360°ACADEMY: 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.
360°ACADEMY
Largest movements
- Receivables within one year +€37,410
up €37,410 (+213%), from €17,549 to €54,959
of which Trade receivables: +€41,099
- Cash +€13,221
up €13,221 (+22.3%), from €59,172 to €72,393
mainly Trade debts (+€35,851) and Net result for the year (+€10,272)
- Trade debts +€35,851
up €35,851 (+517%), from €6,934 to €42,785
- Profit (loss) carried forward +€10,272
up €10,272 (+39.0%), from €26,360 to €36,632
- Tax, wage and social debts +€3,912
new in 2025: €3,912
- Gross operating margin +€3,967
up €3,967 (+50.1%), from €7,924 to €11,891
- Taxes +€904
new in 2025: €904
- Depreciation -€316
down €316 (-34.6%), from €911 to €596
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.
Derived cash bridge
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 | €79,161 | €129,195 | +€50,035 | +63.2% |
| Fixed assets | 21/28 | €640 | €44 | -€596 | -93.1% |
| Tangible fixed assets | 22/27 | €640 | €44 | -€596 | -93.1% |
| Plant, machinery and equipment | 23 | €640 | €44 | -€596 | -93.1% |
| Current assets | 29/58 | €78,521 | €129,151 | +€50,631 | +64.5% |
| Amounts receivable within one year | 40/41 | €17,549 | €54,959 | +€37,410 | +213% |
| Trade receivables | 40 | €12,940 | €54,039 | +€41,099 | +318% |
| Other amounts receivable | 41 | €4,609 | €920 | -€3,689 | -80.0% |
| Cash at bank and in hand | 54/58 | €59,172 | €72,393 | +€13,221 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,800 | €1,800 | = | 0.0% |
| Total equity and liabilities | 10/49 | €79,161 | €129,195 | +€50,035 | +63.2% |
| Equity | 10/15 | €72,227 | €82,499 | +€10,272 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,667 | €39,667 | = | 0.0% |
| Distributable reserves | 133 | €39,667 | €39,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,360 | €36,632 | +€10,272 | +39.0% |
| Amounts payable | 17/49 | €6,934 | €46,697 | +€39,763 | +573% |
| Amounts payable within one year | 42/48 | €6,934 | €46,697 | +€39,763 | +573% |
| Trade debts | 44 | €6,934 | €42,785 | +€35,851 | +517% |
| Suppliers | 440/4 | €6,934 | €42,785 | +€35,851 | +517% |
| Taxes, remuneration and social security | 45 | - | €3,912 | +€3,912 | |
| Taxes | 450/3 | - | €3,912 | +€3,912 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €596 | -€316 | -34.6% |
| Other operating charges | 640/8 | €130 | €67 | -€63 | -48.3% |
| Gross operating margin | 9900 | €7,924 | €11,891 | +€3,967 | +50.1% |
| Operating profit (loss) | 9901 | €6,883 | €11,228 | +€4,345 | +63.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €45 | €53 | +€8 | +16.7% |
| Recurring financial charges | 65 | €45 | €53 | +€8 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €6,839 | €11,175 | +€4,337 | +63.4% |
| Income taxes | 67/77 | - | €904 | +€904 | |
| Profit (loss) for the period | 9904 | €6,839 | €10,272 | +€3,433 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,839 | €10,272 | +€3,433 | +50.2% |
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 15 October 2026 via checked.be.