2 MOVE ON: 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.
2 MOVE ON
Largest movements
- Tangible fixed assets +€30,429
new in 2025: €30,429
of which Other tangible fixed assets: +€21,846
- Cash +€10,405
up €10,405 (+10405.4%), from €100 to €10,505
mainly Debts after one year (+€23,445) and Trade debts (+€13,051)
- Financial fixed assets +€9,900
new in 2025: €9,900
- Deferred charges and accrued income +€7,324
new in 2025: €7,324
- Intangible fixed assets +€5,538
new in 2025: €5,538
- Debts after one year +€23,445
new in 2025: €23,445
- Trade debts +€13,051
up €13,051 (+2875.4%), from €454 to €13,505
- Reserves +€11,227
new in 2025: €11,227
- Other debts +€7,583
up €7,583 (+244.3%), from €3,104 to €10,687
- Current portion of long-term debt +€5,634
new in 2025: €5,634
- Gross operating margin +€26,635
up €26,635, from -€632 to €26,003
- Depreciation +€5,699
up €5,699 (+2201.3%), from €259 to €5,958
- Taxes +€4,099
new in 2025: €4,099
- Financial charges +€2,464
new in 2025: €2,464
- Other operating charges +€589
up €589 (+152.0%), from €387 to €976
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 | €2,379 | €64,599 | +€62,220 | +2615.1% |
| Formation expenses | 20 | €2,279 | €0 | -€2,279 | -100.0% |
| Fixed assets | 21/28 | - | €45,868 | +€45,868 | |
| Intangible fixed assets | 21 | - | €5,538 | +€5,538 | |
| Tangible fixed assets | 22/27 | - | €30,429 | +€30,429 | |
| Plant, machinery and equipment | 23 | - | €6,643 | +€6,643 | |
| Furniture and vehicles | 24 | - | €1,941 | +€1,941 | |
| Other tangible fixed assets | 26 | - | €21,846 | +€21,846 | |
| Financial fixed assets | 28 | - | €9,900 | +€9,900 | |
| Current assets | 29/58 | €100 | €18,731 | +€18,631 | +18631.1% |
| Amounts receivable within one year | 40/41 | - | €901 | +€901 | |
| Other amounts receivable | 41 | - | €901 | +€901 | |
| Cash at bank and in hand | 54/58 | €100 | €10,505 | +€10,405 | +10405.4% |
| Deferred charges and accrued income | 490/1 | - | €7,324 | +€7,324 | |
| Total equity and liabilities | 10/49 | €2,379 | €64,599 | +€62,220 | +2615.1% |
| Equity | 10/15 | -€1,179 | €11,327 | +€12,506 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | - | €11,227 | +€11,227 | |
| Distributable reserves | 133 | - | €11,227 | +€11,227 | |
| Profit (loss) carried forward | 14 | -€1,279 | €0 | +€1,279 | |
| Amounts payable | 17/49 | €3,558 | €53,271 | +€49,713 | +1397.3% |
| Amounts payable after more than one year | 17 | - | €23,445 | +€23,445 | |
| Financial debts | 170/4 | - | €23,445 | +€23,445 | |
| Amounts payable within one year | 42/48 | €3,558 | €29,826 | +€26,268 | +738.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,634 | +€5,634 | |
| Trade debts | 44 | €454 | €13,505 | +€13,051 | +2875.4% |
| Suppliers | 440/4 | €454 | €13,505 | +€13,051 | +2875.4% |
| Other amounts payable | 47/48 | €3,104 | €10,687 | +€7,583 | +244.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €5,958 | +€5,699 | +2201.3% |
| Other operating charges | 640/8 | €387 | €976 | +€589 | +152.0% |
| Gross operating margin | 9900 | -€632 | €26,003 | +€26,635 | |
| Operating profit (loss) | 9901 | -€1,279 | €19,069 | +€20,348 | |
| Financial charges | 65/66B | - | €2,464 | +€2,464 | |
| Recurring financial charges | 65 | - | €2,464 | +€2,464 | |
| Profit (loss) for the period before taxes | 9903 | -€1,279 | €16,605 | +€17,884 | |
| Income taxes | 67/77 | - | €4,099 | +€4,099 | |
| Profit (loss) for the period | 9904 | -€1,279 | €12,506 | +€13,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,279 | €12,506 | +€13,785 |
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 8 October 2026 via checked.be.