TOOLSPOT: 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.
TOOLSPOT
Largest movements
- Stocks and contracts -€100,642
down €100,642 (-16.6%), from €606,028 to €505,386
- Cash -€98,086
down €98,086 (-44.9%), from €218,577 to €120,491
mainly Contributions, distributions and other (-€230,000) and Other debts (-€47,928)
- Tangible fixed assets -€14,034
down €14,034 (-60.7%), from €23,108 to €9,074
of which Furniture and vehicles: -€8,438
- Reserves -€157,501
down €157,501 (-41.8%), from €376,638 to €219,137
- Other debts -€47,928
down €47,928 (-12.6%), from €380,463 to €332,534
- Write-downs +€28,099
up €28,099 (+142.6%), from €19,700 to €47,800
- Gross operating margin +€27,228
up €27,228 (+10.6%), from €256,157 to €283,385
- Financial charges -€11,504
down €11,504 (-35.2%), from €32,676 to €21,172
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 | €1,038,325 | €824,714 | -€213,611 | -20.6% |
| Fixed assets | 21/28 | €34,653 | €17,442 | -€17,211 | -49.7% |
| Intangible fixed assets | 21 | €7,920 | €4,743 | -€3,177 | -40.1% |
| Tangible fixed assets | 22/27 | €23,108 | €9,074 | -€14,034 | -60.7% |
| Plant, machinery and equipment | 23 | €13,378 | €7,782 | -€5,597 | -41.8% |
| Furniture and vehicles | 24 | €9,730 | €1,292 | -€8,438 | -86.7% |
| Financial fixed assets | 28 | €3,625 | €3,625 | = | 0.0% |
| Current assets | 29/58 | €1,003,672 | €807,271 | -€196,400 | -19.6% |
| Stocks and contracts in progress | 3 | €606,028 | €505,386 | -€100,642 | -16.6% |
| Stocks | 30/36 | €606,028 | €505,386 | -€100,642 | -16.6% |
| Amounts receivable within one year | 40/41 | €178,333 | €180,640 | +€2,307 | +1.3% |
| Trade receivables | 40 | €163,337 | €162,606 | -€732 | -0.4% |
| Other amounts receivable | 41 | €14,996 | €18,034 | +€3,038 | +20.3% |
| Cash at bank and in hand | 54/58 | €218,577 | €120,491 | -€98,086 | -44.9% |
| Deferred charges and accrued income | 490/1 | €734 | €754 | +€20 | +2.8% |
| Total equity and liabilities | 10/49 | €1,038,325 | €824,714 | -€213,611 | -20.6% |
| Equity | 10/15 | €395,238 | €237,737 | -€157,501 | -39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €376,638 | €219,137 | -€157,501 | -41.8% |
| Distributable reserves | 133 | €376,638 | €219,137 | -€157,501 | -41.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €643,087 | €586,977 | -€56,110 | -8.7% |
| Amounts payable after more than one year | 17 | €162,276 | €156,374 | -€5,902 | -3.6% |
| Financial debts | 170/4 | €162,276 | €156,374 | -€5,902 | -3.6% |
| Amounts payable within one year | 42/48 | €459,825 | €413,600 | -€46,225 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €5,827 | €5,902 | +€75 | +1.3% |
| Trade debts | 44 | €13,809 | €21,545 | +€7,736 | +56.0% |
| Suppliers | 440/4 | €13,809 | €21,545 | +€7,736 | +56.0% |
| Taxes, remuneration and social security | 45 | €59,727 | €53,619 | -€6,108 | -10.2% |
| Taxes | 450/3 | €41,659 | €38,850 | -€2,809 | -6.7% |
| Remuneration and social security | 454/9 | €18,068 | €14,769 | -€3,299 | -18.3% |
| Other amounts payable | 47/48 | €380,463 | €332,534 | -€47,928 | -12.6% |
| Accrued charges and deferred income | 492/3 | €20,986 | €17,003 | -€3,983 | -19.0% |
| Remuneration, social security and pensions | 62 | €110,856 | €113,368 | +€2,513 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,764 | €17,211 | +€447 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,700 | €47,800 | +€28,099 | +142.6% |
| Other operating charges | 640/8 | €2,836 | €1,929 | -€907 | -32.0% |
| Gross operating margin | 9900 | €256,157 | €283,385 | +€27,228 | +10.6% |
| Operating profit (loss) | 9901 | €106,002 | €103,077 | -€2,925 | -2.8% |
| Financial income | 75/76B | €10,685 | €12,411 | +€1,725 | +16.1% |
| Recurring financial income | 75 | €10,685 | €12,411 | +€1,725 | +16.1% |
| Financial charges | 65/66B | €32,676 | €21,172 | -€11,504 | -35.2% |
| Recurring financial charges | 65 | €32,676 | €21,172 | -€11,504 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €84,011 | €94,316 | +€10,304 | +12.3% |
| Income taxes | 67/77 | €20,725 | €21,817 | +€1,091 | +5.3% |
| Profit (loss) for the period | 9904 | €63,286 | €72,499 | +€9,213 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,286 | €72,499 | +€9,213 | +14.6% |
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 30 September 2026 via checked.be.