All Experts: 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.
All Experts
Largest movements
- Cash +€144,327
up €144,327 (+328.0%), from €43,998 to €188,325
mainly Other debts (+€342,553) and Net result for the year (+€308,940)
- Receivables within one year +€103,679
up €103,679 (+596.1%), from €17,392 to €121,071
of which Other amounts receivable: +€99,319
- Reserves -€416,681
down €416,681 (-99.6%), from €418,541 to €1,860
- Other debts +€342,553
up €342,553 (+160476.3%), from €213 to €342,766
- Profit (loss) carried forward +€308,940
up €308,940, from €0 to €308,940
- Debts after one year -€14,279
down €14,279 (-38.7%), from €36,872 to €22,594
- Contributions +€12,400
up €12,400 (+2.5%), from €491,640 to €504,040
- Financial income +€196,553
up €196,553 (+316.7%), from €62,069 to €258,622
- Gross operating margin -€21,759
down €21,759 (-20.3%), from €107,337 to €85,578
- Taxes -€5,766
down €5,766 (-22.6%), from €25,497 to €19,731
- Depreciation +€4,051
up €4,051 (+71.0%), from €5,705 to €9,756
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 | €972,218 | €1,209,785 | +€237,567 | +24.4% |
| Fixed assets | 21/28 | €906,074 | €897,744 | -€8,330 | -0.9% |
| Tangible fixed assets | 22/27 | €29,220 | €20,889 | -€8,330 | -28.5% |
| Plant, machinery and equipment | 23 | €3,846 | €2,139 | -€1,708 | -44.4% |
| Furniture and vehicles | 24 | €25,373 | €18,750 | -€6,623 | -26.1% |
| Financial fixed assets | 28 | €876,855 | €876,855 | = | 0.0% |
| Current assets | 29/58 | €66,143 | €312,041 | +€245,898 | +371.8% |
| Amounts receivable within one year | 40/41 | €17,392 | €121,071 | +€103,679 | +596.1% |
| Trade receivables | 40 | €15,000 | €19,360 | +€4,360 | +29.1% |
| Other amounts receivable | 41 | €2,392 | €101,711 | +€99,319 | +4152.2% |
| Cash at bank and in hand | 54/58 | €43,998 | €188,325 | +€144,327 | +328.0% |
| Deferred charges and accrued income | 490/1 | €4,754 | €2,645 | -€2,108 | -44.3% |
| Total equity and liabilities | 10/49 | €972,218 | €1,209,785 | +€237,567 | +24.4% |
| Equity | 10/15 | €910,181 | €814,840 | -€95,341 | -10.5% |
| Contributions | 10/11 | €491,640 | €504,040 | +€12,400 | +2.5% |
| Reserves | 13 | €418,541 | €1,860 | -€416,681 | -99.6% |
| Distributable reserves | 133 | €418,541 | €1,860 | -€416,681 | -99.6% |
| Profit (loss) carried forward | 14 | €0 | €308,940 | +€308,940 | |
| Amounts payable | 17/49 | €62,037 | €394,945 | +€332,909 | +536.6% |
| Amounts payable after more than one year | 17 | €36,872 | €22,594 | -€14,279 | -38.7% |
| Financial debts | 170/4 | €36,872 | €22,594 | -€14,279 | -38.7% |
| Amounts payable within one year | 42/48 | €24,694 | €371,862 | +€347,167 | +1405.9% |
| Current portion of amounts payable after more than one year | 42 | €13,682 | €14,279 | +€597 | +4.4% |
| Trade debts | 44 | €1,871 | €1,719 | -€153 | -8.2% |
| Suppliers | 440/4 | €1,871 | €1,719 | -€153 | -8.2% |
| Taxes, remuneration and social security | 45 | €8,928 | €13,098 | +€4,170 | +46.7% |
| Taxes | 450/3 | €6,928 | €11,098 | +€4,170 | +60.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €213 | €342,766 | +€342,553 | +160476.3% |
| Accrued charges and deferred income | 492/3 | €470 | €490 | +€20 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,705 | €9,756 | +€4,051 | +71.0% |
| Other operating charges | 640/8 | €1,593 | €2,407 | +€815 | +51.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €107,337 | €85,578 | -€21,759 | -20.3% |
| Operating profit (loss) | 9901 | €100,039 | €73,414 | -€26,625 | -26.6% |
| Financial income | 75/76B | €62,069 | €258,622 | +€196,553 | +316.7% |
| Recurring financial income | 75 | €62,069 | €258,622 | +€196,553 | +316.7% |
| Financial charges | 65/66B | €4,285 | €3,366 | -€919 | -21.5% |
| Recurring financial charges | 65 | €4,285 | €3,366 | -€919 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €157,824 | €328,671 | +€170,847 | +108.3% |
| Income taxes | 67/77 | €25,497 | €19,731 | -€5,766 | -22.6% |
| Profit (loss) for the period | 9904 | €132,326 | €308,940 | +€176,614 | +133.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,326 | €308,940 | +€176,614 | +133.5% |
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 12 October 2026 via checked.be.