THE IDENTITY BUILDERS: 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 IDENTITY BUILDERS
Largest movements
- Tangible fixed assets -€19,135
down €19,135 (-18.1%), from €105,900 to €86,765
of which Plant, machinery and equipment: -€16,061
- Cash +€17,062
up €17,062 (+39.1%), from €43,689 to €60,751
mainly Other debts (+€44,911) and Depreciation (+€28,183)
- Receivables within one year -€16,416
down €16,416 (-44.9%), from €36,553 to €20,137
of which Trade receivables: -€11,714
- Current investments +€5,150
new in 2025: €5,150
- Deferred charges and accrued income +€3,042
up €3,042 (+376%), from €810 to €3,852
- Other debts +€44,911
up €44,911 (+78.0%), from €57,563 to €102,474
- Reserves -€29,268
down €29,268 (-41.7%), from €70,161 to €40,893
- Trade debts -€28,867
down €28,867 (-77.3%), from €37,357 to €8,490
- Tax, wage and social debts +€9,031
up €9,031 (+332%), from €2,724 to €11,755
- Current portion of long-term debt -€5,554
no longer reported in 2025 (was €5,554)
- Taxes +€2,278
up €2,278 (+21.4%), from €10,661 to €12,940
- Gross operating margin -€1,254
down €1,254 (-2.4%), from €51,819 to €50,565
- Other operating charges -€959
down €959 (-27.5%), from €3,487 to €2,528
- Financial charges +€803
up €803 (+38.2%), from €2,101 to €2,904
- Depreciation +€575
up €575 (+2.1%), from €27,609 to €28,183
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 | €191,951 | €182,204 | -€9,747 | -5.1% |
| Fixed assets | 21/28 | €110,900 | €92,315 | -€18,585 | -16.8% |
| Tangible fixed assets | 22/27 | €105,900 | €86,765 | -€19,135 | -18.1% |
| Plant, machinery and equipment | 23 | €74,628 | €58,567 | -€16,061 | -21.5% |
| Furniture and vehicles | 24 | €31,272 | €28,198 | -€3,074 | -9.8% |
| Financial fixed assets | 28 | €5,000 | €5,550 | +€550 | +11.0% |
| Current assets | 29/58 | €81,051 | €89,889 | +€8,838 | +10.9% |
| Amounts receivable within one year | 40/41 | €36,553 | €20,137 | -€16,416 | -44.9% |
| Trade receivables | 40 | €31,851 | €20,137 | -€11,714 | -36.8% |
| Other amounts receivable | 41 | €4,702 | - | -€4,702 | |
| Current investments | 50/53 | - | €5,150 | +€5,150 | |
| Cash at bank and in hand | 54/58 | €43,689 | €60,751 | +€17,062 | +39.1% |
| Deferred charges and accrued income | 490/1 | €810 | €3,852 | +€3,042 | +376% |
| Total equity and liabilities | 10/49 | €191,951 | €182,204 | -€9,747 | -5.1% |
| Equity | 10/15 | €88,753 | €59,485 | -€29,268 | -33.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €70,161 | €40,893 | -€29,268 | -41.7% |
| Distributable reserves | 133 | €70,161 | €40,893 | -€29,268 | -41.7% |
| Amounts payable | 17/49 | €103,198 | €122,719 | +€19,521 | +18.9% |
| Amounts payable within one year | 42/48 | €103,198 | €122,719 | +€19,521 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €5,554 | - | -€5,554 | |
| Trade debts | 44 | €37,357 | €8,490 | -€28,867 | -77.3% |
| Suppliers | 440/4 | €37,357 | €8,490 | -€28,867 | -77.3% |
| Taxes, remuneration and social security | 45 | €2,724 | €11,755 | +€9,031 | +332% |
| Taxes | 450/3 | €2,724 | €11,755 | +€9,031 | +332% |
| Other amounts payable | 47/48 | €57,563 | €102,474 | +€44,911 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,609 | €28,183 | +€575 | +2.1% |
| Other operating charges | 640/8 | €3,487 | €2,528 | -€959 | -27.5% |
| Non-recurring operating charges | 66A | €5,531 | €1,693 | -€3,838 | -69.4% |
| Gross operating margin | 9900 | €51,819 | €50,565 | -€1,254 | -2.4% |
| Operating profit (loss) | 9901 | €15,192 | €18,160 | +€2,968 | +19.5% |
| Financial income | 75/76B | €90 | €0 | -€89 | -99.9% |
| Recurring financial income | 75 | €90 | €0 | -€89 | -99.9% |
| Financial charges | 65/66B | €2,101 | €2,904 | +€803 | +38.2% |
| Recurring financial charges | 65 | €2,101 | €2,904 | +€803 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €13,180 | €15,256 | +€2,076 | +15.7% |
| Income taxes | 67/77 | €10,661 | €12,940 | +€2,278 | +21.4% |
| Profit (loss) for the period | 9904 | €2,519 | €2,316 | -€203 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,519 | €2,316 | -€203 | -8.0% |
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.