TRAFFICSHAPING: 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.
TRAFFICSHAPING
Largest movements
- Cash +€60,645
up €60,645 (+276.0%), from €21,973 to €82,618
mainly Net result for the year (+€73,192) and Tax, wage and social debts (+€35,902)
- Tangible fixed assets +€20,082
up €20,082 (+14.4%), from €139,162 to €159,244
of which Land and buildings: +€18,784
- Receivables within one year +€6,504
up €6,504 (+47.4%), from €13,727 to €20,231
of which Trade receivables: +€4,369
- Deferred charges and accrued income -€3,776
down €3,776 (-65.0%), from €5,807 to €2,031
- Reserves +€73,192
up €73,192 (+78.8%), from €92,891 to €166,083
of which Distributable reserves: +€76,599
- Tax, wage and social debts +€35,902
up €35,902 (+108.3%), from €33,138 to €69,039
of which Taxes: +€44,902
- Current portion of long-term debt -€15,569
down €15,569 (-100.0%), from €15,569 to €0
- Trade debts -€6,390
down €6,390 (-46.0%), from €13,906 to €7,516
- Gross operating margin +€71,924
up €71,924 (+87.7%), from €81,996 to €153,920
- Depreciation -€33,367
down €33,367 (-55.4%), from €60,275 to €26,908
- Taxes +€25,016
up €25,016 (+444.2%), from €5,631 to €30,647
- Other operating charges +€15,423
up €15,423 (+172.1%), from €8,963 to €24,385
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 | €180,669 | €264,123 | +€83,454 | +46.2% |
| Fixed assets | 21/28 | €139,162 | €159,244 | +€20,082 | +14.4% |
| Tangible fixed assets | 22/27 | €139,162 | €159,244 | +€20,082 | +14.4% |
| Land and buildings | 22 | €113,785 | €132,569 | +€18,784 | +16.5% |
| Plant, machinery and equipment | 23 | €13,487 | €11,792 | -€1,695 | -12.6% |
| Furniture and vehicles | 24 | €11,890 | €14,883 | +€2,993 | +25.2% |
| Current assets | 29/58 | €41,507 | €104,879 | +€63,372 | +152.7% |
| Amounts receivable within one year | 40/41 | €13,727 | €20,231 | +€6,504 | +47.4% |
| Trade receivables | 40 | €1,585 | €5,954 | +€4,369 | +275.6% |
| Other amounts receivable | 41 | €12,142 | €14,277 | +€2,135 | +17.6% |
| Cash at bank and in hand | 54/58 | €21,973 | €82,618 | +€60,645 | +276.0% |
| Deferred charges and accrued income | 490/1 | €5,807 | €2,031 | -€3,776 | -65.0% |
| Total equity and liabilities | 10/49 | €180,669 | €264,123 | +€83,454 | +46.2% |
| Equity | 10/15 | €105,291 | €178,483 | +€73,192 | +69.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,891 | €166,083 | +€73,192 | +78.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,368 | €38,961 | -€3,407 | -8.0% |
| Distributable reserves | 133 | €48,663 | €125,263 | +€76,599 | +157.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €10,221 | €9,085 | -€1,136 | -11.1% |
| Deferred taxes | 168 | €10,221 | €9,085 | -€1,136 | -11.1% |
| Amounts payable | 17/49 | €65,157 | €76,555 | +€11,397 | +17.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €62,612 | €76,555 | +€13,942 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €15,569 | €0 | -€15,569 | -100.0% |
| Trade debts | 44 | €13,906 | €7,516 | -€6,390 | -46.0% |
| Suppliers | 440/4 | €13,906 | €7,516 | -€6,390 | -46.0% |
| Taxes, remuneration and social security | 45 | €33,138 | €69,039 | +€35,902 | +108.3% |
| Taxes | 450/3 | €24,138 | €69,039 | +€44,902 | +186.0% |
| Remuneration and social security | 454/9 | €9,000 | €0 | -€9,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,545 | €0 | -€2,545 | -100.0% |
| Non-recurring operating income | 76A | €3,678 | €0 | -€3,678 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,275 | €26,908 | -€33,367 | -55.4% |
| Other operating charges | 640/8 | €8,963 | €24,385 | +€15,423 | +172.1% |
| Gross operating margin | 9900 | €81,996 | €153,920 | +€71,924 | +87.7% |
| Operating profit (loss) | 9901 | €12,758 | €102,627 | +€89,869 | +704.4% |
| Financial income | 75/76B | €708 | €811 | +€103 | +14.6% |
| Recurring financial income | 75 | €708 | €811 | +€103 | +14.6% |
| Financial charges | 65/66B | €1,309 | €734 | -€575 | -43.9% |
| Recurring financial charges | 65 | €1,309 | €734 | -€575 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €12,157 | €102,703 | +€90,547 | +744.8% |
| Transfer from deferred taxes | 780 | €1,136 | €1,136 | = | 0.0% |
| Income taxes | 67/77 | €5,631 | €30,647 | +€25,016 | +444.2% |
| Profit (loss) for the period | 9904 | €7,661 | €73,192 | +€65,531 | +855.3% |
| Transfer from tax-exempt reserves | 789 | €5,678 | €3,407 | -€2,271 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,340 | €76,599 | +€63,260 | +474.2% |
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 5 October 2026 via checked.be.