WEB 9: what changed
WEB 9
Largest movements
- Receivables within one year -€9,906
down €9,906 (-65.6%), from €15,090 to €5,185
of which Trade receivables: -€9,906
- Stocks and contracts -€9,876
down €9,876 (-11.9%), from €82,744 to €72,868
- Cash +€3,938
up €3,938 (+26.6%), from €14,831 to €18,769
mainly Net result for the year (+€25,671) and Receivables within one year (+€9,906)
- Tangible fixed assets -€2,796
down €2,796 (-30.3%), from €9,231 to €6,435
- Profit (loss) carried forward +€25,671
up €25,671 (+48.8%), from -€52,657 to -€26,986
- Trade debts -€22,654
down €22,654 (-56.6%), from €40,005 to €17,350
- Debts after one year -€16,334
down €16,334 (-42.5%), from €38,401 to €22,068
- Current portion of long-term debt -€2,114
down €2,114 (-11.5%), from €18,447 to €16,334
- Gross operating margin +€150,244
up €150,244, from -€53,241 to €97,003
- Staff costs +€22,043
up €22,043 (+55.2%), from €39,926 to €61,969
- Other operating charges -€5,478
down €5,478 (-89.3%), from €6,132 to €654
- Financial income -€4,783
down €4,783 (-98.2%), from €4,869 to €86
- Financial charges -€1,326
down €1,326 (-18.5%), from €7,173 to €5,846
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,096 | €104,477 | -€17,619 | -14.4% |
| Fixed assets | 21/28 | €9,431 | €6,635 | -€2,796 | -29.6% |
| Tangible fixed assets | 22/27 | €9,231 | €6,435 | -€2,796 | -30.3% |
| Furniture and vehicles | 24 | €9,231 | €6,435 | -€2,796 | -30.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €112,665 | €97,842 | -€14,823 | -13.2% |
| Stocks and contracts in progress | 3 | €82,744 | €72,868 | -€9,876 | -11.9% |
| Stocks | 30/36 | €82,744 | €72,868 | -€9,876 | -11.9% |
| Amounts receivable within one year | 40/41 | €15,090 | €5,185 | -€9,906 | -65.6% |
| Trade receivables | 40 | €13,681 | €3,775 | -€9,906 | -72.4% |
| Other amounts receivable | 41 | €1,410 | €1,410 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,831 | €18,769 | +€3,938 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €1,020 | +€1,020 | |
| Total equity and liabilities | 10/49 | €122,096 | €104,477 | -€17,619 | -14.4% |
| Equity | 10/15 | -€46,457 | -€20,786 | +€25,671 | +55.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,657 | -€26,986 | +€25,671 | +48.8% |
| Amounts payable | 17/49 | €168,553 | €125,263 | -€43,291 | -25.7% |
| Amounts payable after more than one year | 17 | €38,401 | €22,068 | -€16,334 | -42.5% |
| Financial debts | 170/4 | €38,401 | €22,068 | -€16,334 | -42.5% |
| Amounts payable within one year | 42/48 | €130,125 | €103,195 | -€26,930 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €18,447 | €16,334 | -€2,114 | -11.5% |
| Financial debts | 43 | €15,644 | €14,975 | -€669 | -4.3% |
| Credit institutions | 430/8 | €15,644 | €14,975 | -€669 | -4.3% |
| Trade debts | 44 | €40,005 | €17,350 | -€22,654 | -56.6% |
| Suppliers | 440/4 | €40,005 | €17,350 | -€22,654 | -56.6% |
| Taxes, remuneration and social security | 45 | €23,994 | €23,021 | -€973 | -4.1% |
| Taxes | 450/3 | €16,134 | €17,672 | +€1,538 | +9.5% |
| Remuneration and social security | 454/9 | €7,860 | €5,349 | -€2,511 | -31.9% |
| Other amounts payable | 47/48 | €32,035 | €31,514 | -€520 | -1.6% |
| Accrued charges and deferred income | 492/3 | €27 | - | -€27 | |
| Non-recurring operating income | 76A | €10,818 | - | -€10,818 | |
| Remuneration, social security and pensions | 62 | €39,926 | €61,969 | +€22,043 | +55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,251 | €2,796 | -€455 | -14.0% |
| Other operating charges | 640/8 | €6,132 | €654 | -€5,478 | -89.3% |
| Gross operating margin | 9900 | -€53,241 | €97,003 | +€150,244 | |
| Operating profit (loss) | 9901 | -€102,550 | €31,584 | +€134,135 | |
| Financial income | 75/76B | €4,869 | €86 | -€4,783 | -98.2% |
| Recurring financial income | 75 | €4,869 | €86 | -€4,783 | -98.2% |
| Financial charges | 65/66B | €7,173 | €5,846 | -€1,326 | -18.5% |
| Recurring financial charges | 65 | €7,173 | €5,846 | -€1,326 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€104,854 | €25,824 | +€130,678 | |
| Income taxes | 67/77 | €163 | €152 | -€11 | -6.6% |
| Profit (loss) for the period | 9904 | -€105,017 | €25,671 | +€130,689 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,017 | €25,671 | +€130,689 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.