Accounting for More: 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.
Accounting for More
Largest movements
- Cash +€157,811
up €157,811 (+137%), from €114,879 to €272,690
mainly Net result for the year (+€214,345) and Other debts (+€75,000)
- Tangible fixed assets +€12,893
up €12,893 (+24.0%), from €53,649 to €66,543
of which Furniture and vehicles: +€18,894
- Receivables within one year -€7,695
down €7,695 (-4.3%), from €179,888 to €172,193
of which Other amounts receivable: -€19,720
- Other debts +€75,000
up €75,000 (+75.0%), from €100,000 to €175,000
- Trade debts +€52,057
up €52,057 (+243%), from €21,391 to €73,448
- Reserves +€39,345
up €39,345 (+37.3%), from €105,579 to €144,924
of which Distributable reserves: +€39,345
- Current portion of long-term debt -€5,602
down €5,602 (-17.0%), from €32,974 to €27,372
- Gross operating margin +€45,364
up €45,364 (+8.8%), from €516,220 to €561,584
- Staff costs -€40,064
down €40,064 (-12.7%), from €315,840 to €275,776
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 | €356,736 | €520,912 | +€164,175 | +46.0% |
| Fixed assets | 21/28 | €55,007 | €67,030 | +€12,023 | +21.9% |
| Intangible fixed assets | 21 | €1,278 | €408 | -€870 | -68.1% |
| Tangible fixed assets | 22/27 | €53,649 | €66,543 | +€12,893 | +24.0% |
| Furniture and vehicles | 24 | €14,267 | €33,162 | +€18,894 | +132% |
| Other tangible fixed assets | 26 | €39,382 | €33,381 | -€6,001 | -15.2% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €301,729 | €453,881 | +€152,152 | +50.4% |
| Amounts receivable within one year | 40/41 | €179,888 | €172,193 | -€7,695 | -4.3% |
| Trade receivables | 40 | €90,939 | €102,964 | +€12,025 | +13.2% |
| Other amounts receivable | 41 | €88,949 | €69,228 | -€19,720 | -22.2% |
| Cash at bank and in hand | 54/58 | €114,879 | €272,690 | +€157,811 | +137% |
| Deferred charges and accrued income | 490/1 | €6,962 | €8,998 | +€2,037 | +29.3% |
| Total equity and liabilities | 10/49 | €356,736 | €520,912 | +€164,175 | +46.0% |
| Equity | 10/15 | €117,979 | €157,324 | +€39,345 | +33.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €105,579 | €144,924 | +€39,345 | +37.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,753 | €19,753 | = | 0.0% |
| Distributable reserves | 133 | €83,966 | €123,311 | +€39,345 | +46.9% |
| Amounts payable | 17/49 | €238,757 | €363,588 | +€124,831 | +52.3% |
| Amounts payable after more than one year | 17 | €8,537 | €8,537 | = | 0.0% |
| Financial debts | 170/4 | €8,537 | €8,537 | = | 0.0% |
| Amounts payable within one year | 42/48 | €230,152 | €355,051 | +€124,899 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €32,974 | €27,372 | -€5,602 | -17.0% |
| Trade debts | 44 | €21,391 | €73,448 | +€52,057 | +243% |
| Suppliers | 440/4 | €21,391 | €73,448 | +€52,057 | +243% |
| Taxes, remuneration and social security | 45 | €75,786 | €79,230 | +€3,444 | +4.5% |
| Taxes | 450/3 | €31,225 | €36,965 | +€5,740 | +18.4% |
| Remuneration and social security | 454/9 | €44,561 | €42,265 | -€2,296 | -5.2% |
| Other amounts payable | 47/48 | €100,000 | €175,000 | +€75,000 | +75.0% |
| Accrued charges and deferred income | 492/3 | €69 | - | -€69 | |
| Remuneration, social security and pensions | 62 | €315,840 | €275,776 | -€40,064 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,344 | €13,219 | -€5,125 | -27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,737 | €5,983 | -€1,754 | -22.7% |
| Other operating charges | 640/8 | €387 | €650 | +€262 | +67.7% |
| Gross operating margin | 9900 | €516,220 | €561,584 | +€45,364 | +8.8% |
| Operating profit (loss) | 9901 | €173,912 | €265,957 | +€92,045 | +52.9% |
| Financial income | 75/76B | €3 | €1,006 | +€1,002 | +29,747% |
| Recurring financial income | 75 | €3 | €1,006 | +€1,002 | +29,747% |
| Financial charges | 65/66B | €2,771 | €3,690 | +€920 | +33.2% |
| Recurring financial charges | 65 | €2,771 | €3,690 | +€920 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €171,144 | €263,272 | +€92,128 | +53.8% |
| Income taxes | 67/77 | €45,150 | €48,928 | +€3,778 | +8.4% |
| Profit (loss) for the period | 9904 | €125,994 | €214,345 | +€88,350 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,994 | €214,345 | +€88,350 | +70.1% |
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 29 October 2026 via checked.be.