2412: 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.
2412
Largest movements
- Cash +€40,578
up €40,578 (+31.9%), from €127,055 to €167,633
mainly Net result for the year (+€32,607) and Trade debts (+€8,710)
- Receivables within one year +€7,733
up €7,733 (+77.3%), from €10,004 to €17,738
of which Other amounts receivable: +€5,633
- Tangible fixed assets -€3,614
down €3,614 (-39.0%), from €9,266 to €5,652
- Reserves +€32,607
up €32,607 (+29.0%), from €112,625 to €145,233
- Trade debts +€8,710
up €8,710 (+1043.5%), from €835 to €9,545
- Tax, wage and social debts +€6,292
up €6,292 (+55.4%), from €11,353 to €17,645
of which Taxes: +€3,867
- Other debts -€2,912
no longer reported in 2025 (was €2,912)
- Gross operating margin +€3,006
up €3,006 (+5.9%), from €51,120 to €54,126
- Taxes +€2,388
up €2,388 (+16.2%), from €14,748 to €17,136
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 | €146,325 | €191,022 | +€44,697 | +30.5% |
| Fixed assets | 21/28 | €9,266 | €5,652 | -€3,614 | -39.0% |
| Tangible fixed assets | 22/27 | €9,266 | €5,652 | -€3,614 | -39.0% |
| Furniture and vehicles | 24 | €9,266 | €5,652 | -€3,614 | -39.0% |
| Current assets | 29/58 | €137,059 | €185,370 | +€48,311 | +35.2% |
| Amounts receivable within one year | 40/41 | €10,004 | €17,738 | +€7,733 | +77.3% |
| Trade receivables | 40 | €10,000 | €12,100 | +€2,100 | +21.0% |
| Other amounts receivable | 41 | €4 | €5,638 | +€5,633 | +126590.8% |
| Cash at bank and in hand | 54/58 | €127,055 | €167,633 | +€40,578 | +31.9% |
| Total equity and liabilities | 10/49 | €146,325 | €191,022 | +€44,697 | +30.5% |
| Equity | 10/15 | €131,225 | €163,833 | +€32,607 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,625 | €145,233 | +€32,607 | +29.0% |
| Distributable reserves | 133 | €112,625 | €145,233 | +€32,607 | +29.0% |
| Amounts payable | 17/49 | €15,100 | €27,190 | +€12,090 | +80.1% |
| Amounts payable within one year | 42/48 | €15,100 | €27,190 | +€12,090 | +80.1% |
| Trade debts | 44 | €835 | €9,545 | +€8,710 | +1043.5% |
| Suppliers | 440/4 | €835 | €9,545 | +€8,710 | +1043.5% |
| Taxes, remuneration and social security | 45 | €11,353 | €17,645 | +€6,292 | +55.4% |
| Taxes | 450/3 | €11,353 | €15,220 | +€3,867 | +34.1% |
| Remuneration and social security | 454/9 | - | €2,425 | +€2,425 | |
| Other amounts payable | 47/48 | €2,912 | - | -€2,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,708 | €3,614 | -€94 | -2.5% |
| Other operating charges | 640/8 | €767 | €699 | -€68 | -8.9% |
| Gross operating margin | 9900 | €51,120 | €54,126 | +€3,006 | +5.9% |
| Operating profit (loss) | 9901 | €46,645 | €49,813 | +€3,168 | +6.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €93 | €70 | -€22 | -23.9% |
| Recurring financial charges | 65 | €93 | €70 | -€22 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €46,553 | €49,743 | +€3,191 | +6.9% |
| Income taxes | 67/77 | €14,748 | €17,136 | +€2,388 | +16.2% |
| Profit (loss) for the period | 9904 | €31,804 | €32,607 | +€803 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,804 | €32,607 | +€803 | +2.5% |
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 10 October 2026 via checked.be.