ADMIN START: 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.
ADMIN START
Largest movements
- Tangible fixed assets +€21,643
up €21,643 (+308.2%), from €7,024 to €28,667
- Receivables within one year +€10,890
up €10,890 (+180.0%), from €6,050 to €16,940
- Cash -€2,503
down €2,503 (-3.0%), from €84,012 to €81,508
mainly Investment in fixed assets (net) (-€27,850) and Tax, wage and social debts (-€11,031)
- Profit (loss) carried forward +€38,728
up €38,728 (+135.0%), from €28,684 to €67,413
- Tax, wage and social debts -€11,031
down €11,031 (-84.3%), from €13,089 to €2,058
- Trade debts +€3,267
up €3,267 (+161.4%), from €2,023 to €5,290
- Gross operating margin +€15,833
up €15,833 (+39.7%), from €39,876 to €55,709
- Taxes -€9,687
down €9,687 (-50.5%), from €19,185 to €9,498
- Depreciation +€4,530
up €4,530 (+270.2%), from €1,676 to €6,207
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 | €97,235 | €127,265 | +€30,030 | +30.9% |
| Fixed assets | 21/28 | €7,174 | €28,817 | +€21,643 | +301.7% |
| Tangible fixed assets | 22/27 | €7,024 | €28,667 | +€21,643 | +308.2% |
| Furniture and vehicles | 24 | €7,024 | €28,667 | +€21,643 | +308.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €90,062 | €98,448 | +€8,387 | +9.3% |
| Amounts receivable within one year | 40/41 | €6,050 | €16,940 | +€10,890 | +180.0% |
| Trade receivables | 40 | €6,050 | €16,940 | +€10,890 | +180.0% |
| Cash at bank and in hand | 54/58 | €84,012 | €81,508 | -€2,503 | -3.0% |
| Total equity and liabilities | 10/49 | €97,235 | €127,265 | +€30,030 | +30.9% |
| Equity | 10/15 | €31,684 | €70,413 | +€38,728 | +122.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,684 | €67,413 | +€38,728 | +135.0% |
| Amounts payable | 17/49 | €65,551 | €56,852 | -€8,698 | -13.3% |
| Amounts payable within one year | 42/48 | €65,551 | €56,852 | -€8,698 | -13.3% |
| Trade debts | 44 | €2,023 | €5,290 | +€3,267 | +161.4% |
| Suppliers | 440/4 | €2,023 | €5,290 | +€3,267 | +161.4% |
| Taxes, remuneration and social security | 45 | €13,089 | €2,058 | -€11,031 | -84.3% |
| Taxes | 450/3 | €13,089 | €2,058 | -€11,031 | -84.3% |
| Other amounts payable | 47/48 | €50,438 | €49,504 | -€934 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,676 | €6,207 | +€4,530 | +270.2% |
| Other operating charges | 640/8 | €689 | €920 | +€230 | +33.4% |
| Gross operating margin | 9900 | €39,876 | €55,709 | +€15,833 | +39.7% |
| Operating profit (loss) | 9901 | €37,510 | €48,583 | +€11,073 | +29.5% |
| Financial charges | 65/66B | €153 | €357 | +€204 | +133.1% |
| Recurring financial charges | 65 | €153 | €357 | +€204 | +133.1% |
| Profit (loss) for the period before taxes | 9903 | €37,357 | €48,226 | +€10,869 | +29.1% |
| Income taxes | 67/77 | €19,185 | €9,498 | -€9,687 | -50.5% |
| Profit (loss) for the period | 9904 | €18,173 | €38,728 | +€20,556 | +113.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,173 | €38,728 | +€20,556 | +113.1% |
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 4 October 2026 via checked.be.