TOPO-GRAPHICS: 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.
TOPO-GRAPHICS
Largest movements
- Tangible fixed assets +€15,488
up €15,488 (+21.3%), from €72,628 to €88,116
of which Furniture and vehicles: +€29,695
- Cash -€2,644
down €2,644 (-15.9%), from €16,583 to €13,938
mainly Investment in fixed assets (net) (-€33,288) and Debts after one year (-€22,657)
- Receivables within one year +€2,217
up €2,217 (+55.0%), from €4,031 to €6,247
of which Trade receivables: +€2,645
- Other debts +€37,899
up €37,899 (+46.0%), from €82,358 to €120,257
- Debts after one year -€22,657
down €22,657 (-16.1%), from €140,741 to €118,085
- Profit (loss) carried forward -€2,267
down €2,267 (-1.3%), from -€170,493 to -€172,760
- Trade debts +€1,725
up €1,725 (+166.8%), from €1,034 to €2,759
- Current portion of long-term debt +€1,506
up €1,506 (+7.1%), from €21,150 to €22,657
- Depreciation +€3,593
up €3,593 (+25.3%), from €14,207 to €17,801
- Gross operating margin +€2,875
up €2,875 (+15.4%), from €18,701 to €21,576
- Other operating charges +€2,565
up €2,565 (+287.5%), from €892 to €3,457
- Financial charges +€2,166
up €2,166 (+517.0%), from €419 to €2,585
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 | €93,397 | €108,767 | +€15,370 | +16.5% |
| Fixed assets | 21/28 | €72,628 | €88,116 | +€15,488 | +21.3% |
| Tangible fixed assets | 22/27 | €72,628 | €88,116 | +€15,488 | +21.3% |
| Land and buildings | 22 | €72,628 | €58,421 | -€14,207 | -19.6% |
| Furniture and vehicles | 24 | - | €29,695 | +€29,695 | |
| Current assets | 29/58 | €20,769 | €20,651 | -€118 | -0.6% |
| Amounts receivable within one year | 40/41 | €4,031 | €6,247 | +€2,217 | +55.0% |
| Trade receivables | 40 | €3,494 | €6,139 | +€2,645 | +75.7% |
| Other amounts receivable | 41 | €537 | €109 | -€428 | -79.7% |
| Cash at bank and in hand | 54/58 | €16,583 | €13,938 | -€2,644 | -15.9% |
| Deferred charges and accrued income | 490/1 | €156 | €465 | +€309 | +198.7% |
| Total equity and liabilities | 10/49 | €93,397 | €108,767 | +€15,370 | +16.5% |
| Equity | 10/15 | -€155,303 | -€157,569 | -€2,267 | -1.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €190 | €190 | = | 0.0% |
| Non-distributable reserves | 130/1 | €190 | €190 | = | 0.0% |
| Reserves not available under the articles | 1311 | €190 | €190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,493 | -€172,760 | -€2,267 | -1.3% |
| Amounts payable | 17/49 | €248,700 | €266,336 | +€17,636 | +7.1% |
| Amounts payable after more than one year | 17 | €140,741 | €118,085 | -€22,657 | -16.1% |
| Financial debts | 170/4 | €140,741 | €118,085 | -€22,657 | -16.1% |
| Amounts payable within one year | 42/48 | €107,959 | €148,252 | +€40,293 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €21,150 | €22,657 | +€1,506 | +7.1% |
| Trade debts | 44 | €1,034 | €2,759 | +€1,725 | +166.8% |
| Suppliers | 440/4 | €1,034 | €2,759 | +€1,725 | +166.8% |
| Taxes, remuneration and social security | 45 | €3,416 | €2,579 | -€837 | -24.5% |
| Taxes | 450/3 | €3,416 | €2,579 | -€837 | -24.5% |
| Other amounts payable | 47/48 | €82,358 | €120,257 | +€37,899 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,207 | €17,801 | +€3,593 | +25.3% |
| Other operating charges | 640/8 | €892 | €3,457 | +€2,565 | +287.5% |
| Gross operating margin | 9900 | €18,701 | €21,576 | +€2,875 | +15.4% |
| Operating profit (loss) | 9901 | €3,601 | €319 | -€3,283 | -91.2% |
| Financial charges | 65/66B | €419 | €2,585 | +€2,166 | +517.0% |
| Recurring financial charges | 65 | €419 | €2,585 | +€2,166 | +517.0% |
| Profit (loss) for the period before taxes | 9903 | €3,182 | -€2,267 | -€5,449 | |
| Profit (loss) for the period | 9904 | €3,182 | -€2,267 | -€5,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,182 | -€2,267 | -€5,449 |
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 8 October 2026 via checked.be.