3y228: 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.
3y228
Largest movements
- Cash +€47,025
up €47,025 (+364.0%), from €12,919 to €59,944
mainly Depreciation (+€19,719) and Investment in fixed assets (net) (+€15,671)
- Financial fixed assets -€17,915
down €17,915 (-87.8%), from €20,395 to €2,480
- Intangible fixed assets -€12,220
down €12,220 (-99.8%), from €12,245 to €25
- Tangible fixed assets -€5,255
down €5,255 (-47.3%), from €11,099 to €5,844
of which Land and buildings: -€3,200
- Profit (loss) carried forward +€13,435
up €13,435 (+83.4%), from -€16,102 to -€2,666
- Other debts -€9,048
down €9,048 (-20.8%), from €43,456 to €34,409
- Tax, wage and social debts +€3,842
up €3,842 (+35.7%), from €10,757 to €14,599
of which Taxes: +€3,613
- Trade debts +€2,442
up €2,442 (+170.4%), from €1,434 to €3,876
- Staff costs +€9,152
up €9,152 (+16.3%), from €56,043 to €65,194
- Taxes +€4,436
new in 2025: €4,436
- Financial charges -€2,175
down €2,175 (-85.2%), from €2,552 to €377
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 | €58,220 | €69,535 | +€11,315 | +19.4% |
| Fixed assets | 21/28 | €43,739 | €8,349 | -€35,390 | -80.9% |
| Intangible fixed assets | 21 | €12,245 | €25 | -€12,220 | -99.8% |
| Tangible fixed assets | 22/27 | €11,099 | €5,844 | -€5,255 | -47.3% |
| Land and buildings | 22 | €6,655 | €3,455 | -€3,200 | -48.1% |
| Plant, machinery and equipment | 23 | €4,426 | €2,389 | -€2,037 | -46.0% |
| Furniture and vehicles | 24 | €18 | - | -€18 | |
| Financial fixed assets | 28 | €20,395 | €2,480 | -€17,915 | -87.8% |
| Current assets | 29/58 | €14,480 | €61,186 | +€46,705 | +322.5% |
| Amounts receivable within one year | 40/41 | €955 | €897 | -€58 | -6.1% |
| Trade receivables | 40 | €89 | €350 | +€261 | +291.6% |
| Other amounts receivable | 41 | €866 | €547 | -€319 | -36.8% |
| Cash at bank and in hand | 54/58 | €12,919 | €59,944 | +€47,025 | +364.0% |
| Deferred charges and accrued income | 490/1 | €607 | €345 | -€262 | -43.2% |
| Total equity and liabilities | 10/49 | €58,220 | €69,535 | +€11,315 | +19.4% |
| Equity | 10/15 | €2,573 | €16,009 | +€13,435 | +522.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75 | €75 | = | 0.0% |
| Distributable reserves | 133 | €75 | €75 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,102 | -€2,666 | +€13,435 | +83.4% |
| Amounts payable | 17/49 | €55,647 | €53,526 | -€2,121 | -3.8% |
| Amounts payable within one year | 42/48 | €55,647 | €52,883 | -€2,764 | -5.0% |
| Trade debts | 44 | €1,434 | €3,876 | +€2,442 | +170.4% |
| Suppliers | 440/4 | €1,434 | €3,876 | +€2,442 | +170.4% |
| Taxes, remuneration and social security | 45 | €10,757 | €14,599 | +€3,842 | +35.7% |
| Taxes | 450/3 | €4,226 | €7,839 | +€3,613 | +85.5% |
| Remuneration and social security | 454/9 | €6,531 | €6,760 | +€229 | +3.5% |
| Other amounts payable | 47/48 | €43,456 | €34,409 | -€9,048 | -20.8% |
| Accrued charges and deferred income | 492/3 | - | €643 | +€643 | |
| Remuneration, social security and pensions | 62 | €56,043 | €65,194 | +€9,152 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,558 | €19,719 | +€161 | +0.8% |
| Other operating charges | 640/8 | €266 | €400 | +€133 | +50.1% |
| Gross operating margin | 9900 | €102,779 | €103,539 | +€760 | +0.7% |
| Operating profit (loss) | 9901 | €26,913 | €18,226 | -€8,687 | -32.3% |
| Financial income | 75/76B | €59 | €22 | -€37 | -62.8% |
| Recurring financial income | 75 | €59 | €22 | -€37 | -62.8% |
| Financial charges | 65/66B | €2,552 | €377 | -€2,175 | -85.2% |
| Recurring financial charges | 65 | €2,552 | €377 | -€2,175 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €24,420 | €17,871 | -€6,549 | -26.8% |
| Income taxes | 67/77 | - | €4,436 | +€4,436 | |
| Profit (loss) for the period | 9904 | €24,420 | €13,435 | -€10,984 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,420 | €13,435 | -€10,984 | -45.0% |
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 6 October 2026 via checked.be.