THE BEST QUALITY: 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.
THE BEST QUALITY
Largest movements
- Receivables within one year +€6,539
up €6,539 (+29.3%), from €22,314 to €28,853
- Stocks and contracts -€6,289
down €6,289 (-5.2%), from €121,607 to €115,318
- Cash -€5,459
down €5,459 (-18.1%), from €30,233 to €24,774
mainly Trade debts (-€57,112) and Tax, wage and social debts (-€10,913)
- Deferred charges and accrued income +€4,422
up €4,422 (+397%), from €1,114 to €5,536
- Profit (loss) carried forward +€65,595
up €65,595, from -€11,446 to €54,149
- Trade debts -€57,112
down €57,112 (-61.1%), from €93,464 to €36,352
- Tax, wage and social debts -€10,913
down €10,913 (-12.8%), from €85,466 to €74,553
of which Remuneration and social security: -€30,040
- Staff costs -€74,697
down €74,697 (-37.8%), from €197,486 to €122,789
- Taxes +€18,289
new in 2025: €18,289
- Gross operating margin -€6,275
down €6,275 (-2.7%), from €231,281 to €225,007
- Financial charges +€4,284
up €4,284 (+158%), from €2,714 to €6,998
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 | €177,463 | €175,076 | -€2,387 | -1.3% |
| Fixed assets | 21/28 | €2,196 | €596 | -€1,600 | -72.9% |
| Tangible fixed assets | 22/27 | €2,196 | €596 | -€1,600 | -72.9% |
| Furniture and vehicles | 24 | €2,196 | €596 | -€1,600 | -72.9% |
| Current assets | 29/58 | €175,267 | €174,481 | -€787 | -0.4% |
| Stocks and contracts in progress | 3 | €121,607 | €115,318 | -€6,289 | -5.2% |
| Stocks | 30/36 | €121,607 | €115,318 | -€6,289 | -5.2% |
| Amounts receivable within one year | 40/41 | €22,314 | €28,853 | +€6,539 | +29.3% |
| Other amounts receivable | 41 | €22,314 | €28,853 | +€6,539 | +29.3% |
| Cash at bank and in hand | 54/58 | €30,233 | €24,774 | -€5,459 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,114 | €5,536 | +€4,422 | +397% |
| Total equity and liabilities | 10/49 | €177,463 | €175,076 | -€2,387 | -1.3% |
| Equity | 10/15 | -€1,467 | €64,128 | +€65,595 | |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €1,779 | €1,779 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,779 | €1,779 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,779 | €1,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,446 | €54,149 | +€65,595 | |
| Amounts payable | 17/49 | €178,930 | €110,948 | -€67,982 | -38.0% |
| Amounts payable within one year | 42/48 | €178,930 | €110,948 | -€67,982 | -38.0% |
| Trade debts | 44 | €93,464 | €36,352 | -€57,112 | -61.1% |
| Suppliers | 440/4 | €93,464 | €36,352 | -€57,112 | -61.1% |
| Taxes, remuneration and social security | 45 | €85,466 | €74,553 | -€10,913 | -12.8% |
| Taxes | 450/3 | €46,341 | €65,467 | +€19,127 | +41.3% |
| Remuneration and social security | 454/9 | €39,125 | €9,085 | -€30,040 | -76.8% |
| Other amounts payable | 47/48 | - | €43 | +€43 | |
| Remuneration, social security and pensions | 62 | €197,486 | €122,789 | -€74,697 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | €1,600 | = | 0.0% |
| Other operating charges | 640/8 | €7,983 | €9,770 | +€1,787 | +22.4% |
| Gross operating margin | 9900 | €231,281 | €225,007 | -€6,275 | -2.7% |
| Operating profit (loss) | 9901 | €24,213 | €90,848 | +€66,635 | +275% |
| Financial income | 75/76B | €57 | €34 | -€23 | -40.9% |
| Recurring financial income | 75 | €57 | €34 | -€23 | -40.9% |
| Financial charges | 65/66B | €2,714 | €6,998 | +€4,284 | +158% |
| Recurring financial charges | 65 | €2,714 | €6,998 | +€4,284 | +158% |
| Profit (loss) for the period before taxes | 9903 | €21,556 | €83,884 | +€62,327 | +289% |
| Income taxes | 67/77 | - | €18,289 | +€18,289 | |
| Profit (loss) for the period | 9904 | €21,556 | €65,595 | +€44,039 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €21,556 | €65,595 | +€44,039 | +204% |
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 28 October 2026 via checked.be.