A Light Balance: 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 Light Balance
Largest movements
- Receivables within one year +€71,862
up €71,862 (+189%), from €38,027 to €109,888
of which Trade receivables: +€59,836
- Cash -€10,720
down €10,720 (-20.2%), from €52,977 to €42,257
mainly Contributions, distributions and other (-€168,901) and Receivables within one year (-€71,862)
- Tangible fixed assets +€7,323
up €7,323 (+288%), from €2,542 to €9,864
of which Furniture and vehicles: +€7,879
- Other debts +€135,151
new in 2025: €135,151
- Reserves -€82,000
down €82,000 (-99.0%), from €82,860 to €860
- Trade debts +€14,815
up €14,815 (+4,555%), from €325 to €15,140
- Gross operating margin +€63,685
up €63,685 (+126%), from €50,479 to €114,164
- Taxes +€14,570
up €14,570 (+157%), from €9,256 to €23,826
- Other operating charges -€1,249
down €1,249 (-46.6%), from €2,681 to €1,432
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 | €96,414 | €164,878 | +€68,464 | +71.0% |
| Fixed assets | 21/28 | €2,542 | €9,864 | +€7,323 | +288% |
| Tangible fixed assets | 22/27 | €2,542 | €9,864 | +€7,323 | +288% |
| Plant, machinery and equipment | 23 | €1,986 | €1,430 | -€556 | -28.0% |
| Furniture and vehicles | 24 | €556 | €8,435 | +€7,879 | +1,417% |
| Current assets | 29/58 | €93,873 | €155,014 | +€61,141 | +65.1% |
| Stocks and contracts in progress | 3 | €2,869 | €2,869 | = | 0.0% |
| Stocks | 30/36 | €2,869 | €2,869 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,027 | €109,888 | +€71,862 | +189% |
| Trade receivables | 40 | €37,351 | €97,187 | +€59,836 | +160% |
| Other amounts receivable | 41 | €675 | €12,701 | +€12,026 | +1,780% |
| Cash at bank and in hand | 54/58 | €52,977 | €42,257 | -€10,720 | -20.2% |
| Total equity and liabilities | 10/49 | €96,414 | €164,878 | +€68,464 | +71.0% |
| Equity | 10/15 | €87,860 | €5,860 | -€82,000 | -93.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,860 | €860 | -€82,000 | -99.0% |
| Distributable reserves | 133 | €82,860 | €860 | -€82,000 | -99.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,554 | €159,018 | +€150,464 | +1,759% |
| Amounts payable within one year | 42/48 | €8,554 | €159,018 | +€150,464 | +1,759% |
| Financial debts | 43 | €168 | €0 | -€168 | -100% |
| Credit institutions | 430/8 | €168 | €0 | -€168 | -100% |
| Trade debts | 44 | €325 | €15,140 | +€14,815 | +4,555% |
| Suppliers | 440/4 | €325 | €15,140 | +€14,815 | +4,555% |
| Taxes, remuneration and social security | 45 | €8,061 | €8,727 | +€666 | +8.3% |
| Taxes | 450/3 | €8,061 | €8,727 | +€666 | +8.3% |
| Other amounts payable | 47/48 | - | €135,151 | +€135,151 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €1,779 | +€1,023 | +135% |
| Other operating charges | 640/8 | €2,681 | €1,432 | -€1,249 | -46.6% |
| Gross operating margin | 9900 | €50,479 | €114,164 | +€63,685 | +126% |
| Operating profit (loss) | 9901 | €47,042 | €110,953 | +€63,911 | +136% |
| Financial income | 75/76B | €59 | €110 | +€51 | +86.1% |
| Recurring financial income | 75 | €59 | €110 | +€51 | +86.1% |
| Financial charges | 65/66B | €1,016 | €336 | -€680 | -67.0% |
| Recurring financial charges | 65 | €1,016 | €336 | -€680 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €46,086 | €110,727 | +€64,641 | +140% |
| Income taxes | 67/77 | €9,256 | €23,826 | +€14,570 | +157% |
| Profit (loss) for the period | 9904 | €36,830 | €86,901 | +€50,071 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €36,830 | €86,901 | +€50,071 | +136% |
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 18 October 2026 via checked.be.