We do IT: 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.
We do IT
Largest movements
- Receivables within one year +€53,006
up €53,006 (+46.7%), from €113,623 to €166,629
of which Other amounts receivable: +€26,743
- Financial fixed assets -€16,666
down €16,666 (-82.4%), from €20,225 to €3,559
- Cash -€6,657
down €6,657 (-39.5%), from €16,845 to €10,189
mainly Receivables within one year (-€53,006) and Trade debts (-€16,012)
- Deferred charges and accrued income -€6,447
down €6,447 (-50.0%), from €12,896 to €6,449
- Tax, wage and social debts +€49,685
up €49,685 (+84.2%), from €59,013 to €108,698
of which Taxes: +€36,293
- Trade debts -€16,012
down €16,012 (-25.4%), from €63,021 to €47,009
- Reserves -€11,975
down €11,975 (-43.1%), from €27,797 to €15,822
- Current portion of long-term debt -€4,059
down €4,059 (-22.0%), from €18,458 to €14,399
- Short-term financial debts +€2,627
up €2,627, from €0 to €2,627
- Gross operating margin -€28,153
down €28,153 (-8.5%), from €330,450 to €302,297
- Taxes -€9,323
down €9,323 (-76.6%), from €12,169 to €2,846
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 | €176,665 | €197,939 | +€21,275 | +12.0% |
| Fixed assets | 21/28 | €33,300 | €14,672 | -€18,628 | -55.9% |
| Tangible fixed assets | 22/27 | €13,075 | €11,114 | -€1,961 | -15.0% |
| Plant, machinery and equipment | 23 | €2,264 | €2,027 | -€237 | -10.5% |
| Furniture and vehicles | 24 | €10,811 | €9,087 | -€1,724 | -16.0% |
| Financial fixed assets | 28 | €20,225 | €3,559 | -€16,666 | -82.4% |
| Current assets | 29/58 | €143,365 | €183,267 | +€39,902 | +27.8% |
| Amounts receivable within one year | 40/41 | €113,623 | €166,629 | +€53,006 | +46.7% |
| Trade receivables | 40 | €100,514 | €126,777 | +€26,263 | +26.1% |
| Other amounts receivable | 41 | €13,110 | €39,853 | +€26,743 | +204.0% |
| Cash at bank and in hand | 54/58 | €16,845 | €10,189 | -€6,657 | -39.5% |
| Deferred charges and accrued income | 490/1 | €12,896 | €6,449 | -€6,447 | -50.0% |
| Total equity and liabilities | 10/49 | €176,665 | €197,939 | +€21,275 | +12.0% |
| Equity | 10/15 | €28,297 | €16,322 | -€11,975 | -42.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €27,797 | €15,822 | -€11,975 | -43.1% |
| Distributable reserves | 133 | €27,797 | €15,822 | -€11,975 | -43.1% |
| Amounts payable | 17/49 | €148,367 | €181,617 | +€33,250 | +22.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €148,367 | €181,617 | +€33,250 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €18,458 | €14,399 | -€4,059 | -22.0% |
| Financial debts | 43 | €0 | €2,627 | +€2,627 | |
| Credit institutions | 430/8 | €0 | €2,627 | +€2,627 | |
| Trade debts | 44 | €63,021 | €47,009 | -€16,012 | -25.4% |
| Suppliers | 440/4 | €63,021 | €47,009 | -€16,012 | -25.4% |
| Taxes, remuneration and social security | 45 | €59,013 | €108,698 | +€49,685 | +84.2% |
| Taxes | 450/3 | €29,855 | €66,148 | +€36,293 | +121.6% |
| Remuneration and social security | 454/9 | €29,158 | €42,550 | +€13,392 | +45.9% |
| Other amounts payable | 47/48 | €7,875 | €8,884 | +€1,008 | +12.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €295,109 | €291,874 | -€3,235 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,606 | €5,680 | +€75 | +1.3% |
| Other operating charges | 640/8 | €2,017 | €2,455 | +€438 | +21.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €330,450 | €302,297 | -€28,153 | -8.5% |
| Operating profit (loss) | 9901 | €27,718 | €2,288 | -€25,430 | -91.7% |
| Financial income | 75/76B | €13 | €397 | +€384 | +2942.6% |
| Recurring financial income | 75 | €13 | €397 | +€384 | +2942.6% |
| Financial charges | 65/66B | €11,919 | €11,814 | -€105 | -0.9% |
| Recurring financial charges | 65 | €11,919 | €11,814 | -€105 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €15,813 | -€9,129 | -€24,942 | |
| Income taxes | 67/77 | €12,169 | €2,846 | -€9,323 | -76.6% |
| Profit (loss) for the period | 9904 | €3,644 | -€11,975 | -€15,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,644 | -€11,975 | -€15,619 |
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 2 October 2026 via checked.be.