55 K: what changed
55 K
Largest movements
- Cash -€19,179
down €19,179 (-39.5%), from €48,551 to €29,372
mainly Other debts (-€23,886) and Trade debts (-€6,814)
- Deferred charges and accrued income -€5,060
no longer reported in 2025 (was €5,060)
- Intangible fixed assets +€1,225
up €1,225 (+88.7%), from €1,382 to €2,607
- Tangible fixed assets -€726
down €726 (-48.1%), from €1,509 to €783
- Other debts -€23,886
down €23,886 (-91.3%), from €26,160 to €2,274
- Trade debts -€6,814
no longer reported in 2025 (was €6,814)
- Reserves +€4,892
up €4,892 (+26.8%), from €18,233 to €23,125
- Tax, wage and social debts +€3,693
up €3,693 (+149%), from €2,474 to €6,167
- Accrued charges and deferred income -€1,674
no longer reported in 2025 (was €1,674)
- Gross operating margin +€3,553
up €3,553 (+56.3%), from €6,306 to €9,859
- Other operating charges +€1,115
up €1,115 (+272%), from €411 to €1,526
- Taxes +€802
up €802 (+74.7%), from €1,074 to €1,876
- Depreciation -€760
down €760 (-38.8%), from €1,959 to €1,199
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,855 | €33,065 | -€23,789 | -41.8% |
| Fixed assets | 21/28 | €2,891 | €3,391 | +€499 | +17.3% |
| Intangible fixed assets | 21 | €1,382 | €2,607 | +€1,225 | +88.7% |
| Tangible fixed assets | 22/27 | €1,509 | €783 | -€726 | -48.1% |
| Furniture and vehicles | 24 | €1,509 | €783 | -€726 | -48.1% |
| Current assets | 29/58 | €53,964 | €29,675 | -€24,289 | -45.0% |
| Amounts receivable within one year | 40/41 | €352 | €302 | -€50 | -14.2% |
| Other amounts receivable | 41 | €352 | €302 | -€50 | -14.2% |
| Cash at bank and in hand | 54/58 | €48,551 | €29,372 | -€19,179 | -39.5% |
| Deferred charges and accrued income | 490/1 | €5,060 | - | -€5,060 | |
| Total equity and liabilities | 10/49 | €56,855 | €33,065 | -€23,789 | -41.8% |
| Equity | 10/15 | €19,733 | €24,625 | +€4,892 | +24.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €18,233 | €23,125 | +€4,892 | +26.8% |
| Distributable reserves | 133 | €18,233 | €23,125 | +€4,892 | +26.8% |
| Amounts payable | 17/49 | €37,121 | €8,440 | -€28,681 | -77.3% |
| Amounts payable within one year | 42/48 | €35,448 | €8,440 | -€27,007 | -76.2% |
| Trade debts | 44 | €6,814 | - | -€6,814 | |
| Suppliers | 440/4 | €6,814 | - | -€6,814 | |
| Taxes, remuneration and social security | 45 | €2,474 | €6,167 | +€3,693 | +149% |
| Taxes | 450/3 | €2,474 | €6,167 | +€3,693 | +149% |
| Other amounts payable | 47/48 | €26,160 | €2,274 | -€23,886 | -91.3% |
| Accrued charges and deferred income | 492/3 | €1,674 | - | -€1,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,959 | €1,199 | -€760 | -38.8% |
| Other operating charges | 640/8 | €411 | €1,526 | +€1,115 | +272% |
| Gross operating margin | 9900 | €6,306 | €9,859 | +€3,553 | +56.3% |
| Operating profit (loss) | 9901 | €3,937 | €7,135 | +€3,197 | +81.2% |
| Financial income | 75/76B | €52 | - | -€52 | |
| Recurring financial income | 75 | €52 | - | -€52 | |
| Financial charges | 65/66B | €444 | €367 | -€77 | -17.3% |
| Recurring financial charges | 65 | €444 | €367 | -€77 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €3,545 | €6,767 | +€3,222 | +90.9% |
| Income taxes | 67/77 | €1,074 | €1,876 | +€802 | +74.7% |
| Profit (loss) for the period | 9904 | €2,472 | €4,892 | +€2,420 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,472 | €4,892 | +€2,420 | +97.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.