AFTER THE LOOP: 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.
AFTER THE LOOP
Largest movements
- Cash +€12,649
up €12,649 (+25.5%), from €49,507 to €62,156
mainly Net result for the year (+€24,019) and Tax, wage and social debts (+€574)
- Receivables within one year +€6,288
up €6,288 (+339.9%), from €1,850 to €8,138
of which Trade receivables: +€7,788
- Tangible fixed assets +€1,043
new in 2025: €1,043
- Profit (loss) carried forward +€24,019
up €24,019 (+59.7%), from €40,233 to €64,252
- Other debts -€2,633
down €2,633 (-60.5%), from €4,350 to €1,717
- Trade debts -€1,729
down €1,729 (-72.5%), from €2,384 to €655
- Gross operating margin -€22,942
down €22,942 (-42.9%), from €53,417 to €30,475
- Taxes -€3,980
down €3,980 (-39.2%), from €10,150 to €6,170
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 | €51,451 | €71,681 | +€20,230 | +39.3% |
| Fixed assets | 21/28 | €94 | €1,136 | +€1,043 | +1115.2% |
| Tangible fixed assets | 22/27 | - | €1,043 | +€1,043 | |
| Furniture and vehicles | 24 | - | €1,043 | +€1,043 | |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €51,357 | €70,545 | +€19,188 | +37.4% |
| Amounts receivable within one year | 40/41 | €1,850 | €8,138 | +€6,288 | +339.9% |
| Trade receivables | 40 | - | €7,788 | +€7,788 | |
| Other amounts receivable | 41 | €1,850 | €350 | -€1,500 | -81.1% |
| Cash at bank and in hand | 54/58 | €49,507 | €62,156 | +€12,649 | +25.5% |
| Deferred charges and accrued income | 490/1 | - | €251 | +€251 | |
| Total equity and liabilities | 10/49 | €51,451 | €71,681 | +€20,230 | +39.3% |
| Equity | 10/15 | €40,333 | €64,352 | +€24,019 | +59.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,233 | €64,252 | +€24,019 | +59.7% |
| Amounts payable | 17/49 | €11,118 | €7,330 | -€3,788 | -34.1% |
| Amounts payable within one year | 42/48 | €11,118 | €7,330 | -€3,788 | -34.1% |
| Trade debts | 44 | €2,384 | €655 | -€1,729 | -72.5% |
| Suppliers | 440/4 | €2,384 | €655 | -€1,729 | -72.5% |
| Taxes, remuneration and social security | 45 | €4,384 | €4,958 | +€574 | +13.1% |
| Taxes | 450/3 | €4,384 | €4,958 | +€574 | +13.1% |
| Other amounts payable | 47/48 | €4,350 | €1,717 | -€2,633 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €287 | +€287 | |
| Other operating charges | 640/8 | - | €4 | +€4 | |
| Gross operating margin | 9900 | €53,417 | €30,475 | -€22,942 | -42.9% |
| Operating profit (loss) | 9901 | €53,417 | €30,183 | -€23,233 | -43.5% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €34 | €41 | +€7 | +20.6% |
| Recurring financial charges | 65 | €34 | €41 | +€7 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €53,383 | €30,189 | -€23,194 | -43.4% |
| Income taxes | 67/77 | €10,150 | €6,170 | -€3,980 | -39.2% |
| Profit (loss) for the period | 9904 | €43,233 | €24,019 | -€19,214 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,233 | €24,019 | -€19,214 | -44.4% |
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 11 October 2026 via checked.be.