101 MANAGEMENT: 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.
101 MANAGEMENT
Largest movements
- Cash +€16,361
up €16,361 (+127%), from €12,833 to €29,195
mainly Other debts (+€29,093) and Tax, wage and social debts (+€10,535)
- Receivables within one year -€7,873
down €7,873 (-25.1%), from €31,402 to €23,529
- Profit (loss) carried forward -€29,760
down €29,760 (-82.9%), from €35,886 to €6,126
- Other debts +€29,093
up €29,093 (+3,883%), from €749 to €29,842
- Tax, wage and social debts +€10,535
up €10,535 (+205%), from €5,149 to €15,684
- Trade debts -€704
down €704 (-34.3%), from €2,055 to €1,351
- Gross operating margin -€1,653
down €1,653 (-13.7%), from €12,034 to €10,381
- Depreciation +€473
up €473 (+24.9%), from €1,901 to €2,375
- Taxes -€439
down €439 (-17.2%), from €2,550 to €2,111
- Other operating charges +€209
up €209 (+53.9%), from €387 to €596
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 | €50,840 | €60,003 | +€9,164 | +18.0% |
| Fixed assets | 21/28 | €6,436 | €6,914 | +€479 | +7.4% |
| Tangible fixed assets | 22/27 | €6,436 | €6,914 | +€479 | +7.4% |
| Furniture and vehicles | 24 | €5,177 | €5,840 | +€663 | +12.8% |
| Other tangible fixed assets | 26 | €1,259 | €1,075 | -€184 | -14.6% |
| Current assets | 29/58 | €44,404 | €53,089 | +€8,685 | +19.6% |
| Amounts receivable within one year | 40/41 | €31,402 | €23,529 | -€7,873 | -25.1% |
| Trade receivables | 40 | €31,402 | €23,529 | -€7,873 | -25.1% |
| Cash at bank and in hand | 54/58 | €12,833 | €29,195 | +€16,361 | +127% |
| Deferred charges and accrued income | 490/1 | €169 | €366 | +€197 | +117% |
| Total equity and liabilities | 10/49 | €50,840 | €60,003 | +€9,164 | +18.0% |
| Equity | 10/15 | €42,886 | €13,126 | -€29,760 | -69.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,886 | €6,126 | -€29,760 | -82.9% |
| Amounts payable | 17/49 | €7,953 | €46,878 | +€38,924 | +489% |
| Amounts payable within one year | 42/48 | €7,953 | €46,878 | +€38,924 | +489% |
| Trade debts | 44 | €2,055 | €1,351 | -€704 | -34.3% |
| Suppliers | 440/4 | €2,055 | €1,351 | -€704 | -34.3% |
| Taxes, remuneration and social security | 45 | €5,149 | €15,684 | +€10,535 | +205% |
| Taxes | 450/3 | €5,149 | €15,684 | +€10,535 | +205% |
| Other amounts payable | 47/48 | €749 | €29,842 | +€29,093 | +3,883% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,901 | €2,375 | +€473 | +24.9% |
| Other operating charges | 640/8 | €387 | €596 | +€209 | +53.9% |
| Gross operating margin | 9900 | €12,034 | €10,381 | -€1,653 | -13.7% |
| Operating profit (loss) | 9901 | €9,745 | €7,410 | -€2,335 | -24.0% |
| Financial income | 75/76B | €26 | €1 | -€25 | -98.0% |
| Recurring financial income | 75 | €26 | €1 | -€25 | -98.0% |
| Financial charges | 65/66B | €108 | €59 | -€48 | -44.8% |
| Recurring financial charges | 65 | €108 | €59 | -€48 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €9,663 | €7,351 | -€2,312 | -23.9% |
| Income taxes | 67/77 | €2,550 | €2,111 | -€439 | -17.2% |
| Profit (loss) for the period | 9904 | €7,113 | €5,240 | -€1,873 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,113 | €5,240 | -€1,873 | -26.3% |
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 19 October 2026 via checked.be.