Technic: 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.
Technic
Largest movements
- Receivables within one year +€78,033
up €78,033 (+52.7%), from €148,030 to €226,062
of which Trade receivables: +€77,991
- Cash -€74,235
down €74,235 (-18.7%), from €397,562 to €323,327
mainly Receivables within one year (-€78,033) and Net result for the year (-€47,616)
- Tangible fixed assets -€12,239
down €12,239 (-41.3%), from €29,649 to €17,410
of which Furniture and vehicles: -€8,057
- Profit (loss) carried forward -€47,616
down €47,616 (-13.4%), from €354,670 to €307,055
- Trade debts +€15,348
up €15,348 (+50.6%), from €30,303 to €45,651
- Tax, wage and social debts +€14,154
up €14,154 (+53.8%), from €26,333 to €40,487
of which Taxes: +€11,214
- Accrued charges and deferred income +€9,750
up €9,750 (+30.8%), from €31,676 to €41,426
- Gross operating margin +€12,313
up €12,313 (+30.7%), from €40,160 to €52,473
- Staff costs +€4,500
up €4,500 (+4.5%), from €99,521 to €104,021
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 | €576,991 | €568,628 | -€8,364 | -1.4% |
| Fixed assets | 21/28 | €29,649 | €17,410 | -€12,239 | -41.3% |
| Tangible fixed assets | 22/27 | €29,649 | €17,410 | -€12,239 | -41.3% |
| Land and buildings | 22 | €650 | €202 | -€448 | -68.9% |
| Plant, machinery and equipment | 23 | €11,169 | €7,434 | -€3,734 | -33.4% |
| Furniture and vehicles | 24 | €17,830 | €9,774 | -€8,057 | -45.2% |
| Current assets | 29/58 | €547,343 | €551,218 | +€3,875 | +0.7% |
| Amounts receivable within one year | 40/41 | €148,030 | €226,062 | +€78,033 | +52.7% |
| Trade receivables | 40 | €143,482 | €221,473 | +€77,991 | +54.4% |
| Other amounts receivable | 41 | €4,548 | €4,590 | +€42 | +0.9% |
| Cash at bank and in hand | 54/58 | €397,562 | €323,327 | -€74,235 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,751 | €1,829 | +€78 | +4.5% |
| Total equity and liabilities | 10/49 | €576,991 | €568,628 | -€8,364 | -1.4% |
| Equity | 10/15 | €486,670 | €439,055 | -€47,616 | -9.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €354,670 | €307,055 | -€47,616 | -13.4% |
| Amounts payable | 17/49 | €90,321 | €129,573 | +€39,252 | +43.5% |
| Amounts payable within one year | 42/48 | €58,644 | €88,147 | +€29,502 | +50.3% |
| Trade debts | 44 | €30,303 | €45,651 | +€15,348 | +50.6% |
| Suppliers | 440/4 | €30,303 | €45,651 | +€15,348 | +50.6% |
| Taxes, remuneration and social security | 45 | €26,333 | €40,487 | +€14,154 | +53.8% |
| Taxes | 450/3 | €6,527 | €17,741 | +€11,214 | +171.8% |
| Remuneration and social security | 454/9 | €19,806 | €22,746 | +€2,941 | +14.8% |
| Other amounts payable | 47/48 | €2,009 | €2,009 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €31,676 | €41,426 | +€9,750 | +30.8% |
| Remuneration, social security and pensions | 62 | €99,521 | €104,021 | +€4,500 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,940 | €16,182 | +€242 | +1.5% |
| Other operating charges | 640/8 | €562 | €525 | -€38 | -6.7% |
| Gross operating margin | 9900 | €40,160 | €52,473 | +€12,313 | +30.7% |
| Operating profit (loss) | 9901 | -€75,863 | -€68,254 | +€7,609 | +10.0% |
| Financial income | 75/76B | €22,170 | €21,721 | -€450 | -2.0% |
| Recurring financial income | 75 | €22,170 | €21,721 | -€450 | -2.0% |
| Financial charges | 65/66B | €230 | €624 | +€393 | +170.6% |
| Recurring financial charges | 65 | €230 | €624 | +€393 | +170.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,923 | -€47,157 | +€6,766 | +12.5% |
| Income taxes | 67/77 | €452 | €458 | +€6 | +1.4% |
| Profit (loss) for the period | 9904 | -€54,376 | -€47,616 | +€6,760 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,376 | -€47,616 | +€6,760 | +12.4% |
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 4 October 2026 via checked.be.