VIDEO-TAKE: 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.
VIDEO-TAKE
Largest movements
- Cash +€21,068
up €21,068 (+39.8%), from €52,935 to €74,002
mainly Depreciation (+€21,953) and Net result for the year (+€19,143)
- Tangible fixed assets +€9,391
up €9,391 (+7.5%), from €124,456 to €133,847
of which Plant, machinery and equipment: +€12,232
- Receivables within one year +€4,586
up €4,586 (+23.4%), from €19,573 to €24,160
of which Other amounts receivable: +€5,105
- Stocks and contracts +€4,561
up €4,561 (+29.8%), from €15,299 to €19,860
- Reserves +€19,143
up €19,143 (+9.8%), from €195,156 to €214,299
of which Distributable reserves: +€19,143
- Trade debts +€15,050
up €15,050 (+76.3%), from €19,731 to €34,781
- Tax, wage and social debts -€6,978
down €6,978 (-12.3%), from €56,712 to €49,734
of which Taxes: -€3,769
- Current portion of long-term debt +€6,507
up €6,507 (+754.8%), from €862 to €7,369
- Debts after one year +€6,320
up €6,320 (+109.7%), from €5,763 to €12,083
- Gross operating margin -€16,548
down €16,548 (-7.4%), from €223,867 to €207,318
- Depreciation +€7,865
up €7,865 (+55.8%), from €14,088 to €21,953
- Staff costs -€7,500
down €7,500 (-4.9%), from €154,530 to €147,030
- Taxes -€5,105
down €5,105 (-40.0%), from €12,773 to €7,668
- Financial income +€3,666
up €3,666 (+3358.0%), from €109 to €3,775
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 | €306,602 | €351,409 | +€44,806 | +14.6% |
| Fixed assets | 21/28 | €154,306 | €163,447 | +€9,141 | +5.9% |
| Tangible fixed assets | 22/27 | €124,456 | €133,847 | +€9,391 | +7.5% |
| Plant, machinery and equipment | 23 | €35,344 | €47,576 | +€12,232 | +34.6% |
| Furniture and vehicles | 24 | €20,273 | €17,773 | -€2,500 | -12.3% |
| Other tangible fixed assets | 26 | €68,839 | €68,498 | -€341 | -0.5% |
| Financial fixed assets | 28 | €29,850 | €29,600 | -€250 | -0.8% |
| Current assets | 29/58 | €152,296 | €187,962 | +€35,666 | +23.4% |
| Amounts receivable after more than one year | 29 | €63,800 | €66,200 | +€2,400 | +3.8% |
| Trade receivables | 290 | €60,600 | - | -€60,600 | |
| Other amounts receivable | 291 | €3,200 | €66,200 | +€63,000 | +1968.8% |
| Stocks and contracts in progress | 3 | €15,299 | €19,860 | +€4,561 | +29.8% |
| Stocks | 30/36 | €15,299 | €19,860 | +€4,561 | +29.8% |
| Amounts receivable within one year | 40/41 | €19,573 | €24,160 | +€4,586 | +23.4% |
| Trade receivables | 40 | €9,875 | €9,356 | -€519 | -5.3% |
| Other amounts receivable | 41 | €9,698 | €14,803 | +€5,105 | +52.6% |
| Cash at bank and in hand | 54/58 | €52,935 | €74,002 | +€21,068 | +39.8% |
| Deferred charges and accrued income | 490/1 | €689 | €3,739 | +€3,051 | +443.1% |
| Total equity and liabilities | 10/49 | €306,602 | €351,409 | +€44,806 | +14.6% |
| Equity | 10/15 | €215,156 | €234,299 | +€19,143 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €195,156 | €214,299 | +€19,143 | +9.8% |
| Tax-exempt reserves | 132 | €2,153 | €2,153 | = | 0.0% |
| Distributable reserves | 133 | €193,002 | €212,146 | +€19,143 | +9.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €91,447 | €117,110 | +€25,663 | +28.1% |
| Amounts payable after more than one year | 17 | €5,763 | €12,083 | +€6,320 | +109.7% |
| Financial debts | 170/4 | €5,763 | €12,083 | +€6,320 | +109.7% |
| Amounts payable within one year | 42/48 | €85,684 | €105,027 | +€19,343 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €862 | €7,369 | +€6,507 | +754.8% |
| Trade debts | 44 | €19,731 | €34,781 | +€15,050 | +76.3% |
| Suppliers | 440/4 | €19,731 | €34,781 | +€15,050 | +76.3% |
| Taxes, remuneration and social security | 45 | €56,712 | €49,734 | -€6,978 | -12.3% |
| Taxes | 450/3 | €33,599 | €29,830 | -€3,769 | -11.2% |
| Remuneration and social security | 454/9 | €23,113 | €19,904 | -€3,208 | -13.9% |
| Other amounts payable | 47/48 | €8,378 | €13,142 | +€4,764 | +56.9% |
| Remuneration, social security and pensions | 62 | €154,530 | €147,030 | -€7,500 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,088 | €21,953 | +€7,865 | +55.8% |
| Other operating charges | 640/8 | €2,541 | €4,057 | +€1,516 | +59.7% |
| Non-recurring operating charges | 66A | - | €2,604 | +€2,604 | |
| Gross operating margin | 9900 | €223,867 | €207,318 | -€16,548 | -7.4% |
| Operating profit (loss) | 9901 | €52,708 | €31,675 | -€21,033 | -39.9% |
| Financial income | 75/76B | €109 | €3,775 | +€3,666 | +3358.0% |
| Recurring financial income | 75 | €109 | €3,775 | +€3,666 | +3358.0% |
| Financial charges | 65/66B | €7,313 | €8,639 | +€1,326 | +18.1% |
| Recurring financial charges | 65 | €7,313 | €8,639 | +€1,326 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €45,504 | €26,811 | -€18,692 | -41.1% |
| Income taxes | 67/77 | €12,773 | €7,668 | -€5,105 | -40.0% |
| Profit (loss) for the period | 9904 | €32,731 | €19,143 | -€13,588 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,731 | €19,143 | -€13,588 | -41.5% |
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 1 October 2026 via checked.be.