THE PRODUCTION BOX: 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 PRODUCTION BOX
Largest movements
- Current investments -€25,000
down €25,000 (-100%), from €25,000 to €0
- Receivables within one year +€23,176
up €23,176 (+18.4%), from €126,277 to €149,453
of which Trade receivables: +€54,300
- Tangible fixed assets +€19,180
up €19,180 (+4.8%), from €402,386 to €421,566
of which Land and buildings: +€22,564
- Reserves +€24,507
up €24,507 (+6.2%), from €397,654 to €422,161
- Debts after one year -€16,628
down €16,628 (-6.4%), from €261,095 to €244,467
- Tax, wage and social debts +€15,990
up €15,990 (+145%), from €10,996 to €26,986
of which Taxes: +€11,866
- Trade debts -€15,313
down €15,313 (-68.4%), from €22,401 to €7,088
- Other debts +€10,315
up €10,315 (+16.0%), from €64,347 to €74,662
- Gross operating margin +€153,053
up €153,053 (+159%), from €95,992 to €249,045
- Write-downs +€78,502
up €78,502, from €0 to €78,502
- Staff costs +€27,596
up €27,596, from €0 to €27,596
- Taxes +€11,879
up €11,879 (+87.1%), from €13,641 to €25,520
- Financial charges +€8,242
up €8,242 (+78.3%), from €10,532 to €18,774
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 | €788,349 | €807,842 | +€19,494 | +2.5% |
| Fixed assets | 21/28 | €402,386 | €421,566 | +€19,180 | +4.8% |
| Tangible fixed assets | 22/27 | €402,386 | €421,566 | +€19,180 | +4.8% |
| Land and buildings | 22 | €368,966 | €391,530 | +€22,564 | +6.1% |
| Plant, machinery and equipment | 23 | €15,225 | €8,687 | -€6,538 | -42.9% |
| Furniture and vehicles | 24 | €16,354 | €19,948 | +€3,594 | +22.0% |
| Other tangible fixed assets | 26 | €1,842 | €1,402 | -€440 | -23.9% |
| Current assets | 29/58 | €385,962 | €386,276 | +€314 | +0.1% |
| Amounts receivable within one year | 40/41 | €126,277 | €149,453 | +€23,176 | +18.4% |
| Trade receivables | 40 | €93,861 | €148,161 | +€54,300 | +57.9% |
| Other amounts receivable | 41 | €32,417 | €1,293 | -€31,124 | -96.0% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100% |
| Cash at bank and in hand | 54/58 | €194,898 | €200,272 | +€5,374 | +2.8% |
| Deferred charges and accrued income | 490/1 | €39,787 | €36,551 | -€3,236 | -8.1% |
| Total equity and liabilities | 10/49 | €788,349 | €807,842 | +€19,494 | +2.5% |
| Equity | 10/15 | €411,054 | €435,561 | +€24,507 | +6.0% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €397,654 | €422,161 | +€24,507 | +6.2% |
| Distributable reserves | 133 | €397,654 | €422,161 | +€24,507 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €377,295 | €372,281 | -€5,013 | -1.3% |
| Amounts payable after more than one year | 17 | €261,095 | €244,467 | -€16,628 | -6.4% |
| Financial debts | 170/4 | €261,095 | €244,467 | -€16,628 | -6.4% |
| Amounts payable within one year | 42/48 | €113,751 | €125,364 | +€11,613 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €16,007 | €16,628 | +€621 | +3.9% |
| Trade debts | 44 | €22,401 | €7,088 | -€15,313 | -68.4% |
| Suppliers | 440/4 | €22,401 | €7,088 | -€15,313 | -68.4% |
| Taxes, remuneration and social security | 45 | €10,996 | €26,986 | +€15,990 | +145% |
| Taxes | 450/3 | €10,996 | €22,862 | +€11,866 | +108% |
| Remuneration and social security | 454/9 | €0 | €4,124 | +€4,124 | |
| Other amounts payable | 47/48 | €64,347 | €74,662 | +€10,315 | +16.0% |
| Accrued charges and deferred income | 492/3 | €2,448 | €2,450 | +€2 | +0.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €27,596 | +€27,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,397 | €31,569 | -€7,827 | -19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €78,502 | +€78,502 | |
| Other operating charges | 640/8 | €2,817 | €1,080 | -€1,737 | -61.7% |
| Non-recurring operating charges | 66A | €1,233 | €0 | -€1,233 | -100% |
| Gross operating margin | 9900 | €95,992 | €249,045 | +€153,053 | +159% |
| Operating profit (loss) | 9901 | €52,546 | €110,298 | +€57,752 | +110% |
| Financial income | 75/76B | €7,138 | €1,632 | -€5,506 | -77.1% |
| Recurring financial income | 75 | €7,138 | €1,632 | -€5,506 | -77.1% |
| Financial charges | 65/66B | €10,532 | €18,774 | +€8,242 | +78.3% |
| Recurring financial charges | 65 | €10,532 | €18,774 | +€8,242 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €49,153 | €93,157 | +€44,004 | +89.5% |
| Income taxes | 67/77 | €13,641 | €25,520 | +€11,879 | +87.1% |
| Profit (loss) for the period | 9904 | €35,512 | €67,637 | +€32,125 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,512 | €67,637 | +€32,125 | +90.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.