TEXTO GRAPHIC: 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.
TEXTO GRAPHIC
Largest movements
- Cash +€95,231
up €95,231 (+57.7%), from €165,127 to €260,358
mainly Net result for the year (+€103,217) and Depreciation (+€71,608)
- Tangible fixed assets -€42,458
down €42,458 (-15.3%), from €278,339 to €235,880
of which Land and buildings: -€33,293
- Profit (loss) carried forward +€63,217
up €63,217 (+50.6%), from €124,843 to €188,060
- Other debts +€15,580
up €15,580 (+60.6%), from €25,719 to €41,299
- Current portion of long-term debt -€13,660
no longer reported in 2025 (was €13,660)
- Trade debts -€7,392
down €7,392 (-31.5%), from €23,492 to €16,100
- Gross operating margin +€53,180
up €53,180 (+9.3%), from €571,337 to €624,518
- Staff costs +€22,258
up €22,258 (+5.7%), from €390,981 to €413,239
- Taxes +€7,744
up €7,744 (+29.1%), from €26,615 to €34,359
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.
Derived cash bridge
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 | €536,742 | €592,266 | +€55,524 | +10.3% |
| Fixed assets | 21/28 | €278,339 | €235,880 | -€42,458 | -15.3% |
| Tangible fixed assets | 22/27 | €278,339 | €235,880 | -€42,458 | -15.3% |
| Land and buildings | 22 | €170,399 | €137,105 | -€33,293 | -19.5% |
| Plant, machinery and equipment | 23 | €96,148 | €68,915 | -€27,233 | -28.3% |
| Furniture and vehicles | 24 | €11,792 | €29,860 | +€18,068 | +153% |
| Current assets | 29/58 | €258,404 | €356,386 | +€97,983 | +37.9% |
| Amounts receivable within one year | 40/41 | €93,277 | €95,219 | +€1,942 | +2.1% |
| Trade receivables | 40 | €86,484 | €86,006 | -€478 | -0.6% |
| Other amounts receivable | 41 | €6,793 | €9,213 | +€2,420 | +35.6% |
| Cash at bank and in hand | 54/58 | €165,127 | €260,358 | +€95,231 | +57.7% |
| Deferred charges and accrued income | 490/1 | - | €810 | +€810 | |
| Total equity and liabilities | 10/49 | €536,742 | €592,266 | +€55,524 | +10.3% |
| Equity | 10/15 | €388,231 | €451,448 | +€63,217 | +16.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €244,838 | €244,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €242,983 | €242,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,843 | €188,060 | +€63,217 | +50.6% |
| Amounts payable | 17/49 | €148,511 | €140,819 | -€7,693 | -5.2% |
| Amounts payable within one year | 42/48 | €148,511 | €140,819 | -€7,693 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €13,660 | - | -€13,660 | |
| Trade debts | 44 | €23,492 | €16,100 | -€7,392 | -31.5% |
| Suppliers | 440/4 | €23,492 | €16,100 | -€7,392 | -31.5% |
| Taxes, remuneration and social security | 45 | €85,640 | €83,419 | -€2,221 | -2.6% |
| Taxes | 450/3 | €25,852 | €6,502 | -€19,350 | -74.8% |
| Remuneration and social security | 454/9 | €59,787 | €76,917 | +€17,129 | +28.7% |
| Other amounts payable | 47/48 | €25,719 | €41,299 | +€15,580 | +60.6% |
| Remuneration, social security and pensions | 62 | €390,981 | €413,239 | +€22,258 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,752 | €71,608 | -€3,144 | -4.2% |
| Other operating charges | 640/8 | €2,715 | €2,402 | -€313 | -11.5% |
| Gross operating margin | 9900 | €571,337 | €624,518 | +€53,180 | +9.3% |
| Operating profit (loss) | 9901 | €102,889 | €137,268 | +€34,379 | +33.4% |
| Financial income | 75/76B | €758 | €1,310 | +€552 | +72.8% |
| Recurring financial income | 75 | €758 | €1,310 | +€552 | +72.8% |
| Financial charges | 65/66B | €1,778 | €1,002 | -€776 | -43.6% |
| Recurring financial charges | 65 | €1,778 | €1,002 | -€776 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €101,869 | €137,576 | +€35,707 | +35.1% |
| Income taxes | 67/77 | €26,615 | €34,359 | +€7,744 | +29.1% |
| Profit (loss) for the period | 9904 | €75,254 | €103,217 | +€27,963 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,254 | €103,217 | +€27,963 | +37.2% |
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 14 October 2026 via checked.be.