V6: 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.
V6
Largest movements
- Receivables within one year +€29,310
up €29,310 (+129.0%), from €22,715 to €52,025
of which Trade receivables: +€20,382
- Tangible fixed assets +€15,618
up €15,618 (+558.5%), from €2,797 to €18,415
of which Plant, machinery and equipment: +€15,642
- Cash +€5,613
up €5,613 (+4.0%), from €138,600 to €144,212
mainly Net result for the year (+€28,816) and Tax, wage and social debts (+€21,515)
- Deferred charges and accrued income +€4,622
up €4,622 (+983.3%), from €470 to €5,092
- Profit (loss) carried forward +€28,816
up €28,816 (+51.1%), from -€56,387 to -€27,571
- Tax, wage and social debts +€21,515
up €21,515 (+27.1%), from €79,387 to €100,902
of which Remuneration and social security: +€21,229
- Reserves -€12,000
down €12,000 (-23.1%), from €51,860 to €39,860
- Other debts +€9,868
up €9,868 (+288.6%), from €3,419 to €13,288
- Trade debts +€5,375
up €5,375 (+5.2%), from €103,521 to €108,896
- Gross operating margin +€180,048
up €180,048 (+30.8%), from €584,241 to €764,289
- Staff costs +€98,239
up €98,239 (+16.1%), from €608,967 to €707,206
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 | €188,001 | €241,574 | +€53,574 | +28.5% |
| Fixed assets | 21/28 | €4,954 | €20,572 | +€15,618 | +315.3% |
| Tangible fixed assets | 22/27 | €2,797 | €18,415 | +€15,618 | +558.5% |
| Plant, machinery and equipment | 23 | €1,786 | €17,427 | +€15,642 | +875.9% |
| Furniture and vehicles | 24 | €1,011 | €987 | -€23 | -2.3% |
| Financial fixed assets | 28 | €2,157 | €2,157 | = | 0.0% |
| Current assets | 29/58 | €183,047 | €221,002 | +€37,955 | +20.7% |
| Stocks and contracts in progress | 3 | €21,262 | €19,673 | -€1,590 | -7.5% |
| Stocks | 30/36 | €21,262 | €19,673 | -€1,590 | -7.5% |
| Amounts receivable within one year | 40/41 | €22,715 | €52,025 | +€29,310 | +129.0% |
| Trade receivables | 40 | €544 | €20,925 | +€20,382 | +3749.1% |
| Other amounts receivable | 41 | €22,171 | €31,099 | +€8,928 | +40.3% |
| Cash at bank and in hand | 54/58 | €138,600 | €144,212 | +€5,613 | +4.0% |
| Deferred charges and accrued income | 490/1 | €470 | €5,092 | +€4,622 | +983.3% |
| Total equity and liabilities | 10/49 | €188,001 | €241,574 | +€53,574 | +28.5% |
| Equity | 10/15 | €1,673 | €18,489 | +€16,816 | +1005.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,860 | €39,860 | -€12,000 | -23.1% |
| Distributable reserves | 133 | €51,860 | €39,860 | -€12,000 | -23.1% |
| Profit (loss) carried forward | 14 | -€56,387 | -€27,571 | +€28,816 | +51.1% |
| Amounts payable | 17/49 | €186,327 | €223,085 | +€36,758 | +19.7% |
| Amounts payable within one year | 42/48 | €186,327 | €223,085 | +€36,758 | +19.7% |
| Trade debts | 44 | €103,521 | €108,896 | +€5,375 | +5.2% |
| Suppliers | 440/4 | €103,521 | €108,896 | +€5,375 | +5.2% |
| Taxes, remuneration and social security | 45 | €79,387 | €100,902 | +€21,515 | +27.1% |
| Taxes | 450/3 | €10,656 | €10,941 | +€286 | +2.7% |
| Remuneration and social security | 454/9 | €68,732 | €89,960 | +€21,229 | +30.9% |
| Other amounts payable | 47/48 | €3,419 | €13,288 | +€9,868 | +288.6% |
| Remuneration, social security and pensions | 62 | €608,967 | €707,206 | +€98,239 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,477 | €5,645 | +€4,169 | +282.3% |
| Other operating charges | 640/8 | €2,218 | €9,582 | +€7,364 | +332.0% |
| Gross operating margin | 9900 | €584,241 | €764,289 | +€180,048 | +30.8% |
| Operating profit (loss) | 9901 | -€28,421 | €41,855 | +€70,276 | |
| Financial income | 75/76B | €2,316 | €794 | -€1,522 | -65.7% |
| Recurring financial income | 75 | €2,316 | €794 | -€1,522 | -65.7% |
| Financial charges | 65/66B | €14,585 | €13,350 | -€1,235 | -8.5% |
| Recurring financial charges | 65 | €14,585 | €13,350 | -€1,235 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,690 | €29,300 | +€69,989 | |
| Income taxes | 67/77 | €533 | €484 | -€49 | -9.2% |
| Profit (loss) for the period | 9904 | -€41,222 | €28,816 | +€70,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,222 | €28,816 | +€70,038 |
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 2 October 2026 via checked.be.