UNIT 10: 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.
UNIT 10
Largest movements
- Stocks and contracts +€2,607
up €2,607 (+23.0%), from €11,324 to €13,931
- Cash +€1,523
up €1,523 (+24.0%), from €6,332 to €7,855
mainly Depreciation (+€7,833) and Current portion of long-term debt (+€1,631)
- Tangible fixed assets -€935
down €935 (-3.7%), from €25,299 to €24,364
of which Furniture and vehicles: -€1,146
- Deferred charges and accrued income +€858
up €858 (+297.9%), from €288 to €1,146
- Current portion of long-term debt +€1,631
up €1,631 (+30.1%), from €5,428 to €7,059
- Profit (loss) carried forward +€1,469
up €1,469 (+15.3%), from -€9,591 to -€8,122
- Tax, wage and social debts +€1,034
up €1,034 (+30.7%), from €3,368 to €4,402
of which Taxes: +€1,075
- Other debts -€504
down €504 (-22.3%), from €2,263 to €1,759
- Staff costs +€2,993
up €2,993 (+13.3%), from €22,437 to €25,430
- Gross operating margin +€1,714
up €1,714 (+4.7%), from €36,486 to €38,200
- Taxes -€651
down €651 (-34.1%), from €1,909 to €1,258
- Depreciation +€428
up €428 (+5.8%), from €7,405 to €7,833
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 | €46,259 | €50,085 | +€3,825 | +8.3% |
| Fixed assets | 21/28 | €25,299 | €24,364 | -€935 | -3.7% |
| Tangible fixed assets | 22/27 | €25,299 | €24,364 | -€935 | -3.7% |
| Land and buildings | 22 | €2,596 | €2,188 | -€408 | -15.7% |
| Plant, machinery and equipment | 23 | €2,087 | €2,705 | +€619 | +29.6% |
| Furniture and vehicles | 24 | €20,617 | €19,471 | -€1,146 | -5.6% |
| Current assets | 29/58 | €20,960 | €25,721 | +€4,760 | +22.7% |
| Stocks and contracts in progress | 3 | €11,324 | €13,931 | +€2,607 | +23.0% |
| Stocks | 30/36 | €11,324 | €13,931 | +€2,607 | +23.0% |
| Amounts receivable within one year | 40/41 | €3,016 | €2,790 | -€227 | -7.5% |
| Trade receivables | 40 | €392 | €587 | +€195 | +49.6% |
| Other amounts receivable | 41 | €2,624 | €2,203 | -€421 | -16.1% |
| Cash at bank and in hand | 54/58 | €6,332 | €7,855 | +€1,523 | +24.0% |
| Deferred charges and accrued income | 490/1 | €288 | €1,146 | +€858 | +297.9% |
| Total equity and liabilities | 10/49 | €46,259 | €50,085 | +€3,825 | +8.3% |
| Equity | 10/15 | €20,518 | €21,987 | +€1,469 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,509 | €11,509 | = | 0.0% |
| Distributable reserves | 133 | €11,509 | €11,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,591 | -€8,122 | +€1,469 | +15.3% |
| Amounts payable | 17/49 | €25,742 | €28,098 | +€2,357 | +9.2% |
| Amounts payable after more than one year | 17 | €12,707 | €13,162 | +€455 | +3.6% |
| Financial debts | 170/4 | €12,707 | €13,162 | +€455 | +3.6% |
| Amounts payable within one year | 42/48 | €13,034 | €14,936 | +€1,902 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €5,428 | €7,059 | +€1,631 | +30.1% |
| Financial debts | 43 | - | €94 | +€94 | |
| Credit institutions | 430/8 | - | €94 | +€94 | |
| Trade debts | 44 | €1,976 | €1,622 | -€354 | -17.9% |
| Suppliers | 440/4 | €1,976 | €1,622 | -€354 | -17.9% |
| Taxes, remuneration and social security | 45 | €3,368 | €4,402 | +€1,034 | +30.7% |
| Taxes | 450/3 | €1,632 | €2,708 | +€1,075 | +65.9% |
| Remuneration and social security | 454/9 | €1,735 | €1,694 | -€41 | -2.4% |
| Other amounts payable | 47/48 | €2,263 | €1,759 | -€504 | -22.3% |
| Remuneration, social security and pensions | 62 | €22,437 | €25,430 | +€2,993 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,405 | €7,833 | +€428 | +5.8% |
| Other operating charges | 640/8 | €1,109 | €1,249 | +€140 | +12.7% |
| Gross operating margin | 9900 | €36,486 | €38,200 | +€1,714 | +4.7% |
| Operating profit (loss) | 9901 | €5,535 | €3,688 | -€1,847 | -33.4% |
| Financial income | 75/76B | €1 | €1 | +€1 | +89.5% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +89.5% |
| Financial charges | 65/66B | €928 | €963 | +€35 | +3.8% |
| Recurring financial charges | 65 | €928 | €963 | +€35 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €4,608 | €2,727 | -€1,881 | -40.8% |
| Income taxes | 67/77 | €1,909 | €1,258 | -€651 | -34.1% |
| Profit (loss) for the period | 9904 | €2,700 | €1,469 | -€1,231 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,700 | €1,469 | -€1,231 | -45.6% |
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 7 October 2026 via checked.be.