Web and PC: what changed
Web and PC
Largest movements
- Tangible fixed assets +€50,738
up €50,738 (+85.4%), from €59,423 to €110,161
of which Furniture and vehicles: +€40,699
- Stocks and contracts +€15,524
new in 2025: €15,524
- Receivables within one year -€7,290
down €7,290 (-42.6%), from €17,130 to €9,840
of which Trade receivables: -€7,144
- Deferred charges and accrued income +€2,126
up €2,126 (+71.1%), from €2,990 to €5,115
- Reserves +€23,969
up €23,969 (+71.2%), from €33,662 to €57,631
- Debts after one year +€22,249
up €22,249 (+90.5%), from €24,586 to €46,835
- Trade debts +€10,337
up €10,337 (+665%), from €1,555 to €11,892
- Current portion of long-term debt +€8,614
up €8,614 (+77.0%), from €11,190 to €19,804
- Tax, wage and social debts -€2,011
down €2,011 (-11.9%), from €16,904 to €14,893
- Gross operating margin -€8,482
down €8,482 (-13.6%), from €62,414 to €53,932
- Depreciation +€5,519
up €5,519 (+39.2%), from €14,062 to €19,581
- Taxes -€4,918
down €4,918 (-42.6%), from €11,544 to €6,626
- Financial charges +€1,445
up €1,445 (+95.3%), from €1,517 to €2,961
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 | €112,976 | €174,688 | +€61,712 | +54.6% |
| Fixed assets | 21/28 | €59,423 | €110,161 | +€50,738 | +85.4% |
| Tangible fixed assets | 22/27 | €59,423 | €110,161 | +€50,738 | +85.4% |
| Land and buildings | 22 | €3,946 | €11,285 | +€7,339 | +186% |
| Plant, machinery and equipment | 23 | €12,270 | €14,969 | +€2,699 | +22.0% |
| Furniture and vehicles | 24 | €43,208 | €83,907 | +€40,699 | +94.2% |
| Current assets | 29/58 | €53,553 | €64,527 | +€10,974 | +20.5% |
| Stocks and contracts in progress | 3 | - | €15,524 | +€15,524 | |
| Stocks | 30/36 | - | €15,524 | +€15,524 | |
| Amounts receivable within one year | 40/41 | €17,130 | €9,840 | -€7,290 | -42.6% |
| Trade receivables | 40 | €16,979 | €9,835 | -€7,144 | -42.1% |
| Other amounts receivable | 41 | €151 | €5 | -€146 | -96.9% |
| Cash at bank and in hand | 54/58 | €33,433 | €34,047 | +€614 | +1.8% |
| Deferred charges and accrued income | 490/1 | €2,990 | €5,115 | +€2,126 | +71.1% |
| Total equity and liabilities | 10/49 | €112,976 | €174,688 | +€61,712 | +54.6% |
| Equity | 10/15 | €36,662 | €60,631 | +€23,969 | +65.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,662 | €57,631 | +€23,969 | +71.2% |
| Distributable reserves | 133 | €33,662 | €57,631 | +€23,969 | +71.2% |
| Amounts payable | 17/49 | €76,314 | €114,057 | +€37,743 | +49.5% |
| Amounts payable after more than one year | 17 | €24,586 | €46,835 | +€22,249 | +90.5% |
| Financial debts | 170/4 | €24,586 | €46,835 | +€22,249 | +90.5% |
| Amounts payable within one year | 42/48 | €51,728 | €67,222 | +€15,494 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €11,190 | €19,804 | +€8,614 | +77.0% |
| Trade debts | 44 | €1,555 | €11,892 | +€10,337 | +665% |
| Suppliers | 440/4 | €1,555 | €11,892 | +€10,337 | +665% |
| Taxes, remuneration and social security | 45 | €16,904 | €14,893 | -€2,011 | -11.9% |
| Taxes | 450/3 | €16,904 | €14,893 | -€2,011 | -11.9% |
| Other amounts payable | 47/48 | €22,079 | €20,634 | -€1,446 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,062 | €19,581 | +€5,519 | +39.2% |
| Other operating charges | 640/8 | €1,377 | €795 | -€582 | -42.3% |
| Non-recurring operating charges | 66A | €252 | €0 | -€252 | -100% |
| Gross operating margin | 9900 | €62,414 | €53,932 | -€8,482 | -13.6% |
| Operating profit (loss) | 9901 | €46,722 | €33,557 | -€13,166 | -28.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,517 | €2,961 | +€1,445 | +95.3% |
| Recurring financial charges | 65 | €1,517 | €2,961 | +€1,445 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €45,206 | €30,596 | -€14,610 | -32.3% |
| Income taxes | 67/77 | €11,544 | €6,626 | -€4,918 | -42.6% |
| Profit (loss) for the period | 9904 | €33,662 | €23,969 | -€9,693 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,662 | €23,969 | -€9,693 | -28.8% |
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 2 November 2026 via checked.be.