1-STEP CLOSER: 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-STEP CLOSER
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Receivables within one year +€9,059
up €9,059 (+36.0%), from €25,153 to €34,212
of which Trade receivables: +€14,896
- Cash -€6,692
down €6,692 (-3.4%), from €194,391 to €187,699
mainly Current investments (-€60,000) and Receivables within one year (-€9,059)
- Deferred charges and accrued income -€3,044
down €3,044 (-71.3%), from €4,271 to €1,227
- Reserves +€58,909
up €58,909 (+43.4%), from €135,607 to €194,516
- Trade debts +€4,240
up €4,240 (+380%), from €1,116 to €5,355
- Write-downs -€47,850
down €47,850, from €23,925 to -€23,925
- Gross operating margin -€17,114
down €17,114 (-22.5%), from €76,107 to €58,993
- Taxes +€12,638
up €12,638 (+129%), from €9,817 to €22,454
- Depreciation -€3,771
down €3,771 (-70.7%), from €5,338 to €1,566
- Financial income -€1,896
down €1,896 (-69.5%), from €2,729 to €833
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 | €225,173 | €285,296 | +€60,122 | +26.7% |
| Fixed assets | 21/28 | €1,358 | €2,157 | +€799 | +58.8% |
| Tangible fixed assets | 22/27 | €1,333 | €2,132 | +€799 | +59.9% |
| Furniture and vehicles | 24 | €1,333 | €2,132 | +€799 | +59.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €223,815 | €283,139 | +€59,324 | +26.5% |
| Amounts receivable within one year | 40/41 | €25,153 | €34,212 | +€9,059 | +36.0% |
| Trade receivables | 40 | €18,334 | €33,230 | +€14,896 | +81.2% |
| Other amounts receivable | 41 | €6,819 | €982 | -€5,837 | -85.6% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €194,391 | €187,699 | -€6,692 | -3.4% |
| Deferred charges and accrued income | 490/1 | €4,271 | €1,227 | -€3,044 | -71.3% |
| Total equity and liabilities | 10/49 | €225,173 | €285,296 | +€60,122 | +26.7% |
| Equity | 10/15 | €208,218 | €267,127 | +€58,909 | +28.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €135,607 | €194,516 | +€58,909 | +43.4% |
| Distributable reserves | 133 | €135,607 | €194,516 | +€58,909 | +43.4% |
| Profit (loss) carried forward | 14 | €52,151 | €52,151 | = | 0.0% |
| Amounts payable | 17/49 | €16,955 | €18,169 | +€1,214 | +7.2% |
| Amounts payable within one year | 42/48 | €16,761 | €18,169 | +€1,408 | +8.4% |
| Trade debts | 44 | €1,116 | €5,355 | +€4,240 | +380% |
| Suppliers | 440/4 | €1,116 | €5,355 | +€4,240 | +380% |
| Taxes, remuneration and social security | 45 | €15,134 | €12,302 | -€2,832 | -18.7% |
| Taxes | 450/3 | €15,134 | €12,071 | -€3,063 | -20.2% |
| Remuneration and social security | 454/9 | - | €231 | +€231 | |
| Other amounts payable | 47/48 | €511 | €511 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €194 | - | -€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,338 | €1,566 | -€3,771 | -70.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,925 | -€23,925 | -€47,850 | |
| Other operating charges | 640/8 | €563 | €696 | +€134 | +23.8% |
| Gross operating margin | 9900 | €76,107 | €58,993 | -€17,114 | -22.5% |
| Operating profit (loss) | 9901 | €46,282 | €80,655 | +€34,373 | +74.3% |
| Financial income | 75/76B | €2,729 | €833 | -€1,896 | -69.5% |
| Recurring financial income | 75 | €2,729 | €833 | -€1,896 | -69.5% |
| Financial charges | 65/66B | €126 | €125 | -€1 | -0.9% |
| Recurring financial charges | 65 | €126 | €125 | -€1 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €48,885 | €81,363 | +€32,478 | +66.4% |
| Income taxes | 67/77 | €9,817 | €22,454 | +€12,638 | +129% |
| Profit (loss) for the period | 9904 | €39,068 | €58,909 | +€19,840 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,068 | €58,909 | +€19,840 | +50.8% |
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 14 October 2026 via checked.be.