58North: 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.
58North
Largest movements
- Receivables within one year +€29,045
up €29,045 (+66.2%), from €43,857 to €72,902
of which Other amounts receivable: +€22,078
- Cash -€18,779
down €18,779 (-51.6%), from €36,426 to €17,647
mainly Receivables within one year (-€29,045) and Trade debts (-€12,696)
- Profit (loss) carried forward +€14,392
up €14,392 (+116.7%), from €12,335 to €26,726
- Trade debts -€12,696
down €12,696 (-28.4%), from €44,738 to €32,042
- Accrued charges and deferred income +€9,409
up €9,409, from €0 to €9,409
- Tax, wage and social debts -€1,055
down €1,055 (-14.3%), from €7,393 to €6,338
- Gross operating margin +€3,412
up €3,412 (+23.2%), from €14,717 to €18,128
- Taxes +€2,625
up €2,625 (+258.6%), from €1,015 to €3,640
- Other operating charges -€772
down €772 (-100.0%), from €772 to €0
- Financial income +€469
up €469 (+514.3%), from €91 to €560
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 | €83,451 | €93,501 | +€10,050 | +12.0% |
| Fixed assets | 21/28 | €2,988 | €2,590 | -€399 | -13.3% |
| Tangible fixed assets | 22/27 | €738 | €340 | -€399 | -54.0% |
| Furniture and vehicles | 24 | €738 | €340 | -€399 | -54.0% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €80,463 | €90,911 | +€10,448 | +13.0% |
| Amounts receivable within one year | 40/41 | €43,857 | €72,902 | +€29,045 | +66.2% |
| Trade receivables | 40 | €38,657 | €45,624 | +€6,967 | +18.0% |
| Other amounts receivable | 41 | €5,200 | €27,278 | +€22,078 | +424.6% |
| Cash at bank and in hand | 54/58 | €36,426 | €17,647 | -€18,779 | -51.6% |
| Deferred charges and accrued income | 490/1 | €180 | €362 | +€182 | +101.3% |
| Total equity and liabilities | 10/49 | €83,451 | €93,501 | +€10,050 | +12.0% |
| Equity | 10/15 | €31,320 | €45,712 | +€14,392 | +46.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,985 | €16,985 | = | 0.0% |
| Distributable reserves | 133 | €16,985 | €16,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,335 | €26,726 | +€14,392 | +116.7% |
| Amounts payable | 17/49 | €52,131 | €47,789 | -€4,342 | -8.3% |
| Amounts payable within one year | 42/48 | €52,131 | €38,380 | -€13,751 | -26.4% |
| Trade debts | 44 | €44,738 | €32,042 | -€12,696 | -28.4% |
| Suppliers | 440/4 | €44,738 | €32,042 | -€12,696 | -28.4% |
| Taxes, remuneration and social security | 45 | €7,393 | €6,338 | -€1,055 | -14.3% |
| Taxes | 450/3 | €7,393 | €6,338 | -€1,055 | -14.3% |
| Accrued charges and deferred income | 492/3 | €0 | €9,409 | +€9,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €399 | = | 0.0% |
| Other operating charges | 640/8 | €772 | €0 | -€772 | -100.0% |
| Gross operating margin | 9900 | €14,717 | €18,128 | +€3,412 | +23.2% |
| Operating profit (loss) | 9901 | €13,546 | €17,730 | +€4,183 | +30.9% |
| Financial income | 75/76B | €91 | €560 | +€469 | +514.3% |
| Recurring financial income | 75 | €91 | €560 | +€469 | +514.3% |
| Financial charges | 65/66B | €288 | €259 | -€29 | -10.1% |
| Recurring financial charges | 65 | €288 | €259 | -€29 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €13,350 | €18,031 | +€4,682 | +35.1% |
| Income taxes | 67/77 | €1,015 | €3,640 | +€2,625 | +258.6% |
| Profit (loss) for the period | 9904 | €12,335 | €14,392 | +€2,057 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,335 | €14,392 | +€2,057 | +16.7% |
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 12 October 2026 via checked.be.