Take a Look: what changed
Take a Look
Largest movements
- Cash +€16,315
up €16,315 (+13.1%), from €124,438 to €140,753
mainly Other debts (+€15,703) and Receivables within one year (+€13,948)
- Receivables within one year -€13,948
down €13,948 (-24.8%), from €56,271 to €42,323
of which Trade receivables: -€15,322
- Tangible fixed assets -€3,929
down €3,929 (-12.9%), from €30,391 to €26,462
of which Plant, machinery and equipment: -€3,317
- Other debts +€15,703
up €15,703 (+20.2%), from €77,672 to €93,374
- Trade debts -€6,855
down €6,855 (-29.3%), from €23,404 to €16,549
- Profit (loss) carried forward -€5,198
new in 2025: -€5,198
- Tax, wage and social debts -€4,700
down €4,700 (-61.0%), from €7,708 to €3,008
- Gross operating margin -€19,985
down €19,985 (-72.7%), from €27,476 to €7,491
- Taxes -€5,220
down €5,220 (-86.8%), from €6,016 to €796
- Depreciation +€564
up €564 (+5.1%), from €11,117 to €11,681
- Financial income +€468
up €468 (+246%), from €191 to €659
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,172 | €210,836 | -€1,336 | -0.6% |
| Fixed assets | 21/28 | €30,391 | €26,462 | -€3,929 | -12.9% |
| Tangible fixed assets | 22/27 | €30,391 | €26,462 | -€3,929 | -12.9% |
| Plant, machinery and equipment | 23 | €17,254 | €13,938 | -€3,317 | -19.2% |
| Furniture and vehicles | 24 | €10,882 | €10,943 | +€62 | +0.6% |
| Other tangible fixed assets | 26 | €2,255 | €1,581 | -€674 | -29.9% |
| Current assets | 29/58 | €181,781 | €184,374 | +€2,593 | +1.4% |
| Amounts receivable within one year | 40/41 | €56,271 | €42,323 | -€13,948 | -24.8% |
| Trade receivables | 40 | €53,245 | €37,923 | -€15,322 | -28.8% |
| Other amounts receivable | 41 | €3,026 | €4,400 | +€1,374 | +45.4% |
| Cash at bank and in hand | 54/58 | €124,438 | €140,753 | +€16,315 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,072 | €1,298 | +€226 | +21.1% |
| Total equity and liabilities | 10/49 | €212,172 | €210,836 | -€1,336 | -0.6% |
| Equity | 10/15 | €103,102 | €97,904 | -€5,198 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €90,702 | €90,702 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €88,847 | €88,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,198 | -€5,198 | |
| Amounts payable | 17/49 | €109,070 | €112,932 | +€3,861 | +3.5% |
| Amounts payable within one year | 42/48 | €109,070 | €112,932 | +€3,861 | +3.5% |
| Trade debts | 44 | €23,404 | €16,549 | -€6,855 | -29.3% |
| Suppliers | 440/4 | €23,404 | €16,549 | -€6,855 | -29.3% |
| Advances received on contracts in progress | 46 | €286 | - | -€286 | |
| Taxes, remuneration and social security | 45 | €7,708 | €3,008 | -€4,700 | -61.0% |
| Taxes | 450/3 | €7,708 | €3,008 | -€4,700 | -61.0% |
| Other amounts payable | 47/48 | €77,672 | €93,374 | +€15,703 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,117 | €11,681 | +€564 | +5.1% |
| Other operating charges | 640/8 | €749 | €585 | -€164 | -21.9% |
| Gross operating margin | 9900 | €27,476 | €7,491 | -€19,985 | -72.7% |
| Operating profit (loss) | 9901 | €15,610 | -€4,775 | -€20,385 | |
| Financial income | 75/76B | €191 | €659 | +€468 | +246% |
| Recurring financial income | 75 | €191 | €659 | +€468 | +246% |
| Financial charges | 65/66B | €38 | €285 | +€247 | +649% |
| Recurring financial charges | 65 | €38 | €285 | +€247 | +649% |
| Profit (loss) for the period before taxes | 9903 | €15,762 | -€4,402 | -€20,164 | |
| Income taxes | 67/77 | €6,016 | €796 | -€5,220 | -86.8% |
| Profit (loss) for the period | 9904 | €9,746 | -€5,198 | -€14,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,746 | -€5,198 | -€14,944 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.