TODAY'S MOOD: 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.
TODAY'S MOOD
Largest movements
- Tangible fixed assets -€67,699
down €67,699 (-11.8%), from €572,461 to €504,762
of which Plant, machinery and equipment: -€48,775
- Receivables within one year -€7,555
down €7,555 (-8.3%), from €91,550 to €83,995
of which Trade receivables: -€7,569
- Debts after one year -€64,590
down €64,590 (-14.8%), from €436,296 to €371,706
- Profit (loss) carried forward +€46,942
up €46,942 (+28.9%), from -€162,621 to -€115,679
- Other debts -€34,462
down €34,462 (-26.3%), from €130,806 to €96,344
- Trade debts -€33,424
down €33,424 (-19.7%), from €169,733 to €136,309
- Tax, wage and social debts +€14,492
up €14,492 (+42.9%), from €33,802 to €48,294
of which Taxes: +€9,474
- Gross operating margin +€197,175
up €197,175 (+62.3%), from €316,450 to €513,625
- Staff costs +€19,113
up €19,113 (+9.4%), from €202,637 to €221,750
- Other operating charges -€12,022
down €12,022 (-50.7%), from €23,690 to €11,668
- Financial charges -€7,630
down €7,630 (-31.5%), from €24,186 to €16,556
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 | €731,608 | €652,282 | -€79,326 | -10.8% |
| Fixed assets | 21/28 | €610,719 | €537,506 | -€73,214 | -12.0% |
| Intangible fixed assets | 21 | €28,258 | €22,744 | -€5,515 | -19.5% |
| Tangible fixed assets | 22/27 | €572,461 | €504,762 | -€67,699 | -11.8% |
| Land and buildings | 22 | €366,394 | €351,903 | -€14,491 | -4.0% |
| Plant, machinery and equipment | 23 | €201,362 | €152,588 | -€48,775 | -24.2% |
| Furniture and vehicles | 24 | €1,059 | €271 | -€788 | -74.4% |
| Leasing and similar rights | 25 | €3,646 | - | -€3,646 | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €120,889 | €114,776 | -€6,113 | -5.1% |
| Stocks and contracts in progress | 3 | €10,918 | €10,811 | -€107 | -1.0% |
| Stocks | 30/36 | €10,918 | €10,811 | -€107 | -1.0% |
| Amounts receivable within one year | 40/41 | €91,550 | €83,995 | -€7,555 | -8.3% |
| Trade receivables | 40 | €91,547 | €83,978 | -€7,569 | -8.3% |
| Other amounts receivable | 41 | €3 | €17 | +€14 | +500% |
| Cash at bank and in hand | 54/58 | €18,229 | €19,970 | +€1,741 | +9.5% |
| Deferred charges and accrued income | 490/1 | €191 | - | -€191 | |
| Total equity and liabilities | 10/49 | €731,608 | €652,282 | -€79,326 | -10.8% |
| Equity | 10/15 | -€142,161 | -€95,219 | +€46,942 | +33.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,621 | -€115,679 | +€46,942 | +28.9% |
| Amounts payable | 17/49 | €873,769 | €747,501 | -€126,268 | -14.5% |
| Amounts payable after more than one year | 17 | €436,296 | €371,706 | -€64,590 | -14.8% |
| Financial debts | 170/4 | €436,296 | €371,706 | -€64,590 | -14.8% |
| Amounts payable within one year | 42/48 | €434,255 | €372,577 | -€61,678 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €59,939 | €56,540 | -€3,399 | -5.7% |
| Financial debts | 43 | €39,955 | €35,090 | -€4,866 | -12.2% |
| Credit institutions | 430/8 | €39,955 | €35,090 | -€4,866 | -12.2% |
| Trade debts | 44 | €169,733 | €136,309 | -€33,424 | -19.7% |
| Suppliers | 440/4 | €169,733 | €136,309 | -€33,424 | -19.7% |
| Advances received on contracts in progress | 46 | €20 | - | -€20 | |
| Taxes, remuneration and social security | 45 | €33,802 | €48,294 | +€14,492 | +42.9% |
| Taxes | 450/3 | €23,230 | €32,703 | +€9,474 | +40.8% |
| Remuneration and social security | 454/9 | €10,573 | €15,591 | +€5,018 | +47.5% |
| Other amounts payable | 47/48 | €130,806 | €96,344 | -€34,462 | -26.3% |
| Accrued charges and deferred income | 492/3 | €3,218 | €3,218 | = | 0.0% |
| Non-recurring operating income | 76A | €9,263 | €218,000 | +€208,737 | +2,253% |
| Remuneration, social security and pensions | 62 | €202,637 | €221,750 | +€19,113 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,515 | €81,533 | -€982 | -1.2% |
| Other operating charges | 640/8 | €23,690 | €11,668 | -€12,022 | -50.7% |
| Non-recurring operating charges | 66A | - | €135,000 | +€135,000 | |
| Gross operating margin | 9900 | €316,450 | €513,625 | +€197,175 | +62.3% |
| Operating profit (loss) | 9901 | €7,607 | €63,674 | +€56,066 | +737% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €24,186 | €16,556 | -€7,630 | -31.5% |
| Recurring financial charges | 65 | €24,186 | €16,556 | -€7,630 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,551 | €47,118 | +€63,669 | |
| Income taxes | 67/77 | €160 | €176 | +€16 | +9.9% |
| Profit (loss) for the period | 9904 | -€16,711 | €46,942 | +€63,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,711 | €46,942 | +€63,653 |
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.