TAKE TWO: 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 TWO
Largest movements
- Cash +€48,476
up €48,476 (+61.2%), from €79,157 to €127,633
mainly Depreciation (+€39,866) and Trade debts (+€5,781)
- Tangible fixed assets -€39,866
down €39,866 (-31.8%), from €125,400 to €85,534
of which Furniture and vehicles: -€21,064
- Receivables within one year +€11,504
up €11,504 (+67.8%), from €16,961 to €28,465
of which Trade receivables: +€13,169
- Trade debts +€5,781
up €5,781 (+178.4%), from €3,241 to €9,022
- Tax, wage and social debts +€4,337
up €4,337 (+116.0%), from €3,740 to €8,077
- Gross operating margin -€4,247
down €4,247 (-8.5%), from €50,225 to €45,978
- Depreciation -€2,076
down €2,076 (-5.0%), from €41,942 to €39,866
- Taxes -€649
down €649 (-25.8%), from €2,513 to €1,864
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 | €323,850 | €337,010 | +€13,160 | +4.1% |
| Fixed assets | 21/28 | €125,400 | €85,534 | -€39,866 | -31.8% |
| Tangible fixed assets | 22/27 | €125,400 | €85,534 | -€39,866 | -31.8% |
| Land and buildings | 22 | €4,973 | €3,478 | -€1,495 | -30.1% |
| Plant, machinery and equipment | 23 | €8,151 | €5,486 | -€2,665 | -32.7% |
| Furniture and vehicles | 24 | €79,307 | €58,243 | -€21,064 | -26.6% |
| Other tangible fixed assets | 26 | €32,968 | €18,327 | -€14,641 | -44.4% |
| Current assets | 29/58 | €198,449 | €251,475 | +€53,026 | +26.7% |
| Stocks and contracts in progress | 3 | €8,889 | €7,546 | -€1,342 | -15.1% |
| Contracts in progress | 37 | €8,889 | €7,546 | -€1,342 | -15.1% |
| Amounts receivable within one year | 40/41 | €16,961 | €28,465 | +€11,504 | +67.8% |
| Trade receivables | 40 | €13,944 | €27,113 | +€13,169 | +94.4% |
| Other amounts receivable | 41 | €3,017 | €1,352 | -€1,665 | -55.2% |
| Current investments | 50/53 | €88,658 | €86,108 | -€2,550 | -2.9% |
| Cash at bank and in hand | 54/58 | €79,157 | €127,633 | +€48,476 | +61.2% |
| Deferred charges and accrued income | 490/1 | €4,785 | €1,723 | -€3,062 | -64.0% |
| Total equity and liabilities | 10/49 | €323,850 | €337,010 | +€13,160 | +4.1% |
| Equity | 10/15 | €316,661 | €317,728 | +€1,067 | +0.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €111,345 | €112,412 | +€1,067 | +1.0% |
| Tax-exempt reserves | 132 | €6,508 | €6,508 | = | 0.0% |
| Distributable reserves | 133 | €104,837 | €105,904 | +€1,067 | +1.0% |
| Profit (loss) carried forward | 14 | €125,316 | €125,316 | -€0 | 0.0% |
| Amounts payable | 17/49 | €7,189 | €19,281 | +€12,093 | +168.2% |
| Amounts payable within one year | 42/48 | €7,189 | €19,281 | +€12,093 | +168.2% |
| Trade debts | 44 | €3,241 | €9,022 | +€5,781 | +178.4% |
| Suppliers | 440/4 | €3,241 | €9,022 | +€5,781 | +178.4% |
| Taxes, remuneration and social security | 45 | €3,740 | €8,077 | +€4,337 | +116.0% |
| Taxes | 450/3 | €3,740 | €8,077 | +€4,337 | +116.0% |
| Other amounts payable | 47/48 | €207 | €2,182 | +€1,975 | +953.5% |
| Non-recurring operating income | 76A | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,942 | €39,866 | -€2,076 | -5.0% |
| Other operating charges | 640/8 | €3,682 | €3,540 | -€143 | -3.9% |
| Gross operating margin | 9900 | €50,225 | €45,978 | -€4,247 | -8.5% |
| Operating profit (loss) | 9901 | €4,600 | €2,572 | -€2,028 | -44.1% |
| Financial income | 75/76B | €100 | €510 | +€410 | +410.9% |
| Recurring financial income | 75 | €100 | €510 | +€410 | +410.9% |
| Financial charges | 65/66B | €130 | €152 | +€21 | +16.4% |
| Recurring financial charges | 65 | €130 | €152 | +€21 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €4,570 | €2,931 | -€1,639 | -35.9% |
| Income taxes | 67/77 | €2,513 | €1,864 | -€649 | -25.8% |
| Profit (loss) for the period | 9904 | €2,057 | €1,067 | -€990 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,057 | €1,067 | -€990 | -48.1% |
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 29 September 2026 via checked.be.