PROCES OPTIMIZATION: what changed
PROCES OPTIMIZATION
Largest movements
- Receivables within one year +€49,586
up €49,586 (+68.4%), from €72,483 to €122,068
of which Other amounts receivable: +€53,493
- Tangible fixed assets -€16,327
down €16,327 (-100%), from €16,327 to €0
- Cash +€5,635
up €5,635 (+1,006%), from €560 to €6,195
mainly Net result for the year (+€33,727) and Investment in fixed assets (net) (+€16,327)
- Stocks and contracts -€4,169
down €4,169 (-100%), from €4,169 to €0
- Reserves +€33,727
up €33,727 (+102%), from €33,152 to €66,879
of which Distributable reserves: +€33,727
- Tax, wage and social debts +€10,168
up €10,168 (+75.6%), from €13,458 to €23,627
- Debts after one year -€6,760
down €6,760 (-43.1%), from €15,683 to €8,923
- Trade debts -€3,044
down €3,044 (-42.4%), from €7,176 to €4,132
- Gross operating margin +€14,577
up €14,577 (+39.5%), from €36,882 to €51,459
- Depreciation -€13,213
down €13,213 (-100%), from €13,213 to €0
- Taxes +€8,064
up €8,064 (+144%), from €5,609 to €13,674
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 | €94,541 | €128,951 | +€34,409 | +36.4% |
| Fixed assets | 21/28 | €16,327 | €0 | -€16,327 | -100% |
| Tangible fixed assets | 22/27 | €16,327 | €0 | -€16,327 | -100% |
| Furniture and vehicles | 24 | €16,327 | €0 | -€16,327 | -100% |
| Current assets | 29/58 | €78,215 | €128,951 | +€50,736 | +64.9% |
| Stocks and contracts in progress | 3 | €4,169 | €0 | -€4,169 | -100% |
| Stocks | 30/36 | €4,169 | €0 | -€4,169 | -100% |
| Amounts receivable within one year | 40/41 | €72,483 | €122,068 | +€49,586 | +68.4% |
| Trade receivables | 40 | €22,233 | €18,325 | -€3,907 | -17.6% |
| Other amounts receivable | 41 | €50,250 | €103,743 | +€53,493 | +106% |
| Cash at bank and in hand | 54/58 | €560 | €6,195 | +€5,635 | +1,006% |
| Deferred charges and accrued income | 490/1 | €1,002 | €687 | -€315 | -31.4% |
| Total equity and liabilities | 10/49 | €94,541 | €128,951 | +€34,409 | +36.4% |
| Equity | 10/15 | €51,782 | €85,509 | +€33,727 | +65.1% |
| Contributions | 10/11 | €18,630 | €18,630 | = | 0.0% |
| Reserves | 13 | €33,152 | €66,879 | +€33,727 | +102% |
| Non-distributable reserves | 130/1 | €1,863 | €1,863 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,863 | €1,863 | = | 0.0% |
| Distributable reserves | 133 | €31,289 | €65,016 | +€33,727 | +108% |
| Amounts payable | 17/49 | €42,759 | €43,441 | +€682 | +1.6% |
| Amounts payable after more than one year | 17 | €15,683 | €8,923 | -€6,760 | -43.1% |
| Financial debts | 170/4 | €15,683 | €8,923 | -€6,760 | -43.1% |
| Amounts payable within one year | 42/48 | €27,076 | €34,518 | +€7,443 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €6,441 | €6,760 | +€319 | +5.0% |
| Trade debts | 44 | €7,176 | €4,132 | -€3,044 | -42.4% |
| Suppliers | 440/4 | €7,176 | €4,132 | -€3,044 | -42.4% |
| Taxes, remuneration and social security | 45 | €13,458 | €23,627 | +€10,168 | +75.6% |
| Taxes | 450/3 | €13,458 | €23,627 | +€10,168 | +75.6% |
| Non-recurring operating income | 76A | - | €5,573 | +€5,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,213 | €0 | -€13,213 | -100% |
| Other operating charges | 640/8 | €1,563 | €1,693 | +€130 | +8.3% |
| Gross operating margin | 9900 | €36,882 | €51,459 | +€14,577 | +39.5% |
| Operating profit (loss) | 9901 | €22,106 | €49,767 | +€27,661 | +125% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,944 | €2,366 | +€422 | +21.7% |
| Recurring financial charges | 65 | €1,944 | €2,366 | +€422 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €20,162 | €47,400 | +€27,238 | +135% |
| Income taxes | 67/77 | €5,609 | €13,674 | +€8,064 | +144% |
| Profit (loss) for the period | 9904 | €14,553 | €33,727 | +€19,174 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €14,553 | €33,727 | +€19,174 | +132% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.