THOUSS: what changed
Two fiscal 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.
THOUSS
Largest movements
- Receivables within one year -€10,031
down €10,031 (-13.3%), from €75,414 to €65,383
- Cash -€1,494
no longer reported in 2025 (was €1,494)
mainly Tax, wage and social debts (-€6,454) and Trade debts (-€5,454)
- Tax, wage and social debts -€6,454
down €6,454 (-95.5%), from €6,757 to €303
of which Remuneration and social security: -€3,787
- Trade debts -€5,454
no longer reported in 2025 (was €5,454)
- Other debts -€2,100
no longer reported in 2025 (was €2,100)
- Short-term financial debts +€1,461
new in 2025: €1,461
- Profit (loss) carried forward +€977
up €977 (+2.4%), from €41,304 to €42,281
- Turnover -€243,148
no longer reported in 2025 (was €243,148)
- Purchases and services -€240,762
no longer reported in 2025 (was €240,762)
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.
Cash bridge derived
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 | €97,126 | €85,556 | -€11,570 | -11.9% |
| Fixed assets | 21/28 | €2,149 | €1,461 | -€688 | -32.0% |
| Tangible fixed assets | 22/27 | €1,895 | €1,206 | -€688 | -36.3% |
| Furniture and vehicles | 24 | €1,895 | €1,206 | -€688 | -36.3% |
| Financial fixed assets | 28 | €254 | €254 | = | 0.0% |
| Current assets | 29/58 | €94,977 | €84,095 | -€10,882 | -11.5% |
| Stocks and contracts in progress | 3 | €17,615 | €18,128 | +€513 | +2.9% |
| Stocks | 30/36 | €17,615 | €18,128 | +€513 | +2.9% |
| Amounts receivable within one year | 40/41 | €75,414 | €65,383 | -€10,031 | -13.3% |
| Other amounts receivable | 41 | €75,414 | €65,383 | -€10,031 | -13.3% |
| Cash at bank and in hand | 54/58 | €1,494 | - | -€1,494 | |
| Deferred charges and accrued income | 490/1 | €455 | €585 | +€130 | +28.5% |
| Total equity and liabilities | 10/49 | €97,126 | €85,556 | -€11,570 | -11.9% |
| Equity | 10/15 | €55,716 | €56,693 | +€977 | +1.8% |
| Contributions | 10/11 | €13,850 | €13,850 | = | 0.0% |
| Reserves | 13 | €562 | €562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €562 | €562 | = | 0.0% |
| Reserves not available under the articles | 1311 | €562 | €562 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,304 | €42,281 | +€977 | +2.4% |
| Amounts payable | 17/49 | €41,410 | €28,863 | -€12,547 | -30.3% |
| Amounts payable within one year | 42/48 | €41,410 | €28,863 | -€12,547 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €27,098 | €27,098 | = | 0.0% |
| Financial debts | 43 | - | €1,461 | +€1,461 | |
| Other loans | 439 | - | €1,461 | +€1,461 | |
| Trade debts | 44 | €5,454 | - | -€5,454 | |
| Suppliers | 440/4 | €5,454 | - | -€5,454 | |
| Taxes, remuneration and social security | 45 | €6,757 | €303 | -€6,454 | -95.5% |
| Taxes | 450/3 | €2,667 | - | -€2,667 | |
| Remuneration and social security | 454/9 | €4,090 | €303 | -€3,787 | -92.6% |
| Other amounts payable | 47/48 | €2,100 | - | -€2,100 | |
| Turnover | 70 | €243,148 | - | -€243,148 | |
| Goods, raw materials, services and sundry goods | 60/61 | €240,762 | - | -€240,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €688 | = | 0.0% |
| Other operating charges | 640/8 | €1,437 | €713 | -€724 | -50.4% |
| Gross operating margin | 9900 | €2,609 | €2,528 | -€80 | -3.1% |
| Operating profit (loss) | 9901 | €483 | €1,127 | +€643 | +133.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €139 | €150 | +€11 | +8.2% |
| Recurring financial charges | 65 | €139 | €150 | +€11 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €345 | €977 | +€632 | +183.3% |
| Profit (loss) for the period | 9904 | €345 | €977 | +€632 | +183.3% |
| Profit (loss) for the period to be appropriated | 9905 | €345 | €977 | +€632 | +183.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.