Together we build IT: 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.
Together we build IT
Largest movements
- Receivables within one year +€13,548
up €13,548 (+46.5%), from €29,106 to €42,653
of which Other amounts receivable: +€14,295
- Cash +€11,812
up €11,812 (+16.7%), from €70,670 to €82,482
mainly Net result for the year (+€22,254) and Depreciation (+€20,013)
- Tangible fixed assets +€11,408
up €11,408 (+18.9%), from €60,383 to €71,791
of which Furniture and vehicles: +€13,452
- Deferred charges and accrued income -€3,812
down €3,812 (-94.2%), from €4,046 to €233
- Reserves +€22,254
up €22,254 (+24.4%), from €91,048 to €113,302
- Debts after one year +€13,377
up €13,377 (+60.8%), from €21,993 to €35,370
- Tax, wage and social debts -€9,153
down €9,153 (-28.1%), from €32,592 to €23,439
- Current portion of long-term debt +€6,704
up €6,704 (+60.9%), from €11,017 to €17,721
- Gross operating margin -€15,457
down €15,457 (-22.4%), from €68,862 to €53,405
- Taxes -€4,234
down €4,234 (-40.2%), from €10,522 to €6,287
- Depreciation +€2,519
up €2,519 (+14.4%), from €17,494 to €20,013
- Financial income +€717
up €717 (+113%), from €634 to €1,351
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 | €164,205 | €197,160 | +€32,955 | +20.1% |
| Fixed assets | 21/28 | €60,383 | €71,791 | +€11,408 | +18.9% |
| Tangible fixed assets | 22/27 | €60,383 | €71,791 | +€11,408 | +18.9% |
| Plant, machinery and equipment | 23 | €2,678 | €1,968 | -€711 | -26.5% |
| Furniture and vehicles | 24 | €45,448 | €58,899 | +€13,452 | +29.6% |
| Other tangible fixed assets | 26 | €12,257 | €10,924 | -€1,333 | -10.9% |
| Current assets | 29/58 | €103,822 | €125,369 | +€21,547 | +20.8% |
| Amounts receivable within one year | 40/41 | €29,106 | €42,653 | +€13,548 | +46.5% |
| Trade receivables | 40 | €10,122 | €9,374 | -€748 | -7.4% |
| Other amounts receivable | 41 | €18,984 | €33,279 | +€14,295 | +75.3% |
| Cash at bank and in hand | 54/58 | €70,670 | €82,482 | +€11,812 | +16.7% |
| Deferred charges and accrued income | 490/1 | €4,046 | €233 | -€3,812 | -94.2% |
| Total equity and liabilities | 10/49 | €164,205 | €197,160 | +€32,955 | +20.1% |
| Equity | 10/15 | €95,048 | €117,302 | +€22,254 | +23.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €91,048 | €113,302 | +€22,254 | +24.4% |
| Distributable reserves | 133 | €91,048 | €113,302 | +€22,254 | +24.4% |
| Amounts payable | 17/49 | €69,157 | €79,858 | +€10,701 | +15.5% |
| Amounts payable after more than one year | 17 | €21,993 | €35,370 | +€13,377 | +60.8% |
| Financial debts | 170/4 | €21,993 | €35,370 | +€13,377 | +60.8% |
| Amounts payable within one year | 42/48 | €47,164 | €44,488 | -€2,676 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €11,017 | €17,721 | +€6,704 | +60.9% |
| Trade debts | 44 | €1,837 | €3,327 | +€1,491 | +81.2% |
| Suppliers | 440/4 | €1,837 | €3,327 | +€1,491 | +81.2% |
| Taxes, remuneration and social security | 45 | €32,592 | €23,439 | -€9,153 | -28.1% |
| Taxes | 450/3 | €32,592 | €23,439 | -€9,153 | -28.1% |
| Other amounts payable | 47/48 | €1,718 | - | -€1,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,494 | €20,013 | +€2,519 | +14.4% |
| Other operating charges | 640/8 | €815 | €882 | +€67 | +8.3% |
| Non-recurring operating charges | 66A | - | €3,754 | +€3,754 | |
| Gross operating margin | 9900 | €68,862 | €53,405 | -€15,457 | -22.4% |
| Operating profit (loss) | 9901 | €50,553 | €28,755 | -€21,798 | -43.1% |
| Financial income | 75/76B | €634 | €1,351 | +€717 | +113% |
| Recurring financial income | 75 | €634 | €1,351 | +€717 | +113% |
| Financial charges | 65/66B | €1,240 | €1,566 | +€326 | +26.3% |
| Recurring financial charges | 65 | €1,240 | €1,566 | +€326 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €49,947 | €28,541 | -€21,406 | -42.9% |
| Income taxes | 67/77 | €10,522 | €6,287 | -€4,234 | -40.2% |
| Profit (loss) for the period | 9904 | €39,425 | €22,254 | -€17,172 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,425 | €22,254 | -€17,172 | -43.6% |
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 25 October 2026 via checked.be.