360°: 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.
360°
Largest movements
- Current investments +€115,285
up €115,285 (+44.3%), from €260,089 to €375,373
- Tangible fixed assets +€9,410
up €9,410 (+65.1%), from €14,455 to €23,865
of which Other tangible fixed assets: +€8,873
- Reserves +€73,974
up €73,974 (+23.8%), from €311,099 to €385,073
- Tax, wage and social debts +€41,509
up €41,509 (+126.5%), from €32,800 to €74,309
- Other debts +€10,846
up €10,846 (+19.5%), from €55,487 to €66,333
- Gross operating margin +€99,699
up €99,699 (+125.9%), from €79,181 to €178,879
- Taxes +€30,359
up €30,359 (+138.6%), from €21,909 to €52,268
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 | €437,952 | €564,851 | +€126,900 | +29.0% |
| Fixed assets | 21/28 | €14,500 | €23,910 | +€9,410 | +64.9% |
| Tangible fixed assets | 22/27 | €14,455 | €23,865 | +€9,410 | +65.1% |
| Furniture and vehicles | 24 | €2,431 | €2,969 | +€537 | +22.1% |
| Other tangible fixed assets | 26 | €12,024 | €20,897 | +€8,873 | +73.8% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €423,452 | €540,941 | +€117,489 | +27.7% |
| Stocks and contracts in progress | 3 | €16,510 | €19,318 | +€2,809 | +17.0% |
| Stocks | 30/36 | €16,510 | €19,318 | +€2,809 | +17.0% |
| Amounts receivable within one year | 40/41 | €55,896 | €51,686 | -€4,209 | -7.5% |
| Trade receivables | 40 | €55,896 | €51,686 | -€4,209 | -7.5% |
| Current investments | 50/53 | €260,089 | €375,373 | +€115,285 | +44.3% |
| Cash at bank and in hand | 54/58 | €87,155 | €90,691 | +€3,535 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,802 | €3,872 | +€70 | +1.8% |
| Total equity and liabilities | 10/49 | €437,952 | €564,851 | +€126,900 | +29.0% |
| Equity | 10/15 | €347,405 | €421,379 | +€73,974 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311,099 | €385,073 | +€73,974 | +23.8% |
| Distributable reserves | 133 | €311,099 | €385,073 | +€73,974 | +23.8% |
| Profit (loss) carried forward | 14 | €30,106 | €30,106 | = | 0.0% |
| Amounts payable | 17/49 | €90,547 | €143,472 | +€52,925 | +58.5% |
| Amounts payable within one year | 42/48 | €90,485 | €143,411 | +€52,925 | +58.5% |
| Trade debts | 44 | €2,198 | €2,769 | +€571 | +26.0% |
| Suppliers | 440/4 | €2,198 | €2,769 | +€571 | +26.0% |
| Taxes, remuneration and social security | 45 | €32,800 | €74,309 | +€41,509 | +126.5% |
| Taxes | 450/3 | €32,800 | €74,309 | +€41,509 | +126.5% |
| Other amounts payable | 47/48 | €55,487 | €66,333 | +€10,846 | +19.5% |
| Accrued charges and deferred income | 492/3 | €61 | €61 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,362 | €3,070 | -€292 | -8.7% |
| Other operating charges | 640/8 | €1,607 | €2,795 | +€1,188 | +73.9% |
| Gross operating margin | 9900 | €79,181 | €178,879 | +€99,699 | +125.9% |
| Operating profit (loss) | 9901 | €74,211 | €173,015 | +€98,803 | +133.1% |
| Financial income | 75/76B | €1,244 | €2,465 | +€1,221 | +98.2% |
| Recurring financial income | 75 | €1,244 | €2,465 | +€1,221 | +98.2% |
| Financial charges | 65/66B | €3,312 | €2,794 | -€518 | -15.6% |
| Recurring financial charges | 65 | €3,312 | €2,794 | -€518 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €72,143 | €172,685 | +€100,543 | +139.4% |
| Income taxes | 67/77 | €21,909 | €52,268 | +€30,359 | +138.6% |
| Profit (loss) for the period | 9904 | €50,234 | €120,417 | +€70,184 | +139.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,234 | €120,417 | +€70,184 | +139.7% |
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 2 October 2026 via checked.be.