TWO FIX 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.
TWO FIX SOLUTIONS
Largest movements
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Tangible fixed assets +€173,891
up €173,891 (+40.2%), from €432,680 to €606,572
of which Land and buildings: +€204,027
- Receivables within one year -€23,716
down €23,716 (-6.7%), from €355,918 to €332,202
of which Trade receivables: -€14,431
- Cash +€22,162
up €22,162 (+9.9%), from €223,510 to €245,672
mainly Current investments (+€350,000) and Depreciation (+€99,506)
- Other debts -€185,202
no longer reported in 2025 (was €185,202)
- Debts after one year -€125,159
down €125,159 (-53.8%), from €232,695 to €107,536
of which Other amounts payable: -€76,380
- Profit (loss) carried forward +€82,828
up €82,828 (+10.0%), from €824,629 to €907,457
- Trade debts +€32,127
up €32,127 (+380%), from €8,444 to €40,571
- Financial charges -€80,417
down €80,417 (-96.6%), from €83,233 to €2,816
- Depreciation +€18,017
up €18,017 (+22.1%), from €81,489 to €99,506
- Staff costs +€17,922
up €17,922 (+8.0%), from €225,178 to €243,100
- Gross operating margin +€8,292
up €8,292 (+1.8%), from €464,946 to €473,238
- Write-downs +€7,769
up €7,769 (+2,140%), from €363 to €8,132
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 | €1,488,196 | €1,295,906 | -€192,290 | -12.9% |
| Fixed assets | 21/28 | €438,390 | €608,461 | +€170,071 | +38.8% |
| Intangible fixed assets | 21 | €2,104 | €1,583 | -€521 | -24.7% |
| Tangible fixed assets | 22/27 | €432,680 | €606,572 | +€173,891 | +40.2% |
| Land and buildings | 22 | €326,457 | €530,484 | +€204,027 | +62.5% |
| Plant, machinery and equipment | 23 | €84,021 | €49,943 | -€34,079 | -40.6% |
| Furniture and vehicles | 24 | €11,347 | €7,359 | -€3,988 | -35.1% |
| Other tangible fixed assets | 26 | €10,855 | €18,785 | +€7,930 | +73.1% |
| Financial fixed assets | 28 | €3,606 | €306 | -€3,300 | -91.5% |
| Current assets | 29/58 | €1,049,806 | €687,445 | -€362,361 | -34.5% |
| Stocks and contracts in progress | 3 | €111,956 | €102,908 | -€9,048 | -8.1% |
| Stocks | 30/36 | €111,956 | €102,908 | -€9,048 | -8.1% |
| Amounts receivable within one year | 40/41 | €355,918 | €332,202 | -€23,716 | -6.7% |
| Trade receivables | 40 | €343,247 | €328,817 | -€14,431 | -4.2% |
| Other amounts receivable | 41 | €12,670 | €3,385 | -€9,285 | -73.3% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €223,510 | €245,672 | +€22,162 | +9.9% |
| Deferred charges and accrued income | 490/1 | €8,423 | €6,663 | -€1,760 | -20.9% |
| Total equity and liabilities | 10/49 | €1,488,196 | €1,295,906 | -€192,290 | -12.9% |
| Equity | 10/15 | €983,709 | €1,066,537 | +€82,828 | +8.4% |
| Contributions | 10/11 | €52,580 | €52,580 | = | 0.0% |
| Reserves | 13 | €106,500 | €106,500 | = | 0.0% |
| Distributable reserves | 133 | €106,500 | €106,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €824,629 | €907,457 | +€82,828 | +10.0% |
| Amounts payable | 17/49 | €504,487 | €229,369 | -€275,118 | -54.5% |
| Amounts payable after more than one year | 17 | €232,695 | €107,536 | -€125,159 | -53.8% |
| Financial debts | 170/4 | €156,315 | €107,536 | -€48,779 | -31.2% |
| Other amounts payable | 178/9 | €76,380 | - | -€76,380 | |
| Amounts payable within one year | 42/48 | €271,348 | €121,580 | -€149,768 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €48,248 | €48,779 | +€531 | +1.1% |
| Trade debts | 44 | €8,444 | €40,571 | +€32,127 | +380% |
| Suppliers | 440/4 | €8,444 | €40,571 | +€32,127 | +380% |
| Taxes, remuneration and social security | 45 | €29,454 | €32,230 | +€2,776 | +9.4% |
| Taxes | 450/3 | €11,135 | €8,812 | -€2,323 | -20.9% |
| Remuneration and social security | 454/9 | €18,319 | €23,418 | +€5,099 | +27.8% |
| Other amounts payable | 47/48 | €185,202 | - | -€185,202 | |
| Accrued charges and deferred income | 492/3 | €443 | €252 | -€191 | -43.1% |
| Remuneration, social security and pensions | 62 | €225,178 | €243,100 | +€17,922 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,489 | €99,506 | +€18,017 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €363 | €8,132 | +€7,769 | +2,140% |
| Other operating charges | 640/8 | €5,470 | €8,725 | +€3,255 | +59.5% |
| Gross operating margin | 9900 | €464,946 | €473,238 | +€8,292 | +1.8% |
| Operating profit (loss) | 9901 | €152,446 | €113,775 | -€38,670 | -25.4% |
| Financial income | 75/76B | €12,748 | €6,026 | -€6,721 | -52.7% |
| Recurring financial income | 75 | €12,748 | €6,026 | -€6,721 | -52.7% |
| Financial charges | 65/66B | €83,233 | €2,816 | -€80,417 | -96.6% |
| Recurring financial charges | 65 | €83,233 | €2,816 | -€80,417 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €81,960 | €116,985 | +€35,025 | +42.7% |
| Income taxes | 67/77 | €39,857 | €34,157 | -€5,700 | -14.3% |
| Profit (loss) for the period | 9904 | €42,103 | €82,828 | +€40,725 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,103 | €82,828 | +€40,725 | +96.7% |
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.