VAL YOUR STOCK: 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.
VAL YOUR STOCK
Largest movements
- Stocks and contracts -€66,970
down €66,970 (-68.6%), from €97,695 to €30,725
- Cash +€37,950
up €37,950 (+51.0%), from €74,397 to €112,348
mainly Stocks and contracts (+€66,970) and Net result for the year (+€42,615)
- Receivables within one year +€33,753
up €33,753 (+85.9%), from €39,274 to €73,027
of which Trade receivables: +€21,243
- Tangible fixed assets +€27,105
up €27,105 (+193%), from €14,062 to €41,168
of which Leasing and similar rights: +€33,250
- Financial fixed assets +€15,870
up €15,870 (+529%), from €3,000 to €18,870
- Profit (loss) carried forward +€42,615
up €42,615 (+35.7%), from €119,360 to €161,975
- Trade debts -€26,006
down €26,006 (-36.3%), from €71,644 to €45,638
- Debts after one year +€14,961
up €14,961 (+124%), from €12,056 to €27,017
- Tax, wage and social debts +€10,206
up €10,206 (+1,552%), from €658 to €10,863
- Current portion of long-term debt +€4,299
up €4,299 (+67.7%), from €6,351 to €10,649
- Gross operating margin +€104,823
up €104,823 (+172%), from €60,825 to €165,648
- Staff costs +€69,195
new in 2025: €69,195
- Financial charges +€23,381
up €23,381 (+776%), from €3,014 to €26,395
- Taxes +€15,461
new in 2025: €15,461
- Other operating charges -€7,206
down €7,206 (-68.5%), from €10,514 to €3,308
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 | €229,711 | €278,110 | +€48,398 | +21.1% |
| Fixed assets | 21/28 | €17,062 | €60,038 | +€42,975 | +252% |
| Tangible fixed assets | 22/27 | €14,062 | €41,168 | +€27,105 | +193% |
| Furniture and vehicles | 24 | €14,062 | €7,917 | -€6,145 | -43.7% |
| Leasing and similar rights | 25 | - | €33,250 | +€33,250 | |
| Financial fixed assets | 28 | €3,000 | €18,870 | +€15,870 | +529% |
| Current assets | 29/58 | €212,649 | €218,072 | +€5,423 | +2.6% |
| Stocks and contracts in progress | 3 | €97,695 | €30,725 | -€66,970 | -68.6% |
| Stocks | 30/36 | €97,695 | €30,725 | -€66,970 | -68.6% |
| Amounts receivable within one year | 40/41 | €39,274 | €73,027 | +€33,753 | +85.9% |
| Trade receivables | 40 | €22,982 | €44,225 | +€21,243 | +92.4% |
| Other amounts receivable | 41 | €16,292 | €28,802 | +€12,510 | +76.8% |
| Cash at bank and in hand | 54/58 | €74,397 | €112,348 | +€37,950 | +51.0% |
| Deferred charges and accrued income | 490/1 | €1,283 | €1,973 | +€690 | +53.8% |
| Total equity and liabilities | 10/49 | €229,711 | €278,110 | +€48,398 | +21.1% |
| Equity | 10/15 | €133,430 | €176,045 | +€42,615 | +31.9% |
| Contributions | 10/11 | €14,070 | €14,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,360 | €161,975 | +€42,615 | +35.7% |
| Amounts payable | 17/49 | €96,281 | €102,064 | +€5,783 | +6.0% |
| Amounts payable after more than one year | 17 | €12,056 | €27,017 | +€14,961 | +124% |
| Financial debts | 170/4 | €12,056 | €27,017 | +€14,961 | +124% |
| Amounts payable within one year | 42/48 | €84,226 | €75,048 | -€9,178 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €6,351 | €10,649 | +€4,299 | +67.7% |
| Trade debts | 44 | €71,644 | €45,638 | -€26,006 | -36.3% |
| Suppliers | 440/4 | €71,644 | €45,638 | -€26,006 | -36.3% |
| Taxes, remuneration and social security | 45 | €658 | €10,863 | +€10,206 | +1,552% |
| Remuneration and social security | 454/9 | €658 | €10,863 | +€10,206 | +1,552% |
| Other amounts payable | 47/48 | €5,573 | €7,897 | +€2,324 | +41.7% |
| Remuneration, social security and pensions | 62 | - | €69,195 | +€69,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,714 | €8,675 | -€39 | -0.5% |
| Other operating charges | 640/8 | €10,514 | €3,308 | -€7,206 | -68.5% |
| Gross operating margin | 9900 | €60,825 | €165,648 | +€104,823 | +172% |
| Operating profit (loss) | 9901 | €41,597 | €84,470 | +€42,873 | +103% |
| Financial income | 75/76B | €37 | €1 | -€35 | -96.5% |
| Recurring financial income | 75 | €37 | €1 | -€35 | -96.5% |
| Financial charges | 65/66B | €3,014 | €26,395 | +€23,381 | +776% |
| Recurring financial charges | 65 | €3,014 | €26,395 | +€23,381 | +776% |
| Profit (loss) for the period before taxes | 9903 | €38,620 | €58,076 | +€19,457 | +50.4% |
| Income taxes | 67/77 | - | €15,461 | +€15,461 | |
| Profit (loss) for the period | 9904 | €38,620 | €42,615 | +€3,995 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,620 | €42,615 | +€3,995 | +10.3% |
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 30 October 2026 via checked.be.