ALL IN ONE: 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 IN ONE
Largest movements
- Receivables within one year +€136,445
up €136,445 (+63.1%), from €216,395 to €352,840
of which Trade receivables: +€156,427
- Tangible fixed assets -€46,788
down €46,788 (-36.4%), from €128,512 to €81,723
of which Other tangible fixed assets: -€37,526
- Current investments +€42,748
up €42,748 (+88.8%), from €48,137 to €90,885
- Cash +€24,468
up €24,468 (+16.6%), from €147,340 to €171,808
mainly Net result for the year (+€112,525) and Trade debts (+€99,400)
- Stocks and contracts +€8,440
new in 2025: €8,440
- Reserves +€110,000
up €110,000 (+96.1%), from €114,500 to €224,500
of which Distributable reserves: +€110,000
- Trade debts +€99,400
up €99,400 (+64.4%), from €154,394 to €253,794
- Other debts -€79,369
down €79,369 (-38.6%), from €205,430 to €126,061
- Tax, wage and social debts +€32,757
up €32,757 (+92.1%), from €35,557 to €68,314
of which Taxes: +€32,757
- Gross operating margin +€119,323
up €119,323 (+208%), from €57,416 to €176,738
- Taxes +€40,249
up €40,249 (+319%), from €12,601 to €52,851
- Financial income +€8,024
up €8,024 (+186%), from €4,316 to €12,340
- Depreciation +€7,013
up €7,013 (+45.7%), from €15,360 to €22,373
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,568 | €705,881 | +€165,313 | +30.6% |
| Fixed assets | 21/28 | €128,697 | €81,908 | -€46,788 | -36.4% |
| Tangible fixed assets | 22/27 | €128,512 | €81,723 | -€46,788 | -36.4% |
| Furniture and vehicles | 24 | €49,637 | €40,375 | -€9,262 | -18.7% |
| Other tangible fixed assets | 26 | €78,875 | €41,349 | -€37,526 | -47.6% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €411,872 | €623,973 | +€212,102 | +51.5% |
| Stocks and contracts in progress | 3 | - | €8,440 | +€8,440 | |
| Stocks | 30/36 | - | €8,440 | +€8,440 | |
| Amounts receivable within one year | 40/41 | €216,395 | €352,840 | +€136,445 | +63.1% |
| Trade receivables | 40 | €165,453 | €321,879 | +€156,427 | +94.5% |
| Other amounts receivable | 41 | €50,942 | €30,960 | -€19,982 | -39.2% |
| Current investments | 50/53 | €48,137 | €90,885 | +€42,748 | +88.8% |
| Cash at bank and in hand | 54/58 | €147,340 | €171,808 | +€24,468 | +16.6% |
| Total equity and liabilities | 10/49 | €540,568 | €705,881 | +€165,313 | +30.6% |
| Equity | 10/15 | €145,187 | €257,713 | +€112,525 | +77.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €114,500 | €224,500 | +€110,000 | +96.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €112,500 | €222,500 | +€110,000 | +97.8% |
| Profit (loss) carried forward | 14 | €10,687 | €13,213 | +€2,525 | +23.6% |
| Amounts payable | 17/49 | €395,381 | €448,169 | +€52,788 | +13.4% |
| Amounts payable within one year | 42/48 | €395,381 | €448,169 | +€52,788 | +13.4% |
| Trade debts | 44 | €154,394 | €253,794 | +€99,400 | +64.4% |
| Suppliers | 440/4 | €154,394 | €253,794 | +€99,400 | +64.4% |
| Taxes, remuneration and social security | 45 | €35,557 | €68,314 | +€32,757 | +92.1% |
| Taxes | 450/3 | €32,666 | €65,423 | +€32,757 | +100% |
| Remuneration and social security | 454/9 | €2,891 | €2,891 | = | 0.0% |
| Other amounts payable | 47/48 | €205,430 | €126,061 | -€79,369 | -38.6% |
| Non-recurring operating income | 76A | - | €13,237 | +€13,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,360 | €22,373 | +€7,013 | +45.7% |
| Other operating charges | 640/8 | €676 | €496 | -€180 | -26.6% |
| Gross operating margin | 9900 | €57,416 | €176,738 | +€119,323 | +208% |
| Operating profit (loss) | 9901 | €41,380 | €153,869 | +€112,490 | +272% |
| Financial income | 75/76B | €4,316 | €12,340 | +€8,024 | +186% |
| Recurring financial income | 75 | €4,316 | €12,340 | +€8,024 | +186% |
| Financial charges | 65/66B | €417 | €834 | +€416 | +99.8% |
| Recurring financial charges | 65 | €417 | €834 | +€416 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €45,278 | €165,376 | +€120,098 | +265% |
| Income taxes | 67/77 | €12,601 | €52,851 | +€40,249 | +319% |
| Profit (loss) for the period | 9904 | €32,677 | €112,525 | +€79,848 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €32,677 | €112,525 | +€79,848 | +244% |
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.