VERSION 9 INVEST: what changed
VERSION 9 INVEST
Largest movements
- Cash +€54,010
up €54,010 (+132%), from €40,966 to €94,976
mainly Other debts (+€138,521) and Net result for the year (+€85,711)
- Receivables within one year -€34,111
down €34,111 (-35.8%), from €95,209 to €61,098
of which Trade receivables: -€41,009
- Other debts +€138,521
up €138,521 (+440%), from €31,479 to €170,000
- Profit (loss) carried forward -€114,289
down €114,289 (-54.1%), from €211,272 to €96,983
- Debts after one year -€28,894
down €28,894 (-28.6%), from €101,199 to €72,304
- Tax, wage and social debts +€23,558
up €23,558 (+54.6%), from €43,153 to €66,712
- Gross operating margin -€6,026
down €6,026 (-5.2%), from €116,631 to €110,605
- Taxes -€1,386
down €1,386 (-5.9%), from €23,289 to €21,904
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,162 | €437,061 | +€19,899 | +4.8% |
| Fixed assets | 21/28 | €280,987 | €280,987 | = | 0.0% |
| Financial fixed assets | 28 | €280,987 | €280,987 | = | 0.0% |
| Current assets | 29/58 | €136,175 | €156,074 | +€19,899 | +14.6% |
| Amounts receivable within one year | 40/41 | €95,209 | €61,098 | -€34,111 | -35.8% |
| Trade receivables | 40 | €95,209 | €54,200 | -€41,009 | -43.1% |
| Other amounts receivable | 41 | - | €6,898 | +€6,898 | |
| Cash at bank and in hand | 54/58 | €40,966 | €94,976 | +€54,010 | +132% |
| Total equity and liabilities | 10/49 | €417,162 | €437,061 | +€19,899 | +4.8% |
| Equity | 10/15 | €212,772 | €98,483 | -€114,289 | -53.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,272 | €96,983 | -€114,289 | -54.1% |
| Amounts payable | 17/49 | €204,390 | €338,578 | +€134,188 | +65.7% |
| Amounts payable after more than one year | 17 | €101,199 | €72,304 | -€28,894 | -28.6% |
| Financial debts | 170/4 | €101,199 | €72,304 | -€28,894 | -28.6% |
| Amounts payable within one year | 42/48 | €103,191 | €266,274 | +€163,082 | +158% |
| Current portion of amounts payable after more than one year | 42 | €28,305 | €28,894 | +€589 | +2.1% |
| Trade debts | 44 | €254 | €668 | +€414 | +163% |
| Suppliers | 440/4 | €254 | €668 | +€414 | +163% |
| Taxes, remuneration and social security | 45 | €43,153 | €66,712 | +€23,558 | +54.6% |
| Taxes | 450/3 | €43,153 | €66,712 | +€23,558 | +54.6% |
| Other amounts payable | 47/48 | €31,479 | €170,000 | +€138,521 | +440% |
| Other operating charges | 640/8 | €486 | €507 | +€21 | +4.3% |
| Gross operating margin | 9900 | €116,631 | €110,605 | -€6,026 | -5.2% |
| Operating profit (loss) | 9901 | €116,145 | €110,098 | -€6,047 | -5.2% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €3,084 | €2,492 | -€593 | -19.2% |
| Recurring financial charges | 65 | €3,084 | €2,492 | -€593 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €113,061 | €107,615 | -€5,446 | -4.8% |
| Income taxes | 67/77 | €23,289 | €21,904 | -€1,386 | -5.9% |
| Profit (loss) for the period | 9904 | €89,771 | €85,711 | -€4,061 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,771 | €85,711 | -€4,061 | -4.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.