TRAFFIC-LINE: 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.
TRAFFIC-LINE
Largest movements
- Receivables within one year +€158,297
up €158,297 (+54.6%), from €290,157 to €448,453
of which Trade receivables: +€156,193
- Cash -€116,877
down €116,877 (-73.6%), from €158,897 to €42,021
mainly Receivables within one year (-€158,297) and Investment in fixed assets (net) (-€111,126)
- Tangible fixed assets +€69,543
up €69,543 (+81.2%), from €85,695 to €155,238
of which Plant, machinery and equipment: +€58,897
- Stocks and contracts +€58,083
up €58,083 (+41.1%), from €141,174 to €199,256
- Reserves +€119,286
up €119,286 (+22.3%), from €534,669 to €653,955
of which Distributable reserves: +€119,286
- Trade debts +€35,920
up €35,920 (+51.5%), from €69,724 to €105,644
- Tax, wage and social debts +€8,581
up €8,581 (+348.5%), from €2,462 to €11,043
of which Remuneration and social security: +€8,303
No income-statement line moved by more than 1% of the activity.
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 | €678,273 | €844,968 | +€166,695 | +24.6% |
| Fixed assets | 21/28 | €85,695 | €155,238 | +€69,543 | +81.2% |
| Tangible fixed assets | 22/27 | €85,695 | €155,238 | +€69,543 | +81.2% |
| Plant, machinery and equipment | 23 | €53,242 | €112,139 | +€58,897 | +110.6% |
| Furniture and vehicles | 24 | €7,394 | €9,465 | +€2,071 | +28.0% |
| Other tangible fixed assets | 26 | €25,059 | €33,634 | +€8,575 | +34.2% |
| Current assets | 29/58 | €592,578 | €689,730 | +€97,152 | +16.4% |
| Stocks and contracts in progress | 3 | €141,174 | €199,256 | +€58,083 | +41.1% |
| Stocks | 30/36 | €141,174 | €199,256 | +€58,083 | +41.1% |
| Amounts receivable within one year | 40/41 | €290,157 | €448,453 | +€158,297 | +54.6% |
| Trade receivables | 40 | €282,915 | €439,108 | +€156,193 | +55.2% |
| Other amounts receivable | 41 | €7,241 | €9,345 | +€2,103 | +29.0% |
| Cash at bank and in hand | 54/58 | €158,897 | €42,021 | -€116,877 | -73.6% |
| Deferred charges and accrued income | 490/1 | €2,350 | €0 | -€2,350 | -100.0% |
| Total equity and liabilities | 10/49 | €678,273 | €844,968 | +€166,695 | +24.6% |
| Equity | 10/15 | €540,869 | €660,155 | +€119,286 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €534,669 | €653,955 | +€119,286 | +22.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €534,669 | €653,955 | +€119,286 | +22.3% |
| Amounts payable | 17/49 | €137,404 | €184,813 | +€47,409 | +34.5% |
| Amounts payable within one year | 42/48 | €137,404 | €184,813 | +€47,409 | +34.5% |
| Trade debts | 44 | €69,724 | €105,644 | +€35,920 | +51.5% |
| Suppliers | 440/4 | €69,724 | €105,644 | +€35,920 | +51.5% |
| Taxes, remuneration and social security | 45 | €2,462 | €11,043 | +€8,581 | +348.5% |
| Taxes | 450/3 | €2,462 | €2,740 | +€278 | +11.3% |
| Remuneration and social security | 454/9 | €0 | €8,303 | +€8,303 | |
| Other amounts payable | 47/48 | €65,217 | €68,125 | +€2,908 | +4.5% |
| Remuneration, social security and pensions | 62 | €207,012 | €205,163 | -€1,849 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,581 | €41,584 | +€2,003 | +5.1% |
| Other operating charges | 640/8 | €5,170 | €4,463 | -€707 | -13.7% |
| Gross operating margin | 9900 | €416,074 | €414,437 | -€1,636 | -0.4% |
| Operating profit (loss) | 9901 | €164,311 | €163,228 | -€1,083 | -0.7% |
| Financial income | 75/76B | €711 | €714 | +€3 | +0.4% |
| Recurring financial income | 75 | €711 | €714 | +€3 | +0.4% |
| Financial charges | 65/66B | €388 | €714 | +€326 | +84.1% |
| Recurring financial charges | 65 | €388 | €714 | +€326 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €164,635 | €163,228 | -€1,407 | -0.9% |
| Income taxes | 67/77 | €43,768 | €43,942 | +€174 | +0.4% |
| Profit (loss) for the period | 9904 | €120,867 | €119,286 | -€1,581 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,867 | €119,286 | -€1,581 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.