ADOPTED BY: 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.
ADOPTED BY
Largest movements
- Receivables within one year +€46,736
up €46,736 (+161.5%), from €28,942 to €75,678
of which Other amounts receivable: +€38,400
- Cash -€5,477
down €5,477 (-24.8%), from €22,113 to €16,635
mainly Receivables within one year (-€46,736) and Other debts (-€4,878)
- Tangible fixed assets -€1,559
down €1,559 (-60.9%), from €2,559 to €1,000
- Deferred charges and accrued income +€1,449
up €1,449, from €0 to €1,449
- Profit (loss) carried forward +€25,216
up €25,216 (+162.0%), from €15,563 to €40,779
- Trade debts +€13,276
up €13,276 (+362.4%), from €3,664 to €16,940
- Tax, wage and social debts +€7,535
up €7,535 (+368.5%), from €2,045 to €9,580
of which Taxes: +€9,580
- Other debts -€4,878
down €4,878 (-39.5%), from €12,342 to €7,464
- Gross operating margin +€18,866
up €18,866 (+140.0%), from €13,477 to €32,343
- Taxes +€4,164
up €4,164 (+148.8%), from €2,798 to €6,961
- Financial income +€1,470
up €1,470 (+149.0%), from €987 to €2,457
- Financial charges +€527
up €527 (+381.7%), from €138 to €664
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 | €53,614 | €94,762 | +€41,149 | +76.8% |
| Fixed assets | 21/28 | €2,559 | €1,000 | -€1,559 | -60.9% |
| Tangible fixed assets | 22/27 | €2,559 | €1,000 | -€1,559 | -60.9% |
| Furniture and vehicles | 24 | €2,559 | €1,000 | -€1,559 | -60.9% |
| Current assets | 29/58 | €51,055 | €93,762 | +€42,707 | +83.7% |
| Amounts receivable within one year | 40/41 | €28,942 | €75,678 | +€46,736 | +161.5% |
| Trade receivables | 40 | €209 | €8,546 | +€8,336 | +3982.9% |
| Other amounts receivable | 41 | €28,733 | €67,132 | +€38,400 | +133.6% |
| Cash at bank and in hand | 54/58 | €22,113 | €16,635 | -€5,477 | -24.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,449 | +€1,449 | |
| Total equity and liabilities | 10/49 | €53,614 | €94,762 | +€41,149 | +76.8% |
| Equity | 10/15 | €35,563 | €60,779 | +€25,216 | +70.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,563 | €40,779 | +€25,216 | +162.0% |
| Amounts payable | 17/49 | €18,050 | €33,983 | +€15,933 | +88.3% |
| Amounts payable within one year | 42/48 | €18,050 | €33,983 | +€15,933 | +88.3% |
| Trade debts | 44 | €3,664 | €16,940 | +€13,276 | +362.4% |
| Suppliers | 440/4 | €3,664 | €16,940 | +€13,276 | +362.4% |
| Taxes, remuneration and social security | 45 | €2,045 | €9,580 | +€7,535 | +368.5% |
| Taxes | 450/3 | €0 | €9,580 | +€9,580 | |
| Remuneration and social security | 454/9 | €2,045 | €0 | -€2,045 | -100.0% |
| Other amounts payable | 47/48 | €12,342 | €7,464 | -€4,878 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €1,559 | -€193 | -11.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €13,477 | €32,343 | +€18,866 | +140.0% |
| Operating profit (loss) | 9901 | €11,338 | €30,385 | +€19,047 | +168.0% |
| Financial income | 75/76B | €987 | €2,457 | +€1,470 | +149.0% |
| Recurring financial income | 75 | €987 | €2,457 | +€1,470 | +149.0% |
| Financial charges | 65/66B | €138 | €664 | +€527 | +381.7% |
| Recurring financial charges | 65 | €138 | €664 | +€527 | +381.7% |
| Profit (loss) for the period before taxes | 9903 | €12,186 | €32,177 | +€19,991 | +164.0% |
| Income taxes | 67/77 | €2,798 | €6,961 | +€4,164 | +148.8% |
| Profit (loss) for the period | 9904 | €9,389 | €25,216 | +€15,827 | +168.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,389 | €25,216 | +€15,827 | +168.6% |
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 12 October 2026 via checked.be.