We Solve It: 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.
We Solve It
Largest movements
- Tangible fixed assets +€148,283
up €148,283 (+20.0%), from €741,424 to €889,706
of which Land and buildings: +€94,368
- Receivables within one year -€126,289
down €126,289 (-33.4%), from €377,813 to €251,523
of which Other amounts receivable: -€174,879
- Intangible fixed assets +€117,759
up €117,759 (+3532.8%), from €3,333 to €121,093
- Cash -€20,227
down €20,227 (-51.7%), from €39,145 to €18,918
mainly Investment in fixed assets (net) (-€318,079) and Current portion of long-term debt (-€119,122)
- Debts after one year +€148,938
up €148,938 (+104.1%), from €143,065 to €292,003
- Current portion of long-term debt -€119,122
down €119,122 (-18.9%), from €629,374 to €510,252
- Trade debts +€36,256
up €36,256 (+23.4%), from €154,844 to €191,100
- Profit (loss) carried forward +€28,145
up €28,145 (+72.2%), from -€38,975 to -€10,831
- Tax, wage and social debts +€25,556
up €25,556 (+34.0%), from €75,067 to €100,623
of which Remuneration and social security: +€23,400
- Gross operating margin +€56,157
up €56,157 (+12.6%), from €443,996 to €500,153
- Financial charges +€20,993
up €20,993 (+111.6%), from €18,808 to €39,801
- Staff costs -€18,538
down €18,538 (-4.7%), from €390,763 to €372,225
- Depreciation -€9,782
down €9,782 (-15.8%), from €61,820 to €52,037
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 | €1,162,483 | €1,282,255 | +€119,773 | +10.3% |
| Fixed assets | 21/28 | €744,757 | €1,010,799 | +€266,042 | +35.7% |
| Intangible fixed assets | 21 | €3,333 | €121,093 | +€117,759 | +3532.8% |
| Tangible fixed assets | 22/27 | €741,424 | €889,706 | +€148,283 | +20.0% |
| Land and buildings | 22 | €705,882 | €800,250 | +€94,368 | +13.4% |
| Furniture and vehicles | 24 | €30,043 | €87,994 | +€57,951 | +192.9% |
| Other tangible fixed assets | 26 | €5,499 | €1,462 | -€4,037 | -73.4% |
| Current assets | 29/58 | €417,726 | €271,457 | -€146,269 | -35.0% |
| Amounts receivable within one year | 40/41 | €377,813 | €251,523 | -€126,289 | -33.4% |
| Trade receivables | 40 | €200,667 | €249,256 | +€48,590 | +24.2% |
| Other amounts receivable | 41 | €177,146 | €2,267 | -€174,879 | -98.7% |
| Cash at bank and in hand | 54/58 | €39,145 | €18,918 | -€20,227 | -51.7% |
| Deferred charges and accrued income | 490/1 | €768 | €1,016 | +€248 | +32.3% |
| Total equity and liabilities | 10/49 | €1,162,483 | €1,282,255 | +€119,773 | +10.3% |
| Equity | 10/15 | €159,987 | €188,131 | +€28,145 | +17.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €180,412 | €180,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €178,557 | €178,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,975 | -€10,831 | +€28,145 | +72.2% |
| Amounts payable | 17/49 | €1,002,496 | €1,094,124 | +€91,628 | +9.1% |
| Amounts payable after more than one year | 17 | €143,065 | €292,003 | +€148,938 | +104.1% |
| Financial debts | 170/4 | €143,065 | €292,003 | +€148,938 | +104.1% |
| Amounts payable within one year | 42/48 | €859,431 | €802,121 | -€57,310 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €629,374 | €510,252 | -€119,122 | -18.9% |
| Trade debts | 44 | €154,844 | €191,100 | +€36,256 | +23.4% |
| Suppliers | 440/4 | €154,844 | €191,100 | +€36,256 | +23.4% |
| Taxes, remuneration and social security | 45 | €75,067 | €100,623 | +€25,556 | +34.0% |
| Taxes | 450/3 | €15,900 | €18,055 | +€2,156 | +13.6% |
| Remuneration and social security | 454/9 | €59,168 | €82,568 | +€23,400 | +39.5% |
| Other amounts payable | 47/48 | €146 | €146 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,979 | +€3,979 | |
| Remuneration, social security and pensions | 62 | €390,763 | €372,225 | -€18,538 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,820 | €52,037 | -€9,782 | -15.8% |
| Other operating charges | 640/8 | €10,869 | €7,208 | -€3,661 | -33.7% |
| Non-recurring operating charges | 66A | - | €3 | +€3 | |
| Gross operating margin | 9900 | €443,996 | €500,153 | +€56,157 | +12.6% |
| Operating profit (loss) | 9901 | -€19,455 | €68,680 | +€88,135 | |
| Financial income | 75/76B | €26 | €30 | +€3 | +12.4% |
| Recurring financial income | 75 | €26 | €30 | +€3 | +12.4% |
| Financial charges | 65/66B | €18,808 | €39,801 | +€20,993 | +111.6% |
| Recurring financial charges | 65 | €18,808 | €39,801 | +€20,993 | +111.6% |
| Profit (loss) for the period before taxes | 9903 | -€38,236 | €28,909 | +€67,146 | |
| Income taxes | 67/77 | €739 | €765 | +€26 | +3.5% |
| Profit (loss) for the period | 9904 | -€38,975 | €28,145 | +€67,120 | |
| Transfer from tax-exempt reserves | 789 | €56,960 | €0 | -€56,960 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €17,985 | €28,145 | +€10,160 | +56.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.