PROFILE: what changed
PROFILE
Largest movements
- Receivables within one year +€61,305
up €61,305 (+74.7%), from €82,082 to €143,388
of which Other amounts receivable: +€62,323
- Stocks and contracts -€14,000
no longer reported in 2025 (was €14,000)
- Tangible fixed assets +€11,397
up €11,397 (+878%), from €1,299 to €12,696
of which Plant, machinery and equipment: +€6,795
- Cash +€9,977
up €9,977 (+79.2%), from €12,599 to €22,576
mainly Net result for the year (+€86,327) and Stocks and contracts (+€14,000)
- Reserves +€85,000
up €85,000 (+285%), from €29,860 to €114,860
- Short-term financial debts -€9,760
no longer reported in 2025 (was €9,760)
- Trade debts -€4,679
down €4,679 (-23.1%), from €20,261 to €15,583
- Tax, wage and social debts -€1,879
down €1,879 (-13.1%), from €14,388 to €12,509
- Gross operating margin +€57,468
up €57,468 (+74.8%), from €76,819 to €134,287
- Taxes +€28,848
up €28,848 (+201%), from €14,388 to €43,236
- Financial charges +€3,910
up €3,910 (+456%), from €857 to €4,767
- Financial income +€2,636
up €2,636 (+1,367%), from €193 to €2,828
- Depreciation +€2,057
up €2,057 (+601%), from €342 to €2,399
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 | €109,980 | €179,901 | +€69,921 | +63.6% |
| Fixed assets | 21/28 | €1,299 | €12,696 | +€11,397 | +878% |
| Tangible fixed assets | 22/27 | €1,299 | €12,696 | +€11,397 | +878% |
| Plant, machinery and equipment | 23 | - | €6,795 | +€6,795 | |
| Furniture and vehicles | 24 | €1,299 | €5,574 | +€4,275 | +329% |
| Other tangible fixed assets | 26 | - | €326 | +€326 | |
| Current assets | 29/58 | €108,681 | €167,206 | +€58,524 | +53.8% |
| Stocks and contracts in progress | 3 | €14,000 | - | -€14,000 | |
| Stocks | 30/36 | €14,000 | - | -€14,000 | |
| Amounts receivable within one year | 40/41 | €82,082 | €143,388 | +€61,305 | +74.7% |
| Trade receivables | 40 | €62,748 | €61,730 | -€1,018 | -1.6% |
| Other amounts receivable | 41 | €19,334 | €81,657 | +€62,323 | +322% |
| Cash at bank and in hand | 54/58 | €12,599 | €22,576 | +€9,977 | +79.2% |
| Deferred charges and accrued income | 490/1 | - | €1,242 | +€1,242 | |
| Total equity and liabilities | 10/49 | €109,980 | €179,901 | +€69,921 | +63.6% |
| Equity | 10/15 | €41,823 | €128,150 | +€86,327 | +206% |
| Contributions | 10/11 | €10,783 | €10,783 | = | 0.0% |
| Reserves | 13 | €29,860 | €114,860 | +€85,000 | +285% |
| Distributable reserves | 133 | €29,860 | €114,860 | +€85,000 | +285% |
| Profit (loss) carried forward | 14 | €1,180 | €2,506 | +€1,327 | +112% |
| Amounts payable | 17/49 | €68,157 | €51,751 | -€16,405 | -24.1% |
| Amounts payable within one year | 42/48 | €68,157 | €51,751 | -€16,405 | -24.1% |
| Financial debts | 43 | €9,760 | - | -€9,760 | |
| Credit institutions | 430/8 | €9,760 | - | -€9,760 | |
| Trade debts | 44 | €20,261 | €15,583 | -€4,679 | -23.1% |
| Suppliers | 440/4 | €20,261 | €15,583 | -€4,679 | -23.1% |
| Taxes, remuneration and social security | 45 | €14,388 | €12,509 | -€1,879 | -13.1% |
| Taxes | 450/3 | €14,388 | €12,509 | -€1,879 | -13.1% |
| Other amounts payable | 47/48 | €23,748 | €23,660 | -€88 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €2,399 | +€2,057 | +601% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €76,819 | €134,287 | +€57,468 | +74.8% |
| Operating profit (loss) | 9901 | €76,093 | €131,501 | +€55,408 | +72.8% |
| Financial income | 75/76B | €193 | €2,828 | +€2,636 | +1,367% |
| Recurring financial income | 75 | €193 | €2,828 | +€2,636 | +1,367% |
| Financial charges | 65/66B | €857 | €4,767 | +€3,910 | +456% |
| Recurring financial charges | 65 | €857 | €4,767 | +€3,910 | +456% |
| Profit (loss) for the period before taxes | 9903 | €75,429 | €129,562 | +€54,133 | +71.8% |
| Income taxes | 67/77 | €14,388 | €43,236 | +€28,848 | +201% |
| Profit (loss) for the period | 9904 | €61,041 | €86,327 | +€25,285 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,041 | €86,327 | +€25,285 | +41.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.