TOP FINITIONS: 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.
TOP FINITIONS
Largest movements
- Receivables within one year +€32,206
up €32,206 (+33.6%), from €95,889 to €128,095
of which Trade receivables: +€20,068
- Trade debts +€43,730
up €43,730 (+911%), from €4,802 to €48,532
- Other debts -€9,564
down €9,564 (-100%), from €9,564 to €0
- Reserves +€4,500
up €4,500 (+25.2%), from €17,860 to €22,360
of which Distributable reserves: +€4,500
- Accrued charges and deferred income -€4,089
down €4,089 (-100%), from €4,089 to €0
- Gross operating margin +€6,997
up €6,997 (+170%), from €4,121 to €11,118
- Taxes +€2,024
up €2,024 (+235%), from €860 to €2,884
- Financial charges +€865
up €865 (+127%), from €682 to €1,547
- Other operating charges +€303
up €303 (+21.4%), from €1,417 to €1,720
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 | €155,066 | €188,147 | +€33,081 | +21.3% |
| Fixed assets | 21/28 | - | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €155,066 | €188,147 | +€33,081 | +21.3% |
| Stocks and contracts in progress | 3 | €42,862 | €42,134 | -€728 | -1.7% |
| Stocks | 30/36 | €42,862 | €42,134 | -€728 | -1.7% |
| Amounts receivable within one year | 40/41 | €95,889 | €128,095 | +€32,206 | +33.6% |
| Trade receivables | 40 | €63,424 | €83,492 | +€20,068 | +31.6% |
| Other amounts receivable | 41 | €32,465 | €44,603 | +€12,138 | +37.4% |
| Cash at bank and in hand | 54/58 | €16,315 | €17,289 | +€974 | +6.0% |
| Deferred charges and accrued income | 490/1 | - | €630 | +€630 | |
| Total equity and liabilities | 10/49 | €155,066 | €188,147 | +€33,081 | +21.3% |
| Equity | 10/15 | €132,133 | €136,650 | +€4,517 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,860 | €22,360 | +€4,500 | +25.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €20,500 | +€4,500 | +28.1% |
| Profit (loss) carried forward | 14 | €95,673 | €95,690 | +€17 | 0.0% |
| Amounts payable | 17/49 | €22,933 | €51,498 | +€28,565 | +125% |
| Amounts payable within one year | 42/48 | €18,844 | €51,498 | +€32,654 | +173% |
| Trade debts | 44 | €4,802 | €48,532 | +€43,730 | +911% |
| Suppliers | 440/4 | €4,802 | €48,532 | +€43,730 | +911% |
| Taxes, remuneration and social security | 45 | €4,479 | €2,966 | -€1,513 | -33.8% |
| Taxes | 450/3 | €3,795 | €2,966 | -€829 | -21.9% |
| Remuneration and social security | 454/9 | €683 | €0 | -€683 | -100% |
| Other amounts payable | 47/48 | €9,564 | €0 | -€9,564 | -100% |
| Accrued charges and deferred income | 492/3 | €4,089 | €0 | -€4,089 | -100% |
| Non-recurring operating income | 76A | - | €4,089 | +€4,089 | |
| Other operating charges | 640/8 | €1,417 | €1,720 | +€303 | +21.4% |
| Non-recurring operating charges | 66A | - | €450 | +€450 | |
| Gross operating margin | 9900 | €4,121 | €11,118 | +€6,997 | +170% |
| Operating profit (loss) | 9901 | €2,704 | €8,947 | +€6,243 | +231% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €682 | €1,547 | +€865 | +127% |
| Recurring financial charges | 65 | €682 | €1,547 | +€865 | +127% |
| Profit (loss) for the period before taxes | 9903 | €2,022 | €7,401 | +€5,379 | +266% |
| Income taxes | 67/77 | €860 | €2,884 | +€2,024 | +235% |
| Profit (loss) for the period | 9904 | €1,162 | €4,517 | +€3,355 | +289% |
| Profit (loss) for the period to be appropriated | 9905 | €1,162 | €4,517 | +€3,355 | +289% |
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 18 October 2026 via checked.be.