A314: 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.
A314
Largest movements
- Intangible fixed assets +€157,739
up €157,739 (+354.7%), from €44,476 to €202,215
- Receivables within one year -€9,788
down €9,788 (-28.7%), from €34,051 to €24,264
of which Trade receivables: -€31,897
- Cash -€8,926
down €8,926 (-59.7%), from €14,959 to €6,033
mainly Investment in fixed assets (net) (-€205,910) and Other debts (-€30,000)
- Debts after one year +€65,079
up €65,079 (+149.8%), from €43,451 to €108,530
of which Financial debts: +€48,177
- Tax, wage and social debts +€49,063
up €49,063 (+1633.3%), from €3,004 to €52,067
- Profit (loss) carried forward +€33,520
up €33,520 (+285.2%), from €11,754 to €45,274
- Other debts -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Current portion of long-term debt +€13,244
new in 2025: €13,244
- Gross operating margin +€70,196
up €70,196 (+470.8%), from €14,911 to €85,107
- Depreciation +€48,148
up €48,148 (+197488.7%), from €24 to €48,172
- Other operating charges +€3,063
new in 2025: €3,063
- Taxes -€3,004
down €3,004 (-100.0%), from €3,004 to €0
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 | €93,751 | €232,775 | +€139,024 | +148.3% |
| Fixed assets | 21/28 | €44,741 | €202,479 | +€157,738 | +352.6% |
| Intangible fixed assets | 21 | €44,476 | €202,215 | +€157,739 | +354.7% |
| Financial fixed assets | 28 | €265 | €264 | -€1 | -0.4% |
| Current assets | 29/58 | €49,010 | €30,296 | -€18,714 | -38.2% |
| Amounts receivable within one year | 40/41 | €34,051 | €24,264 | -€9,788 | -28.7% |
| Trade receivables | 40 | €31,897 | €0 | -€31,897 | -100.0% |
| Other amounts receivable | 41 | €2,155 | €24,264 | +€22,109 | +1026.1% |
| Cash at bank and in hand | 54/58 | €14,959 | €6,033 | -€8,926 | -59.7% |
| Total equity and liabilities | 10/49 | €93,751 | €232,775 | +€139,024 | +148.3% |
| Equity | 10/15 | €15,754 | €49,274 | +€33,520 | +212.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,754 | €45,274 | +€33,520 | +285.2% |
| Amounts payable | 17/49 | €77,997 | €183,501 | +€105,504 | +135.3% |
| Amounts payable after more than one year | 17 | €43,451 | €108,530 | +€65,079 | +149.8% |
| Financial debts | 170/4 | - | €48,177 | +€48,177 | |
| Other amounts payable | 178/9 | €43,451 | €60,353 | +€16,902 | +38.9% |
| Amounts payable within one year | 42/48 | €34,546 | €74,971 | +€40,425 | +117.0% |
| Current portion of amounts payable after more than one year | 42 | - | €13,244 | +€13,244 | |
| Trade debts | 44 | €1,542 | €9,660 | +€8,119 | +526.6% |
| Suppliers | 440/4 | €1,542 | €9,660 | +€8,119 | +526.6% |
| Taxes, remuneration and social security | 45 | €3,004 | €52,067 | +€49,063 | +1633.3% |
| Taxes | 450/3 | €3,004 | €52,067 | +€49,063 | +1633.3% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24 | €48,172 | +€48,148 | +197488.7% |
| Other operating charges | 640/8 | - | €3,063 | +€3,063 | |
| Gross operating margin | 9900 | €14,911 | €85,107 | +€70,196 | +470.8% |
| Operating profit (loss) | 9901 | €14,886 | €33,872 | +€18,986 | +127.5% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €130 | €352 | +€222 | +171.4% |
| Recurring financial charges | 65 | €130 | €352 | +€222 | +171.4% |
| Profit (loss) for the period before taxes | 9903 | €14,758 | €33,520 | +€18,762 | +127.1% |
| Income taxes | 67/77 | €3,004 | €0 | -€3,004 | -100.0% |
| Profit (loss) for the period | 9904 | €11,754 | €33,520 | +€21,766 | +185.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,754 | €33,520 | +€21,766 | +185.2% |
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 5 October 2026 via checked.be.