TRAIT DE CARACTERE: 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.
TRAIT DE CARACTERE
Largest movements
- Receivables within one year +€55,112
up €55,112 (+35.3%), from €156,263 to €211,375
of which Trade receivables: +€48,202
- Trade debts +€22,223
up €22,223 (+13.8%), from €160,545 to €182,768
- Profit (loss) carried forward +€20,667
up €20,667 (+228%), from €9,051 to €29,718
- Other debts +€10,930
up €10,930 (+87.5%), from €12,492 to €23,422
- Gross operating margin +€24,260
up €24,260, from -€16,861 to €7,399
- Other operating charges +€3,267
new in 2025: €3,267
- Financial charges +€741
new in 2025: €741
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 | €196,104 | €251,216 | +€55,112 | +28.1% |
| Fixed assets | 21/28 | €6,508 | €6,508 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,352 | €6,352 | = | 0.0% |
| Plant, machinery and equipment | 23 | €761 | €761 | = | 0.0% |
| Furniture and vehicles | 24 | €5,590 | €5,590 | = | 0.0% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €189,595 | €244,707 | +€55,112 | +29.1% |
| Amounts receivable after more than one year | 29 | €32,000 | €32,000 | = | 0.0% |
| Other amounts receivable | 291 | €32,000 | €32,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,263 | €211,375 | +€55,112 | +35.3% |
| Trade receivables | 40 | €156,263 | €204,465 | +€48,202 | +30.8% |
| Other amounts receivable | 41 | - | €6,910 | +€6,910 | |
| Cash at bank and in hand | 54/58 | €809 | €809 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €524 | €524 | = | 0.0% |
| Total equity and liabilities | 10/49 | €196,104 | €251,216 | +€55,112 | +28.1% |
| Equity | 10/15 | €15,708 | €36,375 | +€20,667 | +132% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €457 | €457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €457 | €457 | = | 0.0% |
| Legal reserve | 130 | €457 | €457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,051 | €29,718 | +€20,667 | +228% |
| Amounts payable | 17/49 | €180,396 | €214,841 | +€34,445 | +19.1% |
| Amounts payable within one year | 42/48 | €180,396 | €214,841 | +€34,445 | +19.1% |
| Financial debts | 43 | €773 | €773 | = | 0.0% |
| Credit institutions | 430/8 | €773 | €773 | = | 0.0% |
| Trade debts | 44 | €160,545 | €182,768 | +€22,223 | +13.8% |
| Suppliers | 440/4 | €160,545 | €182,768 | +€22,223 | +13.8% |
| Advances received on contracts in progress | 46 | €436 | €436 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,150 | €7,442 | +€1,292 | +21.0% |
| Taxes | 450/3 | €6,150 | €7,442 | +€1,292 | +21.0% |
| Other amounts payable | 47/48 | €12,492 | €23,422 | +€10,930 | +87.5% |
| Other operating charges | 640/8 | - | €3,267 | +€3,267 | |
| Gross operating margin | 9900 | -€16,861 | €7,399 | +€24,260 | |
| Operating profit (loss) | 9901 | -€16,861 | €4,132 | +€20,993 | |
| Financial charges | 65/66B | - | €741 | +€741 | |
| Recurring financial charges | 65 | - | €741 | +€741 | |
| Profit (loss) for the period before taxes | 9903 | -€16,861 | €3,391 | +€20,252 | |
| Profit (loss) for the period | 9904 | -€16,861 | €3,391 | +€20,252 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,861 | €3,391 | +€20,252 |
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 20 October 2026 via checked.be.