable within one year | 42/48 | €366,111 | €376,321 | +€10,210 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €1,325 | €187 | -€1,139 | -85.9% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €232,005 | €233,839 | +€1,834 | +0.8% |
| Suppliers | 440/4 | €232,005 | €233,839 | +€1,834 | +0.8% |
| Taxes, remuneration and social security | 45 | €2,446 | €11,960 | +€9,514 | +389% |
| Taxes | 450/3 | €944 | €7,981 | +€7,037 | +746% |
| Remuneration and social security | 454/9 | €1,503 | €3,979 | +€2,477 | +165% |
| Other amounts payable | 47/48 | €5,335 | €5,335 | = | 0.0% |
| Non-recurring operating income | 76A | €1,038 | - | -€1,038 | |
| Remuneration, social security and pensions | 62 | €43,066 | €46,960 | +€3,893 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,948 | €12,606 | +€658 | +5.5% |
| Other operating charges | 640/8 | €3,401 | €3,877 | +€476 | +14.0% |
| Gross operating margin | 9900 | €96,678 | €118,323 | +€21,644 | +22.4% |
| Operating profit (loss) | 9901 | €38,263 | €54,880 | +€16,617 | +43.4% |
| Financial income | 75/76B | €272 | - | -€272 | |
| Recurring financial income | 75 | €272 | - | -€272 | |
| Financial charges | 65/66B | €15,931 | €13,016 | -€2,915 | -18.3% |
| Recurring financial charges | 65 | €15,931 | €13,016 | -€2,915 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €22,604 | €41,863 | +€19,259 | +85.2% |
| Income taxes | 67/77 | - | €3,297 | +€3,297 | |
| Profit (loss) for the period | 9904 | €22,604 | €38,567 | +€15,963 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,604 | €38,567 | +€15,963 | +70.6% |
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 22 October 2026 via checked.be.