Aline Peeters: 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.
Aline Peeters
Largest movements
- Cash +€16,573
up €16,573 (+76.7%), from €21,599 to €38,172
mainly Other debts (+€33,755) and Receivables within one year (+€9,295)
- Receivables within one year -€9,295
down €9,295 (-45.5%), from €20,412 to €11,117
of which Trade receivables: -€9,849
- Tangible fixed assets -€1,070
down €1,070 (-19.8%), from €5,397 to €4,327
of which Furniture and vehicles: -€584
- Other debts +€33,755
up €33,755 (+295%), from €11,451 to €45,206
- Reserves -€27,445
down €27,445 (-97.2%), from €28,244 to €799
- Tax, wage and social debts -€3,092
down €3,092 (-55.0%), from €5,623 to €2,532
- Accrued charges and deferred income +€2,953
up €2,953 (+331%), from €892 to €3,844
- Gross operating margin +€4,055
up €4,055 (+84.0%), from €4,828 to €8,883
- Taxes +€800
up €800 (+69.7%), from €1,147 to €1,946
- Other operating charges -€413
down €413 (-47.1%), from €876 to €464
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 | €48,234 | €54,436 | +€6,203 | +12.9% |
| Fixed assets | 21/28 | €5,922 | €4,852 | -€1,070 | -18.1% |
| Tangible fixed assets | 22/27 | €5,397 | €4,327 | -€1,070 | -19.8% |
| Furniture and vehicles | 24 | €1,651 | €1,067 | -€584 | -35.4% |
| Other tangible fixed assets | 26 | €3,746 | €3,260 | -€486 | -13.0% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €42,312 | €49,585 | +€7,273 | +17.2% |
| Amounts receivable within one year | 40/41 | €20,412 | €11,117 | -€9,295 | -45.5% |
| Trade receivables | 40 | €20,412 | €10,564 | -€9,849 | -48.2% |
| Other amounts receivable | 41 | - | €554 | +€554 | |
| Cash at bank and in hand | 54/58 | €21,599 | €38,172 | +€16,573 | +76.7% |
| Deferred charges and accrued income | 490/1 | €300 | €295 | -€5 | -1.7% |
| Total equity and liabilities | 10/49 | €48,234 | €54,436 | +€6,203 | +12.9% |
| Equity | 10/15 | €30,244 | €2,799 | -€27,445 | -90.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,244 | €799 | -€27,445 | -97.2% |
| Distributable reserves | 133 | €28,244 | €799 | -€27,445 | -97.2% |
| Amounts payable | 17/49 | €17,989 | €51,637 | +€33,648 | +187% |
| Amounts payable within one year | 42/48 | €17,098 | €47,793 | +€30,695 | +180% |
| Trade debts | 44 | €23 | €55 | +€32 | +135% |
| Suppliers | 440/4 | €23 | €55 | +€32 | +135% |
| Taxes, remuneration and social security | 45 | €5,623 | €2,532 | -€3,092 | -55.0% |
| Taxes | 450/3 | €5,623 | €2,532 | -€3,092 | -55.0% |
| Other amounts payable | 47/48 | €11,451 | €45,206 | +€33,755 | +295% |
| Accrued charges and deferred income | 492/3 | €892 | €3,844 | +€2,953 | +331% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,070 | €1,070 | = | 0.0% |
| Other operating charges | 640/8 | €876 | €464 | -€413 | -47.1% |
| Gross operating margin | 9900 | €4,828 | €8,883 | +€4,055 | +84.0% |
| Operating profit (loss) | 9901 | €2,882 | €7,349 | +€4,468 | +155% |
| Financial charges | 65/66B | €829 | €848 | +€19 | +2.3% |
| Recurring financial charges | 65 | €829 | €848 | +€19 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €2,053 | €6,501 | +€4,448 | +217% |
| Income taxes | 67/77 | €1,147 | €1,946 | +€800 | +69.7% |
| Profit (loss) for the period | 9904 | €906 | €4,555 | +€3,649 | +403% |
| Profit (loss) for the period to be appropriated | 9905 | €906 | €4,555 | +€3,649 | +403% |
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 17 October 2026 via checked.be.