What changed?
Two fiscal 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.
CONTROL F
Largest movements
- Tangible fixed assets -€15,628
down €15,628 (-11.8%), from €132,925 to €117,297
of which Other tangible fixed assets: -€12,478
- Receivables within one year +€13,727
up €13,727 (+49.4%), from €27,766 to €41,493
of which Trade receivables: +€20,546
- Profit (loss) carried forward +€18,385
up €18,385 (+38.9%), from €47,263 to €65,648
- Debts after one year -€12,200
down €12,200 (-13.0%), from €94,183 to €81,984
- Tax, wage and social debts -€5,242
down €5,242 (-54.4%), from €9,638 to €4,396
of which Taxes: -€5,264
- Trade debts -€3,303
down €3,303 (-64.8%), from €5,098 to €1,795
- Gross operating margin +€14,448
up €14,448 (+38.7%), from €37,359 to €51,808
- Depreciation +€7,292
up €7,292 (+69.3%), from €10,528 to €17,820
- Taxes +€1,501
up €1,501 (+24.4%), from €6,163 to €7,664
- Financial charges +€1,147
up €1,147 (+22.9%), from €5,016 to €6,163
- Other operating charges +€522
up €522 (+71.7%), from €728 to €1,250
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.
Cash bridge derived
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 | €172,763 | €171,022 | -€1,741 | -1.0% |
| Fixed assets | 21/28 | €132,925 | €117,407 | -€15,518 | -11.7% |
| Tangible fixed assets | 22/27 | €132,925 | €117,297 | -€15,628 | -11.8% |
| Plant, machinery and equipment | 23 | €14,863 | €13,811 | -€1,052 | -7.1% |
| Furniture and vehicles | 24 | €6,250 | €4,153 | -€2,097 | -33.6% |
| Other tangible fixed assets | 26 | €111,812 | €99,333 | -€12,478 | -11.2% |
| Financial fixed assets | 28 | - | €110 | +€110 | |
| Current assets | 29/58 | €39,838 | €53,615 | +€13,778 | +34.6% |
| Amounts receivable within one year | 40/41 | €27,766 | €41,493 | +€13,727 | +49.4% |
| Trade receivables | 40 | €16,335 | €36,881 | +€20,546 | +125.8% |
| Other amounts receivable | 41 | €11,431 | €4,612 | -€6,819 | -59.7% |
| Cash at bank and in hand | 54/58 | €11,309 | €11,599 | +€290 | +2.6% |
| Deferred charges and accrued income | 490/1 | €763 | €524 | -€239 | -31.4% |
| Total equity and liabilities | 10/49 | €172,763 | €171,022 | -€1,741 | -1.0% |
| Equity | 10/15 | €52,263 | €70,648 | +€18,385 | +35.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,263 | €65,648 | +€18,385 | +38.9% |
| Amounts payable | 17/49 | €120,500 | €100,374 | -€20,126 | -16.7% |
| Amounts payable after more than one year | 17 | €94,183 | €81,984 | -€12,200 | -13.0% |
| Financial debts | 170/4 | €94,183 | €81,984 | -€12,200 | -13.0% |
| Amounts payable within one year | 42/48 | €26,316 | €18,390 | -€7,926 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €11,581 | €12,200 | +€619 | +5.3% |
| Trade debts | 44 | €5,098 | €1,795 | -€3,303 | -64.8% |
| Suppliers | 440/4 | €5,098 | €1,795 | -€3,303 | -64.8% |
| Taxes, remuneration and social security | 45 | €9,638 | €4,396 | -€5,242 | -54.4% |
| Taxes | 450/3 | €9,638 | €4,374 | -€5,264 | -54.6% |
| Remuneration and social security | 454/9 | - | €22 | +€22 | |
| Non-recurring operating income | 76A | €5,601 | - | -€5,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,528 | €17,820 | +€7,292 | +69.3% |
| Other operating charges | 640/8 | €728 | €1,250 | +€522 | +71.7% |
| Non-recurring operating charges | 66A | €420 | €1,026 | +€606 | +144.2% |
| Gross operating margin | 9900 | €37,359 | €51,808 | +€14,448 | +38.7% |
| Operating profit (loss) | 9901 | €25,682 | €31,711 | +€6,028 | +23.5% |
| Financial income | 75/76B | €248 | €502 | +€254 | +102.4% |
| Recurring financial income | 75 | €248 | €502 | +€254 | +102.4% |
| Financial charges | 65/66B | €5,016 | €6,163 | +€1,147 | +22.9% |
| Recurring financial charges | 65 | €5,016 | €6,163 | +€1,147 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €20,914 | €26,049 | +€5,135 | +24.6% |
| Income taxes | 67/77 | €6,163 | €7,664 | +€1,501 | +24.4% |
| Profit (loss) for the period | 9904 | €14,751 | €18,385 | +€3,634 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,751 | €18,385 | +€3,634 | +24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.