TRAINING SOLUTIONS: 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.
TRAINING SOLUTIONS
Largest movements
- Receivables within one year +€209,442
up €209,442 (+45.0%), from €465,803 to €675,246
of which Trade receivables: +€209,692
- Cash -€131,629
down €131,629 (-21.2%), from €621,584 to €489,955
mainly Net result for the year (-€391,352) and Investment in fixed assets (net) (-€316,880)
- Tangible fixed assets +€85,442
up €85,442 (+17.9%), from €476,036 to €561,479
of which Furniture and vehicles: +€125,965
- Intangible fixed assets -€27,854
down €27,854 (-66.3%), from €42,032 to €14,179
- Trade debts +€413,980
up €413,980 (+40.8%), from €1.0m to €1.4m
- Profit (loss) carried forward -€391,352
down €391,352 (-61.7%), from -€634,727 to -€1.0m
- Other debts +€114,146
up €114,146 (+380.5%), from €30,000 to €144,146
- Current portion of long-term debt +€47,363
up €47,363 (+12.1%), from €390,932 to €438,295
- Tax, wage and social debts -€46,581
down €46,581 (-11.6%), from €400,437 to €353,855
of which Remuneration and social security: -€38,436
- Staff costs +€163,837
up €163,837 (+6.5%), from €2.5m to €2.7m
- Gross operating margin -€90,619
down €90,619 (-3.3%), from €2.8m to €2.7m
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 | €1,624,284 | €1,759,369 | +€135,085 | +8.3% |
| Fixed assets | 21/28 | €524,823 | €582,412 | +€57,589 | +11.0% |
| Intangible fixed assets | 21 | €42,032 | €14,179 | -€27,854 | -66.3% |
| Tangible fixed assets | 22/27 | €476,036 | €561,479 | +€85,442 | +17.9% |
| Plant, machinery and equipment | 23 | €222,938 | €154,411 | -€68,526 | -30.7% |
| Furniture and vehicles | 24 | €251,272 | €377,237 | +€125,965 | +50.1% |
| Other tangible fixed assets | 26 | €1,826 | €29,830 | +€28,004 | +1533.3% |
| Financial fixed assets | 28 | €6,755 | €6,755 | = | 0.0% |
| Current assets | 29/58 | €1,099,461 | €1,176,957 | +€77,496 | +7.0% |
| Amounts receivable within one year | 40/41 | €465,803 | €675,246 | +€209,442 | +45.0% |
| Trade receivables | 40 | €465,553 | €675,246 | +€209,692 | +45.0% |
| Other amounts receivable | 41 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €621,584 | €489,955 | -€131,629 | -21.2% |
| Deferred charges and accrued income | 490/1 | €12,074 | €11,756 | -€318 | -2.6% |
| Total equity and liabilities | 10/49 | €1,624,284 | €1,759,369 | +€135,085 | +8.3% |
| Equity | 10/15 | -€521,350 | -€912,702 | -€391,352 | -75.1% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €1,377 | €1,377 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,377 | €1,377 | = | 0.0% |
| Legal reserve | 130 | €1,377 | €1,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€634,727 | -€1,026,079 | -€391,352 | -61.7% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,115,634 | €2,642,071 | +€526,437 | +24.9% |
| Amounts payable after more than one year | 17 | €273,932 | €270,147 | -€3,786 | -1.4% |
| Financial debts | 170/4 | €273,932 | €270,147 | -€3,786 | -1.4% |
| Amounts payable within one year | 42/48 | €1,836,627 | €2,365,535 | +€528,908 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €390,932 | €438,295 | +€47,363 | +12.1% |
| Trade debts | 44 | €1,015,259 | €1,429,239 | +€413,980 | +40.8% |
| Suppliers | 440/4 | €1,015,259 | €1,429,239 | +€413,980 | +40.8% |
| Taxes, remuneration and social security | 45 | €400,437 | €353,855 | -€46,581 | -11.6% |
| Taxes | 450/3 | €88,299 | €80,153 | -€8,146 | -9.2% |
| Remuneration and social security | 454/9 | €312,138 | €273,702 | -€38,436 | -12.3% |
| Other amounts payable | 47/48 | €30,000 | €144,146 | +€114,146 | +380.5% |
| Accrued charges and deferred income | 492/3 | €5,074 | €6,389 | +€1,314 | +25.9% |
| Non-recurring operating income | 76A | €42,415 | €80,606 | +€38,191 | +90.0% |
| Remuneration, social security and pensions | 62 | €2,540,027 | €2,703,863 | +€163,837 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,138 | €259,292 | +€13,153 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,491 | €2,942 | +€1,452 | +97.4% |
| Other operating charges | 640/8 | €15,564 | €37,076 | +€21,513 | +138.2% |
| Non-recurring operating charges | 66A | €1,201 | €45,602 | +€44,401 | +3697.8% |
| Gross operating margin | 9900 | €2,783,870 | €2,693,252 | -€90,619 | -3.3% |
| Operating profit (loss) | 9901 | -€20,550 | -€355,524 | -€334,975 | -1630.1% |
| Financial income | 75/76B | €1,162 | €1,212 | +€50 | +4.3% |
| Recurring financial income | 75 | €1,162 | €1,212 | +€50 | +4.3% |
| Financial charges | 65/66B | €22,726 | €27,013 | +€4,288 | +18.9% |
| Recurring financial charges | 65 | €22,726 | €27,013 | +€4,288 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,114 | -€381,326 | -€339,212 | -805.5% |
| Income taxes | 67/77 | €21,925 | €10,026 | -€11,899 | -54.3% |
| Profit (loss) for the period | 9904 | -€64,038 | -€391,352 | -€327,314 | -511.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,038 | -€391,352 | -€327,314 | -511.1% |
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 10 October 2026 via checked.be.