VIERKANTEMETER: 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.
VIERKANTEMETER
Largest movements
- Stocks and contracts +€51,467
up €51,467 (+195%), from €26,453 to €77,919
- Tangible fixed assets +€32,931
up €32,931 (+24.5%), from €134,304 to €167,235
of which Land and buildings: +€55,335
- Receivables within one year -€27,552
down €27,552 (-16.6%), from €165,575 to €138,023
of which Trade receivables: -€27,105
- Current investments +€24,965
up €24,965 (+10.0%), from €250,444 to €275,409
- Debts after one year +€73,140
up €73,140 (+114%), from €64,167 to €137,307
- Reserves +€65,069
up €65,069 (+20.1%), from €323,692 to €388,760
of which Distributable reserves: +€65,069
- Trade debts -€55,128
down €55,128 (-51.2%), from €107,694 to €52,566
- Current portion of long-term debt +€13,037
up €13,037 (+93.2%), from €13,995 to €27,033
- Tax, wage and social debts -€8,717
down €8,717 (-12.1%), from €72,137 to €63,420
of which Taxes: -€16,326
- Turnover +€170,871
up €170,871 (+10.1%), from €1.7m to €1.9m
- Purchases and services +€145,485
up €145,485 (+10.7%), from €1.4m to €1.5m
- Gross operating margin +€25,385
up €25,385 (+7.8%), from €327,197 to €352,582
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 | €612,000 | €698,692 | +€86,691 | +14.2% |
| Fixed assets | 21/28 | €134,304 | €167,235 | +€32,931 | +24.5% |
| Tangible fixed assets | 22/27 | €134,304 | €167,235 | +€32,931 | +24.5% |
| Land and buildings | 22 | €68,280 | €123,614 | +€55,335 | +81.0% |
| Plant, machinery and equipment | 23 | €8,078 | €3,525 | -€4,553 | -56.4% |
| Furniture and vehicles | 24 | €57,947 | €40,096 | -€17,851 | -30.8% |
| Current assets | 29/58 | €477,696 | €531,457 | +€53,761 | +11.3% |
| Stocks and contracts in progress | 3 | €26,453 | €77,919 | +€51,467 | +195% |
| Stocks | 30/36 | €26,453 | €77,919 | +€51,467 | +195% |
| Amounts receivable within one year | 40/41 | €165,575 | €138,023 | -€27,552 | -16.6% |
| Trade receivables | 40 | €165,116 | €138,011 | -€27,105 | -16.4% |
| Other amounts receivable | 41 | €459 | €13 | -€446 | -97.2% |
| Current investments | 50/53 | €250,444 | €275,409 | +€24,965 | +10.0% |
| Cash at bank and in hand | 54/58 | €35,225 | €40,106 | +€4,881 | +13.9% |
| Total equity and liabilities | 10/49 | €612,000 | €698,692 | +€86,691 | +14.2% |
| Equity | 10/15 | €349,787 | €414,855 | +€65,069 | +18.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Revaluation surpluses | 12 | €7,345 | €7,345 | = | 0.0% |
| Reserves | 13 | €323,692 | €388,760 | +€65,069 | +20.1% |
| Tax-exempt reserves | 132 | €343 | €343 | = | 0.0% |
| Distributable reserves | 133 | €323,348 | €388,417 | +€65,069 | +20.1% |
| Amounts payable | 17/49 | €262,214 | €283,836 | +€21,623 | +8.2% |
| Amounts payable after more than one year | 17 | €64,167 | €137,307 | +€73,140 | +114% |
| Financial debts | 170/4 | €64,167 | €137,307 | +€73,140 | +114% |
| Amounts payable within one year | 42/48 | €198,047 | €146,530 | -€51,517 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €13,995 | €27,033 | +€13,037 | +93.2% |
| Trade debts | 44 | €107,694 | €52,566 | -€55,128 | -51.2% |
| Suppliers | 440/4 | €107,694 | €52,566 | -€55,128 | -51.2% |
| Taxes, remuneration and social security | 45 | €72,137 | €63,420 | -€8,717 | -12.1% |
| Taxes | 450/3 | €53,645 | €37,320 | -€16,326 | -30.4% |
| Remuneration and social security | 454/9 | €18,492 | €26,101 | +€7,609 | +41.1% |
| Other amounts payable | 47/48 | €4,221 | €3,511 | -€710 | -16.8% |
| Turnover | 70 | €1,689,957 | €1,860,827 | +€170,871 | +10.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,362,760 | €1,508,245 | +€145,485 | +10.7% |
| Remuneration, social security and pensions | 62 | €202,518 | €208,911 | +€6,394 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,524 | €53,307 | +€14,784 | +38.4% |
| Other operating charges | 640/8 | €5,537 | €10,371 | +€4,834 | +87.3% |
| Gross operating margin | 9900 | €327,197 | €352,582 | +€25,385 | +7.8% |
| Operating profit (loss) | 9901 | €80,619 | €79,993 | -€626 | -0.8% |
| Financial income | 75/76B | €2,257 | €17,616 | +€15,360 | +681% |
| Recurring financial income | 75 | €2,257 | €17,616 | +€15,360 | +681% |
| Financial charges | 65/66B | €5,336 | €5,876 | +€540 | +10.1% |
| Recurring financial charges | 65 | €5,335 | €5,876 | +€540 | +10.1% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €77,540 | €91,734 | +€14,194 | +18.3% |
| Income taxes | 67/77 | €22,399 | €26,665 | +€4,266 | +19.0% |
| Profit (loss) for the period | 9904 | €55,140 | €65,069 | +€9,928 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,140 | €65,069 | +€9,928 | +18.0% |
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 23 October 2026 via checked.be.