ABOVE: 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.
ABOVE
Largest movements
- Current investments +€179,070
up €179,070 (+161.3%), from €111,045 to €290,115
- Cash +€125,768
up €125,768 (+118.7%), from €105,941 to €231,709
mainly Net result for the year (+€295,680) and Tax, wage and social debts (+€69,077)
- Receivables within one year +€31,801
up €31,801 (+52.0%), from €61,206 to €93,007
- Tangible fixed assets +€24,993
up €24,993 (+88.3%), from €28,301 to €53,294
of which Furniture and vehicles: +€25,798
- Reserves +€300,000
up €300,000 (+150.0%), from €200,000 to €500,000
- Tax, wage and social debts +€69,077
up €69,077 (+76.8%), from €89,960 to €159,036
- Gross operating margin +€219,105
up €219,105 (+112.0%), from €195,715 to €414,820
- Taxes +€49,513
up €49,513 (+111.1%), from €44,568 to €94,081
- Financial charges +€13,973
up €13,973 (+25382.9%), from €55 to €14,028
- Financial income +€5,452
up €5,452 (+550.2%), from €991 to €6,443
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 | €306,493 | €669,924 | +€363,431 | +118.6% |
| Fixed assets | 21/28 | €28,301 | €53,294 | +€24,993 | +88.3% |
| Tangible fixed assets | 22/27 | €28,301 | €53,294 | +€24,993 | +88.3% |
| Land and buildings | 22 | €3,741 | €2,936 | -€805 | -21.5% |
| Furniture and vehicles | 24 | €24,560 | €50,358 | +€25,798 | +105.0% |
| Current assets | 29/58 | €278,192 | €616,631 | +€338,438 | +121.7% |
| Stocks and contracts in progress | 3 | - | €1,800 | +€1,800 | |
| Stocks | 30/36 | - | €1,800 | +€1,800 | |
| Amounts receivable within one year | 40/41 | €61,206 | €93,007 | +€31,801 | +52.0% |
| Trade receivables | 40 | €61,206 | €93,007 | +€31,801 | +52.0% |
| Current investments | 50/53 | €111,045 | €290,115 | +€179,070 | +161.3% |
| Cash at bank and in hand | 54/58 | €105,941 | €231,709 | +€125,768 | +118.7% |
| Total equity and liabilities | 10/49 | €306,493 | €669,924 | +€363,431 | +118.6% |
| Equity | 10/15 | €214,290 | €509,111 | +€294,821 | +137.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €500,000 | +€300,000 | +150.0% |
| Distributable reserves | 133 | €200,000 | €500,000 | +€300,000 | +150.0% |
| Profit (loss) carried forward | 14 | €12,290 | €7,111 | -€5,179 | -42.1% |
| Amounts payable | 17/49 | €92,204 | €160,813 | +€68,610 | +74.4% |
| Amounts payable within one year | 42/48 | €92,204 | €160,813 | +€68,610 | +74.4% |
| Trade debts | 44 | €2,244 | €1,756 | -€488 | -21.7% |
| Suppliers | 440/4 | €2,244 | €1,756 | -€488 | -21.7% |
| Taxes, remuneration and social security | 45 | €89,960 | €159,036 | +€69,077 | +76.8% |
| Taxes | 450/3 | €89,960 | €159,036 | +€69,077 | +76.8% |
| Other amounts payable | 47/48 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,067 | €16,065 | +€3,998 | +33.1% |
| Other operating charges | 640/8 | €2,156 | €1,408 | -€748 | -34.7% |
| Gross operating margin | 9900 | €195,715 | €414,820 | +€219,105 | +112.0% |
| Operating profit (loss) | 9901 | €181,492 | €397,346 | +€215,854 | +118.9% |
| Financial income | 75/76B | €991 | €6,443 | +€5,452 | +550.2% |
| Recurring financial income | 75 | €991 | €6,443 | +€5,452 | +550.2% |
| Financial charges | 65/66B | €55 | €14,028 | +€13,973 | +25382.9% |
| Recurring financial charges | 65 | €55 | €14,028 | +€13,973 | +25382.9% |
| Profit (loss) for the period before taxes | 9903 | €182,428 | €389,761 | +€207,333 | +113.7% |
| Income taxes | 67/77 | €44,568 | €94,081 | +€49,513 | +111.1% |
| Profit (loss) for the period | 9904 | €137,860 | €295,680 | +€157,820 | +114.5% |
| Profit (loss) for the period to be appropriated | 9905 | €137,860 | €295,680 | +€157,820 | +114.5% |
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.