We Solve It: what changed
We Solve It
Largest movements
- Tangible fixed assets +€148,283
up €148,283 (+20.0%), from €741,424 to €889,706
of which Land and buildings: +€94,368
- Receivables within one year -€126,289
down €126,289 (-33.4%), from €377,813 to €251,523
of which Other amounts receivable: -€174,879
- Intangible fixed assets +€117,759
up €117,759 (+3,533%), from €3,333 to €121,093
- Cash -€20,227
down €20,227 (-51.7%), from €39,145 to €18,918
mainly Investment in fixed assets (net) (-€318,079) and Current portion of long-term debt (-€119,122)
- Debts after one year +€148,938
up €148,938 (+104%), from €143,065 to €292,003
- Current portion of long-term debt -€119,122
down €119,122 (-18.9%), from €629,374 to €510,252
- Trade debts +€36,256
up €36,256 (+23.4%), from €154,844 to €191,100
- Profit (loss) carried forward +€28,145
up €28,145 (+72.2%), from -€38,975 to -€10,831
- Tax, wage and social debts +€25,556
up €25,556 (+34.0%), from €75,067 to €100,623
of which Remuneration and social security: +€23,400
- Gross operating margin +€56,157
up €56,157 (+12.6%), from €443,996 to €500,153
- Financial charges +€20,993
up €20,993 (+112%), from €18,808 to €39,801
- Staff costs -€18,538
down €18,538 (-4.7%), from €390,763 to €372,225
- Depreciation -€9,782
down €9,782 (-15.8%), from €61,820 to €52,037
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 | €1,162,483 | €1,282,255 | +€119,773 | +10.3% |
| Fixed assets | 21/28 | €744,757 | €1,010,799 | +€266,042 | +35.7% |
| Intangible fixed assets | 21 | €3,333 | €121,093 | +€117,759 | +3,533% |
| Tangible fixed assets | 22/27 | €741,424 | €889,706 | +€148,283 | +20.0% |
| Land and buildings | 22 | €705,882 | €800,250 | +€94,368 | +13.4% |
| Furniture and vehicles | 24 | €30,043 | €87,994 | +€57,951 | +193% |
| Other tangible fixed assets | 26 | €5,499 | €1,462 | -€4,037 | -73.4% |
| Current assets | 29/58 | €417,726 | €271,457 | -€146,269 | -35.0% |
| Amounts receivable within one year | 40/41 | €377,813 | €251,523 | -€126,289 | -33.4% |
| Trade receivables | 40 | €200,667 | €249,256 | +€48,590 | +24.2% |
| Other amounts receivable | 41 | €177,146 | €2,267 | -€174,879 | -98.7% |
| Cash at bank and in hand | 54/58 | €39,145 | €18,918 | -€20,227 | -51.7% |
| Deferred charges and accrued income | 490/1 | €768 | €1,016 | +€248 | +32.3% |
| Total equity and liabilities | 10/49 | €1,162,483 | €1,282,255 | +€119,773 | +10.3% |
| Equity | 10/15 | €159,987 | €188,131 | +€28,145 | +17.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €180,412 | €180,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €178,557 | €178,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,975 | -€10,831 | +€28,145 | +72.2% |
| Amounts payable | 17/49 | €1,002,496 | €1,094,124 | +€91,628 | +9.1% |
| Amounts payable after more than one year | 17 | €143,065 | €292,003 | +€148,938 | +104% |
| Financial debts | 170/4 | €143,065 | €292,003 | +€148,938 | +104% |
| Amounts payable within one year | 42/48 | €859,431 | €802,121 | -€57,310 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €629,374 | €510,252 | -€119,122 | -18.9% |
| Trade debts | 44 | €154,844 | €191,100 | +€36,256 | +23.4% |
| Suppliers | 440/4 | €154,844 | €191,100 | +€36,256 | +23.4% |
| Taxes, remuneration and social security | 45 | €75,067 | €100,623 | +€25,556 | +34.0% |
| Taxes | 450/3 | €15,900 | €18,055 | +€2,156 | +13.6% |
| Remuneration and social security | 454/9 | €59,168 | €82,568 | +€23,400 | +39.5% |
| Other amounts payable | 47/48 | €146 | €146 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,979 | +€3,979 | |
| Remuneration, social security and pensions | 62 | €390,763 | €372,225 | -€18,538 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,820 | €52,037 | -€9,782 | -15.8% |
| Other operating charges | 640/8 | €10,869 | €7,208 | -€3,661 | -33.7% |
| Non-recurring operating charges | 66A | - | €3 | +€3 | |
| Gross operating margin | 9900 | €443,996 | €500,153 | +€56,157 | +12.6% |
| Operating profit (loss) | 9901 | -€19,455 | €68,680 | +€88,135 | |
| Financial income | 75/76B | €26 | €30 | +€3 | +12.4% |
| Recurring financial income | 75 | €26 | €30 | +€3 | +12.4% |
| Financial charges | 65/66B | €18,808 | €39,801 | +€20,993 | +112% |
| Recurring financial charges | 65 | €18,808 | €39,801 | +€20,993 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€38,236 | €28,909 | +€67,146 | |
| Income taxes | 67/77 | €739 | €765 | +€26 | +3.5% |
| Profit (loss) for the period | 9904 | -€38,975 | €28,145 | +€67,120 | |
| Transfer from tax-exempt reserves | 789 | €56,960 | €0 | -€56,960 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €17,985 | €28,145 | +€10,160 | +56.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.