TAPE SUPPORT: 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.
TAPE SUPPORT
Largest movements
- Cash +€66,672
up €66,672 (+103.3%), from €64,540 to €131,211
mainly Net result for the year (+€94,626) and Trade debts (+€55,014)
- Receivables within one year +€63,846
up €63,846 (+85.9%), from €74,285 to €138,131
of which Trade receivables: +€63,846
- Stocks and contracts +€26,001
up €26,001 (+47.0%), from €55,290 to €81,291
- Tangible fixed assets -€12,043
down €12,043 (-8.2%), from €146,574 to €134,531
of which Land and buildings: -€9,059
- Reserves +€94,626
up €94,626 (+63.5%), from €148,980 to €243,606
- Trade debts +€55,014
up €55,014 (+182.4%), from €30,162 to €85,176
- Debts after one year -€10,366
down €10,366 (-9.6%), from €108,071 to €97,705
- Gross operating margin +€49,380
up €49,380 (+51.9%), from €95,154 to €144,534
- Taxes +€12,660
up €12,660 (+64.9%), from €19,518 to €32,178
- Write-downs +€1,688
new in 2025: €1,688
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 | €340,869 | €485,387 | +€144,519 | +42.4% |
| Fixed assets | 21/28 | €146,574 | €134,531 | -€12,043 | -8.2% |
| Tangible fixed assets | 22/27 | €146,574 | €134,531 | -€12,043 | -8.2% |
| Land and buildings | 22 | €139,210 | €130,151 | -€9,059 | -6.5% |
| Plant, machinery and equipment | 23 | - | €2,158 | +€2,158 | |
| Furniture and vehicles | 24 | €7,364 | €2,222 | -€5,142 | -69.8% |
| Current assets | 29/58 | €194,295 | €350,856 | +€156,562 | +80.6% |
| Stocks and contracts in progress | 3 | €55,290 | €81,291 | +€26,001 | +47.0% |
| Stocks | 30/36 | €55,290 | €81,291 | +€26,001 | +47.0% |
| Amounts receivable within one year | 40/41 | €74,285 | €138,131 | +€63,846 | +85.9% |
| Trade receivables | 40 | €74,035 | €137,881 | +€63,846 | +86.2% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,540 | €131,211 | +€66,672 | +103.3% |
| Deferred charges and accrued income | 490/1 | €180 | €223 | +€43 | +24.1% |
| Total equity and liabilities | 10/49 | €340,869 | €485,387 | +€144,519 | +42.4% |
| Equity | 10/15 | €155,180 | €249,806 | +€94,626 | +61.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,980 | €243,606 | +€94,626 | +63.5% |
| Distributable reserves | 133 | €148,980 | €243,606 | +€94,626 | +63.5% |
| Amounts payable | 17/49 | €185,688 | €235,581 | +€49,893 | +26.9% |
| Amounts payable after more than one year | 17 | €108,071 | €97,705 | -€10,366 | -9.6% |
| Financial debts | 170/4 | €108,071 | €97,705 | -€10,366 | -9.6% |
| Amounts payable within one year | 42/48 | €77,617 | €137,876 | +€60,259 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | €10,211 | €10,366 | +€155 | +1.5% |
| Trade debts | 44 | €30,162 | €85,176 | +€55,014 | +182.4% |
| Suppliers | 440/4 | €30,162 | €85,176 | +€55,014 | +182.4% |
| Taxes, remuneration and social security | 45 | €16,807 | €21,447 | +€4,640 | +27.6% |
| Taxes | 450/3 | €16,807 | €21,447 | +€4,640 | +27.6% |
| Other amounts payable | 47/48 | €20,437 | €20,886 | +€449 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,818 | €14,602 | -€216 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,688 | +€1,688 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,779 | €1,606 | -€173 | -9.7% |
| Gross operating margin | 9900 | €95,154 | €144,534 | +€49,380 | +51.9% |
| Operating profit (loss) | 9901 | €78,557 | €126,638 | +€48,081 | +61.2% |
| Financial income | 75/76B | €4,746 | €5,658 | +€912 | +19.2% |
| Recurring financial income | 75 | €4,746 | €5,658 | +€912 | +19.2% |
| Financial charges | 65/66B | €5,879 | €5,493 | -€386 | -6.6% |
| Recurring financial charges | 65 | €5,879 | €5,493 | -€386 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €77,424 | €126,804 | +€49,379 | +63.8% |
| Income taxes | 67/77 | €19,518 | €32,178 | +€12,660 | +64.9% |
| Profit (loss) for the period | 9904 | €57,906 | €94,626 | +€36,719 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,906 | €94,626 | +€36,719 | +63.4% |
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 5 October 2026 via checked.be.