A5: 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.
A5
Largest movements
- Receivables within one year +€21,339
up €21,339 (+624.5%), from €3,417 to €24,757
of which Trade receivables: +€21,339
- Profit (loss) carried forward +€18,305
up €18,305 (+739.2%), from €2,476 to €20,781
- Tax, wage and social debts +€10,946
up €10,946 (+513.7%), from €2,131 to €13,077
of which Taxes: +€10,594
- Debts after one year -€10,017
down €10,017 (-11.3%), from €88,470 to €78,453
of which Financial debts: -€10,017
- Gross operating margin +€24,084
up €24,084 (+244.1%), from €9,866 to €33,950
- Taxes +€6,554
up €6,554 (+697.2%), from €940 to €7,494
- Staff costs +€2,976
up €2,976 (+290.6%), from €1,024 to €4,000
- Financial charges -€467
down €467 (-10.1%), from €4,618 to €4,151
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 | €111,107 | €131,397 | +€20,290 | +18.3% |
| Fixed assets | 21/28 | €106,500 | €106,500 | = | 0.0% |
| Financial fixed assets | 28 | €106,500 | €106,500 | = | 0.0% |
| Current assets | 29/58 | €4,607 | €24,897 | +€20,290 | +440.4% |
| Amounts receivable within one year | 40/41 | €3,417 | €24,757 | +€21,339 | +624.5% |
| Trade receivables | 40 | €3,416 | €24,756 | +€21,339 | +624.7% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,190 | €141 | -€1,049 | -88.2% |
| Total equity and liabilities | 10/49 | €111,107 | €131,397 | +€20,290 | +18.3% |
| Equity | 10/15 | €8,476 | €26,781 | +€18,305 | +216.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Other | 1109/19 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,476 | €20,781 | +€18,305 | +739.2% |
| Amounts payable | 17/49 | €102,631 | €104,616 | +€1,985 | +1.9% |
| Amounts payable after more than one year | 17 | €88,470 | €78,453 | -€10,017 | -11.3% |
| Financial debts | 170/4 | €53,470 | €43,453 | -€10,017 | -18.7% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,801 | €25,895 | +€12,094 | +87.6% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,776 | +€776 | +7.8% |
| Trade debts | 44 | €146 | €518 | +€372 | +254.6% |
| Suppliers | 440/4 | €146 | €518 | +€372 | +254.6% |
| Taxes, remuneration and social security | 45 | €2,131 | €13,077 | +€10,946 | +513.7% |
| Taxes | 450/3 | €2,131 | €12,725 | +€10,594 | +497.2% |
| Remuneration and social security | 454/9 | - | €352 | +€352 | |
| Other amounts payable | 47/48 | €1,525 | €1,525 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €360 | €268 | -€92 | -25.5% |
| Remuneration, social security and pensions | 62 | €1,024 | €4,000 | +€2,976 | +290.6% |
| Gross operating margin | 9900 | €9,866 | €33,950 | +€24,084 | +244.1% |
| Operating profit (loss) | 9901 | €8,842 | €29,950 | +€21,108 | +238.7% |
| Financial charges | 65/66B | €4,618 | €4,151 | -€467 | -10.1% |
| Recurring financial charges | 65 | €4,618 | €4,151 | -€467 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €4,224 | €25,799 | +€21,575 | +510.8% |
| Income taxes | 67/77 | €940 | €7,494 | +€6,554 | +697.2% |
| Profit (loss) for the period | 9904 | €3,284 | €18,305 | +€15,021 | +457.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,284 | €18,305 | +€15,021 | +457.4% |
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 1 October 2026 via checked.be.