All It Takes: 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 It Takes
Largest movements
- Tangible fixed assets +€61,477
new in 2025: €61,477
- Cash +€42,471
up €42,471 (+54.0%), from €78,624 to €121,095
mainly Net result for the year (+€87,811) and Current portion of long-term debt (+€11,927)
- Current investments -€3,196
down €3,196 (-16.0%), from €20,000 to €16,804
- Reserves +€87,811
up €87,811 (+130%), from €67,544 to €155,355
- Trade debts -€12,587
down €12,587 (-48.0%), from €26,219 to €13,632
- Current portion of long-term debt +€11,927
new in 2025: €11,927
- Debts after one year +€11,312
new in 2025: €11,312
- Tax, wage and social debts +€4,216
up €4,216 (+673%), from €626 to €4,842
of which Taxes: +€4,536
- Gross operating margin +€64,386
up €64,386 (+86.8%), from €74,153 to €138,539
- Taxes +€17,238
up €17,238 (+82.9%), from €20,792 to €38,030
- Depreciation +€8,686
up €8,686 (+893%), from €973 to €9,659
- Write-downs -€7,098
down €7,098, from €3,549 to -€3,549
- Other operating charges +€4,813
up €4,813 (+555%), from €868 to €5,681
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 | €123,350 | €226,030 | +€102,680 | +83.2% |
| Fixed assets | 21/28 | - | €61,477 | +€61,477 | |
| Tangible fixed assets | 22/27 | - | €61,477 | +€61,477 | |
| Furniture and vehicles | 24 | - | €61,477 | +€61,477 | |
| Current assets | 29/58 | €123,350 | €164,553 | +€41,203 | +33.4% |
| Amounts receivable within one year | 40/41 | €24,726 | €26,654 | +€1,928 | +7.8% |
| Trade receivables | 40 | €12,013 | €17,960 | +€5,947 | +49.5% |
| Other amounts receivable | 41 | €12,713 | €8,693 | -€4,020 | -31.6% |
| Current investments | 50/53 | €20,000 | €16,804 | -€3,196 | -16.0% |
| Cash at bank and in hand | 54/58 | €78,624 | €121,095 | +€42,471 | +54.0% |
| Total equity and liabilities | 10/49 | €123,350 | €226,030 | +€102,680 | +83.2% |
| Equity | 10/15 | €96,505 | €184,317 | +€87,812 | +91.0% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €67,544 | €155,355 | +€87,811 | +130% |
| Distributable reserves | 133 | €67,544 | €155,355 | +€87,811 | +130% |
| Profit (loss) carried forward | 14 | €20,761 | €20,761 | +€0 | 0.0% |
| Amounts payable | 17/49 | €26,845 | €41,713 | +€14,868 | +55.4% |
| Amounts payable after more than one year | 17 | - | €11,312 | +€11,312 | |
| Financial debts | 170/4 | - | €11,312 | +€11,312 | |
| Amounts payable within one year | 42/48 | €26,845 | €30,401 | +€3,556 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,927 | +€11,927 | |
| Trade debts | 44 | €26,219 | €13,632 | -€12,587 | -48.0% |
| Suppliers | 440/4 | €26,219 | €13,632 | -€12,587 | -48.0% |
| Taxes, remuneration and social security | 45 | €626 | €4,842 | +€4,216 | +673% |
| Taxes | 450/3 | €306 | €4,842 | +€4,536 | +1,482% |
| Remuneration and social security | 454/9 | €320 | €0 | -€320 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973 | €9,659 | +€8,686 | +893% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,549 | -€3,549 | -€7,098 | |
| Other operating charges | 640/8 | €868 | €5,681 | +€4,813 | +555% |
| Gross operating margin | 9900 | €74,153 | €138,539 | +€64,386 | +86.8% |
| Operating profit (loss) | 9901 | €68,763 | €126,748 | +€57,985 | +84.3% |
| Financial income | 75/76B | €46 | €808 | +€762 | +1,657% |
| Recurring financial income | 75 | €46 | €808 | +€762 | +1,657% |
| Financial charges | 65/66B | €431 | €1,715 | +€1,284 | +298% |
| Recurring financial charges | 65 | €431 | €1,715 | +€1,284 | +298% |
| Profit (loss) for the period before taxes | 9903 | €68,378 | €125,841 | +€57,463 | +84.0% |
| Income taxes | 67/77 | €20,792 | €38,030 | +€17,238 | +82.9% |
| Profit (loss) for the period | 9904 | €47,586 | €87,811 | +€40,225 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,586 | €87,811 | +€40,225 | +84.5% |
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 16 October 2026 via checked.be.