TOP TIMING: 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 TIMING
Largest movements
- Receivables within one year +€40,749
up €40,749 (+158%), from €25,867 to €66,616
- Tangible fixed assets -€11,259
down €11,259 (-6.0%), from €188,094 to €176,835
- Profit (loss) carried forward +€22,135
up €22,135 (+33.8%), from €65,440 to €87,575
- Debts after one year -€13,000
down €13,000 (-12.0%), from €108,374 to €95,374
- Tax, wage and social debts +€12,203
up €12,203 (+87.7%), from €13,913 to €26,116
of which Taxes: +€14,203
- Trade debts +€10,866
up €10,866 (+223%), from €4,874 to €15,740
- Gross operating margin +€11,540
up €11,540 (+28.0%), from €41,215 to €52,755
- Taxes +€6,269
up €6,269 (+120%), from €5,241 to €11,510
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 | €226,637 | €257,919 | +€31,282 | +13.8% |
| Fixed assets | 21/28 | €188,094 | €176,835 | -€11,259 | -6.0% |
| Tangible fixed assets | 22/27 | €188,094 | €176,835 | -€11,259 | -6.0% |
| Land and buildings | 22 | €161,909 | €157,182 | -€4,727 | -2.9% |
| Plant, machinery and equipment | 23 | €14,051 | €12,210 | -€1,841 | -13.1% |
| Furniture and vehicles | 24 | €12,134 | €7,443 | -€4,691 | -38.7% |
| Current assets | 29/58 | €38,543 | €81,084 | +€42,541 | +110% |
| Amounts receivable within one year | 40/41 | €25,867 | €66,616 | +€40,749 | +158% |
| Trade receivables | 40 | €25,867 | €66,616 | +€40,749 | +158% |
| Cash at bank and in hand | 54/58 | €12,675 | €14,468 | +€1,793 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €226,637 | €257,919 | +€31,282 | +13.8% |
| Equity | 10/15 | €77,946 | €100,081 | +€22,135 | +28.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106 | €106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106 | €106 | = | 0.0% |
| Reserves not available under the articles | 1311 | €106 | €106 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,440 | €87,575 | +€22,135 | +33.8% |
| Amounts payable | 17/49 | €148,691 | €157,838 | +€9,147 | +6.2% |
| Amounts payable after more than one year | 17 | €108,374 | €95,374 | -€13,000 | -12.0% |
| Financial debts | 170/4 | €108,374 | €95,374 | -€13,000 | -12.0% |
| Amounts payable within one year | 42/48 | €40,317 | €62,463 | +€22,146 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €14,005 | €14,215 | +€210 | +1.5% |
| Trade debts | 44 | €4,874 | €15,740 | +€10,866 | +223% |
| Suppliers | 440/4 | €4,874 | €15,740 | +€10,866 | +223% |
| Taxes, remuneration and social security | 45 | €13,913 | €26,116 | +€12,203 | +87.7% |
| Taxes | 450/3 | €11,913 | €26,116 | +€14,203 | +119% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €7,525 | €6,392 | -€1,133 | -15.1% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,086 | €13,740 | -€346 | -2.5% |
| Other operating charges | 640/8 | €2,880 | €3,147 | +€267 | +9.3% |
| Gross operating margin | 9900 | €41,215 | €52,755 | +€11,540 | +28.0% |
| Operating profit (loss) | 9901 | €24,249 | €35,868 | +€11,619 | +47.9% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €2,516 | €2,223 | -€293 | -11.6% |
| Recurring financial charges | 65 | €2,516 | €2,168 | -€348 | -13.8% |
| Non-recurring financial charges | 66B | - | €55 | +€55 | |
| Profit (loss) for the period before taxes | 9903 | €21,740 | €33,645 | +€11,905 | +54.8% |
| Income taxes | 67/77 | €5,241 | €11,510 | +€6,269 | +120% |
| Profit (loss) for the period | 9904 | €16,499 | €22,135 | +€5,636 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,499 | €22,135 | +€5,636 | +34.2% |
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 15 October 2026 via checked.be.