Testbeeld: what changed
Two financial 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.
Testbeeld
Largest movements
- Cash +€21,483
up €21,483 (+1069.5%), from €2,009 to €23,492
mainly Trade debts (+€96,702) and Net result for the year (+€70,964)
- Receivables within one year -€12,194
down €12,194 (-2.6%), from €468,946 to €456,752
of which Other amounts receivable: -€6,712
- Accrued charges and deferred income -€107,089
down €107,089 (-100.0%), from €107,113 to €25
- Trade debts +€96,702
up €96,702 (+47.3%), from €204,450 to €301,152
- Reserves +€70,964
up €70,964 (+75.3%), from €94,246 to €165,210
- Short-term financial debts -€26,756
down €26,756 (-93.8%), from €28,513 to €1,757
- Debts after one year -€13,394
down €13,394 (-34.0%), from €39,436 to €26,042
- Staff costs +€13,652
up €13,652 (+58.6%), from €23,277 to €36,929
- Gross operating margin -€10,119
down €10,119 (-6.5%), from €156,710 to €146,591
- Taxes -€7,751
down €7,751 (-27.1%), from €28,634 to €20,884
- Depreciation +€7,502
up €7,502 (+125.3%), from €5,986 to €13,489
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 | €525,726 | €534,622 | +€8,896 | +1.7% |
| Fixed assets | 21/28 | €34,285 | €30,013 | -€4,272 | -12.5% |
| Tangible fixed assets | 22/27 | €34,285 | €30,013 | -€4,272 | -12.5% |
| Plant, machinery and equipment | 23 | €10,077 | €10,071 | -€6 | -0.1% |
| Furniture and vehicles | 24 | €18,794 | €15,538 | -€3,256 | -17.3% |
| Other tangible fixed assets | 26 | €5,414 | €4,404 | -€1,010 | -18.7% |
| Current assets | 29/58 | €491,441 | €504,609 | +€13,168 | +2.7% |
| Stocks and contracts in progress | 3 | €18,195 | €22,122 | +€3,927 | +21.6% |
| Stocks | 30/36 | €18,195 | €22,122 | +€3,927 | +21.6% |
| Amounts receivable within one year | 40/41 | €468,946 | €456,752 | -€12,194 | -2.6% |
| Trade receivables | 40 | €404,080 | €398,598 | -€5,482 | -1.4% |
| Other amounts receivable | 41 | €64,867 | €58,155 | -€6,712 | -10.3% |
| Cash at bank and in hand | 54/58 | €2,009 | €23,492 | +€21,483 | +1069.5% |
| Deferred charges and accrued income | 490/1 | €2,291 | €2,243 | -€48 | -2.1% |
| Total equity and liabilities | 10/49 | €525,726 | €534,622 | +€8,896 | +1.7% |
| Equity | 10/15 | €99,246 | €170,210 | +€70,964 | +71.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,246 | €165,210 | +€70,964 | +75.3% |
| Distributable reserves | 133 | €94,246 | €165,210 | +€70,964 | +75.3% |
| Amounts payable | 17/49 | €426,480 | €364,412 | -€62,068 | -14.6% |
| Amounts payable after more than one year | 17 | €39,436 | €26,042 | -€13,394 | -34.0% |
| Financial debts | 170/4 | €39,436 | €26,042 | -€13,394 | -34.0% |
| Amounts payable within one year | 42/48 | €279,931 | €338,345 | +€58,415 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €12,784 | €13,394 | +€611 | +4.8% |
| Financial debts | 43 | €28,513 | €1,757 | -€26,756 | -93.8% |
| Credit institutions | 430/8 | €28,513 | €1,757 | -€26,756 | -93.8% |
| Trade debts | 44 | €204,450 | €301,152 | +€96,702 | +47.3% |
| Suppliers | 440/4 | €204,450 | €301,152 | +€96,702 | +47.3% |
| Taxes, remuneration and social security | 45 | €34,184 | €22,042 | -€12,142 | -35.5% |
| Taxes | 450/3 | €31,524 | €22,042 | -€9,482 | -30.1% |
| Remuneration and social security | 454/9 | €2,660 | €0 | -€2,660 | -100.0% |
| Accrued charges and deferred income | 492/3 | €107,113 | €25 | -€107,089 | -100.0% |
| Remuneration, social security and pensions | 62 | €23,277 | €36,929 | +€13,652 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,986 | €13,489 | +€7,502 | +125.3% |
| Other operating charges | 640/8 | €445 | €315 | -€130 | -29.3% |
| Gross operating margin | 9900 | €156,710 | €146,591 | -€10,119 | -6.5% |
| Operating profit (loss) | 9901 | €127,001 | €95,859 | -€31,143 | -24.5% |
| Financial income | 75/76B | €256 | €858 | +€601 | +234.5% |
| Recurring financial income | 75 | €256 | €858 | +€601 | +234.5% |
| Financial charges | 65/66B | €4,377 | €4,869 | +€492 | +11.2% |
| Recurring financial charges | 65 | €4,377 | €4,869 | +€492 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €122,881 | €91,847 | -€31,033 | -25.3% |
| Income taxes | 67/77 | €28,634 | €20,884 | -€7,751 | -27.1% |
| Profit (loss) for the period | 9904 | €94,246 | €70,964 | -€23,282 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,246 | €70,964 | -€23,282 | -24.7% |
Source: filed annual accounts (NBB), financial 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.