ACCOUNT PLUS: 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.
ACCOUNT PLUS
Largest movements
- Intangible fixed assets -€77,039
down €77,039 (-50.0%), from €154,078 to €77,039
- Cash +€55,524
up €55,524 (+61.3%), from €90,562 to €146,085
mainly Depreciation (+€90,152) and Net result for the year (+€83,273)
- Tangible fixed assets -€13,113
down €13,113 (-45.3%), from €28,931 to €15,818
of which Furniture and vehicles: -€10,996
- Receivables within one year -€12,371
down €12,371 (-4.9%), from €253,947 to €241,576
of which Other amounts receivable: -€27,980
- Financial fixed assets -€8,400
down €8,400 (-99.3%), from €8,463 to €63
- Short-term financial debts -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Trade debts +€39,142
up €39,142, from €0 to €39,142
- Tax, wage and social debts +€26,123
up €26,123 (+82.3%), from €31,757 to €57,880
of which Taxes: +€25,788
- Reserves -€16,727
down €16,727 (-6.2%), from €269,695 to €252,968
of which Tax-exempt reserves: -€105,670
- Accrued charges and deferred income +€16,292
up €16,292 (+43468.0%), from €37 to €16,329
- Gross operating margin -€54,343
down €54,343 (-13.2%), from €412,440 to €358,097
- Financial charges -€20,512
down €20,512 (-64.0%), from €32,058 to €11,546
- Taxes -€17,084
down €17,084 (-98.9%), from €17,283 to €198
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 | €540,738 | €485,303 | -€55,435 | -10.3% |
| Fixed assets | 21/28 | €191,472 | €92,920 | -€98,552 | -51.5% |
| Intangible fixed assets | 21 | €154,078 | €77,039 | -€77,039 | -50.0% |
| Tangible fixed assets | 22/27 | €28,931 | €15,818 | -€13,113 | -45.3% |
| Plant, machinery and equipment | 23 | €5,293 | €3,176 | -€2,117 | -40.0% |
| Furniture and vehicles | 24 | €23,638 | €12,641 | -€10,996 | -46.5% |
| Financial fixed assets | 28 | €8,463 | €63 | -€8,400 | -99.3% |
| Current assets | 29/58 | €349,266 | €392,383 | +€43,117 | +12.3% |
| Stocks and contracts in progress | 3 | €3,750 | €0 | -€3,750 | -100.0% |
| Stocks | 30/36 | €3,750 | €0 | -€3,750 | -100.0% |
| Amounts receivable within one year | 40/41 | €253,947 | €241,576 | -€12,371 | -4.9% |
| Trade receivables | 40 | €225,765 | €241,374 | +€15,609 | +6.9% |
| Other amounts receivable | 41 | €28,182 | €202 | -€27,980 | -99.3% |
| Cash at bank and in hand | 54/58 | €90,562 | €146,085 | +€55,524 | +61.3% |
| Deferred charges and accrued income | 490/1 | €1,007 | €4,721 | +€3,714 | +368.7% |
| Total equity and liabilities | 10/49 | €540,738 | €485,303 | -€55,435 | -10.3% |
| Equity | 10/15 | €290,024 | €271,568 | -€18,456 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,695 | €252,968 | -€16,727 | -6.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €223,240 | €117,570 | -€105,670 | -47.3% |
| Distributable reserves | 133 | €46,455 | €135,398 | +€88,943 | +191.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €1,729 | €0 | -€1,729 | -100.0% |
| Amounts payable | 17/49 | €250,714 | €213,735 | -€36,980 | -14.7% |
| Amounts payable within one year | 42/48 | €250,677 | €197,405 | -€53,271 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100.0% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100.0% |
| Trade debts | 44 | €0 | €39,142 | +€39,142 | |
| Suppliers | 440/4 | €0 | €39,142 | +€39,142 | |
| Taxes, remuneration and social security | 45 | €31,757 | €57,880 | +€26,123 | +82.3% |
| Taxes | 450/3 | €9,314 | €35,102 | +€25,788 | +276.9% |
| Remuneration and social security | 454/9 | €22,443 | €22,778 | +€334 | +1.5% |
| Other amounts payable | 47/48 | €93,920 | €100,384 | +€6,464 | +6.9% |
| Accrued charges and deferred income | 492/3 | €37 | €16,329 | +€16,292 | +43468.0% |
| Remuneration, social security and pensions | 62 | €147,194 | €145,870 | -€1,324 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,873 | €90,152 | -€1,721 | -1.9% |
| Other operating charges | 640/8 | €1,498 | €1,944 | +€446 | +29.8% |
| Non-recurring operating charges | 66A | - | €29,009 | +€29,009 | |
| Gross operating margin | 9900 | €412,440 | €358,097 | -€54,343 | -13.2% |
| Operating profit (loss) | 9901 | €171,875 | €91,122 | -€80,753 | -47.0% |
| Financial income | 75/76B | €2,696 | €3,895 | +€1,199 | +44.5% |
| Recurring financial income | 75 | €2,696 | €3,895 | +€1,199 | +44.5% |
| Financial charges | 65/66B | €32,058 | €11,546 | -€20,512 | -64.0% |
| Recurring financial charges | 65 | €32,058 | €11,546 | -€20,512 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €142,513 | €83,471 | -€59,042 | -41.4% |
| Income taxes | 67/77 | €17,283 | €198 | -€17,084 | -98.9% |
| Profit (loss) for the period | 9904 | €125,230 | €83,273 | -€41,957 | -33.5% |
| Transfer from tax-exempt reserves | 789 | €67,360 | €105,670 | +€38,310 | +56.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €192,590 | €188,943 | -€3,647 | -1.9% |
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 11 October 2026 via checked.be.