All Images: 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 Images
Largest movements
- Tangible fixed assets +€22,568
up €22,568 (+922%), from €2,448 to €25,016
of which Furniture and vehicles: +€23,848
- Receivables within one year -€4,267
down €4,267 (-15.4%), from €27,681 to €23,414
of which Trade receivables: -€4,870
- Deferred charges and accrued income -€2,190
no longer reported in 2025 (was €2,190)
- Cash -€1,217
down €1,217 (-3.5%), from €34,814 to €33,598
mainly Investment in fixed assets (net) (-€25,646) and Contributions, distributions and other (-€14,715)
- Other debts +€13,707
up €13,707 (+9,046%), from €152 to €13,859
- Accrued charges and deferred income -€11,719
no longer reported in 2025 (was €11,719)
- Reserves +€7,991
up €7,991 (+22.9%), from €34,842 to €42,833
of which Distributable reserves: +€7,991
- Tax, wage and social debts +€4,433
up €4,433 (+284%), from €1,559 to €5,992
- Gross operating margin +€23,958
up €23,958 (+187%), from €12,788 to €36,747
- Taxes +€7,135
up €7,135 (+284%), from €2,511 to €9,646
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 | €67,139 | €82,033 | +€14,894 | +22.2% |
| Fixed assets | 21/28 | €2,453 | €25,021 | +€22,568 | +920% |
| Tangible fixed assets | 22/27 | €2,448 | €25,016 | +€22,568 | +922% |
| Land and buildings | 22 | €647 | €324 | -€324 | -50.0% |
| Plant, machinery and equipment | 23 | €1,520 | €564 | -€956 | -62.9% |
| Furniture and vehicles | 24 | €281 | €24,129 | +€23,848 | +8,484% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €64,686 | €57,012 | -€7,674 | -11.9% |
| Amounts receivable within one year | 40/41 | €27,681 | €23,414 | -€4,267 | -15.4% |
| Trade receivables | 40 | €26,417 | €21,548 | -€4,870 | -18.4% |
| Other amounts receivable | 41 | €1,264 | €1,867 | +€603 | +47.7% |
| Cash at bank and in hand | 54/58 | €34,814 | €33,598 | -€1,217 | -3.5% |
| Deferred charges and accrued income | 490/1 | €2,190 | - | -€2,190 | |
| Total equity and liabilities | 10/49 | €67,139 | €82,033 | +€14,894 | +22.2% |
| Equity | 10/15 | €53,442 | €61,433 | +€7,991 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,842 | €42,833 | +€7,991 | +22.9% |
| Tax-exempt reserves | 132 | €127 | €127 | = | 0.0% |
| Distributable reserves | 133 | €34,716 | €42,706 | +€7,991 | +23.0% |
| Amounts payable | 17/49 | €13,697 | €20,601 | +€6,904 | +50.4% |
| Amounts payable within one year | 42/48 | €1,978 | €20,601 | +€18,623 | +941% |
| Trade debts | 44 | €268 | €750 | +€482 | +180% |
| Suppliers | 440/4 | €268 | €750 | +€482 | +180% |
| Taxes, remuneration and social security | 45 | €1,559 | €5,992 | +€4,433 | +284% |
| Taxes | 450/3 | €1,559 | €5,992 | +€4,433 | +284% |
| Other amounts payable | 47/48 | €152 | €13,859 | +€13,707 | +9,046% |
| Accrued charges and deferred income | 492/3 | €11,719 | - | -€11,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,735 | €3,078 | +€343 | +12.5% |
| Other operating charges | 640/8 | €872 | €999 | +€128 | +14.7% |
| Gross operating margin | 9900 | €12,788 | €36,747 | +€23,958 | +187% |
| Operating profit (loss) | 9901 | €9,182 | €32,669 | +€23,488 | +256% |
| Financial charges | 65/66B | €44 | €318 | +€274 | +627% |
| Recurring financial charges | 65 | €44 | €318 | +€274 | +627% |
| Profit (loss) for the period before taxes | 9903 | €9,138 | €32,352 | +€23,214 | +254% |
| Income taxes | 67/77 | €2,511 | €9,646 | +€7,135 | +284% |
| Profit (loss) for the period | 9904 | €6,627 | €22,706 | +€16,078 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €6,627 | €22,706 | +€16,078 | +243% |
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 28 October 2026 via checked.be.