Topical: 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.
Topical
Largest movements
- Cash +€34,904
up €34,904 (+40.1%), from €86,969 to €121,873
mainly Net result for the year (+€67,298) and Other debts (+€18,219)
- Receivables within one year +€19,033
up €19,033 (+62.9%), from €30,262 to €49,295
of which Trade receivables: +€19,880
- Tangible fixed assets -€10,009
down €10,009 (-7.8%), from €129,055 to €119,046
of which Land and buildings: -€8,954
- Other debts +€18,219
up €18,219 (+15.6%), from €116,808 to €135,028
- Tax, wage and social debts +€15,396
up €15,396 (+139.5%), from €11,037 to €26,433
- Profit (loss) carried forward +€6,139
up €6,139 (+6.7%), from €92,195 to €98,333
- Trade debts +€4,111
up €4,111 (+2594.7%), from €158 to €4,269
- Gross operating margin +€40,029
up €40,029 (+61.3%), from €65,278 to €105,307
- Taxes +€7,463
up €7,463 (+76.8%), from €9,716 to €17,179
- Financial charges +€1,930
up €1,930 (+31.3%), from €6,158 to €8,088
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 | €246,712 | €290,640 | +€43,928 | +17.8% |
| Fixed assets | 21/28 | €129,055 | €119,046 | -€10,009 | -7.8% |
| Tangible fixed assets | 22/27 | €129,055 | €119,046 | -€10,009 | -7.8% |
| Land and buildings | 22 | €124,430 | €115,476 | -€8,954 | -7.2% |
| Plant, machinery and equipment | 23 | €1,505 | €570 | -€935 | -62.1% |
| Furniture and vehicles | 24 | €3,120 | €2,999 | -€121 | -3.9% |
| Current assets | 29/58 | €117,657 | €171,594 | +€53,937 | +45.8% |
| Stocks and contracts in progress | 3 | €427 | €427 | = | 0.0% |
| Stocks | 30/36 | €427 | €427 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,262 | €49,295 | +€19,033 | +62.9% |
| Trade receivables | 40 | €29,170 | €49,050 | +€19,880 | +68.2% |
| Other amounts receivable | 41 | €1,092 | €244 | -€847 | -77.6% |
| Cash at bank and in hand | 54/58 | €86,969 | €121,873 | +€34,904 | +40.1% |
| Total equity and liabilities | 10/49 | €246,712 | €290,640 | +€43,928 | +17.8% |
| Equity | 10/15 | €112,655 | €116,933 | +€4,279 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €92,195 | €98,333 | +€6,139 | +6.7% |
| Amounts payable | 17/49 | €134,057 | €173,707 | +€39,649 | +29.6% |
| Amounts payable within one year | 42/48 | €128,004 | €165,731 | +€37,727 | +29.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €158 | €4,269 | +€4,111 | +2594.7% |
| Suppliers | 440/4 | €158 | €4,269 | +€4,111 | +2594.7% |
| Taxes, remuneration and social security | 45 | €11,037 | €26,433 | +€15,396 | +139.5% |
| Taxes | 450/3 | €11,037 | €26,433 | +€15,396 | +139.5% |
| Other amounts payable | 47/48 | €116,808 | €135,028 | +€18,219 | +15.6% |
| Accrued charges and deferred income | 492/3 | €6,053 | €7,976 | +€1,923 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,265 | €11,680 | +€415 | +3.7% |
| Other operating charges | 640/8 | €1,039 | €1,072 | +€33 | +3.2% |
| Gross operating margin | 9900 | €65,278 | €105,307 | +€40,029 | +61.3% |
| Operating profit (loss) | 9901 | €52,974 | €92,555 | +€39,581 | +74.7% |
| Financial income | 75/76B | €74 | €9 | -€65 | -87.2% |
| Recurring financial income | 75 | €74 | €9 | -€65 | -87.2% |
| Financial charges | 65/66B | €6,158 | €8,088 | +€1,930 | +31.3% |
| Recurring financial charges | 65 | €6,158 | €8,088 | +€1,930 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €46,891 | €84,477 | +€37,586 | +80.2% |
| Income taxes | 67/77 | €9,716 | €17,179 | +€7,463 | +76.8% |
| Profit (loss) for the period | 9904 | €37,175 | €67,298 | +€30,123 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,175 | €67,298 | +€30,123 | +81.0% |
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 10 October 2026 via checked.be.