ADVISING NEW DEVELOPMENTS: 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.
ADVISING NEW DEVELOPMENTS
Largest movements
- Stocks and contracts +€5,039
up €5,039 (+97.8%), from €5,152 to €10,191
- Receivables within one year -€4,023
no longer reported in 2025 (was €4,023)
of which Trade receivables: -€2,950
- Cash +€3,645
new in 2025: €3,645
mainly Trade debts (+€4,200) and Receivables within one year (+€4,023)
- Tangible fixed assets +€1,710
up €1,710 (+44.0%), from €3,886 to €5,596
- Trade debts +€4,200
up €4,200 (+95.8%), from €4,384 to €8,584
- Other debts +€2,396
up €2,396 (+10.6%), from €22,594 to €24,990
- Short-term financial debts -€1,653
no longer reported in 2025 (was €1,653)
- Profit (loss) carried forward +€1,389
up €1,389 (+6.4%), from -€21,768 to -€20,379
- Gross operating margin +€5,512
up €5,512, from -€2,811 to €2,702
- Depreciation +€927
up €927 (+4621.6%), from €20 to €947
- Other operating charges -€782
down €782 (-83.9%), from €932 to €150
- Financial charges -€146
down €146 (-40.4%), from €362 to €216
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 | €13,060 | €19,432 | +€6,372 | +48.8% |
| Fixed assets | 21/28 | €3,886 | €5,596 | +€1,710 | +44.0% |
| Tangible fixed assets | 22/27 | €3,886 | €5,596 | +€1,710 | +44.0% |
| Plant, machinery and equipment | 23 | €3,886 | €5,596 | +€1,710 | +44.0% |
| Current assets | 29/58 | €9,174 | €13,836 | +€4,662 | +50.8% |
| Stocks and contracts in progress | 3 | €5,152 | €10,191 | +€5,039 | +97.8% |
| Stocks | 30/36 | €5,152 | €10,191 | +€5,039 | +97.8% |
| Amounts receivable within one year | 40/41 | €4,023 | - | -€4,023 | |
| Trade receivables | 40 | €2,950 | - | -€2,950 | |
| Other amounts receivable | 41 | €1,072 | - | -€1,072 | |
| Cash at bank and in hand | 54/58 | - | €3,645 | +€3,645 | |
| Total equity and liabilities | 10/49 | €13,060 | €19,432 | +€6,372 | +48.8% |
| Equity | 10/15 | -€15,571 | -€14,182 | +€1,389 | +8.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,768 | -€20,379 | +€1,389 | +6.4% |
| Amounts payable | 17/49 | €28,631 | €33,614 | +€4,983 | +17.4% |
| Amounts payable within one year | 42/48 | €28,631 | €33,614 | +€4,983 | +17.4% |
| Financial debts | 43 | €1,653 | - | -€1,653 | |
| Credit institutions | 430/8 | €1,653 | - | -€1,653 | |
| Trade debts | 44 | €4,384 | €8,584 | +€4,200 | +95.8% |
| Suppliers | 440/4 | €4,384 | €8,584 | +€4,200 | +95.8% |
| Taxes, remuneration and social security | 45 | - | €40 | +€40 | |
| Taxes | 450/3 | - | €40 | +€40 | |
| Other amounts payable | 47/48 | €22,594 | €24,990 | +€2,396 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20 | €947 | +€927 | +4621.6% |
| Other operating charges | 640/8 | €932 | €150 | -€782 | -83.9% |
| Gross operating margin | 9900 | -€2,811 | €2,702 | +€5,512 | |
| Operating profit (loss) | 9901 | -€3,763 | €1,604 | +€5,367 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €362 | €216 | -€146 | -40.4% |
| Recurring financial charges | 65 | €362 | €216 | -€146 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,125 | €1,389 | +€5,513 | |
| Profit (loss) for the period | 9904 | -€4,125 | €1,389 | +€5,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,125 | €1,389 | +€5,513 |
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 2 October 2026 via checked.be.