TOTAL CONCEPT: 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.
TOTAL CONCEPT
Largest movements
- Receivables within one year +€93,560
up €93,560 (+45.0%), from €207,860 to €301,421
of which Other amounts receivable: +€58,991
- Cash -€37,560
down €37,560 (-88.0%), from €42,694 to €5,135
mainly Receivables within one year (-€93,560) and Investment in fixed assets (net) (-€57,400)
- Tangible fixed assets +€14,547
up €14,547 (+11.1%), from €130,756 to €145,302
of which Furniture and vehicles: +€8,798
- Deferred charges and accrued income +€10,137
up €10,137 (+82.1%), from €12,352 to €22,489
- Reserves +€83,452
up €83,452 (+68.5%), from €121,793 to €205,244
of which Distributable reserves: +€83,452
- Debts after one year -€41,531
down €41,531 (-48.3%), from €85,975 to €44,444
- Trade debts +€41,223
up €41,223 (+71.8%), from €57,427 to €98,649
- Current portion of long-term debt -€7,615
down €7,615 (-15.5%), from €49,146 to €41,531
- Tax, wage and social debts +€6,101
up €6,101 (+18.9%), from €32,312 to €38,413
of which Taxes: +€8,684
- Gross operating margin +€164,241
up €164,241 (+51.6%), from €318,416 to €482,658
- Staff costs +€99,636
up €99,636 (+56.4%), from €176,537 to €276,173
- Other operating charges +€19,855
up €19,855 (+101.5%), from €19,566 to €39,421
- Taxes +€17,282
up €17,282 (+157.7%), from €10,962 to €28,244
- Financial charges -€5,689
down €5,689 (-33.0%), from €17,252 to €11,563
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 | €393,663 | €474,482 | +€80,819 | +20.5% |
| Fixed assets | 21/28 | €130,756 | €145,437 | +€14,682 | +11.2% |
| Tangible fixed assets | 22/27 | €130,756 | €145,302 | +€14,547 | +11.1% |
| Plant, machinery and equipment | 23 | €32,502 | €38,251 | +€5,749 | +17.7% |
| Furniture and vehicles | 24 | €98,254 | €107,051 | +€8,798 | +9.0% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €262,907 | €329,044 | +€66,137 | +25.2% |
| Amounts receivable within one year | 40/41 | €207,860 | €301,421 | +€93,560 | +45.0% |
| Trade receivables | 40 | €180,971 | €215,541 | +€34,569 | +19.1% |
| Other amounts receivable | 41 | €26,889 | €85,880 | +€58,991 | +219.4% |
| Cash at bank and in hand | 54/58 | €42,694 | €5,135 | -€37,560 | -88.0% |
| Deferred charges and accrued income | 490/1 | €12,352 | €22,489 | +€10,137 | +82.1% |
| Total equity and liabilities | 10/49 | €393,663 | €474,482 | +€80,819 | +20.5% |
| Equity | 10/15 | €127,993 | €211,444 | +€83,452 | +65.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,793 | €205,244 | +€83,452 | +68.5% |
| 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 | €119,933 | €203,384 | +€83,452 | +69.6% |
| Amounts payable | 17/49 | €265,670 | €263,037 | -€2,633 | -1.0% |
| Amounts payable after more than one year | 17 | €85,975 | €44,444 | -€41,531 | -48.3% |
| Financial debts | 170/4 | €85,975 | €44,444 | -€41,531 | -48.3% |
| Amounts payable within one year | 42/48 | €178,885 | €218,594 | +€39,709 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €49,146 | €41,531 | -€7,615 | -15.5% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €57,427 | €98,649 | +€41,223 | +71.8% |
| Suppliers | 440/4 | €57,427 | €98,649 | +€41,223 | +71.8% |
| Taxes, remuneration and social security | 45 | €32,312 | €38,413 | +€6,101 | +18.9% |
| Taxes | 450/3 | €23,984 | €32,668 | +€8,684 | +36.2% |
| Remuneration and social security | 454/9 | €8,328 | €5,745 | -€2,583 | -31.0% |
| Accrued charges and deferred income | 492/3 | €810 | €0 | -€810 | -100.0% |
| Remuneration, social security and pensions | 62 | €176,537 | €276,173 | +€99,636 | +56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,072 | €42,718 | -€353 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€57 | €0 | +€57 | |
| Other operating charges | 640/8 | €19,566 | €39,421 | +€19,855 | +101.5% |
| Non-recurring operating charges | 66A | €18,489 | €2,802 | -€15,687 | -84.8% |
| Gross operating margin | 9900 | €318,416 | €482,658 | +€164,241 | +51.6% |
| Operating profit (loss) | 9901 | €60,809 | €121,544 | +€60,735 | +99.9% |
| Financial income | 75/76B | €638 | €1,715 | +€1,077 | +168.8% |
| Recurring financial income | 75 | €638 | €1,715 | +€1,077 | +168.8% |
| Financial charges | 65/66B | €17,252 | €11,563 | -€5,689 | -33.0% |
| Recurring financial charges | 65 | €17,252 | €11,563 | -€5,689 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €44,195 | €111,696 | +€67,501 | +152.7% |
| Income taxes | 67/77 | €10,962 | €28,244 | +€17,282 | +157.7% |
| Profit (loss) for the period | 9904 | €33,233 | €83,452 | +€50,219 | +151.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,233 | €83,452 | +€50,219 | +151.1% |
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 6 October 2026 via checked.be.