THE SALES PARTNER: 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 SALES PARTNER
Largest movements
- Receivables within one year -€25,205
down €25,205 (-32.3%), from €78,041 to €52,836
of which Trade receivables: -€24,067
- Cash +€9,975
up €9,975 (+21.2%), from €47,013 to €56,988
mainly Receivables within one year (+€25,205) and Other debts (+€7,061)
- Deferred charges and accrued income +€2,334
up €2,334 (+967%), from €241 to €2,575
- Tangible fixed assets +€1,733
up €1,733 (+17.5%), from €9,928 to €11,662
of which Plant, machinery and equipment: +€3,243
- Reserves -€15,597
down €15,597 (-21.4%), from €72,819 to €57,222
of which Distributable reserves: -€15,597
- Other debts +€7,061
up €7,061 (+22.5%), from €31,383 to €38,445
- Trade debts -€4,934
down €4,934 (-26.0%), from €18,942 to €14,008
- Tax, wage and social debts +€3,397
up €3,397 (+150%), from €2,261 to €5,658
- Other operating charges +€1,194
up €1,194 (+314%), from €380 to €1,574
- Taxes -€1,035
down €1,035 (-20.9%), from €4,944 to €3,909
- Depreciation -€377
down €377 (-13.6%), from €2,765 to €2,388
- Financial charges +€307
up €307 (+9.3%), from €3,307 to €3,614
- Financial income -€302
down €302 (-99.8%), from €302 to €1
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 | €135,224 | €124,061 | -€11,163 | -8.3% |
| Fixed assets | 21/28 | €9,928 | €11,662 | +€1,733 | +17.5% |
| Tangible fixed assets | 22/27 | €9,928 | €11,662 | +€1,733 | +17.5% |
| Plant, machinery and equipment | 23 | €4,667 | €7,909 | +€3,243 | +69.5% |
| Furniture and vehicles | 24 | €473 | €0 | -€473 | -100.0% |
| Other tangible fixed assets | 26 | €4,788 | €3,752 | -€1,036 | -21.6% |
| Current assets | 29/58 | €125,296 | €112,399 | -€12,896 | -10.3% |
| Amounts receivable within one year | 40/41 | €78,041 | €52,836 | -€25,205 | -32.3% |
| Trade receivables | 40 | €50,756 | €26,689 | -€24,067 | -47.4% |
| Other amounts receivable | 41 | €27,285 | €26,147 | -€1,138 | -4.2% |
| Cash at bank and in hand | 54/58 | €47,013 | €56,988 | +€9,975 | +21.2% |
| Deferred charges and accrued income | 490/1 | €241 | €2,575 | +€2,334 | +967% |
| Total equity and liabilities | 10/49 | €135,224 | €124,061 | -€11,163 | -8.3% |
| Equity | 10/15 | €79,019 | €63,422 | -€15,597 | -19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,819 | €57,222 | -€15,597 | -21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,959 | €55,362 | -€15,597 | -22.0% |
| Amounts payable | 17/49 | €56,205 | €60,639 | +€4,434 | +7.9% |
| Amounts payable within one year | 42/48 | €56,205 | €60,639 | +€4,434 | +7.9% |
| Financial debts | 43 | €3,619 | €2,528 | -€1,090 | -30.1% |
| Credit institutions | 430/8 | €3,619 | €2,528 | -€1,090 | -30.1% |
| Trade debts | 44 | €18,942 | €14,008 | -€4,934 | -26.0% |
| Suppliers | 440/4 | €18,942 | €14,008 | -€4,934 | -26.0% |
| Taxes, remuneration and social security | 45 | €2,261 | €5,658 | +€3,397 | +150% |
| Taxes | 450/3 | €2,261 | €5,658 | +€3,397 | +150% |
| Other amounts payable | 47/48 | €31,383 | €38,445 | +€7,061 | +22.5% |
| Remuneration, social security and pensions | 62 | -€11 | €85 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €2,388 | -€377 | -13.6% |
| Other operating charges | 640/8 | €380 | €1,574 | +€1,194 | +314% |
| Gross operating margin | 9900 | €15,297 | €15,037 | -€260 | -1.7% |
| Operating profit (loss) | 9901 | €12,163 | €10,991 | -€1,172 | -9.6% |
| Financial income | 75/76B | €302 | €1 | -€302 | -99.8% |
| Recurring financial income | 75 | €302 | €1 | -€302 | -99.8% |
| Financial charges | 65/66B | €3,307 | €3,614 | +€307 | +9.3% |
| Recurring financial charges | 65 | €3,307 | €3,614 | +€307 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €9,159 | €7,378 | -€1,781 | -19.4% |
| Income taxes | 67/77 | €4,944 | €3,909 | -€1,035 | -20.9% |
| Profit (loss) for the period | 9904 | €4,215 | €3,469 | -€746 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,215 | €3,469 | -€746 | -17.7% |
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 29 October 2026 via checked.be.