2ND: 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.
2ND
Largest movements
- Cash +€30,217
up €30,217 (+164.8%), from €18,333 to €48,551
mainly Net result for the year (+€31,106) and Tax, wage and social debts (+€11,241)
- Tangible fixed assets -€3,817
down €3,817 (-19.3%), from €19,763 to €15,946
of which Furniture and vehicles: -€1,922
- Stocks and contracts -€3,458
down €3,458 (-21.1%), from €16,372 to €12,914
- Profit (loss) carried forward +€31,106
up €31,106 (+50.9%), from -€61,167 to -€30,060
- Trade debts -€14,036
down €14,036 (-24.3%), from €57,754 to €43,718
- Tax, wage and social debts +€11,241
up €11,241 (+51.7%), from €21,737 to €32,978
of which Taxes: +€6,953
- Advances received -€5,341
down €5,341 (-13.6%), from €39,248 to €33,907
- Gross operating margin +€37,979
up €37,979 (+47.0%), from €80,762 to €118,741
- Staff costs -€18,626
down €18,626 (-19.4%), from €95,855 to €77,229
- Other operating charges -€1,713
down €1,713 (-34.1%), from €5,024 to €3,311
- Financial charges -€1,645
down €1,645 (-42.4%), from €3,876 to €2,231
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 | €61,938 | €84,909 | +€22,970 | +37.1% |
| Fixed assets | 21/28 | €24,043 | €20,226 | -€3,817 | -15.9% |
| Tangible fixed assets | 22/27 | €19,763 | €15,946 | -€3,817 | -19.3% |
| Plant, machinery and equipment | 23 | €469 | €234 | -€235 | -50.1% |
| Furniture and vehicles | 24 | €9,335 | €7,413 | -€1,922 | -20.6% |
| Other tangible fixed assets | 26 | €9,959 | €8,299 | -€1,661 | -16.7% |
| Financial fixed assets | 28 | €4,280 | €4,280 | = | 0.0% |
| Current assets | 29/58 | €37,895 | €64,683 | +€26,787 | +70.7% |
| Stocks and contracts in progress | 3 | €16,372 | €12,914 | -€3,458 | -21.1% |
| Stocks | 30/36 | €16,372 | €12,914 | -€3,458 | -21.1% |
| Amounts receivable within one year | 40/41 | €2,319 | €2,624 | +€305 | +13.1% |
| Trade receivables | 40 | €190 | €614 | +€425 | +224.1% |
| Other amounts receivable | 41 | €2,129 | €2,010 | -€120 | -5.6% |
| Cash at bank and in hand | 54/58 | €18,333 | €48,551 | +€30,217 | +164.8% |
| Deferred charges and accrued income | 490/1 | €871 | €594 | -€276 | -31.7% |
| Total equity and liabilities | 10/49 | €61,938 | €84,909 | +€22,970 | +37.1% |
| Equity | 10/15 | -€58,167 | -€27,060 | +€31,106 | +53.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,167 | -€30,060 | +€31,106 | +50.9% |
| Amounts payable | 17/49 | €120,105 | €111,969 | -€8,136 | -6.8% |
| Amounts payable within one year | 42/48 | €120,105 | €111,969 | -€8,136 | -6.8% |
| Trade debts | 44 | €57,754 | €43,718 | -€14,036 | -24.3% |
| Suppliers | 440/4 | €57,754 | €43,718 | -€14,036 | -24.3% |
| Advances received on contracts in progress | 46 | €39,248 | €33,907 | -€5,341 | -13.6% |
| Taxes, remuneration and social security | 45 | €21,737 | €32,978 | +€11,241 | +51.7% |
| Taxes | 450/3 | €3,822 | €10,775 | +€6,953 | +181.9% |
| Remuneration and social security | 454/9 | €17,915 | €22,203 | +€4,288 | +23.9% |
| Other amounts payable | 47/48 | €1,366 | €1,366 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €95,855 | €77,229 | -€18,626 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,088 | €4,990 | +€902 | +22.1% |
| Other operating charges | 640/8 | €5,024 | €3,311 | -€1,713 | -34.1% |
| Gross operating margin | 9900 | €80,762 | €118,741 | +€37,979 | +47.0% |
| Operating profit (loss) | 9901 | -€24,206 | €33,210 | +€57,416 | |
| Financial income | 75/76B | €27 | €127 | +€99 | +362.5% |
| Recurring financial income | 75 | €27 | €127 | +€99 | +362.5% |
| Financial charges | 65/66B | €3,876 | €2,231 | -€1,645 | -42.4% |
| Recurring financial charges | 65 | €3,876 | €2,231 | -€1,645 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,054 | €31,106 | +€59,161 | |
| Profit (loss) for the period | 9904 | -€28,054 | €31,106 | +€59,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,054 | €31,106 | +€59,161 |
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 28 September 2026 via checked.be.