ACCESS DENIED: 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.
ACCESS DENIED
Largest movements
- Cash +€32,026
up €32,026 (+10.9%), from €293,193 to €325,219
mainly Net result for the year (+€19,539) and Tax, wage and social debts (+€13,688)
- Reserves +€19,539
up €19,539 (+8.7%), from €225,140 to €244,679
- Tax, wage and social debts +€13,688
up €13,688 (+77.6%), from €17,645 to €31,333
of which Taxes: +€10,721
- Gross operating margin -€45,110
down €45,110 (-57.4%), from €78,616 to €33,506
- Taxes -€14,674
down €14,674 (-64.8%), from €22,645 to €7,971
- Financial income -€3,627
down €3,627 (-100.0%), from €3,627 to €0
of which Non-recurring financial income: -€3,620
- Financial charges +€1,093
up €1,093 (+90.3%), from €1,211 to €2,303
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 | €311,712 | €346,574 | +€34,861 | +11.2% |
| Fixed assets | 21/28 | €4,540 | €5,790 | +€1,250 | +27.5% |
| Tangible fixed assets | 22/27 | €4,540 | €5,790 | +€1,250 | +27.5% |
| Plant, machinery and equipment | 23 | €3,666 | €4,076 | +€410 | +11.2% |
| Furniture and vehicles | 24 | €874 | €1,714 | +€840 | +96.0% |
| Current assets | 29/58 | €307,172 | €340,784 | +€33,611 | +10.9% |
| Amounts receivable within one year | 40/41 | €12,091 | €13,885 | +€1,794 | +14.8% |
| Trade receivables | 40 | €11,980 | €13,885 | +€1,905 | +15.9% |
| Other amounts receivable | 41 | €111 | - | -€111 | |
| Cash at bank and in hand | 54/58 | €293,193 | €325,219 | +€32,026 | +10.9% |
| Deferred charges and accrued income | 490/1 | €1,889 | €1,680 | -€209 | -11.1% |
| Total equity and liabilities | 10/49 | €311,712 | €346,574 | +€34,861 | +11.2% |
| Equity | 10/15 | €243,690 | €263,229 | +€19,539 | +8.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €225,140 | €244,679 | +€19,539 | +8.7% |
| Distributable reserves | 133 | €225,140 | €244,679 | +€19,539 | +8.7% |
| Amounts payable | 17/49 | €68,022 | €83,345 | +€15,323 | +22.5% |
| Amounts payable within one year | 42/48 | €68,022 | €83,345 | +€15,323 | +22.5% |
| Trade debts | 44 | €1,354 | €1,432 | +€78 | +5.7% |
| Suppliers | 440/4 | €1,354 | €1,432 | +€78 | +5.7% |
| Taxes, remuneration and social security | 45 | €17,645 | €31,333 | +€13,688 | +77.6% |
| Taxes | 450/3 | €17,645 | €28,366 | +€10,721 | +60.8% |
| Remuneration and social security | 454/9 | - | €2,967 | +€2,967 | |
| Other amounts payable | 47/48 | €49,023 | €50,580 | +€1,557 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,295 | €3,063 | +€768 | +33.5% |
| Other operating charges | 640/8 | €540 | €630 | +€89 | +16.5% |
| Gross operating margin | 9900 | €78,616 | €33,506 | -€45,110 | -57.4% |
| Operating profit (loss) | 9901 | €75,781 | €29,813 | -€45,968 | -60.7% |
| Financial income | 75/76B | €3,627 | €0 | -€3,627 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.9% |
| Non-recurring financial income | 76B | €3,620 | - | -€3,620 | |
| Financial charges | 65/66B | €1,211 | €2,303 | +€1,093 | +90.3% |
| Recurring financial charges | 65 | €1,211 | €2,303 | +€1,093 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €78,197 | €27,510 | -€50,687 | -64.8% |
| Income taxes | 67/77 | €22,645 | €7,971 | -€14,674 | -64.8% |
| Profit (loss) for the period | 9904 | €55,552 | €19,539 | -€36,014 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,552 | €19,539 | -€36,014 | -64.8% |
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 22 October 2026 via checked.be.