4 IMPROVEMENT: 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.
4 IMPROVEMENT
Largest movements
- Cash +€12,609
up €12,609 (+21.9%), from €57,470 to €70,079
mainly Net result for the year (+€56,332) and Other debts (+€42,628)
- Tangible fixed assets -€4,357
down €4,357 (-9.6%), from €45,361 to €41,004
of which Furniture and vehicles: -€3,223
- Other debts +€42,628
up €42,628 (+100.0%), from €42,645 to €85,273
- Profit (loss) carried forward -€30,019
down €30,019 (-100.0%), from €30,019 to €0
- Debts after one year -€8,761
down €8,761 (-29.3%), from €29,856 to €21,096
- Tax, wage and social debts +€4,219
up €4,219 (+92.1%), from €4,583 to €8,802
- Depreciation +€2,683
up €2,683 (+29.8%), from €9,003 to €11,685
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 | €118,485 | €127,469 | +€8,984 | +7.6% |
| Fixed assets | 21/28 | €45,361 | €41,004 | -€4,357 | -9.6% |
| Tangible fixed assets | 22/27 | €45,361 | €41,004 | -€4,357 | -9.6% |
| Plant, machinery and equipment | 23 | €4,245 | €3,111 | -€1,134 | -26.7% |
| Furniture and vehicles | 24 | €41,116 | €37,893 | -€3,223 | -7.8% |
| Current assets | 29/58 | €73,124 | €86,465 | +€13,341 | +18.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,486 | €15,221 | +€735 | +5.1% |
| Trade receivables | 40 | €14,486 | €14,756 | +€270 | +1.9% |
| Other amounts receivable | 41 | - | €465 | +€465 | |
| Cash at bank and in hand | 54/58 | €57,470 | €70,079 | +€12,609 | +21.9% |
| Deferred charges and accrued income | 490/1 | €1,168 | €1,165 | -€4 | -0.3% |
| Total equity and liabilities | 10/49 | €118,485 | €127,469 | +€8,984 | +7.6% |
| Equity | 10/15 | €30,119 | €100 | -€30,019 | -99.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,019 | €0 | -€30,019 | -100.0% |
| Amounts payable | 17/49 | €88,366 | €127,369 | +€39,003 | +44.1% |
| Amounts payable after more than one year | 17 | €29,856 | €21,096 | -€8,761 | -29.3% |
| Financial debts | 170/4 | €29,856 | €21,096 | -€8,761 | -29.3% |
| Amounts payable within one year | 42/48 | €58,510 | €105,699 | +€47,188 | +80.7% |
| Current portion of amounts payable after more than one year | 42 | €8,403 | €8,761 | +€357 | +4.3% |
| Trade debts | 44 | €2,879 | €2,863 | -€16 | -0.5% |
| Suppliers | 440/4 | €2,879 | €2,863 | -€16 | -0.5% |
| Taxes, remuneration and social security | 45 | €4,583 | €8,802 | +€4,219 | +92.1% |
| Taxes | 450/3 | €4,583 | €8,802 | +€4,219 | +92.1% |
| Other amounts payable | 47/48 | €42,645 | €85,273 | +€42,628 | +100.0% |
| Accrued charges and deferred income | 492/3 | - | €575 | +€575 | |
| Non-recurring operating income | 76A | €10,491 | €165 | -€10,326 | -98.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,003 | €11,685 | +€2,683 | +29.8% |
| Other operating charges | 640/8 | €872 | €904 | +€32 | +3.7% |
| Gross operating margin | 9900 | €87,077 | €86,623 | -€455 | -0.5% |
| Operating profit (loss) | 9901 | €77,203 | €74,033 | -€3,170 | -4.1% |
| Financial income | 75/76B | €191 | €0 | -€191 | -100.0% |
| Recurring financial income | 75 | €191 | €0 | -€191 | -100.0% |
| Financial charges | 65/66B | €1,562 | €2,167 | +€605 | +38.8% |
| Recurring financial charges | 65 | €1,562 | €2,167 | +€605 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €75,831 | €71,866 | -€3,965 | -5.2% |
| Income taxes | 67/77 | €15,813 | €15,534 | -€279 | -1.8% |
| Profit (loss) for the period | 9904 | €60,019 | €56,332 | -€3,687 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,019 | €56,332 | -€3,687 | -6.1% |
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 9 October 2026 via checked.be.