2 REMEMBER: 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 REMEMBER
Largest movements
- Cash +€15,795
up €15,795 (+950.5%), from €1,662 to €17,457
mainly Depreciation (+€14,898) and Net result for the year (+€7,008)
- Tangible fixed assets -€14,898
down €14,898 (-95.3%), from €15,640 to €742
- Receivables within one year +€3,674
up €3,674 (+6.5%), from €56,187 to €59,861
of which Other amounts receivable: +€2,641
- Trade debts -€10,081
down €10,081 (-80.7%), from €12,486 to €2,406
- Reserves +€7,008
up €7,008 (+12.7%), from €55,111 to €62,119
- Tax, wage and social debts +€5,898
up €5,898 (+3057.1%), from €193 to €6,091
of which Taxes: +€6,091
- Accrued charges and deferred income +€1,750
up €1,750 (+87.5%), from €2,000 to €3,750
- Gross operating margin -€13,986
down €13,986 (-34.5%), from €40,490 to €26,504
- Taxes -€3,710
down €3,710 (-48.2%), from €7,693 to €3,983
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 | €74,089 | €78,664 | +€4,575 | +6.2% |
| Fixed assets | 21/28 | €15,640 | €742 | -€14,898 | -95.3% |
| Tangible fixed assets | 22/27 | €15,640 | €742 | -€14,898 | -95.3% |
| Furniture and vehicles | 24 | €15,640 | €742 | -€14,898 | -95.3% |
| Current assets | 29/58 | €58,449 | €77,922 | +€19,473 | +33.3% |
| Amounts receivable within one year | 40/41 | €56,187 | €59,861 | +€3,674 | +6.5% |
| Trade receivables | 40 | - | €1,033 | +€1,033 | |
| Other amounts receivable | 41 | €56,187 | €58,828 | +€2,641 | +4.7% |
| Cash at bank and in hand | 54/58 | €1,662 | €17,457 | +€15,795 | +950.5% |
| Deferred charges and accrued income | 490/1 | €600 | €603 | +€3 | +0.5% |
| Total equity and liabilities | 10/49 | €74,089 | €78,664 | +€4,575 | +6.2% |
| Equity | 10/15 | €59,410 | €66,417 | +€7,008 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,111 | €62,119 | +€7,008 | +12.7% |
| Distributable reserves | 133 | €55,111 | €62,119 | +€7,008 | +12.7% |
| Profit (loss) carried forward | 14 | -€14,302 | -€14,302 | = | 0.0% |
| Amounts payable | 17/49 | €14,679 | €12,247 | -€2,433 | -16.6% |
| Amounts payable within one year | 42/48 | €12,679 | €8,497 | -€4,183 | -33.0% |
| Trade debts | 44 | €12,486 | €2,406 | -€10,081 | -80.7% |
| Suppliers | 440/4 | €12,486 | €2,406 | -€10,081 | -80.7% |
| Taxes, remuneration and social security | 45 | €193 | €6,091 | +€5,898 | +3057.1% |
| Taxes | 450/3 | - | €6,091 | +€6,091 | |
| Remuneration and social security | 454/9 | €193 | - | -€193 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €3,750 | +€1,750 | +87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,748 | €14,898 | +€150 | +1.0% |
| Other operating charges | 640/8 | €499 | €509 | +€10 | +2.1% |
| Gross operating margin | 9900 | €40,490 | €26,504 | -€13,986 | -34.5% |
| Operating profit (loss) | 9901 | €25,243 | €11,097 | -€14,147 | -56.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €128 | €106 | -€22 | -17.0% |
| Recurring financial charges | 65 | €128 | €106 | -€22 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €25,115 | €10,990 | -€14,125 | -56.2% |
| Income taxes | 67/77 | €7,693 | €3,983 | -€3,710 | -48.2% |
| Profit (loss) for the period | 9904 | €17,422 | €7,008 | -€10,415 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,422 | €7,008 | -€10,415 | -59.8% |
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 7 October 2026 via checked.be.