22nd: 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.
22nd
Largest movements
- Cash +€33,968
up €33,968 (+764.6%), from €4,443 to €38,411
mainly Net result for the year (+€20,794) and Depreciation (+€8,330)
- Tangible fixed assets -€8,330
down €8,330 (-67.1%), from €12,411 to €4,081
- Deferred charges and accrued income -€1,719
down €1,719 (-83.7%), from €2,053 to €334
- Reserves +€20,794
up €20,794 (+49.8%), from €41,721 to €62,515
- Short-term financial debts +€3,382
new in 2025: €3,382
- Other debts -€2,327
down €2,327 (-35.9%), from €6,479 to €4,152
- Trade debts +€1,629
up €1,629 (+269.3%), from €605 to €2,234
- Gross operating margin -€25,302
down €25,302 (-40.4%), from €62,637 to €37,335
- Taxes -€4,931
down €4,931 (-43.4%), from €11,367 to €6,436
- Other operating charges -€628
down €628 (-36.3%), from €1,730 to €1,102
- Depreciation +€628
up €628 (+8.1%), from €7,702 to €8,330
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 | €57,879 | €81,797 | +€23,918 | +41.3% |
| Fixed assets | 21/28 | €12,411 | €4,081 | -€8,330 | -67.1% |
| Tangible fixed assets | 22/27 | €12,411 | €4,081 | -€8,330 | -67.1% |
| Furniture and vehicles | 24 | €12,411 | €4,081 | -€8,330 | -67.1% |
| Current assets | 29/58 | €45,468 | €77,716 | +€32,248 | +70.9% |
| Amounts receivable within one year | 40/41 | €38,972 | €38,971 | -€1 | 0.0% |
| Trade receivables | 40 | €35,340 | €31,775 | -€3,565 | -10.1% |
| Other amounts receivable | 41 | €3,633 | €7,197 | +€3,564 | +98.1% |
| Cash at bank and in hand | 54/58 | €4,443 | €38,411 | +€33,968 | +764.6% |
| Deferred charges and accrued income | 490/1 | €2,053 | €334 | -€1,719 | -83.7% |
| Total equity and liabilities | 10/49 | €57,879 | €81,797 | +€23,918 | +41.3% |
| Equity | 10/15 | €44,721 | €65,515 | +€20,794 | +46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,721 | €62,515 | +€20,794 | +49.8% |
| Distributable reserves | 133 | €41,721 | €62,515 | +€20,794 | +49.8% |
| Amounts payable | 17/49 | €13,158 | €16,283 | +€3,124 | +23.7% |
| Amounts payable within one year | 42/48 | €12,408 | €15,533 | +€3,124 | +25.2% |
| Financial debts | 43 | - | €3,382 | +€3,382 | |
| Credit institutions | 430/8 | - | €3,382 | +€3,382 | |
| Trade debts | 44 | €605 | €2,234 | +€1,629 | +269.3% |
| Suppliers | 440/4 | €605 | €2,234 | +€1,629 | +269.3% |
| Taxes, remuneration and social security | 45 | €5,324 | €5,764 | +€441 | +8.3% |
| Taxes | 450/3 | €5,324 | €5,764 | +€441 | +8.3% |
| Other amounts payable | 47/48 | €6,479 | €4,152 | -€2,327 | -35.9% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,702 | €8,330 | +€628 | +8.1% |
| Other operating charges | 640/8 | €1,730 | €1,102 | -€628 | -36.3% |
| Gross operating margin | 9900 | €62,637 | €37,335 | -€25,302 | -40.4% |
| Operating profit (loss) | 9901 | €53,205 | €27,903 | -€25,301 | -47.6% |
| Financial charges | 65/66B | €117 | €673 | +€557 | +477.7% |
| Recurring financial charges | 65 | €117 | €673 | +€557 | +477.7% |
| Profit (loss) for the period before taxes | 9903 | €53,088 | €27,230 | -€25,858 | -48.7% |
| Income taxes | 67/77 | €11,367 | €6,436 | -€4,931 | -43.4% |
| Profit (loss) for the period | 9904 | €41,721 | €20,794 | -€20,927 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,721 | €20,794 | -€20,927 | -50.2% |
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.