TOTAL BALANCE: 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.
TOTAL BALANCE
Largest movements
- Receivables within one year +€63,160
up €63,160 (+17.2%), from €367,755 to €430,915
of which Other amounts receivable: +€77,845
- Tangible fixed assets -€15,805
down €15,805 (-4.6%), from €346,855 to €331,050
of which Leasing and similar rights: -€9,932
- Cash -€8,539
down €8,539 (-69.9%), from €12,215 to €3,677
mainly Receivables within one year (-€63,160) and Trade debts (-€23,590)
- Profit (loss) carried forward +€66,469
up €66,469 (+44.2%), from €150,350 to €216,820
- Trade debts -€23,590
down €23,590 (-82.6%), from €28,566 to €4,976
- Debts after one year -€21,128
down €21,128 (-12.0%), from €175,503 to €154,375
- Tax, wage and social debts +€10,288
up €10,288 (+22.1%), from €46,512 to €56,800
of which Taxes: +€8,119
- Gross operating margin +€11,639
up €11,639 (+10.8%), from €107,463 to €119,103
- Depreciation +€7,063
up €7,063 (+31.8%), from €22,185 to €29,247
- Taxes +€6,632
up €6,632 (+36.0%), from €18,406 to €25,037
- Other operating charges +€3,715
up €3,715 (+162%), from €2,293 to €6,008
- Financial income +€1,943
up €1,943 (+10.9%), from €17,786 to €19,729
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 | €730,725 | €768,268 | +€37,543 | +5.1% |
| Fixed assets | 21/28 | €346,855 | €331,050 | -€15,805 | -4.6% |
| Tangible fixed assets | 22/27 | €346,855 | €331,050 | -€15,805 | -4.6% |
| Land and buildings | 22 | €260,722 | €263,829 | +€3,107 | +1.2% |
| Plant, machinery and equipment | 23 | €13,450 | €11,485 | -€1,965 | -14.6% |
| Furniture and vehicles | 24 | €26,985 | €19,970 | -€7,015 | -26.0% |
| Leasing and similar rights | 25 | €45,698 | €35,766 | -€9,932 | -21.7% |
| Current assets | 29/58 | €383,870 | €437,217 | +€53,347 | +13.9% |
| Stocks and contracts in progress | 3 | €2,677 | €1,768 | -€909 | -33.9% |
| Stocks | 30/36 | €2,677 | €1,768 | -€909 | -33.9% |
| Amounts receivable within one year | 40/41 | €367,755 | €430,915 | +€63,160 | +17.2% |
| Trade receivables | 40 | €37,245 | €22,560 | -€14,685 | -39.4% |
| Other amounts receivable | 41 | €330,510 | €408,355 | +€77,845 | +23.6% |
| Cash at bank and in hand | 54/58 | €12,215 | €3,677 | -€8,539 | -69.9% |
| Deferred charges and accrued income | 490/1 | €1,223 | €857 | -€365 | -29.9% |
| Total equity and liabilities | 10/49 | €730,725 | €768,268 | +€37,543 | +5.1% |
| Equity | 10/15 | €448,410 | €514,880 | +€66,469 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,860 | €291,860 | = | 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 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,350 | €216,820 | +€66,469 | +44.2% |
| Amounts payable | 17/49 | €282,315 | €253,388 | -€28,927 | -10.2% |
| Amounts payable after more than one year | 17 | €175,503 | €154,375 | -€21,128 | -12.0% |
| Financial debts | 170/4 | €175,503 | €154,375 | -€21,128 | -12.0% |
| Amounts payable within one year | 42/48 | €106,787 | €98,029 | -€8,758 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €20,132 | €21,505 | +€1,372 | +6.8% |
| Financial debts | 43 | €11,577 | €14,748 | +€3,171 | +27.4% |
| Credit institutions | 430/8 | €11,577 | €14,748 | +€3,171 | +27.4% |
| Trade debts | 44 | €28,566 | €4,976 | -€23,590 | -82.6% |
| Suppliers | 440/4 | €28,566 | €4,976 | -€23,590 | -82.6% |
| Taxes, remuneration and social security | 45 | €46,512 | €56,800 | +€10,288 | +22.1% |
| Taxes | 450/3 | €46,512 | €54,631 | +€8,119 | +17.5% |
| Remuneration and social security | 454/9 | - | €2,169 | +€2,169 | |
| Accrued charges and deferred income | 492/3 | €25 | €984 | +€959 | +3,837% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,185 | €29,247 | +€7,063 | +31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €844 | +€844 | |
| Other operating charges | 640/8 | €2,293 | €6,008 | +€3,715 | +162% |
| Gross operating margin | 9900 | €107,463 | €119,103 | +€11,639 | +10.8% |
| Operating profit (loss) | 9901 | €82,986 | €83,003 | +€17 | 0.0% |
| Financial income | 75/76B | €17,786 | €19,729 | +€1,943 | +10.9% |
| Recurring financial income | 75 | €17,786 | €19,729 | +€1,943 | +10.9% |
| Financial charges | 65/66B | €12,189 | €11,226 | -€963 | -7.9% |
| Recurring financial charges | 65 | €12,189 | €11,226 | -€963 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €88,583 | €91,507 | +€2,923 | +3.3% |
| Income taxes | 67/77 | €18,406 | €25,037 | +€6,632 | +36.0% |
| Profit (loss) for the period | 9904 | €70,178 | €66,469 | -€3,708 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,178 | €66,469 | -€3,708 | -5.3% |
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.