Customer Link: 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.
What changed
Customer Link
NACE 85.592, Vocational training
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,179
2024 · €2,813+€10,366
Equity
€290,878
2024 · €277,699+€13,179
Cash
€19,975
2024 · €30,487-€10,512
Balance sheet total
€1.3m
2024 · €1.0m+€258,543
Largest movements
Assets
- Receivables within one year +€244,229
up €244,229 (+25.1%), from €974,924 to €1.2m
of which Other amounts receivable: +€168,245
- Financial fixed assets +€24,800
new in 2025: €24,800
Equity and liabilities
- Trade debts +€167,870
up €167,870 (+37.4%), from €449,073 to €616,942
- Advances received +€121,105
up €121,105 (+102%), from €118,725 to €239,830
- Tax, wage and social debts -€26,911
down €26,911 (-16.2%), from €166,365 to €139,454
of which Taxes: -€19,844
- Other debts -€13,780
no longer reported in 2025 (was €13,780)
- Reserves +€13,000
up €13,000 (+6.0%), from €215,200 to €228,200
of which Distributable reserves: +€13,000
Income statement
- Turnover -€874,786
down €874,786 (-20.5%), from €4.3m to €3.4m
- Purchases and services -€502,546
down €502,546 (-14.2%), from €3.5m to €3.0m
- Gross operating margin +€64,111
up €64,111 (+6.5%), from €985,436 to €1.0m
- Staff costs -€52,099
down €52,099 (-5.6%), from €931,906 to €879,806
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.
Result 2024
€2,813
Gross operating margin
+€64,111
Staff costs
+€52,099
Depreciation
+€1,053
Write-downs
-€19,838
Other operating charges
+€1,090
Other operating items
-€83,694
Financial income
+€953
Financial charges
-€3,141
Taxes
-€2,267
Result 2025
€13,179
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€20,052
Investment
-€30,564
Financing
€0
Cash 2024
€30,487
From operations (derived)
+€20,052
Net result for the year
+€13,179
Depreciation
+€8,504
Smaller working-capital items
-€439
Receivables within one year
-€244,229
Deferred charges and accrued income
-€2,646
Trade debts
+€167,870
Tax, wage and social debts
-€26,911
Advances received
+€121,105
Other debts
-€13,780
Accrued charges and deferred income
-€2,600
Investment (derived)
-€30,564
Investment in fixed assets (net)
-€30,564
Cash 2025
€19,975
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,031,249 | €1,289,792 | +€258,543 | +25.1% |
| Fixed assets | 21/28 | €13,064 | €35,124 | +€22,060 | +169% |
| Tangible fixed assets | 22/27 | €13,064 | €10,324 | -€2,740 | -21.0% |
| Plant, machinery and equipment | 23 | €13,064 | €10,324 | -€2,740 | -21.0% |
| Financial fixed assets | 28 | - | €24,800 | +€24,800 | |
| Current assets | 29/58 | €1,018,185 | €1,254,668 | +€236,483 | +23.2% |
| Stocks and contracts in progress | 3 | - | €119 | +€119 | |
| Contracts in progress | 37 | - | €119 | +€119 | |
| Amounts receivable within one year | 40/41 | €974,924 | €1,219,154 | +€244,229 | +25.1% |
| Trade receivables | 40 | €747,430 | €823,415 | +€75,984 | +10.2% |
| Other amounts receivable | 41 | €227,494 | €395,739 | +€168,245 | +74.0% |
| Cash at bank and in hand | 54/58 | €30,487 | €19,975 | -€10,512 | -34.5% |
| Deferred charges and accrued income | 490/1 | €12,774 | €15,420 | +€2,646 | +20.7% |
| Total equity and liabilities | 10/49 | €1,031,249 | €1,289,792 | +€258,543 | +25.1% |
| Equity | 10/15 | €277,699 | €290,878 | +€13,179 | +4.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €215,200 | €228,200 | +€13,000 | +6.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €209,000 | €222,000 | +€13,000 | +6.2% |
| Profit (loss) carried forward | 14 | €499 | €678 | +€179 | +35.9% |
| Provisions and deferred taxes | 16 | €3,008 | €2,688 | -€320 | -10.6% |
| Provisions for liabilities and charges | 160/5 | €3,008 | €2,688 | -€320 | -10.6% |
| Pensions and similar obligations | 160 | €3,008 | €2,688 | -€320 | -10.6% |
| Amounts payable | 17/49 | €750,542 | €996,226 | +€245,684 | +32.7% |
| Amounts payable within one year | 42/48 | €747,942 | €996,226 | +€248,284 | +33.2% |
| Trade debts | 44 | €449,073 | €616,942 | +€167,870 | +37.4% |
| Suppliers | 440/4 | €449,073 | €616,942 | +€167,870 | +37.4% |
| Advances received on contracts in progress | 46 | €118,725 | €239,830 | +€121,105 | +102% |
| Taxes, remuneration and social security | 45 | €166,365 | €139,454 | -€26,911 | -16.2% |
| Taxes | 450/3 | €55,268 | €35,424 | -€19,844 | -35.9% |
| Remuneration and social security | 454/9 | €111,096 | €104,029 | -€7,067 | -6.4% |
| Other amounts payable | 47/48 | €13,780 | - | -€13,780 | |
| Accrued charges and deferred income | 492/3 | €2,600 | - | -€2,600 | |
| Turnover | 70 | €4,273,691 | €3,398,905 | -€874,786 | -20.5% |
| Non-recurring operating income | 76A | - | €77 | +€77 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,528,406 | €3,025,860 | -€502,546 | -14.2% |
| Remuneration, social security and pensions | 62 | €931,906 | €879,806 | -€52,099 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,557 | €8,504 | -€1,053 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,660 | €21,498 | +€19,838 | +1,195% |
| Other operating charges | 640/8 | €6,249 | €5,160 | -€1,090 | -17.4% |
| Non-recurring operating charges | 66A | €13,908 | €97,602 | +€83,694 | +602% |
| Gross operating margin | 9900 | €985,436 | €1,049,547 | +€64,111 | +6.5% |
| Operating profit (loss) | 9901 | €22,157 | €36,978 | +€14,821 | +66.9% |
| Financial income | 75/76B | €1,551 | €2,504 | +€953 | +61.4% |
| Recurring financial income | 75 | €1,551 | €2,504 | +€953 | +61.4% |
| Financial charges | 65/66B | €20,982 | €24,122 | +€3,141 | +15.0% |
| Recurring financial charges | 65 | €20,982 | €24,122 | +€3,141 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €2,726 | €15,359 | +€12,633 | +463% |
| Income taxes | 67/77 | -€87 | €2,180 | +€2,267 | |
| Profit (loss) for the period | 9904 | €2,813 | €13,179 | +€10,366 | +368% |
| Profit (loss) for the period to be appropriated | 9905 | €2,813 | €13,179 | +€10,366 | +368% |
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 21 October 2026 via checked.be.