AFTER SIX: what changed
AFTER SIX
Largest movements
- Cash +€29,212
up €29,212 (+73.0%), from €40,008 to €69,220
mainly Net result for the year (+€41,932) and Depreciation (+€14,625)
- Receivables within one year +€6,530
up €6,530 (+12.1%), from €54,055 to €60,585
of which Other amounts receivable: +€4,250
- Tangible fixed assets -€2,845
down €2,845 (-5.6%), from €50,498 to €47,653
- Reserves +€41,932
up €41,932 (+67.0%), from €62,591 to €104,523
- Debts after one year -€7,208
down €7,208 (-24.3%), from €29,664 to €22,457
- Trade debts +€3,858
up €3,858 (+128%), from €3,015 to €6,873
- Tax, wage and social debts -€2,629
down €2,629 (-8.3%), from €31,543 to €28,914
- Current portion of long-term debt -€2,417
down €2,417 (-25.1%), from €9,625 to €7,208
- Gross operating margin +€15,943
up €15,943 (+30.4%), from €52,421 to €68,363
- Taxes +€2,845
up €2,845 (+32.9%), from €8,639 to €11,485
- Depreciation +€1,472
up €1,472 (+11.2%), from €13,153 to €14,625
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,862 | €178,605 | +€32,743 | +22.4% |
| Fixed assets | 21/28 | €50,558 | €47,713 | -€2,845 | -5.6% |
| Tangible fixed assets | 22/27 | €50,498 | €47,653 | -€2,845 | -5.6% |
| Furniture and vehicles | 24 | €50,498 | €47,653 | -€2,845 | -5.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €95,304 | €130,893 | +€35,588 | +37.3% |
| Amounts receivable within one year | 40/41 | €54,055 | €60,585 | +€6,530 | +12.1% |
| Trade receivables | 40 | €14,419 | €16,699 | +€2,280 | +15.8% |
| Other amounts receivable | 41 | €39,636 | €43,886 | +€4,250 | +10.7% |
| Cash at bank and in hand | 54/58 | €40,008 | €69,220 | +€29,212 | +73.0% |
| Deferred charges and accrued income | 490/1 | €1,241 | €1,087 | -€154 | -12.4% |
| Total equity and liabilities | 10/49 | €145,862 | €178,605 | +€32,743 | +22.4% |
| Equity | 10/15 | €67,591 | €109,523 | +€41,932 | +62.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,591 | €104,523 | +€41,932 | +67.0% |
| Distributable reserves | 133 | €62,591 | €104,523 | +€41,932 | +67.0% |
| Amounts payable | 17/49 | €78,271 | €69,083 | -€9,188 | -11.7% |
| Amounts payable after more than one year | 17 | €29,664 | €22,457 | -€7,208 | -24.3% |
| Financial debts | 170/4 | €29,664 | €22,457 | -€7,208 | -24.3% |
| Amounts payable within one year | 42/48 | €45,041 | €42,994 | -€2,047 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €9,625 | €7,208 | -€2,417 | -25.1% |
| Trade debts | 44 | €3,015 | €6,873 | +€3,858 | +128% |
| Suppliers | 440/4 | €3,015 | €6,873 | +€3,858 | +128% |
| Taxes, remuneration and social security | 45 | €31,543 | €28,914 | -€2,629 | -8.3% |
| Taxes | 450/3 | €31,543 | €28,914 | -€2,629 | -8.3% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €3,566 | €3,632 | +€66 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,153 | €14,625 | +€1,472 | +11.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €52,421 | €68,363 | +€15,943 | +30.4% |
| Operating profit (loss) | 9901 | €38,762 | €53,218 | +€14,457 | +37.3% |
| Financial income | 75/76B | €2,065 | €2,215 | +€150 | +7.3% |
| Recurring financial income | 75 | €2,065 | €2,215 | +€150 | +7.3% |
| Financial charges | 65/66B | €2,279 | €2,017 | -€262 | -11.5% |
| Recurring financial charges | 65 | €2,279 | €2,017 | -€262 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €38,548 | €53,416 | +€14,868 | +38.6% |
| Income taxes | 67/77 | €8,639 | €11,485 | +€2,845 | +32.9% |
| Profit (loss) for the period | 9904 | €29,909 | €41,932 | +€12,023 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,909 | €41,932 | +€12,023 | +40.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.