TAKE FIVE BRUSSELS: 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.
TAKE FIVE BRUSSELS
Largest movements
- Receivables within one year -€54,990
down €54,990 (-76.4%), from €71,939 to €16,949
of which Trade receivables: -€39,224
- Tangible fixed assets -€45,935
down €45,935 (-24.8%), from €185,483 to €139,548
of which Plant, machinery and equipment: -€40,766
- Current investments -€20,410
no longer reported in 2025 (was €20,410)
- Cash -€4,059
down €4,059 (-15.0%), from €27,027 to €22,969
mainly Tax, wage and social debts (-€61,504) and Debts after one year (-€49,688)
- Tax, wage and social debts -€61,504
down €61,504 (-46.1%), from €133,550 to €72,047
of which Remuneration and social security: -€50,785
- Debts after one year -€49,688
down €49,688 (-33.9%), from €146,517 to €96,829
- Trade debts -€46,106
down €46,106 (-42.0%), from €109,893 to €63,787
- Profit (loss) carried forward +€39,566
up €39,566 (+21.0%), from -€188,853 to -€149,287
- Other debts -€12,491
down €12,491 (-25.9%), from €48,263 to €35,773
- Staff costs -€94,013
down €94,013 (-25.0%), from €376,790 to €282,776
- Gross operating margin -€27,945
down €27,945 (-6.2%), from €452,789 to €424,844
- Depreciation +€21,700
up €21,700 (+84.5%), from €25,676 to €47,376
- Other operating charges +€13,311
up €13,311 (+63.9%), from €20,842 to €34,153
- Financial charges +€6,355
up €6,355 (+43.4%), from €14,651 to €21,006
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 | €319,235 | €193,205 | -€126,030 | -39.5% |
| Fixed assets | 21/28 | €191,433 | €145,498 | -€45,935 | -24.0% |
| Tangible fixed assets | 22/27 | €185,483 | €139,548 | -€45,935 | -24.8% |
| Land and buildings | 22 | €1,992 | €1,843 | -€149 | -7.5% |
| Plant, machinery and equipment | 23 | €141,346 | €100,579 | -€40,766 | -28.8% |
| Furniture and vehicles | 24 | €13,845 | €13,334 | -€511 | -3.7% |
| Other tangible fixed assets | 26 | €28,300 | €23,791 | -€4,509 | -15.9% |
| Financial fixed assets | 28 | €5,950 | €5,950 | = | 0.0% |
| Current assets | 29/58 | €127,801 | €47,706 | -€80,095 | -62.7% |
| Stocks and contracts in progress | 3 | €6,949 | €7,140 | +€191 | +2.7% |
| Stocks | 30/36 | €6,949 | €7,140 | +€191 | +2.7% |
| Amounts receivable within one year | 40/41 | €71,939 | €16,949 | -€54,990 | -76.4% |
| Trade receivables | 40 | €47,964 | €8,740 | -€39,224 | -81.8% |
| Other amounts receivable | 41 | €23,975 | €8,209 | -€15,766 | -65.8% |
| Current investments | 50/53 | €20,410 | - | -€20,410 | |
| Cash at bank and in hand | 54/58 | €27,027 | €22,969 | -€4,059 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,475 | €648 | -€827 | -56.1% |
| Total equity and liabilities | 10/49 | €319,235 | €193,205 | -€126,030 | -39.5% |
| Equity | 10/15 | -€164,853 | -€125,287 | +€39,566 | +24.0% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,853 | -€149,287 | +€39,566 | +21.0% |
| Amounts payable | 17/49 | €484,088 | €318,492 | -€165,596 | -34.2% |
| Amounts payable after more than one year | 17 | €146,517 | €96,829 | -€49,688 | -33.9% |
| Financial debts | 170/4 | €146,517 | €96,829 | -€49,688 | -33.9% |
| Amounts payable within one year | 42/48 | €337,571 | €221,663 | -€115,908 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €45,865 | €50,056 | +€4,192 | +9.1% |
| Trade debts | 44 | €109,893 | €63,787 | -€46,106 | -42.0% |
| Suppliers | 440/4 | €109,893 | €63,787 | -€46,106 | -42.0% |
| Taxes, remuneration and social security | 45 | €133,550 | €72,047 | -€61,504 | -46.1% |
| Taxes | 450/3 | €45,395 | €34,677 | -€10,719 | -23.6% |
| Remuneration and social security | 454/9 | €88,155 | €37,370 | -€50,785 | -57.6% |
| Other amounts payable | 47/48 | €48,263 | €35,773 | -€12,491 | -25.9% |
| Remuneration, social security and pensions | 62 | €376,790 | €282,776 | -€94,013 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,676 | €47,376 | +€21,700 | +84.5% |
| Other operating charges | 640/8 | €20,842 | €34,153 | +€13,311 | +63.9% |
| Gross operating margin | 9900 | €452,789 | €424,844 | -€27,945 | -6.2% |
| Operating profit (loss) | 9901 | €29,482 | €60,539 | +€31,057 | +105% |
| Financial income | 75/76B | €200 | €34 | -€166 | -83.2% |
| Recurring financial income | 75 | €200 | €34 | -€166 | -83.2% |
| Financial charges | 65/66B | €14,651 | €21,006 | +€6,355 | +43.4% |
| Recurring financial charges | 65 | €14,651 | €21,006 | +€6,355 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €15,030 | €39,566 | +€24,536 | +163% |
| Profit (loss) for the period | 9904 | €15,030 | €39,566 | +€24,536 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €15,030 | €39,566 | +€24,536 | +163% |
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 14 October 2026 via checked.be.