Unit J: 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 J
Largest movements
- Receivables within one year +€15,261
up €15,261 (+103.5%), from €14,748 to €30,010
of which Trade receivables: +€9,600
- Cash -€12,854
no longer reported in 2025 (was €12,854)
mainly Debts after one year (-€24,829) and Receivables within one year (-€15,261)
- Tangible fixed assets -€9,532
down €9,532 (-15.3%), from €62,407 to €52,875
of which Leasing and similar rights: -€20,451
- Deferred charges and accrued income -€4,463
down €4,463 (-99.8%), from €4,474 to €10
- Debts after one year -€24,829
down €24,829 (-68.7%), from €36,136 to €11,308
- Trade debts +€9,325
new in 2025: €9,325
- Reserves +€8,797
up €8,797 (+36.0%), from €24,443 to €33,240
- Current portion of long-term debt -€8,363
down €8,363 (-60.1%), from €13,904 to €5,541
- Other debts +€2,511
up €2,511 (+36.5%), from €6,876 to €9,386
- Other operating charges +€6,697
up €6,697 (+1197.1%), from €559 to €7,256
- Gross operating margin +€6,483
up €6,483 (+13.9%), from €46,649 to €53,132
- Write-downs -€5,347
no longer reported in 2025 (was €5,347)
- Financial charges +€2,293
up €2,293 (+84.9%), from €2,699 to €4,991
- Taxes -€2,237
down €2,237 (-44.4%), from €5,037 to €2,800
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 | €95,108 | €83,655 | -€11,453 | -12.0% |
| Fixed assets | 21/28 | €63,032 | €53,635 | -€9,397 | -14.9% |
| Tangible fixed assets | 22/27 | €62,407 | €52,875 | -€9,532 | -15.3% |
| Plant, machinery and equipment | 23 | €5,665 | €17,726 | +€12,061 | +212.9% |
| Furniture and vehicles | 24 | €36,291 | €35,149 | -€1,142 | -3.1% |
| Leasing and similar rights | 25 | €20,451 | - | -€20,451 | |
| Financial fixed assets | 28 | €625 | €760 | +€135 | +21.6% |
| Current assets | 29/58 | €32,076 | €30,020 | -€2,056 | -6.4% |
| Amounts receivable within one year | 40/41 | €14,748 | €30,010 | +€15,261 | +103.5% |
| Trade receivables | 40 | €14,165 | €23,766 | +€9,600 | +67.8% |
| Other amounts receivable | 41 | €583 | €6,244 | +€5,661 | +970.9% |
| Cash at bank and in hand | 54/58 | €12,854 | - | -€12,854 | |
| Deferred charges and accrued income | 490/1 | €4,474 | €10 | -€4,463 | -99.8% |
| Total equity and liabilities | 10/49 | €95,108 | €83,655 | -€11,453 | -12.0% |
| Equity | 10/15 | €29,443 | €38,240 | +€8,797 | +29.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,443 | €33,240 | +€8,797 | +36.0% |
| Distributable reserves | 133 | €24,443 | €33,240 | +€8,797 | +36.0% |
| Amounts payable | 17/49 | €65,664 | €45,414 | -€20,250 | -30.8% |
| Amounts payable after more than one year | 17 | €36,136 | €11,308 | -€24,829 | -68.7% |
| Financial debts | 170/4 | €36,136 | €11,308 | -€24,829 | -68.7% |
| Amounts payable within one year | 42/48 | €29,528 | €34,107 | +€4,579 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €13,904 | €5,541 | -€8,363 | -60.1% |
| Financial debts | 43 | - | €2,017 | +€2,017 | |
| Credit institutions | 430/8 | - | €2,017 | +€2,017 | |
| Trade debts | 44 | - | €9,325 | +€9,325 | |
| Suppliers | 440/4 | - | €9,325 | +€9,325 | |
| Taxes, remuneration and social security | 45 | €8,748 | €7,837 | -€911 | -10.4% |
| Taxes | 450/3 | €8,748 | €7,837 | -€911 | -10.4% |
| Other amounts payable | 47/48 | €6,876 | €9,386 | +€2,511 | +36.5% |
| Non-recurring operating income | 76A | - | €6,742 | +€6,742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,912 | €15,097 | +€185 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,347 | - | -€5,347 | |
| Other operating charges | 640/8 | €559 | €7,256 | +€6,697 | +1197.1% |
| Non-recurring operating charges | 66A | - | €14,409 | +€14,409 | |
| Gross operating margin | 9900 | €46,649 | €53,132 | +€6,483 | +13.9% |
| Operating profit (loss) | 9901 | €25,830 | €16,370 | -€9,460 | -36.6% |
| Financial income | 75/76B | €826 | €218 | -€608 | -73.6% |
| Recurring financial income | 75 | €826 | €218 | -€608 | -73.6% |
| Financial charges | 65/66B | €2,699 | €4,991 | +€2,293 | +84.9% |
| Recurring financial charges | 65 | €2,699 | €4,991 | +€2,293 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | €23,958 | €11,597 | -€12,361 | -51.6% |
| Income taxes | 67/77 | €5,037 | €2,800 | -€2,237 | -44.4% |
| Profit (loss) for the period | 9904 | €18,921 | €8,797 | -€10,124 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,921 | €8,797 | -€10,124 | -53.5% |
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 28 September 2026 via checked.be.