WIDE SCREEN AUDIO: 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.
WIDE SCREEN AUDIO
Largest movements
- Cash +€97,637
up €97,637 (+511.1%), from €19,103 to €116,740
mainly Net result for the year (+€182,441) and Other debts (+€182,176)
- Stocks and contracts -€65,800
down €65,800 (-7.5%), from €875,519 to €809,719
- Receivables within one year +€17,651
up €17,651 (+98.2%), from €17,973 to €35,624
of which Trade receivables: +€21,116
- Tangible fixed assets -€10,973
down €10,973 (-45.0%), from €24,406 to €13,433
of which Furniture and vehicles: -€8,868
- Short-term financial debts -€183,183
down €183,183 (-63.0%), from €290,960 to €107,777
- Other debts +€182,176
up €182,176 (+104.7%), from €174,072 to €356,248
- Reserves +€27,000
up €27,000 (+12.2%), from €221,000 to €248,000
- Tax, wage and social debts +€18,854
up €18,854 (+41.5%), from €45,437 to €64,291
of which Taxes: +€12,531
- Gross operating margin +€207,980
up €207,980 (+73.4%), from €283,355 to €491,334
- Staff costs +€43,534
up €43,534 (+30.4%), from €143,080 to €186,614
- Taxes +€41,009
up €41,009 (+229.3%), from €17,885 to €58,895
- Financial charges -€7,939
down €7,939 (-25.7%), from €30,931 to €22,991
- Other operating charges +€7,509
up €7,509 (+530.7%), from €1,415 to €8,924
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 | €944,037 | €979,956 | +€35,919 | +3.8% |
| Fixed assets | 21/28 | €24,406 | €13,433 | -€10,973 | -45.0% |
| Tangible fixed assets | 22/27 | €24,406 | €13,433 | -€10,973 | -45.0% |
| Plant, machinery and equipment | 23 | €15,537 | €13,433 | -€2,105 | -13.5% |
| Furniture and vehicles | 24 | €8,868 | €0 | -€8,868 | -100.0% |
| Current assets | 29/58 | €919,631 | €966,523 | +€46,892 | +5.1% |
| Stocks and contracts in progress | 3 | €875,519 | €809,719 | -€65,800 | -7.5% |
| Stocks | 30/36 | €875,519 | €809,719 | -€65,800 | -7.5% |
| Amounts receivable within one year | 40/41 | €17,973 | €35,624 | +€17,651 | +98.2% |
| Trade receivables | 40 | €10,845 | €31,961 | +€21,116 | +194.7% |
| Other amounts receivable | 41 | €7,128 | €3,663 | -€3,464 | -48.6% |
| Cash at bank and in hand | 54/58 | €19,103 | €116,740 | +€97,637 | +511.1% |
| Deferred charges and accrued income | 490/1 | €7,037 | €4,440 | -€2,597 | -36.9% |
| Total equity and liabilities | 10/49 | €944,037 | €979,956 | +€35,919 | +3.8% |
| Equity | 10/15 | €246,413 | €273,092 | +€26,678 | +10.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €221,000 | €248,000 | +€27,000 | +12.2% |
| Distributable reserves | 133 | €221,000 | €248,000 | +€27,000 | +12.2% |
| Profit (loss) carried forward | 14 | €413 | €92 | -€322 | -77.8% |
| Amounts payable | 17/49 | €697,624 | €706,864 | +€9,241 | +1.3% |
| Amounts payable after more than one year | 17 | €49,564 | €41,638 | -€7,926 | -16.0% |
| Financial debts | 170/4 | €49,564 | €41,638 | -€7,926 | -16.0% |
| Amounts payable within one year | 42/48 | €642,871 | €663,631 | +€20,760 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €17,310 | €8,581 | -€8,729 | -50.4% |
| Financial debts | 43 | €290,960 | €107,777 | -€183,183 | -63.0% |
| Credit institutions | 430/8 | €290,960 | €107,777 | -€183,183 | -63.0% |
| Trade debts | 44 | €76,658 | €79,983 | +€3,325 | +4.3% |
| Suppliers | 440/4 | €76,658 | €79,983 | +€3,325 | +4.3% |
| Advances received on contracts in progress | 46 | €38,434 | €46,751 | +€8,317 | +21.6% |
| Taxes, remuneration and social security | 45 | €45,437 | €64,291 | +€18,854 | +41.5% |
| Taxes | 450/3 | €27,504 | €40,035 | +€12,531 | +45.6% |
| Remuneration and social security | 454/9 | €17,933 | €24,256 | +€6,323 | +35.3% |
| Other amounts payable | 47/48 | €174,072 | €356,248 | +€182,176 | +104.7% |
| Accrued charges and deferred income | 492/3 | €5,189 | €1,595 | -€3,594 | -69.3% |
| Remuneration, social security and pensions | 62 | €143,080 | €186,614 | +€43,534 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,909 | €13,221 | -€688 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,306 | €31,534 | +€6,228 | +24.6% |
| Other operating charges | 640/8 | €1,415 | €8,924 | +€7,509 | +530.7% |
| Gross operating margin | 9900 | €283,355 | €491,334 | +€207,980 | +73.4% |
| Operating profit (loss) | 9901 | €99,646 | €251,043 | +€151,397 | +151.9% |
| Financial income | 75/76B | €8,725 | €13,284 | +€4,559 | +52.3% |
| Recurring financial income | 75 | €8,725 | €13,284 | +€4,559 | +52.3% |
| Financial charges | 65/66B | €30,931 | €22,991 | -€7,939 | -25.7% |
| Recurring financial charges | 65 | €30,931 | €22,991 | -€7,939 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €77,440 | €241,336 | +€163,896 | +211.6% |
| Income taxes | 67/77 | €17,885 | €58,895 | +€41,009 | +229.3% |
| Profit (loss) for the period | 9904 | €59,555 | €182,441 | +€122,886 | +206.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,555 | €182,441 | +€122,886 | +206.3% |
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 12 October 2026 via checked.be.