TO FIX: 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.
TO FIX
Largest movements
- Receivables within one year +€85,730
up €85,730 (+9.3%), from €921,918 to €1.0m
of which Trade receivables: +€75,386
- Tangible fixed assets +€39,115
up €39,115 (+28.1%), from €139,342 to €178,457
- Cash -€22,510
down €22,510 (-81.9%), from €27,487 to €4,977
mainly Investment in fixed assets (net) (-€113,203) and Receivables within one year (-€85,730)
- Trade debts +€112,600
up €112,600 (+12.9%), from €874,309 to €986,909
- Profit (loss) carried forward -€49,154
down €49,154 (-44.0%), from €111,727 to €62,573
- Tax, wage and social debts +€21,246
up €21,246 (+22.0%), from €96,506 to €117,752
of which Taxes: +€12,549
- Current portion of long-term debt +€14,710
up €14,710 (+36.4%), from €40,399 to €55,109
- Staff costs +€55,179
up €55,179 (+10.9%), from €506,065 to €561,244
- Depreciation +€28,120
up €28,120 (+61.2%), from €45,968 to €74,088
- Write-downs -€10,658
down €10,658 (-75.6%), from €14,092 to €3,434
- Taxes -€10,182
down €10,182 (-95.0%), from €10,723 to €541
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 | €1,260,001 | €1,363,719 | +€103,718 | +8.2% |
| Fixed assets | 21/28 | €139,342 | €178,457 | +€39,115 | +28.1% |
| Tangible fixed assets | 22/27 | €139,342 | €178,457 | +€39,115 | +28.1% |
| Furniture and vehicles | 24 | €139,342 | €178,457 | +€39,115 | +28.1% |
| Current assets | 29/58 | €1,120,659 | €1,185,262 | +€64,603 | +5.8% |
| Stocks and contracts in progress | 3 | €165,758 | €165,758 | = | 0.0% |
| Stocks | 30/36 | €165,758 | €165,758 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €921,918 | €1,007,649 | +€85,730 | +9.3% |
| Trade receivables | 40 | €834,108 | €909,494 | +€75,386 | +9.0% |
| Other amounts receivable | 41 | €87,810 | €98,154 | +€10,344 | +11.8% |
| Cash at bank and in hand | 54/58 | €27,487 | €4,977 | -€22,510 | -81.9% |
| Deferred charges and accrued income | 490/1 | €5,495 | €6,878 | +€1,383 | +25.2% |
| Total equity and liabilities | 10/49 | €1,260,001 | €1,363,719 | +€103,718 | +8.2% |
| Equity | 10/15 | €168,311 | €119,157 | -€49,154 | -29.2% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €36,485 | €36,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €21,485 | €21,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,727 | €62,573 | -€49,154 | -44.0% |
| Amounts payable | 17/49 | €1,091,689 | €1,244,561 | +€152,872 | +14.0% |
| Amounts payable after more than one year | 17 | €80,475 | €84,153 | +€3,677 | +4.6% |
| Financial debts | 170/4 | €80,475 | €84,153 | +€3,677 | +4.6% |
| Amounts payable within one year | 42/48 | €1,011,214 | €1,160,409 | +€149,195 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €40,399 | €55,109 | +€14,710 | +36.4% |
| Trade debts | 44 | €874,309 | €986,909 | +€112,600 | +12.9% |
| Suppliers | 440/4 | €874,309 | €986,909 | +€112,600 | +12.9% |
| Taxes, remuneration and social security | 45 | €96,506 | €117,752 | +€21,246 | +22.0% |
| Taxes | 450/3 | €24,977 | €37,526 | +€12,549 | +50.2% |
| Remuneration and social security | 454/9 | €71,530 | €80,226 | +€8,697 | +12.2% |
| Other amounts payable | 47/48 | - | €639 | +€639 | |
| Non-recurring operating income | 76A | €29,190 | €15,000 | -€14,190 | -48.6% |
| Remuneration, social security and pensions | 62 | €506,065 | €561,244 | +€55,179 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,968 | €74,088 | +€28,120 | +61.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,092 | €3,434 | -€10,658 | -75.6% |
| Other operating charges | 640/8 | €3,542 | €2,764 | -€778 | -22.0% |
| Non-recurring operating charges | 66A | €632 | - | -€632 | |
| Gross operating margin | 9900 | €618,538 | €612,568 | -€5,970 | -1.0% |
| Operating profit (loss) | 9901 | €48,240 | -€28,963 | -€77,203 | |
| Financial income | 75/76B | €4,019 | €7,281 | +€3,262 | +81.2% |
| Recurring financial income | 75 | €4,019 | €7,281 | +€3,262 | +81.2% |
| Financial charges | 65/66B | €21,112 | €26,931 | +€5,820 | +27.6% |
| Recurring financial charges | 65 | €21,112 | €26,931 | +€5,820 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €31,147 | -€48,613 | -€79,760 | |
| Income taxes | 67/77 | €10,723 | €541 | -€10,182 | -95.0% |
| Profit (loss) for the period | 9904 | €20,424 | -€49,154 | -€69,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,424 | -€49,154 | -€69,578 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.