AFFIRMATIEF: 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.
AFFIRMATIEF
Largest movements
- Tangible fixed assets +€17,890
up €17,890 (+58.3%), from €30,667 to €48,556
of which Furniture and vehicles: +€22,903
- Cash +€17,376
up €17,376 (+78.3%), from €22,184 to €39,560
mainly Net result for the year (+€109,887) and Other debts (+€43,422)
- Receivables within one year +€9,437
up €9,437 (+42.9%), from €21,979 to €31,417
of which Other amounts receivable: +€6,014
- Deferred charges and accrued income +€2,939
up €2,939 (+2775.7%), from €106 to €3,045
- Other debts +€43,422
up €43,422 (+40.2%), from €108,102 to €151,524
- Trade debts +€2,718
up €2,718 (+175.2%), from €1,552 to €4,270
- Tax, wage and social debts +€1,880
up €1,880 (+16.2%), from €11,579 to €13,460
of which Taxes: +€1,458
- Gross operating margin +€5,457
up €5,457 (+3.5%), from €153,850 to €159,307
- Staff costs +€3,181
new in 2025: €3,181
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 | €126,233 | €174,254 | +€48,020 | +38.0% |
| Fixed assets | 21/28 | €30,667 | €48,556 | +€17,890 | +58.3% |
| Tangible fixed assets | 22/27 | €30,667 | €48,556 | +€17,890 | +58.3% |
| Furniture and vehicles | 24 | €2,633 | €25,536 | +€22,903 | +869.9% |
| Other tangible fixed assets | 26 | €28,034 | €23,020 | -€5,014 | -17.9% |
| Current assets | 29/58 | €95,567 | €125,697 | +€30,131 | +31.5% |
| Amounts receivable within one year | 40/41 | €21,979 | €31,417 | +€9,437 | +42.9% |
| Trade receivables | 40 | €20,672 | €24,095 | +€3,423 | +16.6% |
| Other amounts receivable | 41 | €1,308 | €7,322 | +€6,014 | +459.9% |
| Current investments | 50/53 | €51,297 | €51,676 | +€378 | +0.7% |
| Cash at bank and in hand | 54/58 | €22,184 | €39,560 | +€17,376 | +78.3% |
| Deferred charges and accrued income | 490/1 | €106 | €3,045 | +€2,939 | +2775.7% |
| Total equity and liabilities | 10/49 | €126,233 | €174,254 | +€48,020 | +38.0% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €121,233 | €169,254 | +€48,020 | +39.6% |
| Amounts payable within one year | 42/48 | €121,233 | €169,254 | +€48,020 | +39.6% |
| Trade debts | 44 | €1,552 | €4,270 | +€2,718 | +175.2% |
| Suppliers | 440/4 | €1,552 | €4,270 | +€2,718 | +175.2% |
| Taxes, remuneration and social security | 45 | €11,579 | €13,460 | +€1,880 | +16.2% |
| Taxes | 450/3 | €11,579 | €13,038 | +€1,458 | +12.6% |
| Remuneration and social security | 454/9 | - | €422 | +€422 | |
| Other amounts payable | 47/48 | €108,102 | €151,524 | +€43,422 | +40.2% |
| Remuneration, social security and pensions | 62 | - | €3,181 | +€3,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,094 | €7,657 | -€438 | -5.4% |
| Other operating charges | 640/8 | €1,280 | €1,385 | +€106 | +8.3% |
| Gross operating margin | 9900 | €153,850 | €159,307 | +€5,457 | +3.5% |
| Operating profit (loss) | 9901 | €144,476 | €147,085 | +€2,608 | +1.8% |
| Financial income | 75/76B | €628 | €541 | -€87 | -13.9% |
| Recurring financial income | 75 | €628 | €541 | -€87 | -13.9% |
| Financial charges | 65/66B | €45 | €44 | -€1 | -1.9% |
| Recurring financial charges | 65 | €45 | €44 | -€1 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €145,060 | €147,581 | +€2,522 | +1.7% |
| Income taxes | 67/77 | €36,957 | €37,694 | +€737 | +2.0% |
| Profit (loss) for the period | 9904 | €108,102 | €109,887 | +€1,785 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,102 | €109,887 | +€1,785 | +1.7% |
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 10 October 2026 via checked.be.