TOOLS & FIXINGS: 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.
TOOLS & FIXINGS
Largest movements
- Stocks and contracts +€601,144
up €601,144 (+46.7%), from €1.3m to €1.9m
- Tangible fixed assets +€275,080
up €275,080 (+111.9%), from €245,832 to €520,911
of which Other tangible fixed assets: +€237,860
- Receivables within one year +€230,723
up €230,723 (+41.2%), from €559,345 to €790,068
of which Trade receivables: +€226,397
- Debts after one year +€804,941
up €804,941 (+169.8%), from €473,976 to €1.3m
- Short-term financial debts +€200,000
up €200,000, from €0 to €200,000
- Tax, wage and social debts +€65,590
up €65,590 (+111.3%), from €58,918 to €124,508
of which Remuneration and social security: +€68,747
- Current portion of long-term debt +€58,006
up €58,006 (+56.2%), from €103,178 to €161,183
- Gross operating margin +€189,457
up €189,457 (+22.3%), from €850,610 to €1.0m
- Staff costs +€167,860
up €167,860 (+22.4%), from €747,972 to €915,832
- Financial income +€80,750
up €80,750 (+106.0%), from €76,168 to €156,918
- Financial charges +€62,579
up €62,579 (+108.6%), from €57,615 to €120,194
- Depreciation +€50,849
up €50,849 (+161.4%), from €31,507 to €82,356
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 | €2,278,421 | €3,414,744 | +€1.1m | +49.9% |
| Fixed assets | 21/28 | €287,226 | €587,541 | +€300,315 | +104.6% |
| Intangible fixed assets | 21 | €24,315 | €34,321 | +€10,005 | +41.1% |
| Tangible fixed assets | 22/27 | €245,832 | €520,911 | +€275,080 | +111.9% |
| Plant, machinery and equipment | 23 | €37,461 | €34,310 | -€3,151 | -8.4% |
| Furniture and vehicles | 24 | €3,990 | €44,361 | +€40,371 | +1011.9% |
| Other tangible fixed assets | 26 | €204,381 | €442,241 | +€237,860 | +116.4% |
| Financial fixed assets | 28 | €17,079 | €32,310 | +€15,230 | +89.2% |
| Current assets | 29/58 | €1,991,194 | €2,827,202 | +€836,008 | +42.0% |
| Stocks and contracts in progress | 3 | €1,287,853 | €1,888,997 | +€601,144 | +46.7% |
| Stocks | 30/36 | €1,287,853 | €1,888,997 | +€601,144 | +46.7% |
| Amounts receivable within one year | 40/41 | €559,345 | €790,068 | +€230,723 | +41.2% |
| Trade receivables | 40 | €549,945 | €776,341 | +€226,397 | +41.2% |
| Other amounts receivable | 41 | €9,400 | €13,726 | +€4,326 | +46.0% |
| Cash at bank and in hand | 54/58 | €134,073 | €127,289 | -€6,785 | -5.1% |
| Deferred charges and accrued income | 490/1 | €9,923 | €20,849 | +€10,926 | +110.1% |
| Total equity and liabilities | 10/49 | €2,278,421 | €3,414,744 | +€1.1m | +49.9% |
| Equity | 10/15 | €1,029,821 | €1,058,459 | +€28,638 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,011,221 | €1,039,859 | +€28,638 | +2.8% |
| Tax-exempt reserves | 132 | €836 | €836 | = | 0.0% |
| Distributable reserves | 133 | €1,010,385 | €1,039,023 | +€28,638 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,248,600 | €2,356,285 | +€1.1m | +88.7% |
| Amounts payable after more than one year | 17 | €473,976 | €1,278,917 | +€804,941 | +169.8% |
| Financial debts | 170/4 | €473,976 | €1,278,917 | +€804,941 | +169.8% |
| Amounts payable within one year | 42/48 | €754,573 | €1,040,004 | +€285,431 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €103,178 | €161,183 | +€58,006 | +56.2% |
| Financial debts | 43 | €0 | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | €0 | €200,000 | +€200,000 | |
| Trade debts | 44 | €342,477 | €308,724 | -€33,753 | -9.9% |
| Suppliers | 440/4 | €342,477 | €308,724 | -€33,753 | -9.9% |
| Advances received on contracts in progress | 46 | - | €2,394 | +€2,394 | |
| Taxes, remuneration and social security | 45 | €58,918 | €124,508 | +€65,590 | +111.3% |
| Taxes | 450/3 | €7,725 | €4,568 | -€3,157 | -40.9% |
| Remuneration and social security | 454/9 | €51,193 | €119,940 | +€68,747 | +134.3% |
| Other amounts payable | 47/48 | €250,000 | €243,195 | -€6,805 | -2.7% |
| Accrued charges and deferred income | 492/3 | €20,050 | €37,364 | +€17,314 | +86.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €747,972 | €915,832 | +€167,860 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,507 | €82,356 | +€50,849 | +161.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,896 | €0 | +€6,896 | |
| Other operating charges | 640/8 | €22,248 | €31,416 | +€9,168 | +41.2% |
| Gross operating margin | 9900 | €850,610 | €1,040,067 | +€189,457 | +22.3% |
| Operating profit (loss) | 9901 | €55,778 | €10,463 | -€45,315 | -81.2% |
| Financial income | 75/76B | €76,168 | €156,918 | +€80,750 | +106.0% |
| Recurring financial income | 75 | €76,168 | €156,918 | +€80,750 | +106.0% |
| Financial charges | 65/66B | €57,615 | €120,194 | +€62,579 | +108.6% |
| Recurring financial charges | 65 | €57,615 | €120,194 | +€62,579 | +108.6% |
| Profit (loss) for the period before taxes | 9903 | €74,331 | €47,187 | -€27,144 | -36.5% |
| Income taxes | 67/77 | €13,075 | €18,549 | +€5,474 | +41.9% |
| Profit (loss) for the period | 9904 | €61,256 | €28,638 | -€32,618 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,256 | €28,638 | -€32,618 | -53.2% |
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 5 October 2026 via checked.be.