ALBUM: 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.
ALBUM
Largest movements
- Cash +€20,946
up €20,946 (+49.0%), from €42,779 to €63,725
mainly Net result for the year (+€30,268) and Tax, wage and social debts (+€6,948)
- Current investments +€18,000
up €18,000 (+20.7%), from €87,121 to €105,120
- Reserves +€30,268
up €30,268 (+89.5%), from €33,826 to €64,095
of which Distributable reserves: +€30,268
- Tax, wage and social debts +€6,948
up €6,948 (+4446.0%), from €156 to €7,104
- Gross operating margin -€1,471
down €1,471 (-2.9%), from €51,129 to €49,658
- Other operating charges -€1,048
down €1,048 (-51.9%), from €2,022 to €973
- Depreciation +€548
up €548 (+110.3%), from €497 to €1,044
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 | €155,894 | €192,827 | +€36,933 | +23.7% |
| Fixed assets | 21/28 | €2,737 | €1,692 | -€1,044 | -38.2% |
| Tangible fixed assets | 22/27 | €2,637 | €1,592 | -€1,044 | -39.6% |
| Plant, machinery and equipment | 23 | €1,342 | €741 | -€601 | -44.8% |
| Furniture and vehicles | 24 | €1,294 | €851 | -€443 | -34.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €153,157 | €191,135 | +€37,978 | +24.8% |
| Amounts receivable within one year | 40/41 | €22,002 | €20,530 | -€1,472 | -6.7% |
| Trade receivables | 40 | €136 | €500 | +€364 | +267.3% |
| Other amounts receivable | 41 | €21,866 | €20,030 | -€1,836 | -8.4% |
| Current investments | 50/53 | €87,121 | €105,120 | +€18,000 | +20.7% |
| Cash at bank and in hand | 54/58 | €42,779 | €63,725 | +€20,946 | +49.0% |
| Deferred charges and accrued income | 490/1 | €1,255 | €1,760 | +€504 | +40.2% |
| Total equity and liabilities | 10/49 | €155,894 | €192,827 | +€36,933 | +23.7% |
| Equity | 10/15 | €153,068 | €183,336 | +€30,268 | +19.8% |
| Contributions | 10/11 | €10,535 | €10,535 | = | 0.0% |
| Reserves | 13 | €33,826 | €64,095 | +€30,268 | +89.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,826 | €64,095 | +€30,268 | +89.5% |
| Profit (loss) carried forward | 14 | €108,706 | €108,706 | = | 0.0% |
| Amounts payable | 17/49 | €2,826 | €9,491 | +€6,665 | +235.9% |
| Amounts payable within one year | 42/48 | €2,826 | €9,491 | +€6,665 | +235.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,669 | €2,386 | -€283 | -10.6% |
| Suppliers | 440/4 | €2,669 | €2,386 | -€283 | -10.6% |
| Taxes, remuneration and social security | 45 | €156 | €7,104 | +€6,948 | +4446.0% |
| Taxes | 450/3 | €156 | €7,104 | +€6,948 | +4446.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €1,044 | +€548 | +110.3% |
| Other operating charges | 640/8 | €2,022 | €973 | -€1,048 | -51.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €51,129 | €49,658 | -€1,471 | -2.9% |
| Operating profit (loss) | 9901 | €48,611 | €47,640 | -€971 | -2.0% |
| Financial income | 75/76B | €388 | €2 | -€386 | -99.6% |
| Recurring financial income | 75 | €388 | €2 | -€386 | -99.6% |
| Financial charges | 65/66B | €218 | €269 | +€51 | +23.2% |
| Recurring financial charges | 65 | €218 | €269 | +€51 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €48,780 | €47,373 | -€1,407 | -2.9% |
| Income taxes | 67/77 | €16,813 | €17,104 | +€292 | +1.7% |
| Profit (loss) for the period | 9904 | €31,967 | €30,268 | -€1,699 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,967 | €30,268 | -€1,699 | -5.3% |
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.