/: 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.
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Largest movements
- Receivables within one year +€43,802
up €43,802 (+206.0%), from €21,258 to €65,061
of which Trade receivables: +€45,334
- Cash +€2,129
up €2,129 (+7146.7%), from €30 to €2,159
mainly Trade debts (+€45,752) and Net result for the year (+€9,394)
- Tangible fixed assets -€1,288
down €1,288 (-15.7%), from €8,212 to €6,925
- Trade debts +€45,752
up €45,752 (+1567.0%), from €2,920 to €48,672
- Other debts -€10,618
down €10,618 (-14.0%), from €75,807 to €65,189
- Profit (loss) carried forward +€9,394
up €9,394 (+17.1%), from -€54,985 to -€45,591
- Gross operating margin +€14,985
up €14,985, from -€125 to €14,861
- Other operating charges +€2,560
up €2,560 (+586.1%), from €437 to €2,996
- Financial charges +€501
up €501 (+73.4%), from €682 to €1,183
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 | €29,941 | €74,585 | +€44,644 | +149.1% |
| Fixed assets | 21/28 | €8,212 | €6,925 | -€1,288 | -15.7% |
| Tangible fixed assets | 22/27 | €8,212 | €6,925 | -€1,288 | -15.7% |
| Furniture and vehicles | 24 | €8,212 | €6,925 | -€1,288 | -15.7% |
| Current assets | 29/58 | €21,729 | €67,660 | +€45,931 | +211.4% |
| Stocks and contracts in progress | 3 | €441 | €441 | = | 0.0% |
| Stocks | 30/36 | €441 | €441 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,258 | €65,061 | +€43,802 | +206.0% |
| Trade receivables | 40 | €3,606 | €48,940 | +€45,334 | +1257.0% |
| Other amounts receivable | 41 | €17,652 | €16,120 | -€1,532 | -8.7% |
| Cash at bank and in hand | 54/58 | €30 | €2,159 | +€2,129 | +7146.7% |
| Total equity and liabilities | 10/49 | €29,941 | €74,585 | +€44,644 | +149.1% |
| Equity | 10/15 | -€48,785 | -€39,391 | +€9,394 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,985 | -€45,591 | +€9,394 | +17.1% |
| Amounts payable | 17/49 | €78,727 | €113,977 | +€35,250 | +44.8% |
| Amounts payable within one year | 42/48 | €78,727 | €113,977 | +€35,250 | +44.8% |
| Trade debts | 44 | €2,920 | €48,672 | +€45,752 | +1567.0% |
| Suppliers | 440/4 | €2,920 | €48,672 | +€45,752 | +1567.0% |
| Taxes, remuneration and social security | 45 | €0 | €115 | +€115 | |
| Taxes | 450/3 | €0 | €115 | +€115 | |
| Other amounts payable | 47/48 | €75,807 | €65,189 | -€10,618 | -14.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,288 | €1,288 | = | 0.0% |
| Other operating charges | 640/8 | €437 | €2,996 | +€2,560 | +586.1% |
| Gross operating margin | 9900 | -€125 | €14,861 | +€14,985 | |
| Operating profit (loss) | 9901 | -€1,849 | €10,577 | +€12,426 | |
| Financial charges | 65/66B | €682 | €1,183 | +€501 | +73.4% |
| Recurring financial charges | 65 | €682 | €1,183 | +€501 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,531 | €9,394 | +€11,925 | |
| Profit (loss) for the period | 9904 | -€2,531 | €9,394 | +€11,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,531 | €9,394 | +€11,925 |
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 28 September 2026 via checked.be.