1 n 2: 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.
1 n 2
Largest movements
- Receivables within one year +€10,145
up €10,145 (+104.5%), from €9,709 to €19,854
of which Trade receivables: +€11,619
- Cash -€8,531
down €8,531 (-25.4%), from €33,529 to €24,998
mainly Contributions, distributions and other (-€17,705) and Receivables within one year (-€10,145)
- Tangible fixed assets -€1,231
down €1,231 (-28.1%), from €4,389 to €3,157
of which Furniture and vehicles: -€1,020
- Reserves +€16,462
up €16,462 (+62.4%), from €26,399 to €42,861
- Contributions -€15,987
no longer reported in 2025 (was €15,987)
- Gross operating margin +€6,512
up €6,512 (+28.8%), from €22,614 to €29,126
- Taxes +€1,866
up €1,866 (+27.9%), from €6,686 to €8,552
- Other operating charges +€472
up €472 (+92.0%), from €513 to €985
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 | €48,279 | €48,816 | +€537 | +1.1% |
| Fixed assets | 21/28 | €4,760 | €3,529 | -€1,231 | -25.9% |
| Tangible fixed assets | 22/27 | €4,389 | €3,157 | -€1,231 | -28.1% |
| Plant, machinery and equipment | 23 | €616 | €405 | -€211 | -34.3% |
| Furniture and vehicles | 24 | €3,772 | €2,752 | -€1,020 | -27.0% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €43,519 | €45,287 | +€1,768 | +4.1% |
| Amounts receivable within one year | 40/41 | €9,709 | €19,854 | +€10,145 | +104.5% |
| Trade receivables | 40 | €6,395 | €18,014 | +€11,619 | +181.7% |
| Other amounts receivable | 41 | €3,314 | €1,840 | -€1,475 | -44.5% |
| Cash at bank and in hand | 54/58 | €33,529 | €24,998 | -€8,531 | -25.4% |
| Deferred charges and accrued income | 490/1 | €281 | €435 | +€155 | +55.1% |
| Total equity and liabilities | 10/49 | €48,279 | €48,816 | +€537 | +1.1% |
| Equity | 10/15 | €42,386 | €42,861 | +€475 | +1.1% |
| Contributions | 10/11 | €15,987 | - | -€15,987 | |
| Reserves | 13 | €26,399 | €42,861 | +€16,462 | +62.4% |
| Distributable reserves | 133 | €26,399 | €42,861 | +€16,462 | +62.4% |
| Amounts payable | 17/49 | €5,893 | €5,955 | +€62 | +1.0% |
| Amounts payable within one year | 42/48 | €5,893 | €5,894 | +€1 | 0.0% |
| Trade debts | 44 | €882 | €1,336 | +€454 | +51.4% |
| Suppliers | 440/4 | €882 | €1,336 | +€454 | +51.4% |
| Taxes, remuneration and social security | 45 | €4,893 | €4,559 | -€334 | -6.8% |
| Taxes | 450/3 | €3,910 | €4,559 | +€649 | +16.6% |
| Remuneration and social security | 454/9 | €983 | - | -€983 | |
| Other amounts payable | 47/48 | €118 | - | -€118 | |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,231 | €1,231 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €985 | +€472 | +92.0% |
| Gross operating margin | 9900 | €22,614 | €29,126 | +€6,512 | +28.8% |
| Operating profit (loss) | 9901 | €20,869 | €26,909 | +€6,040 | +28.9% |
| Financial income | 75/76B | €6 | €7 | +€1 | +20.5% |
| Recurring financial income | 75 | €6 | €7 | +€1 | +20.5% |
| Financial charges | 65/66B | €336 | €185 | -€151 | -45.0% |
| Recurring financial charges | 65 | €336 | €185 | -€151 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €20,540 | €26,732 | +€6,192 | +30.1% |
| Income taxes | 67/77 | €6,686 | €8,552 | +€1,866 | +27.9% |
| Profit (loss) for the period | 9904 | €13,854 | €18,180 | +€4,326 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,854 | €18,180 | +€4,326 | +31.2% |
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 6 October 2026 via checked.be.