Against All Odds: 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.
Against All Odds
Largest movements
- Cash +€26,062
up €26,062 (+123%), from €21,261 to €47,323
mainly Net result for the year (+€32,863) and Trade debts (+€1,258)
- Tangible fixed assets +€4,040
new in 2025: €4,040
- Receivables within one year +€2,976
up €2,976 (+101%), from €2,961 to €5,938
of which Trade receivables: +€3,252
- Profit (loss) carried forward +€32,863
up €32,863 (+289%), from €11,382 to €44,245
- Trade debts +€1,258
new in 2025: €1,258
- Tax, wage and social debts -€1,043
down €1,043 (-36.7%), from €2,840 to €1,797
- Gross operating margin +€28,674
up €28,674 (+189%), from €15,207 to €43,881
- Taxes +€5,254
up €5,254 (+185%), from €2,840 to €8,094
- Financial charges +€2,000
up €2,000 (+1,777%), from €113 to €2,113
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.
Derived cash bridge
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 | €24,222 | €57,300 | +€33,078 | +137% |
| Fixed assets | 21/28 | - | €4,040 | +€4,040 | |
| Tangible fixed assets | 22/27 | - | €4,040 | +€4,040 | |
| Furniture and vehicles | 24 | - | €4,040 | +€4,040 | |
| Current assets | 29/58 | €24,222 | €53,260 | +€29,038 | +120% |
| Amounts receivable within one year | 40/41 | €2,961 | €5,938 | +€2,976 | +101% |
| Trade receivables | 40 | €2,668 | €5,920 | +€3,252 | +122% |
| Other amounts receivable | 41 | €294 | €18 | -€276 | -94.0% |
| Cash at bank and in hand | 54/58 | €21,261 | €47,323 | +€26,062 | +123% |
| Total equity and liabilities | 10/49 | €24,222 | €57,300 | +€33,078 | +137% |
| Equity | 10/15 | €21,382 | €54,245 | +€32,863 | +154% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,382 | €44,245 | +€32,863 | +289% |
| Amounts payable | 17/49 | €2,840 | €3,055 | +€215 | +7.6% |
| Amounts payable within one year | 42/48 | €2,840 | €3,055 | +€215 | +7.6% |
| Trade debts | 44 | - | €1,258 | +€1,258 | |
| Suppliers | 440/4 | - | €1,258 | +€1,258 | |
| Taxes, remuneration and social security | 45 | €2,840 | €1,797 | -€1,043 | -36.7% |
| Taxes | 450/3 | €2,840 | €1,797 | -€1,043 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €872 | €836 | -€36 | -4.1% |
| Gross operating margin | 9900 | €15,207 | €43,881 | +€28,674 | +189% |
| Operating profit (loss) | 9901 | €14,335 | €43,044 | +€28,710 | +200% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €113 | €2,113 | +€2,000 | +1,777% |
| Recurring financial charges | 65 | €113 | €2,113 | +€2,000 | +1,777% |
| Profit (loss) for the period before taxes | 9903 | €14,222 | €40,957 | +€26,735 | +188% |
| Income taxes | 67/77 | €2,840 | €8,094 | +€5,254 | +185% |
| Profit (loss) for the period | 9904 | €11,382 | €32,863 | +€21,481 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €11,382 | €32,863 | +€21,481 | +189% |
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 16 October 2026 via checked.be.