The Value Hub: 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.
What changed
The Value Hub
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€125,992
2024 · -€3,275-€122,717
Equity
€504,269
2024 · €630,261-€125,992
Cash
€18,633
2024 · €21,190-€2,557
Balance sheet total
€1.8m
2024 · €1.7m+€45,710
Largest movements
Assets
- Stocks and contracts +€321,756
new in 2025: €321,756
- Receivables within one year -€236,872
down €236,872 (-14.9%), from €1.6m to €1.4m
of which Other amounts receivable: -€271,550
- Tangible fixed assets -€22,003
down €22,003 (-31.0%), from €70,979 to €48,976
Equity and liabilities
- Trade debts +€326,798
up €326,798 (+54.6%), from €598,956 to €925,754
- Tax, wage and social debts -€156,150
down €156,150 (-30.2%), from €517,376 to €361,227
of which Taxes: -€92,957
- Reserves -€118,400
down €118,400 (-51.5%), from €229,970 to €111,570
of which Distributable reserves: -€118,400
Income statement
- Purchases and services +€1.7m
up €1.7m (+53.4%), from €3.1m to €4.8m
- Turnover +€767,191
up €767,191 (+12.0%), from €6.4m to €7.1m
- Write-downs +€198,362
new in 2025: €198,362
- Staff costs -€149,474
down €149,474 (-4.7%), from €3.2m to €3.0m
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.
Result 2024
-€3,275
Gross operating margin
-€69,628
Staff costs
+€149,474
Depreciation
+€7,963
Write-downs
-€198,362
Other operating charges
+€3,164
Other operating items
+€1,252
Financial income
+€1,376
Financial charges
-€10,928
Taxes
-€7,028
Result 2025
-€125,992
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€15,364
Investment
-€17,921
Financing
€0
Cash 2024
€21,190
From operations (derived)
+€15,364
Net result for the year
-€125,992
Depreciation
+€39,924
Stocks and contracts
-€321,756
Receivables within one year
+€236,872
Deferred charges and accrued income
+€14,614
Provisions
+€1,053
Trade debts
+€326,798
Tax, wage and social debts
-€156,150
Investment (derived)
-€17,921
Investment in fixed assets (net)
-€17,921
Cash 2025
€18,633
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,746,593 | €1,792,303 | +€45,710 | +2.6% |
| Fixed assets | 21/28 | €70,979 | €48,976 | -€22,003 | -31.0% |
| Tangible fixed assets | 22/27 | €70,979 | €48,976 | -€22,003 | -31.0% |
| Plant, machinery and equipment | 23 | €70,979 | €48,976 | -€22,003 | -31.0% |
| Current assets | 29/58 | €1,675,614 | €1,743,327 | +€67,713 | +4.0% |
| Stocks and contracts in progress | 3 | - | €321,756 | +€321,756 | |
| Contracts in progress | 37 | - | €321,756 | +€321,756 | |
| Amounts receivable within one year | 40/41 | €1,588,609 | €1,351,737 | -€236,872 | -14.9% |
| Trade receivables | 40 | €1,092,061 | €1,126,739 | +€34,678 | +3.2% |
| Other amounts receivable | 41 | €496,548 | €224,998 | -€271,550 | -54.7% |
| Cash at bank and in hand | 54/58 | €21,190 | €18,633 | -€2,557 | -12.1% |
| Deferred charges and accrued income | 490/1 | €65,814 | €51,200 | -€14,614 | -22.2% |
| Total equity and liabilities | 10/49 | €1,746,593 | €1,792,303 | +€45,710 | +2.6% |
| Equity | 10/15 | €630,261 | €504,269 | -€125,992 | -20.0% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €229,970 | €111,570 | -€118,400 | -51.5% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,570 | €71,570 | = | 0.0% |
| Distributable reserves | 133 | €118,400 | - | -€118,400 | |
| Profit (loss) carried forward | 14 | €291 | -€7,301 | -€7,592 | |
| Provisions and deferred taxes | 16 | - | €1,053 | +€1,053 | |
| Provisions for liabilities and charges | 160/5 | - | €1,053 | +€1,053 | |
| Pensions and similar obligations | 160 | - | €1,053 | +€1,053 | |
| Amounts payable | 17/49 | €1,116,332 | €1,286,981 | +€170,648 | +15.3% |
| Amounts payable within one year | 42/48 | €1,116,332 | €1,286,981 | +€170,648 | +15.3% |
| Trade debts | 44 | €598,956 | €925,754 | +€326,798 | +54.6% |
| Suppliers | 440/4 | €598,956 | €925,754 | +€326,798 | +54.6% |
| Taxes, remuneration and social security | 45 | €517,376 | €361,227 | -€156,150 | -30.2% |
| Taxes | 450/3 | €160,152 | €67,194 | -€92,957 | -58.0% |
| Remuneration and social security | 454/9 | €357,225 | €294,033 | -€63,192 | -17.7% |
| Turnover | 70 | €6,374,203 | €7,141,394 | +€767,191 | +12.0% |
| Non-recurring operating income | 76A | €275 | €777 | +€503 | +183% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,125,012 | €4,792,325 | +€1.7m | +53.4% |
| Remuneration, social security and pensions | 62 | €3,190,684 | €3,041,210 | -€149,474 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,888 | €39,924 | -€7,963 | -16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €198,362 | +€198,362 | |
| Other operating charges | 640/8 | €16,170 | €13,006 | -€3,164 | -19.6% |
| Non-recurring operating charges | 66A | €1,252 | - | -€1,252 | |
| Gross operating margin | 9900 | €3,329,436 | €3,259,808 | -€69,628 | -2.1% |
| Operating profit (loss) | 9901 | €73,443 | -€32,694 | -€106,137 | |
| Financial income | 75/76B | €2,148 | €3,524 | +€1,376 | +64.1% |
| Recurring financial income | 75 | €2,070 | €3,446 | +€1,376 | +66.5% |
| Non-recurring financial income | 76B | €78 | €78 | = | 0.0% |
| Financial charges | 65/66B | €69,355 | €80,283 | +€10,928 | +15.8% |
| Recurring financial charges | 65 | €69,355 | €80,283 | +€10,928 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €6,236 | -€109,453 | -€115,689 | |
| Income taxes | 67/77 | €9,511 | €16,539 | +€7,028 | +73.9% |
| Profit (loss) for the period | 9904 | -€3,275 | -€125,992 | -€122,717 | -3,747% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,275 | -€125,992 | -€122,717 | -3,747% |
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 16 October 2026 via checked.be.