6.3 DESIGN: 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.
6.3 DESIGN
Largest movements
- Tangible fixed assets +€7,221
up €7,221 (+439%), from €1,645 to €8,867
- Cash -€6,364
down €6,364 (-49.5%), from €12,867 to €6,503
mainly Investment in fixed assets (net) (-€9,391) and Receivables within one year (-€5,259)
- Receivables within one year +€5,259
up €5,259 (+398%), from €1,322 to €6,581
of which Trade receivables: +€3,198
- Stocks and contracts +€2,707
up €2,707 (+44.0%), from €6,148 to €8,855
- Profit (loss) carried forward +€7,975
up €7,975 (+12,946%), from €62 to €8,036
- Tax, wage and social debts +€3,418
up €3,418 (+761%), from €449 to €3,867
- Trade debts -€2,637
down €2,637 (-76.0%), from €3,472 to €835
- Gross operating margin +€9,802
up €9,802 (+325%), from €3,019 to €12,821
- Taxes +€1,943
up €1,943 (+12,618%), from €15 to €1,959
- Depreciation +€1,460
up €1,460 (+206%), from €710 to €2,170
- Financial charges +€381
up €381 (+237%), from €161 to €542
- Other operating charges +€193
up €193 (+606%), from €32 to €225
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 | €21,983 | €30,807 | +€8,824 | +40.1% |
| Fixed assets | 21/28 | €1,645 | €8,867 | +€7,221 | +439% |
| Tangible fixed assets | 22/27 | €1,645 | €8,867 | +€7,221 | +439% |
| Plant, machinery and equipment | 23 | €1,645 | €8,867 | +€7,221 | +439% |
| Current assets | 29/58 | €20,337 | €21,940 | +€1,602 | +7.9% |
| Stocks and contracts in progress | 3 | €6,148 | €8,855 | +€2,707 | +44.0% |
| Stocks | 30/36 | €6,148 | €8,855 | +€2,707 | +44.0% |
| Amounts receivable within one year | 40/41 | €1,322 | €6,581 | +€5,259 | +398% |
| Trade receivables | 40 | €1,322 | €4,520 | +€3,198 | +242% |
| Other amounts receivable | 41 | €0 | €2,061 | +€2,061 | |
| Cash at bank and in hand | 54/58 | €12,867 | €6,503 | -€6,364 | -49.5% |
| Total equity and liabilities | 10/49 | €21,983 | €30,807 | +€8,824 | +40.1% |
| Equity | 10/15 | €18,062 | €26,036 | +€7,975 | +44.2% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62 | €8,036 | +€7,975 | +12,946% |
| Amounts payable | 17/49 | €3,921 | €4,771 | +€849 | +21.7% |
| Amounts payable within one year | 42/48 | €3,921 | €4,771 | +€849 | +21.7% |
| Financial debts | 43 | - | €68 | +€68 | |
| Credit institutions | 430/8 | - | €68 | +€68 | |
| Trade debts | 44 | €3,472 | €835 | -€2,637 | -76.0% |
| Suppliers | 440/4 | €3,472 | €835 | -€2,637 | -76.0% |
| Taxes, remuneration and social security | 45 | €449 | €3,867 | +€3,418 | +761% |
| Taxes | 450/3 | €449 | €3,867 | +€3,418 | +761% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €2,170 | +€1,460 | +206% |
| Other operating charges | 640/8 | €32 | €225 | +€193 | +606% |
| Gross operating margin | 9900 | €3,019 | €12,821 | +€9,802 | +325% |
| Operating profit (loss) | 9901 | €2,277 | €10,426 | +€8,149 | +358% |
| Financial income | 75/76B | €36 | €49 | +€13 | +35.3% |
| Recurring financial income | 75 | €36 | €49 | +€13 | +35.3% |
| Financial charges | 65/66B | €161 | €542 | +€381 | +237% |
| Recurring financial charges | 65 | €161 | €542 | +€381 | +237% |
| Profit (loss) for the period before taxes | 9903 | €2,152 | €9,933 | +€7,781 | +361% |
| Income taxes | 67/77 | €15 | €1,959 | +€1,943 | +12,618% |
| Profit (loss) for the period | 9904 | €2,137 | €7,975 | +€5,837 | +273% |
| Profit (loss) for the period to be appropriated | 9905 | €2,137 | €7,975 | +€5,837 | +273% |
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 13 October 2026 via checked.be.