VERSION NATURE: 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.
VERSION NATURE
Largest movements
- Tangible fixed assets +€20,057
up €20,057 (+6.1%), from €326,530 to €346,587
of which Leasing and similar rights: +€27,110
- Cash +€4,474
up €4,474 (+27.6%), from €16,184 to €20,658
mainly Net result for the year (+€14,977) and Depreciation (+€12,065)
- Profit (loss) carried forward +€14,977
up €14,977 (+96.4%), from €15,543 to €30,520
- Tax, wage and social debts +€9,036
up €9,036 (+60.7%), from €14,883 to €23,918
of which Taxes: +€8,091
- Other debts -€4,019
down €4,019 (-5.4%), from €74,783 to €70,764
- Gross operating margin +€13,556
up €13,556 (+24.2%), from €56,021 to €69,577
- Taxes +€5,452
up €5,452 (+764%), from €714 to €6,166
- Depreciation -€3,378
down €3,378 (-21.9%), from €15,443 to €12,065
- Write-downs +€816
up €816, from -€183 to €633
- Financial charges -€756
down €756 (-7.7%), from €9,850 to €9,094
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 | €360,782 | €387,894 | +€27,112 | +7.5% |
| Fixed assets | 21/28 | €326,530 | €346,587 | +€20,057 | +6.1% |
| Tangible fixed assets | 22/27 | €326,530 | €346,587 | +€20,057 | +6.1% |
| Land and buildings | 22 | €322,201 | €314,245 | -€7,956 | -2.5% |
| Furniture and vehicles | 24 | €4,329 | €3,359 | -€970 | -22.4% |
| Leasing and similar rights | 25 | - | €27,110 | +€27,110 | |
| Other tangible fixed assets | 26 | - | €1,873 | +€1,873 | |
| Current assets | 29/58 | €34,252 | €41,308 | +€7,055 | +20.6% |
| Stocks and contracts in progress | 3 | €16,728 | €19,017 | +€2,290 | +13.7% |
| Stocks | 30/36 | €16,728 | €19,017 | +€2,290 | +13.7% |
| Amounts receivable within one year | 40/41 | €27 | €383 | +€356 | +1,298% |
| Other amounts receivable | 41 | €27 | €383 | +€356 | +1,298% |
| Cash at bank and in hand | 54/58 | €16,184 | €20,658 | +€4,474 | +27.6% |
| Deferred charges and accrued income | 490/1 | €1,313 | €1,249 | -€65 | -4.9% |
| Total equity and liabilities | 10/49 | €360,782 | €387,894 | +€27,112 | +7.5% |
| Equity | 10/15 | €35,994 | €50,971 | +€14,977 | +41.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,543 | €30,520 | +€14,977 | +96.4% |
| Amounts payable | 17/49 | €324,788 | €336,924 | +€12,136 | +3.7% |
| Amounts payable after more than one year | 17 | €211,683 | €215,031 | +€3,348 | +1.6% |
| Financial debts | 170/4 | €211,683 | €215,031 | +€3,348 | +1.6% |
| Amounts payable within one year | 42/48 | €113,105 | €121,893 | +€8,788 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €16,279 | €18,231 | +€1,952 | +12.0% |
| Trade debts | 44 | €7,160 | €8,980 | +€1,820 | +25.4% |
| Suppliers | 440/4 | €7,160 | €8,980 | +€1,820 | +25.4% |
| Taxes, remuneration and social security | 45 | €14,883 | €23,918 | +€9,036 | +60.7% |
| Taxes | 450/3 | €7,515 | €15,606 | +€8,091 | +108% |
| Remuneration and social security | 454/9 | €7,368 | €8,312 | +€945 | +12.8% |
| Other amounts payable | 47/48 | €74,783 | €70,764 | -€4,019 | -5.4% |
| Remuneration, social security and pensions | 62 | €22,554 | €23,050 | +€497 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,443 | €12,065 | -€3,378 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€183 | €633 | +€816 | |
| Other operating charges | 640/8 | €4,406 | €3,901 | -€505 | -11.5% |
| Gross operating margin | 9900 | €56,021 | €69,577 | +€13,556 | +24.2% |
| Operating profit (loss) | 9901 | €13,801 | €29,927 | +€16,127 | +117% |
| Financial income | 75/76B | €241 | €309 | +€67 | +28.0% |
| Recurring financial income | 75 | €241 | €309 | +€67 | +28.0% |
| Financial charges | 65/66B | €9,850 | €9,094 | -€756 | -7.7% |
| Recurring financial charges | 65 | €9,850 | €9,094 | -€756 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €4,192 | €21,142 | +€16,950 | +404% |
| Income taxes | 67/77 | €714 | €6,166 | +€5,452 | +764% |
| Profit (loss) for the period | 9904 | €3,478 | €14,977 | +€11,498 | +331% |
| Profit (loss) for the period to be appropriated | 9905 | €3,478 | €14,977 | +€11,498 | +331% |
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 28 October 2026 via checked.be.