15O3: 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.
15O3
Largest movements
- Tangible fixed assets +€5,030
up €5,030 (+120%), from €4,195 to €9,226
of which Other tangible fixed assets: +€6,430
- Cash +€2,730
up €2,730 (+2.6%), from €103,343 to €106,073
mainly Net result for the year (+€67,241) and Tax, wage and social debts (+€9,620)
- Tax, wage and social debts +€9,620
up €9,620 (+195%), from €4,937 to €14,557
of which Taxes: +€6,150
- Other debts -€2,385
down €2,385 (-2.5%), from €96,809 to €94,424
No income-statement line moved by more than 1% of the activity.
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 | €127,621 | €135,335 | +€7,714 | +6.0% |
| Fixed assets | 21/28 | €4,733 | €9,764 | +€5,030 | +106% |
| Tangible fixed assets | 22/27 | €4,195 | €9,226 | +€5,030 | +120% |
| Furniture and vehicles | 24 | €4,195 | €2,796 | -€1,400 | -33.4% |
| Other tangible fixed assets | 26 | - | €6,430 | +€6,430 | |
| Financial fixed assets | 28 | €538 | €538 | = | 0.0% |
| Current assets | 29/58 | €122,888 | €125,571 | +€2,683 | +2.2% |
| Amounts receivable within one year | 40/41 | €16,485 | €16,148 | -€336 | -2.0% |
| Trade receivables | 40 | €16,335 | €16,141 | -€194 | -1.2% |
| Other amounts receivable | 41 | €150 | €7 | -€143 | -95.3% |
| Cash at bank and in hand | 54/58 | €103,343 | €106,073 | +€2,730 | +2.6% |
| Deferred charges and accrued income | 490/1 | €3,060 | €3,350 | +€290 | +9.5% |
| Total equity and liabilities | 10/49 | €127,621 | €135,335 | +€7,714 | +6.0% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,161 | €114,875 | +€7,714 | +7.2% |
| Amounts payable within one year | 42/48 | €106,577 | €114,290 | +€7,714 | +7.2% |
| Financial debts | 43 | €1,455 | €2,145 | +€690 | +47.5% |
| Other loans | 439 | €1,455 | €2,145 | +€690 | +47.5% |
| Trade debts | 44 | €3,376 | €3,164 | -€212 | -6.3% |
| Suppliers | 440/4 | €3,376 | €3,164 | -€212 | -6.3% |
| Taxes, remuneration and social security | 45 | €4,937 | €14,557 | +€9,620 | +195% |
| Taxes | 450/3 | €4,937 | €11,087 | +€6,150 | +125% |
| Remuneration and social security | 454/9 | - | €3,470 | +€3,470 | |
| Other amounts payable | 47/48 | €96,809 | €94,424 | -€2,385 | -2.5% |
| Accrued charges and deferred income | 492/3 | €584 | €584 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,540 | €1,400 | -€140 | -9.1% |
| Other operating charges | 640/8 | €748 | €771 | +€23 | +3.0% |
| Gross operating margin | 9900 | €88,762 | €88,119 | -€643 | -0.7% |
| Operating profit (loss) | 9901 | €86,474 | €85,949 | -€526 | -0.6% |
| Financial charges | 65/66B | €597 | €561 | -€36 | -6.0% |
| Recurring financial charges | 65 | €597 | €561 | -€36 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €85,878 | €85,387 | -€490 | -0.6% |
| Income taxes | 67/77 | €18,039 | €18,146 | +€107 | +0.6% |
| Profit (loss) for the period | 9904 | €67,839 | €67,241 | -€598 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,839 | €67,241 | -€598 | -0.9% |
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 20 October 2026 via checked.be.