Take One: 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.
Take One
Largest movements
- Tangible fixed assets +€52,490
up €52,490 (+9.0%), from €583,350 to €635,840
of which Plant, machinery and equipment: +€75,096
- Receivables within one year -€29,820
down €29,820 (-63.3%), from €47,112 to €17,292
of which Trade receivables: -€26,869
- Profit (loss) carried forward +€21,635
up €21,635 (+233.0%), from €9,286 to €30,921
- Current portion of long-term debt +€12,468
up €12,468 (+47.2%), from €26,403 to €38,872
- Depreciation -€39,301
down €39,301 (-38.3%), from €102,736 to €63,436
- Gross operating margin -€21,827
down €21,827 (-16.1%), from €135,875 to €114,048
- Write-downs +€5,834
new in 2025: €5,834
- Financial charges -€2,716
down €2,716 (-13.1%), from €20,721 to €18,005
- Taxes +€2,517
up €2,517 (+779.4%), from €323 to €2,840
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 | €645,619 | €673,639 | +€28,020 | +4.3% |
| Fixed assets | 21/28 | €583,350 | €635,840 | +€52,490 | +9.0% |
| Tangible fixed assets | 22/27 | €583,350 | €635,840 | +€52,490 | +9.0% |
| Land and buildings | 22 | €515,989 | €494,661 | -€21,327 | -4.1% |
| Plant, machinery and equipment | 23 | €63,935 | €139,031 | +€75,096 | +117.5% |
| Furniture and vehicles | 24 | €3,427 | €2,148 | -€1,279 | -37.3% |
| Current assets | 29/58 | €62,268 | €37,799 | -€24,469 | -39.3% |
| Amounts receivable within one year | 40/41 | €47,112 | €17,292 | -€29,820 | -63.3% |
| Trade receivables | 40 | €32,876 | €6,007 | -€26,869 | -81.7% |
| Other amounts receivable | 41 | €14,236 | €11,284 | -€2,952 | -20.7% |
| Cash at bank and in hand | 54/58 | €11,971 | €18,680 | +€6,708 | +56.0% |
| Deferred charges and accrued income | 490/1 | €3,185 | €1,828 | -€1,357 | -42.6% |
| Total equity and liabilities | 10/49 | €645,619 | €673,639 | +€28,020 | +4.3% |
| Equity | 10/15 | €19,286 | €40,921 | +€21,635 | +112.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,286 | €30,921 | +€21,635 | +233.0% |
| Amounts payable | 17/49 | €626,333 | €632,718 | +€6,385 | +1.0% |
| Amounts payable after more than one year | 17 | €588,425 | €583,649 | -€4,777 | -0.8% |
| Financial debts | 170/4 | €403,088 | €397,649 | -€5,439 | -1.3% |
| Other amounts payable | 178/9 | €185,338 | €186,000 | +€662 | +0.4% |
| Amounts payable within one year | 42/48 | €37,908 | €49,069 | +€11,162 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €26,403 | €38,872 | +€12,468 | +47.2% |
| Trade debts | 44 | €11,181 | €7,358 | -€3,823 | -34.2% |
| Suppliers | 440/4 | €11,181 | €7,358 | -€3,823 | -34.2% |
| Taxes, remuneration and social security | 45 | €323 | €2,840 | +€2,517 | +779.4% |
| Taxes | 450/3 | €323 | €2,840 | +€2,517 | +779.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,736 | €63,436 | -€39,301 | -38.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,834 | +€5,834 | |
| Other operating charges | 640/8 | €2,854 | €2,299 | -€555 | -19.5% |
| Gross operating margin | 9900 | €135,875 | €114,048 | -€21,827 | -16.1% |
| Operating profit (loss) | 9901 | €30,285 | €42,480 | +€12,196 | +40.3% |
| Financial income | 75/76B | €45 | €0 | -€45 | -100.0% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100.0% |
| Financial charges | 65/66B | €20,721 | €18,005 | -€2,716 | -13.1% |
| Recurring financial charges | 65 | €20,721 | €18,005 | -€2,716 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €9,609 | €24,475 | +€14,866 | +154.7% |
| Income taxes | 67/77 | €323 | €2,840 | +€2,517 | +779.4% |
| Profit (loss) for the period | 9904 | €9,286 | €21,635 | +€12,349 | +133.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,286 | €21,635 | +€12,349 | +133.0% |
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 9 October 2026 via checked.be.