ADDVALS: 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.
ADDVALS
Largest movements
- Cash +€54,342
up €54,342 (+111.7%), from €48,639 to €102,980
mainly Net result for the year (+€71,724) and Tax, wage and social debts (+€33,068)
- Receivables within one year +€46,895
up €46,895 (+43.7%), from €107,412 to €154,307
of which Trade receivables: +€24,668
- Tangible fixed assets -€5,776
down €5,776 (-19.5%), from €29,590 to €23,814
- Reserves +€70,000
up €70,000 (+179.7%), from €38,960 to €108,960
- Tax, wage and social debts +€33,068
up €33,068 (+66.6%), from €49,680 to €82,748
of which Remuneration and social security: +€21,062
- Trade debts -€9,331
down €9,331 (-50.0%), from €18,658 to €9,327
- Gross operating margin +€31,130
up €31,130 (+25.1%), from €123,996 to €155,126
- Staff costs -€17,311
down €17,311 (-27.5%), from €63,051 to €45,740
- Taxes +€17,110
up €17,110 (+93.4%), from €18,318 to €35,428
- Other operating charges -€5,914
down €5,914 (-87.1%), from €6,793 to €878
- Financial income +€5,659
up €5,659 (+4021.1%), from €141 to €5,800
of which Non-recurring financial income: +€5,800
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 | €192,948 | €288,409 | +€95,461 | +49.5% |
| Fixed assets | 21/28 | €36,898 | €31,122 | -€5,776 | -15.7% |
| Tangible fixed assets | 22/27 | €29,590 | €23,814 | -€5,776 | -19.5% |
| Land and buildings | 22 | €10,934 | €9,684 | -€1,250 | -11.4% |
| Plant, machinery and equipment | 23 | €10,096 | €8,413 | -€1,683 | -16.7% |
| Furniture and vehicles | 24 | €8,561 | €5,717 | -€2,843 | -33.2% |
| Financial fixed assets | 28 | €7,308 | €7,308 | = | 0.0% |
| Current assets | 29/58 | €156,051 | €257,288 | +€101,237 | +64.9% |
| Amounts receivable within one year | 40/41 | €107,412 | €154,307 | +€46,895 | +43.7% |
| Trade receivables | 40 | €52,306 | €76,975 | +€24,668 | +47.2% |
| Other amounts receivable | 41 | €55,106 | €77,333 | +€22,227 | +40.3% |
| Cash at bank and in hand | 54/58 | €48,639 | €102,980 | +€54,342 | +111.7% |
| Total equity and liabilities | 10/49 | €192,948 | €288,409 | +€95,461 | +49.5% |
| Equity | 10/15 | €124,610 | €196,334 | +€71,724 | +57.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,960 | €108,960 | +€70,000 | +179.7% |
| Distributable reserves | 133 | €38,960 | €108,960 | +€70,000 | +179.7% |
| Profit (loss) carried forward | 14 | €67,050 | €68,774 | +€1,724 | +2.6% |
| Amounts payable | 17/49 | €68,338 | €92,076 | +€23,738 | +34.7% |
| Amounts payable within one year | 42/48 | €68,338 | €92,076 | +€23,738 | +34.7% |
| Trade debts | 44 | €18,658 | €9,327 | -€9,331 | -50.0% |
| Suppliers | 440/4 | €18,658 | €9,327 | -€9,331 | -50.0% |
| Taxes, remuneration and social security | 45 | €49,680 | €82,748 | +€33,068 | +66.6% |
| Taxes | 450/3 | €45,091 | €57,097 | +€12,006 | +26.6% |
| Remuneration and social security | 454/9 | €4,589 | €25,651 | +€21,062 | +459.0% |
| Remuneration, social security and pensions | 62 | €63,051 | €45,740 | -€17,311 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,144 | €6,684 | -€460 | -6.4% |
| Other operating charges | 640/8 | €6,793 | €878 | -€5,914 | -87.1% |
| Gross operating margin | 9900 | €123,996 | €155,126 | +€31,130 | +25.1% |
| Operating profit (loss) | 9901 | €47,008 | €101,823 | +€54,815 | +116.6% |
| Financial income | 75/76B | €141 | €5,800 | +€5,659 | +4021.1% |
| Recurring financial income | 75 | €141 | €5,800 | +€5,659 | +4021.1% |
| Non-recurring financial income | 76B | - | €5,800 | +€5,800 | |
| Financial charges | 65/66B | €390 | €472 | +€82 | +21.1% |
| Recurring financial charges | 65 | €390 | €472 | +€82 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €46,759 | €107,151 | +€60,392 | +129.2% |
| Income taxes | 67/77 | €18,318 | €35,428 | +€17,110 | +93.4% |
| Profit (loss) for the period | 9904 | €28,442 | €71,724 | +€43,282 | +152.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,442 | €71,724 | +€43,282 | +152.2% |
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 8 October 2026 via checked.be.