WANT: 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.
WANT
Largest movements
- Receivables within one year +€45,381
up €45,381 (+137%), from €33,094 to €78,474
of which Trade receivables: +€50,571
- Cash -€16,483
down €16,483 (-26.1%), from €63,185 to €46,702
mainly Receivables within one year (-€45,381) and Investment in fixed assets (net) (-€29,134)
- Stocks and contracts -€10,000
down €10,000 (-4.8%), from €210,000 to €200,000
- Trade debts +€47,154
up €47,154 (+137%), from €34,492 to €81,646
- Tax, wage and social debts -€23,549
down €23,549 (-81.9%), from €28,736 to €5,187
of which Taxes: -€15,603
- Debts after one year -€22,119
down €22,119 (-5.0%), from €438,210 to €416,091
- Other debts +€18,272
up €18,272 (+18.4%), from €99,399 to €117,671
- Gross operating margin -€28,868
down €28,868 (-25.4%), from €113,746 to €84,878
- Other operating charges -€7,255
down €7,255 (-69.6%), from €10,427 to €3,172
- Financial income +€4,822
up €4,822 (+1,276%), from €378 to €5,200
- Staff costs -€3,923
down €3,923 (-9.3%), from €42,016 to €38,092
- Depreciation +€3,065
up €3,065 (+13.7%), from €22,396 to €25,461
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 | €807,847 | €830,418 | +€22,571 | +2.8% |
| Fixed assets | 21/28 | €501,569 | €505,242 | +€3,673 | +0.7% |
| Tangible fixed assets | 22/27 | €501,569 | €505,242 | +€3,673 | +0.7% |
| Land and buildings | 22 | €456,471 | €464,069 | +€7,597 | +1.7% |
| Plant, machinery and equipment | 23 | €879 | €1,351 | +€471 | +53.6% |
| Furniture and vehicles | 24 | €4,654 | €6,586 | +€1,932 | +41.5% |
| Other tangible fixed assets | 26 | €39,564 | €33,237 | -€6,327 | -16.0% |
| Current assets | 29/58 | €306,278 | €325,176 | +€18,898 | +6.2% |
| Stocks and contracts in progress | 3 | €210,000 | €200,000 | -€10,000 | -4.8% |
| Stocks | 30/36 | €210,000 | €200,000 | -€10,000 | -4.8% |
| Amounts receivable within one year | 40/41 | €33,094 | €78,474 | +€45,381 | +137% |
| Trade receivables | 40 | €27,904 | €78,474 | +€50,571 | +181% |
| Other amounts receivable | 41 | €5,190 | €0 | -€5,190 | -100% |
| Cash at bank and in hand | 54/58 | €63,185 | €46,702 | -€16,483 | -26.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €807,847 | €830,418 | +€22,571 | +2.8% |
| Equity | 10/15 | €187,440 | €187,868 | +€429 | +0.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €157,440 | €157,868 | +€429 | +0.3% |
| Distributable reserves | 133 | €157,440 | €157,868 | +€429 | +0.3% |
| Amounts payable | 17/49 | €620,407 | €642,550 | +€22,142 | +3.6% |
| Amounts payable after more than one year | 17 | €438,210 | €416,091 | -€22,119 | -5.0% |
| Financial debts | 170/4 | €438,210 | €416,091 | -€22,119 | -5.0% |
| Amounts payable within one year | 42/48 | €182,198 | €226,459 | +€44,261 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €15,371 | €17,529 | +€2,158 | +14.0% |
| Trade debts | 44 | €34,492 | €81,646 | +€47,154 | +137% |
| Suppliers | 440/4 | €34,492 | €81,646 | +€47,154 | +137% |
| Advances received on contracts in progress | 46 | €4,200 | €4,426 | +€226 | +5.4% |
| Taxes, remuneration and social security | 45 | €28,736 | €5,187 | -€23,549 | -81.9% |
| Taxes | 450/3 | €20,790 | €5,187 | -€15,603 | -75.1% |
| Remuneration and social security | 454/9 | €7,945 | €0 | -€7,945 | -100% |
| Other amounts payable | 47/48 | €99,399 | €117,671 | +€18,272 | +18.4% |
| Remuneration, social security and pensions | 62 | €42,016 | €38,092 | -€3,923 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,396 | €25,461 | +€3,065 | +13.7% |
| Other operating charges | 640/8 | €10,427 | €3,172 | -€7,255 | -69.6% |
| Gross operating margin | 9900 | €113,746 | €84,878 | -€28,868 | -25.4% |
| Operating profit (loss) | 9901 | €38,907 | €18,152 | -€20,755 | -53.3% |
| Financial income | 75/76B | €378 | €5,200 | +€4,822 | +1,276% |
| Recurring financial income | 75 | €378 | €5,200 | +€4,822 | +1,276% |
| Financial charges | 65/66B | €18,418 | €20,870 | +€2,451 | +13.3% |
| Recurring financial charges | 65 | €18,418 | €20,870 | +€2,451 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €20,867 | €2,483 | -€18,384 | -88.1% |
| Income taxes | 67/77 | €4,810 | €2,054 | -€2,756 | -57.3% |
| Profit (loss) for the period | 9904 | €16,057 | €429 | -€15,628 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,057 | €429 | -€15,628 | -97.3% |
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 14 October 2026 via checked.be.