ALIASES: 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.
ALIASES
Largest movements
- Receivables after one year +€29,088
new in 2025: €29,088
of which Other amounts receivable: +€29,088
- Intangible fixed assets -€11,875
down €11,875 (-33.3%), from €35,625 to €23,750
- Cash +€9,009
up €9,009 (+23.2%), from €38,819 to €47,827
mainly Net result for the year (+€30,604) and Depreciation (+€12,639)
- Deferred charges and accrued income -€8,544
down €8,544 (-53.4%), from €16,000 to €7,456
- Receivables within one year +€4,646
up €4,646 (+7.9%), from €59,113 to €63,760
of which Trade receivables: +€4,651
- Profit (loss) carried forward +€20,771
up €20,771 (+34.5%), from €60,180 to €80,951
- Debts after one year -€11,552
down €11,552 (-31.1%), from €37,115 to €25,563
of which Financial debts: -€37,115
- Tax, wage and social debts +€7,437
up €7,437 (+45.0%), from €16,517 to €23,954
- Trade debts +€4,057
up €4,057 (+32.9%), from €12,345 to €16,402
- Advances received +€3,388
new in 2025: €3,388
- Turnover -€150,426
no longer reported in 2025 (was €150,426)
- Purchases and services -€101,894
no longer reported in 2025 (was €101,894)
- Gross operating margin +€5,688
up €5,688 (+11.1%), from €51,206 to €56,895
- Other operating charges +€2,720
up €2,720 (+455%), from €598 to €3,318
- Taxes +€1,605
up €1,605 (+21.6%), from €7,432 to €9,037
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 | €151,563 | €175,260 | +€23,698 | +15.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €37,630 | €27,129 | -€10,501 | -27.9% |
| Intangible fixed assets | 21 | €35,625 | €23,750 | -€11,875 | -33.3% |
| Tangible fixed assets | 22/27 | €2,005 | €3,004 | +€999 | +49.8% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,005 | €3,004 | +€999 | +49.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €375 | +€375 | |
| Current assets | 29/58 | €113,932 | €148,131 | +€34,199 | +30.0% |
| Amounts receivable after more than one year | 29 | - | €29,088 | +€29,088 | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €29,088 | +€29,088 | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €59,113 | €63,760 | +€4,646 | +7.9% |
| Trade receivables | 40 | €49,041 | €53,691 | +€4,651 | +9.5% |
| Other amounts receivable | 41 | €10,073 | €10,068 | -€4 | 0.0% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €38,819 | €47,827 | +€9,009 | +23.2% |
| Deferred charges and accrued income | 490/1 | €16,000 | €7,456 | -€8,544 | -53.4% |
| Total equity and liabilities | 10/49 | €151,563 | €175,260 | +€23,698 | +15.6% |
| Equity | 10/15 | €63,680 | €84,451 | +€20,771 | +32.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €60,180 | €80,951 | +€20,771 | +34.5% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €87,883 | €90,810 | +€2,927 | +3.3% |
| Amounts payable after more than one year | 17 | €37,115 | €25,563 | -€11,552 | -31.1% |
| Financial debts | 170/4 | €37,115 | €0 | -€37,115 | -100% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €25,563 | +€25,563 | |
| Amounts payable within one year | 42/48 | €50,768 | €65,247 | +€14,479 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €11,399 | €11,552 | +€153 | +1.3% |
| Financial debts | 43 | - | €519 | +€519 | |
| Credit institutions | 430/8 | - | €519 | +€519 | |
| Trade debts | 44 | €12,345 | €16,402 | +€4,057 | +32.9% |
| Suppliers | 440/4 | €12,345 | €16,402 | +€4,057 | +32.9% |
| Advances received on contracts in progress | 46 | - | €3,388 | +€3,388 | |
| Taxes, remuneration and social security | 45 | €16,517 | €23,954 | +€7,437 | +45.0% |
| Taxes | 450/3 | €16,517 | €23,954 | +€7,437 | +45.0% |
| Other amounts payable | 47/48 | €10,508 | €9,432 | -€1,076 | -10.2% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €150,426 | - | -€150,426 | |
| Goods, raw materials, services and sundry goods | 60/61 | €101,894 | - | -€101,894 | |
| Remuneration, social security and pensions | 62 | - | €247 | +€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,513 | €12,639 | +€126 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €598 | €3,318 | +€2,720 | +455% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €51,206 | €56,895 | +€5,688 | +11.1% |
| Operating profit (loss) | 9901 | €38,095 | €40,191 | +€2,096 | +5.5% |
| Financial income | 75/76B | - | €276 | +€276 | |
| Recurring financial income | 75 | - | €276 | +€276 | |
| Financial charges | 65/66B | €948 | €827 | -€122 | -12.8% |
| Recurring financial charges | 65 | €948 | €827 | -€122 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €37,147 | €39,641 | +€2,494 | +6.7% |
| Income taxes | 67/77 | €7,432 | €9,037 | +€1,605 | +21.6% |
| Profit (loss) for the period | 9904 | €29,716 | €30,604 | +€888 | +3.0% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €29,716 | €30,604 | +€888 | +3.0% |
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 28 October 2026 via checked.be.