834-MGMT: 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.
834-MGMT
Largest movements
- Cash +€26,791
up €26,791 (+38.0%), from €70,519 to €97,310
mainly Receivables within one year (+€15,368) and Net result for the year (+€8,029)
- Receivables within one year -€15,368
down €15,368 (-63.8%), from €24,082 to €8,714
of which Trade receivables: -€7,690
- Tangible fixed assets -€2,493
down €2,493 (-71.4%), from €3,490 to €997
of which Furniture and vehicles: -€1,840
- Profit (loss) carried forward +€8,029
up €8,029 (+37.9%), from -€21,182 to -€13,153
- Gross operating margin +€19,835
up €19,835, from -€8,829 to €11,006
- Depreciation -€439
down €439 (-15.0%), from €2,932 to €2,493
- Financial income +€141
up €141 (+160%), from €88 to €229
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 | €98,091 | €107,271 | +€9,180 | +9.4% |
| Fixed assets | 21/28 | €3,490 | €1,247 | -€2,243 | -64.3% |
| Tangible fixed assets | 22/27 | €3,490 | €997 | -€2,493 | -71.4% |
| Plant, machinery and equipment | 23 | €1,190 | €537 | -€653 | -54.9% |
| Furniture and vehicles | 24 | €2,300 | €460 | -€1,840 | -80.0% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €94,601 | €106,024 | +€11,423 | +12.1% |
| Amounts receivable within one year | 40/41 | €24,082 | €8,714 | -€15,368 | -63.8% |
| Trade receivables | 40 | €16,335 | €8,645 | -€7,690 | -47.1% |
| Other amounts receivable | 41 | €7,747 | €69 | -€7,678 | -99.1% |
| Cash at bank and in hand | 54/58 | €70,519 | €97,310 | +€26,791 | +38.0% |
| Total equity and liabilities | 10/49 | €98,091 | €107,271 | +€9,180 | +9.4% |
| Equity | 10/15 | €92,864 | €100,893 | +€8,029 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,446 | €95,446 | = | 0.0% |
| Non-distributable reserves | 130/1 | €95,446 | €95,446 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €93,586 | €93,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,182 | -€13,153 | +€8,029 | +37.9% |
| Amounts payable | 17/49 | €5,227 | €6,378 | +€1,151 | +22.0% |
| Amounts payable within one year | 42/48 | €5,227 | €6,378 | +€1,151 | +22.0% |
| Trade debts | 44 | €52 | €338 | +€286 | +550% |
| Suppliers | 440/4 | €52 | €338 | +€286 | +550% |
| Taxes, remuneration and social security | 45 | €3,655 | €4,085 | +€430 | +11.8% |
| Taxes | 450/3 | €3,655 | €4,085 | +€430 | +11.8% |
| Other amounts payable | 47/48 | €1,520 | €1,955 | +€435 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,932 | €2,493 | -€439 | -15.0% |
| Other operating charges | 640/8 | €387 | €401 | +€14 | +3.6% |
| Gross operating margin | 9900 | -€8,829 | €11,006 | +€19,835 | |
| Operating profit (loss) | 9901 | -€12,148 | €8,112 | +€20,260 | |
| Financial income | 75/76B | €88 | €229 | +€141 | +160% |
| Recurring financial income | 75 | €88 | €229 | +€141 | +160% |
| Financial charges | 65/66B | €117 | €100 | -€17 | -14.5% |
| Recurring financial charges | 65 | €117 | €100 | -€17 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,177 | €8,241 | +€20,418 | |
| Income taxes | 67/77 | €253 | €212 | -€41 | -16.2% |
| Profit (loss) for the period | 9904 | -€12,430 | €8,029 | +€20,459 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,430 | €8,029 | +€20,459 |
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 16 October 2026 via checked.be.