A-y: what changed
Two fiscal 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-y
Largest movements
- Cash +€10,685
up €10,685 (+555.1%), from €1,925 to €12,610
mainly Net result for the year (+€23,316) and Short-term financial debts (+€6,500)
- Reserves +€23,316
up €23,316 (+8.7%), from €266,716 to €290,032
- Other debts -€11,756
down €11,756 (-9.9%), from €119,175 to €107,418
- Short-term financial debts +€6,500
new in 2025: €6,500
- Accrued charges and deferred income -€5,929
down €5,929 (-43.3%), from €13,685 to €7,756
- Financial income -€62,500
down €62,500 (-100.0%), from €62,500 to €0
- Gross operating margin +€19,075
up €19,075 (+92.1%), from €20,706 to €39,781
- Taxes +€5,638
up €5,638 (+228.5%), from €2,467 to €8,105
- Financial charges +€3,399
up €3,399 (+77.0%), from €4,417 to €7,816
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 | €408,347 | €418,139 | +€9,792 | +2.4% |
| Fixed assets | 21/28 | €400,000 | €400,000 | = | 0.0% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €8,347 | €18,139 | +€9,792 | +117.3% |
| Amounts receivable within one year | 40/41 | €1,422 | €528 | -€894 | -62.8% |
| Other amounts receivable | 41 | €1,422 | €528 | -€894 | -62.8% |
| Cash at bank and in hand | 54/58 | €1,925 | €12,610 | +€10,685 | +555.1% |
| Deferred charges and accrued income | 490/1 | €5,000 | €5,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €408,347 | €418,139 | +€9,792 | +2.4% |
| Equity | 10/15 | €272,917 | €296,233 | +€23,316 | +8.5% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €266,716 | €290,032 | +€23,316 | +8.7% |
| Distributable reserves | 133 | €266,716 | €290,032 | +€23,316 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,430 | €121,905 | -€13,524 | -10.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €121,744 | €114,149 | -€7,595 | -6.2% |
| Financial debts | 43 | - | €6,500 | +€6,500 | |
| Credit institutions | 430/8 | - | €6,500 | +€6,500 | |
| Trade debts | 44 | €2,570 | €231 | -€2,339 | -91.0% |
| Suppliers | 440/4 | €2,570 | €231 | -€2,339 | -91.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €119,175 | €107,418 | -€11,756 | -9.9% |
| Accrued charges and deferred income | 492/3 | €13,685 | €7,756 | -€5,929 | -43.3% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €20,706 | €39,781 | +€19,075 | +92.1% |
| Operating profit (loss) | 9901 | €20,178 | €39,237 | +€19,059 | +94.5% |
| Financial income | 75/76B | €62,500 | €0 | -€62,500 | -100.0% |
| Recurring financial income | 75 | €62,500 | €0 | -€62,500 | -100.0% |
| Financial charges | 65/66B | €4,417 | €7,816 | +€3,399 | +77.0% |
| Recurring financial charges | 65 | €4,417 | €7,816 | +€3,399 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | €78,261 | €31,421 | -€46,840 | -59.9% |
| Income taxes | 67/77 | €2,467 | €8,105 | +€5,638 | +228.5% |
| Profit (loss) for the period | 9904 | €75,794 | €23,316 | -€52,478 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,794 | €23,316 | -€52,478 | -69.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.