A-kant: 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.
A-kant
Largest movements
- Current investments -€87,952
down €87,952 (-84.3%), from €104,279 to €16,327
- Tangible fixed assets -€5,658
down €5,658 (-26.4%), from €21,429 to €15,771
- Receivables within one year +€4,478
up €4,478 (+56.6%), from €7,909 to €12,388
of which Trade receivables: +€4,523
- Cash -€3,053
down €3,053 (-4.6%), from €65,918 to €62,864
mainly Other debts (-€97,613) and Contributions, distributions and other (-€58,824)
- Other debts -€97,613
down €97,613 (-97.1%), from €100,491 to €2,878
- Tax, wage and social debts +€4,241
up €4,241 (+59.5%), from €7,126 to €11,366
- Gross operating margin +€13,181
up €13,181 (+18.0%), from €73,148 to €86,328
- Taxes +€3,219
up €3,219 (+22.2%), from €14,469 to €17,688
- Depreciation +€1,386
up €1,386 (+32.5%), from €4,272 to €5,658
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 | €203,825 | €110,561 | -€93,264 | -45.8% |
| Fixed assets | 21/28 | €21,429 | €15,771 | -€5,658 | -26.4% |
| Tangible fixed assets | 22/27 | €21,429 | €15,771 | -€5,658 | -26.4% |
| Furniture and vehicles | 24 | €21,429 | €15,771 | -€5,658 | -26.4% |
| Current assets | 29/58 | €182,396 | €94,790 | -€87,606 | -48.0% |
| Amounts receivable within one year | 40/41 | €7,909 | €12,388 | +€4,478 | +56.6% |
| Trade receivables | 40 | €7,865 | €12,388 | +€4,523 | +57.5% |
| Other amounts receivable | 41 | €44 | - | -€44 | |
| Current investments | 50/53 | €104,279 | €16,327 | -€87,952 | -84.3% |
| Cash at bank and in hand | 54/58 | €65,918 | €62,864 | -€3,053 | -4.6% |
| Deferred charges and accrued income | 490/1 | €4,290 | €3,211 | -€1,079 | -25.2% |
| Total equity and liabilities | 10/49 | €203,825 | €110,561 | -€93,264 | -45.8% |
| Equity | 10/15 | €94,538 | €94,565 | +€28 | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €94,438 | €94,465 | +€28 | 0.0% |
| Distributable reserves | 133 | €94,438 | €94,465 | +€28 | 0.0% |
| Amounts payable | 17/49 | €109,287 | €15,995 | -€93,292 | -85.4% |
| Amounts payable within one year | 42/48 | €108,579 | €15,829 | -€92,751 | -85.4% |
| Trade debts | 44 | €963 | €1,584 | +€622 | +64.6% |
| Suppliers | 440/4 | €963 | €1,584 | +€622 | +64.6% |
| Taxes, remuneration and social security | 45 | €7,126 | €11,366 | +€4,241 | +59.5% |
| Taxes | 450/3 | €7,126 | €11,366 | +€4,241 | +59.5% |
| Other amounts payable | 47/48 | €100,491 | €2,878 | -€97,613 | -97.1% |
| Accrued charges and deferred income | 492/3 | €708 | €167 | -€541 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,272 | €5,658 | +€1,386 | +32.5% |
| Other operating charges | 640/8 | €2,555 | €3,129 | +€575 | +22.5% |
| Gross operating margin | 9900 | €73,148 | €86,328 | +€13,181 | +18.0% |
| Operating profit (loss) | 9901 | €66,321 | €77,541 | +€11,220 | +16.9% |
| Financial income | 75/76B | €139 | €448 | +€309 | +222% |
| Recurring financial income | 75 | €139 | €448 | +€309 | +222% |
| Financial charges | 65/66B | €2,056 | €1,450 | -€606 | -29.5% |
| Recurring financial charges | 65 | €2,056 | €1,450 | -€606 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €64,405 | €76,539 | +€12,135 | +18.8% |
| Income taxes | 67/77 | €14,469 | €17,688 | +€3,219 | +22.2% |
| Profit (loss) for the period | 9904 | €49,936 | €58,851 | +€8,916 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,936 | €58,851 | +€8,916 | +17.9% |
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 15 October 2026 via checked.be.