Comptanalyse: 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.
Comptanalyse
Largest movements
- Receivables within one year -€32,401
down €32,401 (-48.2%), from €67,194 to €34,792
of which Trade receivables: -€31,383
- Tangible fixed assets -€7,207
down €7,207 (-7.4%), from €97,237 to €90,030
of which Land and buildings: -€4,997
- Deferred charges and accrued income +€5,456
up €5,456 (+26.4%), from €20,649 to €26,105
- Contributions -€17,000
down €17,000 (-39.3%), from €43,300 to €26,300
- Debts after one year -€15,959
down €15,959 (-26.1%), from €61,204 to €45,244
of which Financial debts: -€16,017
- Trade debts -€9,837
down €9,837 (-28.0%), from €35,139 to €25,301
- Profit (loss) carried forward +€4,165
up €4,165 (+20.7%), from -€20,151 to -€15,986
- Other debts +€2,531
new in 2025: €2,531
- Gross operating margin +€8,990
up €8,990 (+19.9%), from €45,215 to €54,205
- Write-downs -€8,913
down €8,913, from €4,518 to -€4,395
- Staff costs -€7,876
down €7,876 (-29.8%), from €26,466 to €18,590
- Provisions +€6,000
no longer reported in 2025 (was -€6,000)
- Taxes +€5,916
up €5,916 (+247%), from €2,393 to €8,310
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.
Derived cash bridge
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 | €188,042 | €153,393 | -€34,649 | -18.4% |
| Fixed assets | 21/28 | €98,551 | €91,653 | -€6,898 | -7.0% |
| Tangible fixed assets | 22/27 | €97,237 | €90,030 | -€7,207 | -7.4% |
| Land and buildings | 22 | €88,871 | €83,874 | -€4,997 | -5.6% |
| Plant, machinery and equipment | 23 | €7,778 | €5,034 | -€2,744 | -35.3% |
| Furniture and vehicles | 24 | €588 | €1,122 | +€534 | +90.8% |
| Financial fixed assets | 28 | €1,314 | €1,623 | +€308 | +23.5% |
| Current assets | 29/58 | €89,491 | €61,740 | -€27,751 | -31.0% |
| Amounts receivable within one year | 40/41 | €67,194 | €34,792 | -€32,401 | -48.2% |
| Trade receivables | 40 | €64,885 | €33,502 | -€31,383 | -48.4% |
| Other amounts receivable | 41 | €2,308 | €1,290 | -€1,019 | -44.1% |
| Cash at bank and in hand | 54/58 | €1,648 | €842 | -€806 | -48.9% |
| Deferred charges and accrued income | 490/1 | €20,649 | €26,105 | +€5,456 | +26.4% |
| Total equity and liabilities | 10/49 | €188,042 | €153,393 | -€34,649 | -18.4% |
| Equity | 10/15 | €23,149 | €10,314 | -€12,835 | -55.4% |
| Contributions | 10/11 | €43,300 | €26,300 | -€17,000 | -39.3% |
| Profit (loss) carried forward | 14 | -€20,151 | -€15,986 | +€4,165 | +20.7% |
| Amounts payable | 17/49 | €164,893 | €143,079 | -€21,814 | -13.2% |
| Amounts payable after more than one year | 17 | €61,204 | €45,244 | -€15,959 | -26.1% |
| Financial debts | 170/4 | €61,096 | €45,079 | -€16,017 | -26.2% |
| Other amounts payable | 178/9 | €108 | €166 | +€58 | +53.3% |
| Amounts payable within one year | 42/48 | €103,160 | €97,175 | -€5,985 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €15,410 | €16,017 | +€607 | +3.9% |
| Financial debts | 43 | €18,416 | €17,540 | -€876 | -4.8% |
| Credit institutions | 430/8 | €18,416 | €17,540 | -€876 | -4.8% |
| Trade debts | 44 | €35,139 | €25,301 | -€9,837 | -28.0% |
| Suppliers | 440/4 | €35,139 | €25,301 | -€9,837 | -28.0% |
| Taxes, remuneration and social security | 45 | €34,196 | €35,786 | +€1,590 | +4.6% |
| Taxes | 450/3 | €26,361 | €27,516 | +€1,155 | +4.4% |
| Remuneration and social security | 454/9 | €7,835 | €8,270 | +€435 | +5.6% |
| Other amounts payable | 47/48 | - | €2,531 | +€2,531 | |
| Accrued charges and deferred income | 492/3 | €529 | €659 | +€130 | +24.7% |
| Remuneration, social security and pensions | 62 | €26,466 | €18,590 | -€7,876 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,341 | €8,872 | +€531 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,518 | -€4,395 | -€8,913 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,000 | - | +€6,000 | |
| Other operating charges | 640/8 | €2,498 | €7,417 | +€4,919 | +197% |
| Gross operating margin | 9900 | €45,215 | €54,205 | +€8,990 | +19.9% |
| Operating profit (loss) | 9901 | €9,392 | €23,721 | +€14,328 | +153% |
| Financial charges | 65/66B | €10,788 | €11,246 | +€459 | +4.3% |
| Recurring financial charges | 65 | €10,788 | €11,246 | +€459 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,395 | €12,475 | +€13,870 | |
| Income taxes | 67/77 | €2,393 | €8,310 | +€5,916 | +247% |
| Profit (loss) for the period | 9904 | -€3,789 | €4,165 | +€7,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,789 | €4,165 | +€7,954 |
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 15 October 2026 via checked.be.