Topline: 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.
Topline
Largest movements
- Receivables within one year +€28,514
up €28,514 (+149.2%), from €19,106 to €47,619
- Cash +€2,063
up €2,063 (+79.6%), from €2,590 to €4,654
mainly Trade debts (+€27,581) and Tax, wage and social debts (+€21,889)
- Trade debts +€27,581
up €27,581 (+69.9%), from €39,469 to €67,049
- Tax, wage and social debts +€21,889
up €21,889 (+77.7%), from €28,176 to €50,066
of which Taxes: +€25,346
- Other debts -€6,292
down €6,292 (-6.6%), from €94,742 to €88,450
- Short-term financial debts -€3,696
no longer reported in 2025 (was €3,696)
- Profit (loss) carried forward -€3,179
down €3,179 (-5.7%), from -€55,603 to -€58,782
- Depreciation -€3,373
down €3,373 (-36.3%), from €9,282 to €5,909
- Other operating charges -€2,580
down €2,580 (-58.7%), from €4,395 to €1,815
- Staff costs +€2,349
new in 2025: €2,349
- Gross operating margin +€2,273
up €2,273 (+24.8%), from €9,164 to €11,437
- Financial charges +€1,203
up €1,203 (+36.0%), from €3,341 to €4,544
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,309 | €161,433 | +€32,123 | +24.8% |
| Fixed assets | 21/28 | €21,225 | €22,770 | +€1,544 | +7.3% |
| Tangible fixed assets | 22/27 | €13,726 | €15,271 | +€1,544 | +11.3% |
| Land and buildings | 22 | €6,636 | €5,551 | -€1,085 | -16.4% |
| Plant, machinery and equipment | 23 | €1,063 | €7,817 | +€6,754 | +635.6% |
| Furniture and vehicles | 24 | €6,027 | €1,902 | -€4,125 | -68.4% |
| Financial fixed assets | 28 | €7,499 | €7,499 | = | 0.0% |
| Current assets | 29/58 | €108,084 | €138,663 | +€30,579 | +28.3% |
| Stocks and contracts in progress | 3 | €85,848 | €85,848 | = | 0.0% |
| Stocks | 30/36 | €85,848 | €85,848 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,106 | €47,619 | +€28,514 | +149.2% |
| Trade receivables | 40 | €19,106 | €47,619 | +€28,514 | +149.2% |
| Cash at bank and in hand | 54/58 | €2,590 | €4,654 | +€2,063 | +79.6% |
| Deferred charges and accrued income | 490/1 | €540 | €542 | +€2 | +0.4% |
| Total equity and liabilities | 10/49 | €129,309 | €161,433 | +€32,123 | +24.8% |
| Equity | 10/15 | -€42,724 | -€45,903 | -€3,179 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,679 | €6,679 | = | 0.0% |
| 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 | €4,819 | €4,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,603 | -€58,782 | -€3,179 | -5.7% |
| Amounts payable | 17/49 | €172,033 | €207,335 | +€35,303 | +20.5% |
| Amounts payable after more than one year | 17 | €1,781 | - | -€1,781 | |
| Financial debts | 170/4 | €1,781 | - | -€1,781 | |
| Amounts payable within one year | 42/48 | €170,251 | €207,335 | +€37,084 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €4,168 | €1,770 | -€2,399 | -57.5% |
| Financial debts | 43 | €3,696 | - | -€3,696 | |
| Credit institutions | 430/8 | €3,696 | - | -€3,696 | |
| Trade debts | 44 | €39,469 | €67,049 | +€27,581 | +69.9% |
| Suppliers | 440/4 | €39,469 | €67,049 | +€27,581 | +69.9% |
| Taxes, remuneration and social security | 45 | €28,176 | €50,066 | +€21,889 | +77.7% |
| Taxes | 450/3 | €23,837 | €49,183 | +€25,346 | +106.3% |
| Remuneration and social security | 454/9 | €4,340 | €883 | -€3,456 | -79.6% |
| Other amounts payable | 47/48 | €94,742 | €88,450 | -€6,292 | -6.6% |
| Remuneration, social security and pensions | 62 | - | €2,349 | +€2,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,282 | €5,909 | -€3,373 | -36.3% |
| Other operating charges | 640/8 | €4,395 | €1,815 | -€2,580 | -58.7% |
| Gross operating margin | 9900 | €9,164 | €11,437 | +€2,273 | +24.8% |
| Operating profit (loss) | 9901 | -€4,513 | €1,364 | +€5,877 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +625.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +625.0% |
| Financial charges | 65/66B | €3,341 | €4,544 | +€1,203 | +36.0% |
| Recurring financial charges | 65 | €3,341 | €4,544 | +€1,203 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,854 | -€3,179 | +€4,675 | +59.5% |
| Profit (loss) for the period | 9904 | -€7,854 | -€3,179 | +€4,675 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,854 | -€3,179 | +€4,675 | +59.5% |
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 2 October 2026 via checked.be.