Uncompressed: 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.
Uncompressed
Largest movements
- Receivables within one year +€82,148
up €82,148 (+181.5%), from €45,264 to €127,412
of which Trade receivables: +€82,177
- Cash -€30,983
down €30,983 (-26.4%), from €117,457 to €86,474
mainly Receivables within one year (-€82,148) and Contributions, distributions and other (-€77,500)
- Intangible fixed assets -€17,500
down €17,500 (-13.3%), from €131,130 to €113,630
- Trade debts +€42,594
up €42,594 (+354.9%), from €12,002 to €54,596
- Other debts -€32,522
down €32,522 (-56.1%), from €58,022 to €25,500
- Tax, wage and social debts +€19,184
up €19,184 (+63.0%), from €30,475 to €49,659
of which Taxes: +€18,765
- Profit (loss) carried forward +€6,666
up €6,666 (+4.5%), from €149,641 to €156,307
- Gross operating margin +€79,598
up €79,598 (+42.2%), from €188,475 to €268,073
- Taxes +€23,848
up €23,848 (+384.7%), from €6,199 to €30,048
- Staff costs +€14,698
up €14,698 (+12.6%), from €116,873 to €131,571
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 | €300,139 | €336,062 | +€35,923 | +12.0% |
| Fixed assets | 21/28 | €137,418 | €122,113 | -€15,305 | -11.1% |
| Intangible fixed assets | 21 | €131,130 | €113,630 | -€17,500 | -13.3% |
| Tangible fixed assets | 22/27 | €5,288 | €7,482 | +€2,195 | +41.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,288 | €7,482 | +€2,195 | +41.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €162,721 | €213,949 | +€51,228 | +31.5% |
| Amounts receivable within one year | 40/41 | €45,264 | €127,412 | +€82,148 | +181.5% |
| Trade receivables | 40 | €41,434 | €123,611 | +€82,177 | +198.3% |
| Other amounts receivable | 41 | €3,831 | €3,801 | -€30 | -0.8% |
| Cash at bank and in hand | 54/58 | €117,457 | €86,474 | -€30,983 | -26.4% |
| Deferred charges and accrued income | 490/1 | €0 | €64 | +€64 | |
| Total equity and liabilities | 10/49 | €300,139 | €336,062 | +€35,923 | +12.0% |
| Equity | 10/15 | €199,641 | €206,307 | +€6,666 | +3.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,641 | €156,307 | +€6,666 | +4.5% |
| Amounts payable | 17/49 | €100,498 | €129,755 | +€29,256 | +29.1% |
| Amounts payable within one year | 42/48 | €100,498 | €129,755 | +€29,256 | +29.1% |
| Trade debts | 44 | €12,002 | €54,596 | +€42,594 | +354.9% |
| Suppliers | 440/4 | €12,002 | €54,596 | +€42,594 | +354.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,475 | €49,659 | +€19,184 | +63.0% |
| Taxes | 450/3 | €15,575 | €34,340 | +€18,765 | +120.5% |
| Remuneration and social security | 454/9 | €14,900 | €15,319 | +€419 | +2.8% |
| Other amounts payable | 47/48 | €58,022 | €25,500 | -€32,522 | -56.1% |
| Remuneration, social security and pensions | 62 | €116,873 | €131,571 | +€14,698 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,900 | €21,437 | +€1,537 | +7.7% |
| Other operating charges | 640/8 | €780 | €400 | -€380 | -48.8% |
| Gross operating margin | 9900 | €188,475 | €268,073 | +€79,598 | +42.2% |
| Operating profit (loss) | 9901 | €50,922 | €114,665 | +€63,744 | +125.2% |
| Financial income | 75/76B | €0 | €14 | +€13 | +22433.3% |
| Recurring financial income | 75 | €0 | €14 | +€13 | +22433.3% |
| Financial charges | 65/66B | €351 | €465 | +€114 | +32.3% |
| Recurring financial charges | 65 | €351 | €465 | +€114 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €50,570 | €114,214 | +€63,643 | +125.9% |
| Income taxes | 67/77 | €6,199 | €30,048 | +€23,848 | +384.7% |
| Profit (loss) for the period | 9904 | €44,371 | €84,166 | +€39,795 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,371 | €84,166 | +€39,795 | +89.7% |
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 6 October 2026 via checked.be.