AFTERMIND: 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.
AFTERMIND
Largest movements
- Receivables within one year +€11,603
up €11,603 (+44.0%), from €26,370 to €37,973
of which Trade receivables: +€9,622
- Cash -€9,346
down €9,346 (-18.3%), from €50,963 to €41,617
mainly Contributions, distributions and other (-€32,195) and Investment in fixed assets (net) (-€13,161)
- Tangible fixed assets +€7,255
up €7,255 (+96.5%), from €7,515 to €14,770
of which Furniture and vehicles: +€8,307
- Deferred charges and accrued income +€4,948
up €4,948 (+4539.4%), from €109 to €5,057
- Stocks and contracts -€2,288
no longer reported in 2025 (was €2,288)
- Other debts +€6,829
up €6,829 (+25.9%), from €26,411 to €33,240
- Trade debts -€6,423
down €6,423 (-77.5%), from €8,292 to €1,869
- Tax, wage and social debts +€4,645
up €4,645 (+96.9%), from €4,795 to €9,440
- Debts after one year +€4,222
new in 2025: €4,222
- Current portion of long-term debt +€1,690
new in 2025: €1,690
- Gross operating margin -€5,753
down €5,753 (-9.6%), from €59,639 to €53,886
- Depreciation +€2,004
up €2,004 (+51.4%), from €3,902 to €5,906
- Taxes -€1,688
down €1,688 (-15.3%), from €11,000 to €9,312
- Financial charges +€1,014
up €1,014 (+28.2%), from €3,596 to €4,610
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 | €87,245 | €99,417 | +€12,172 | +14.0% |
| Fixed assets | 21/28 | €7,515 | €14,770 | +€7,255 | +96.5% |
| Tangible fixed assets | 22/27 | €7,515 | €14,770 | +€7,255 | +96.5% |
| Furniture and vehicles | 24 | €6,463 | €14,770 | +€8,307 | +128.5% |
| Other tangible fixed assets | 26 | €1,052 | - | -€1,052 | |
| Current assets | 29/58 | €79,730 | €84,647 | +€4,917 | +6.2% |
| Stocks and contracts in progress | 3 | €2,288 | - | -€2,288 | |
| Stocks | 30/36 | €2,288 | - | -€2,288 | |
| Amounts receivable within one year | 40/41 | €26,370 | €37,973 | +€11,603 | +44.0% |
| Trade receivables | 40 | €26,370 | €35,992 | +€9,622 | +36.5% |
| Other amounts receivable | 41 | - | €1,981 | +€1,981 | |
| Cash at bank and in hand | 54/58 | €50,963 | €41,617 | -€9,346 | -18.3% |
| Deferred charges and accrued income | 490/1 | €109 | €5,057 | +€4,948 | +4539.4% |
| Total equity and liabilities | 10/49 | €87,245 | €99,417 | +€12,172 | +14.0% |
| Equity | 10/15 | €47,747 | €48,956 | +€1,209 | +2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,747 | €45,956 | +€1,209 | +2.7% |
| Amounts payable | 17/49 | €39,498 | €50,461 | +€10,963 | +27.8% |
| Amounts payable after more than one year | 17 | - | €4,222 | +€4,222 | |
| Financial debts | 170/4 | - | €4,222 | +€4,222 | |
| Amounts payable within one year | 42/48 | €39,498 | €46,239 | +€6,741 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,690 | +€1,690 | |
| Trade debts | 44 | €8,292 | €1,869 | -€6,423 | -77.5% |
| Suppliers | 440/4 | €8,292 | €1,869 | -€6,423 | -77.5% |
| Taxes, remuneration and social security | 45 | €4,795 | €9,440 | +€4,645 | +96.9% |
| Taxes | 450/3 | €4,795 | €9,440 | +€4,645 | +96.9% |
| Other amounts payable | 47/48 | €26,411 | €33,240 | +€6,829 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,902 | €5,906 | +€2,004 | +51.4% |
| Other operating charges | 640/8 | €522 | €654 | +€132 | +25.3% |
| Gross operating margin | 9900 | €59,639 | €53,886 | -€5,753 | -9.6% |
| Operating profit (loss) | 9901 | €55,215 | €47,326 | -€7,889 | -14.3% |
| Financial income | 75/76B | €41 | - | -€41 | |
| Recurring financial income | 75 | €41 | - | -€41 | |
| Financial charges | 65/66B | €3,596 | €4,610 | +€1,014 | +28.2% |
| Recurring financial charges | 65 | €3,596 | €4,610 | +€1,014 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €51,660 | €42,716 | -€8,944 | -17.3% |
| Income taxes | 67/77 | €11,000 | €9,312 | -€1,688 | -15.3% |
| Profit (loss) for the period | 9904 | €40,660 | €33,404 | -€7,256 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,660 | €33,404 | -€7,256 | -17.8% |
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 5 October 2026 via checked.be.