TALKING NUMBERS: 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.
TALKING NUMBERS
Largest movements
- Receivables within one year -€17,631
down €17,631 (-52.9%), from €33,313 to €15,682
of which Other amounts receivable: -€19,700
- Cash +€15,675
up €15,675 (+53.6%), from €29,261 to €44,936
mainly Net result for the year (+€72,089) and Receivables within one year (+€17,631)
- Tangible fixed assets -€9,397
down €9,397 (-9.3%), from €101,003 to €91,606
of which Land and buildings: -€4,971
- Current investments +€2,499
up €2,499 (+14.5%), from €17,282 to €19,781
- Debts after one year -€12,321
down €12,321 (-51.6%), from €23,890 to €11,568
- Other debts +€3,375
up €3,375 (+6.7%), from €50,076 to €53,451
- Reserves +€3,000
up €3,000 (+3.9%), from €76,000 to €79,000
- Tax, wage and social debts -€1,832
down €1,832 (-11.2%), from €16,293 to €14,462
- Gross operating margin +€15,489
up €15,489 (+17.8%), from €86,857 to €102,346
- Depreciation -€5,703
down €5,703 (-37.8%), from €15,100 to €9,397
- Taxes +€3,715
up €3,715 (+23.6%), from €15,708 to €19,423
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 | €180,862 | €172,732 | -€8,131 | -4.5% |
| Fixed assets | 21/28 | €101,003 | €91,606 | -€9,397 | -9.3% |
| Tangible fixed assets | 22/27 | €101,003 | €91,606 | -€9,397 | -9.3% |
| Land and buildings | 22 | €88,996 | €84,025 | -€4,971 | -5.6% |
| Plant, machinery and equipment | 23 | €690 | €470 | -€220 | -31.9% |
| Furniture and vehicles | 24 | €11,317 | €7,110 | -€4,207 | -37.2% |
| Current assets | 29/58 | €79,860 | €81,126 | +€1,267 | +1.6% |
| Amounts receivable within one year | 40/41 | €33,313 | €15,682 | -€17,631 | -52.9% |
| Trade receivables | 40 | €13,613 | €15,682 | +€2,069 | +15.2% |
| Other amounts receivable | 41 | €19,700 | - | -€19,700 | |
| Current investments | 50/53 | €17,282 | €19,781 | +€2,499 | +14.5% |
| Cash at bank and in hand | 54/58 | €29,261 | €44,936 | +€15,675 | +53.6% |
| Deferred charges and accrued income | 490/1 | €4 | €728 | +€724 | +16222.9% |
| Total equity and liabilities | 10/49 | €180,862 | €172,732 | -€8,131 | -4.5% |
| Equity | 10/15 | €77,898 | €80,087 | +€2,189 | +2.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €76,000 | €79,000 | +€3,000 | +3.9% |
| Distributable reserves | 133 | €76,000 | €79,000 | +€3,000 | +3.9% |
| Profit (loss) carried forward | 14 | €898 | €87 | -€811 | -90.3% |
| Amounts payable | 17/49 | €102,965 | €92,645 | -€10,320 | -10.0% |
| Amounts payable after more than one year | 17 | €23,890 | €11,568 | -€12,321 | -51.6% |
| Financial debts | 170/4 | €23,890 | €11,568 | -€12,321 | -51.6% |
| Amounts payable within one year | 42/48 | €79,075 | €81,077 | +€2,002 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €12,018 | €12,321 | +€304 | +2.5% |
| Trade debts | 44 | €689 | €843 | +€154 | +22.4% |
| Suppliers | 440/4 | €689 | €843 | +€154 | +22.4% |
| Taxes, remuneration and social security | 45 | €16,293 | €14,462 | -€1,832 | -11.2% |
| Taxes | 450/3 | €16,293 | €14,462 | -€1,832 | -11.2% |
| Other amounts payable | 47/48 | €50,076 | €53,451 | +€3,375 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,100 | €9,397 | -€5,703 | -37.8% |
| Other operating charges | 640/8 | €1,115 | €1,059 | -€56 | -5.0% |
| Gross operating margin | 9900 | €86,857 | €102,346 | +€15,489 | +17.8% |
| Operating profit (loss) | 9901 | €70,642 | €91,890 | +€21,248 | +30.1% |
| Financial income | 75/76B | €287 | €573 | +€286 | +99.8% |
| Recurring financial income | 75 | €287 | €573 | +€286 | +99.8% |
| Financial charges | 65/66B | €1,352 | €951 | -€400 | -29.6% |
| Recurring financial charges | 65 | €1,352 | €951 | -€400 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €69,577 | €91,512 | +€21,934 | +31.5% |
| Income taxes | 67/77 | €15,708 | €19,423 | +€3,715 | +23.6% |
| Profit (loss) for the period | 9904 | €53,869 | €72,089 | +€18,220 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,869 | €72,089 | +€18,220 | +33.8% |
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 6 October 2026 via checked.be.