1 + 1 = 11: 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.
1 + 1 = 11
Largest movements
- Financial fixed assets +€20,000
new in 2025: €20,000
- Cash -€3,160
down €3,160 (-13.6%), from €23,268 to €20,108
mainly Investment in fixed assets (net) (-€20,000) and Tax, wage and social debts (-€1,292)
- Reserves +€20,539
up €20,539 (+34.9%), from €58,809 to €79,349
- Tax, wage and social debts -€1,292
down €1,292 (-6.9%), from €18,764 to €17,472
- Gross operating margin -€4,654
down €4,654 (-15.5%), from €30,088 to €25,434
- Taxes -€903
down €903 (-13.6%), from €6,655 to €5,751
- Other operating charges +€336
up €336 (+74.5%), from €451 to €787
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 | €81,194 | €98,825 | +€17,631 | +21.7% |
| Fixed assets | 21/28 | €2,298 | €21,674 | +€19,376 | +843% |
| Tangible fixed assets | 22/27 | €2,298 | €1,674 | -€624 | -27.2% |
| Furniture and vehicles | 24 | €2,298 | €1,674 | -€624 | -27.2% |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €78,896 | €77,151 | -€1,745 | -2.2% |
| Amounts receivable within one year | 40/41 | €55,628 | €56,398 | +€770 | +1.4% |
| Trade receivables | 40 | €15,735 | €9,223 | -€6,512 | -41.4% |
| Other amounts receivable | 41 | €39,893 | €47,175 | +€7,282 | +18.3% |
| Cash at bank and in hand | 54/58 | €23,268 | €20,108 | -€3,160 | -13.6% |
| Deferred charges and accrued income | 490/1 | - | €646 | +€646 | |
| Total equity and liabilities | 10/49 | €81,194 | €98,825 | +€17,631 | +21.7% |
| Equity | 10/15 | €59,809 | €80,349 | +€20,539 | +34.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €58,809 | €79,349 | +€20,539 | +34.9% |
| Distributable reserves | 133 | €58,809 | €79,349 | +€20,539 | +34.9% |
| Amounts payable | 17/49 | €21,384 | €18,476 | -€2,908 | -13.6% |
| Amounts payable within one year | 42/48 | €21,384 | €18,476 | -€2,908 | -13.6% |
| Trade debts | 44 | €1,821 | €1,005 | -€816 | -44.8% |
| Suppliers | 440/4 | €1,821 | €1,005 | -€816 | -44.8% |
| Taxes, remuneration and social security | 45 | €18,764 | €17,472 | -€1,292 | -6.9% |
| Taxes | 450/3 | €18,764 | €17,472 | -€1,292 | -6.9% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €624 | +€0 | 0.0% |
| Other operating charges | 640/8 | €451 | €787 | +€336 | +74.5% |
| Gross operating margin | 9900 | €30,088 | €25,434 | -€4,654 | -15.5% |
| Operating profit (loss) | 9901 | €29,013 | €24,023 | -€4,990 | -17.2% |
| Financial income | 75/76B | €2,169 | €2,368 | +€199 | +9.2% |
| Recurring financial income | 75 | €2,169 | €2,368 | +€199 | +9.2% |
| Financial charges | 65/66B | €25 | €100 | +€75 | +300% |
| Recurring financial charges | 65 | €25 | €100 | +€75 | +300% |
| Profit (loss) for the period before taxes | 9903 | €31,157 | €26,291 | -€4,866 | -15.6% |
| Income taxes | 67/77 | €6,655 | €5,751 | -€903 | -13.6% |
| Profit (loss) for the period | 9904 | €24,502 | €20,539 | -€3,963 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,502 | €20,539 | -€3,963 | -16.2% |
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 15 October 2026 via checked.be.