T-IMPRESSION: 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.
T-IMPRESSION
Largest movements
- Cash +€46,049
up €46,049 (+74.8%), from €61,552 to €107,601
mainly Other debts (+€54,980) and Depreciation (+€49,621)
- Receivables within one year +€39,093
up €39,093 (+102.8%), from €38,044 to €77,137
of which Trade receivables: +€32,841
- Intangible fixed assets -€29,974
down €29,974 (-22.7%), from €132,003 to €102,028
- Tangible fixed assets +€28,865
up €28,865 (+65.4%), from €44,150 to €73,014
of which Furniture and vehicles: +€34,125
- Stocks and contracts -€8,990
down €8,990 (-10.4%), from €86,531 to €77,541
- Other debts +€54,980
up €54,980 (+273.1%), from €20,133 to €75,114
- Tax, wage and social debts +€33,267
up €33,267 (+355.2%), from €9,366 to €42,633
of which Taxes: +€31,930
- Trade debts -€19,953
down €19,953 (-58.4%), from €34,165 to €14,213
- Current portion of long-term debt +€8,455
up €8,455 (+28.6%), from €29,599 to €38,053
- Gross operating margin +€66,192
up €66,192 (+64.9%), from €102,068 to €168,260
- Taxes +€11,747
up €11,747 (+2527.0%), from €465 to €12,212
- Depreciation +€4,390
up €4,390 (+9.7%), from €45,231 to €49,621
- Staff costs +€2,526
up €2,526 (+5.0%), from €50,118 to €52,644
- Financial charges +€2,401
up €2,401 (+40.8%), from €5,884 to €8,285
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 | €364,244 | €440,699 | +€76,455 | +21.0% |
| Fixed assets | 21/28 | €176,152 | €175,043 | -€1,109 | -0.6% |
| Intangible fixed assets | 21 | €132,003 | €102,028 | -€29,974 | -22.7% |
| Tangible fixed assets | 22/27 | €44,150 | €73,014 | +€28,865 | +65.4% |
| Land and buildings | 22 | €22,811 | €21,825 | -€986 | -4.3% |
| Plant, machinery and equipment | 23 | €13,706 | €9,432 | -€4,274 | -31.2% |
| Furniture and vehicles | 24 | €7,632 | €41,757 | +€34,125 | +447.1% |
| Current assets | 29/58 | €188,092 | €265,656 | +€77,565 | +41.2% |
| Stocks and contracts in progress | 3 | €86,531 | €77,541 | -€8,990 | -10.4% |
| Stocks | 30/36 | €86,531 | €77,541 | -€8,990 | -10.4% |
| Amounts receivable within one year | 40/41 | €38,044 | €77,137 | +€39,093 | +102.8% |
| Trade receivables | 40 | €36,978 | €69,819 | +€32,841 | +88.8% |
| Other amounts receivable | 41 | €1,066 | €7,319 | +€6,252 | +586.3% |
| Cash at bank and in hand | 54/58 | €61,552 | €107,601 | +€46,049 | +74.8% |
| Deferred charges and accrued income | 490/1 | €1,965 | €3,377 | +€1,412 | +71.9% |
| Total equity and liabilities | 10/49 | €364,244 | €440,699 | +€76,455 | +21.0% |
| Equity | 10/15 | €120,055 | €120,055 | = | 0.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €85,055 | €85,055 | = | 0.0% |
| Distributable reserves | 133 | €85,055 | €85,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €244,189 | €320,645 | +€76,455 | +31.3% |
| Amounts payable after more than one year | 17 | €150,926 | €148,940 | -€1,986 | -1.3% |
| Financial debts | 170/4 | €150,926 | €148,940 | -€1,986 | -1.3% |
| Amounts payable within one year | 42/48 | €93,264 | €170,013 | +€76,749 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €29,599 | €38,053 | +€8,455 | +28.6% |
| Trade debts | 44 | €34,165 | €14,213 | -€19,953 | -58.4% |
| Suppliers | 440/4 | €34,165 | €14,213 | -€19,953 | -58.4% |
| Taxes, remuneration and social security | 45 | €9,366 | €42,633 | +€33,267 | +355.2% |
| Taxes | 450/3 | €4,541 | €36,471 | +€31,930 | +703.1% |
| Remuneration and social security | 454/9 | €4,825 | €6,162 | +€1,337 | +27.7% |
| Other amounts payable | 47/48 | €20,133 | €75,114 | +€54,980 | +273.1% |
| Accrued charges and deferred income | 492/3 | - | €1,692 | +€1,692 | |
| Non-recurring operating income | 76A | - | €3,078 | +€3,078 | |
| Remuneration, social security and pensions | 62 | €50,118 | €52,644 | +€2,526 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,231 | €49,621 | +€4,390 | +9.7% |
| Other operating charges | 640/8 | €3,742 | €1,726 | -€2,016 | -53.9% |
| Gross operating margin | 9900 | €102,068 | €168,260 | +€66,192 | +64.9% |
| Operating profit (loss) | 9901 | €2,976 | €64,268 | +€61,292 | +2059.3% |
| Financial income | 75/76B | €3,866 | €3,185 | -€681 | -17.6% |
| Recurring financial income | 75 | €3,866 | €3,185 | -€681 | -17.6% |
| Financial charges | 65/66B | €5,884 | €8,285 | +€2,401 | +40.8% |
| Recurring financial charges | 65 | €5,884 | €8,285 | +€2,401 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €958 | €59,168 | +€58,210 | +6079.1% |
| Income taxes | 67/77 | €465 | €12,212 | +€11,747 | +2527.0% |
| Profit (loss) for the period | 9904 | €493 | €46,956 | +€46,463 | +9430.5% |
| Profit (loss) for the period to be appropriated | 9905 | €493 | €46,956 | +€46,463 | +9430.5% |
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 3 October 2026 via checked.be.