All-Time High: 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-Time High
Largest movements
- Receivables within one year +€45,454
up €45,454 (+90.1%), from €50,448 to €95,902
of which Other amounts receivable: +€44,111
- Receivables after one year -€18,500
down €18,500 (-100%), from €18,500 to €0
- Tangible fixed assets -€6,008
down €6,008 (-78.2%), from €7,679 to €1,671
- Other debts +€42,677
up €42,677 (+96.2%), from €44,378 to €87,055
- Advances received -€12,000
down €12,000 (-100%), from €12,000 to €0
- Current portion of long-term debt -€5,111
down €5,111 (-100%), from €5,111 to €0
- Trade debts -€2,461
down €2,461 (-66.7%), from €3,689 to €1,228
- Tax, wage and social debts -€2,418
down €2,418 (-37.0%), from €6,531 to €4,114
- Depreciation -€1,166
down €1,166 (-16.3%), from €7,174 to €6,008
- Gross operating margin -€872
down €872 (-7.9%), from €11,054 to €10,182
- Financial charges -€680
down €680 (-60.7%), from €1,121 to €441
- Financial income +€301
up €301 (+79.3%), from €380 to €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 | €130,543 | €152,327 | +€21,784 | +16.7% |
| Fixed assets | 21/28 | €61,304 | €55,297 | -€6,007 | -9.8% |
| Tangible fixed assets | 22/27 | €7,679 | €1,671 | -€6,008 | -78.2% |
| Furniture and vehicles | 24 | €7,679 | €1,671 | -€6,008 | -78.2% |
| Financial fixed assets | 28 | €53,625 | €53,626 | +€1 | 0.0% |
| Current assets | 29/58 | €69,239 | €97,031 | +€27,791 | +40.1% |
| Amounts receivable after more than one year | 29 | €18,500 | €0 | -€18,500 | -100% |
| Other amounts receivable | 291 | €18,500 | €0 | -€18,500 | -100% |
| Amounts receivable within one year | 40/41 | €50,448 | €95,902 | +€45,454 | +90.1% |
| Trade receivables | 40 | €35,332 | €36,675 | +€1,343 | +3.8% |
| Other amounts receivable | 41 | €15,116 | €59,227 | +€44,111 | +292% |
| Cash at bank and in hand | 54/58 | €74 | €202 | +€129 | +174% |
| Deferred charges and accrued income | 490/1 | €217 | €926 | +€709 | +327% |
| Total equity and liabilities | 10/49 | €130,543 | €152,327 | +€21,784 | +16.7% |
| Equity | 10/15 | €58,349 | €59,931 | +€1,582 | +2.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €48,349 | €49,931 | +€1,582 | +3.3% |
| Distributable reserves | 133 | €48,349 | €49,931 | +€1,582 | +3.3% |
| Amounts payable | 17/49 | €72,194 | €92,396 | +€20,202 | +28.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €71,710 | €92,396 | +€20,686 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €5,111 | €0 | -€5,111 | -100% |
| Trade debts | 44 | €3,689 | €1,228 | -€2,461 | -66.7% |
| Suppliers | 440/4 | €3,689 | €1,228 | -€2,461 | -66.7% |
| Advances received on contracts in progress | 46 | €12,000 | €0 | -€12,000 | -100% |
| Taxes, remuneration and social security | 45 | €6,531 | €4,114 | -€2,418 | -37.0% |
| Taxes | 450/3 | €6,531 | €4,114 | -€2,418 | -37.0% |
| Other amounts payable | 47/48 | €44,378 | €87,055 | +€42,677 | +96.2% |
| Accrued charges and deferred income | 492/3 | €484 | €0 | -€484 | -100% |
| Non-recurring operating income | 76A | €344 | €0 | -€344 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,174 | €6,008 | -€1,166 | -16.3% |
| Other operating charges | 640/8 | €1,721 | €1,826 | +€105 | +6.1% |
| Gross operating margin | 9900 | €11,054 | €10,182 | -€872 | -7.9% |
| Operating profit (loss) | 9901 | €2,159 | €2,348 | +€189 | +8.7% |
| Financial income | 75/76B | €380 | €681 | +€301 | +79.3% |
| Recurring financial income | 75 | €380 | €681 | +€301 | +79.3% |
| Financial charges | 65/66B | €1,121 | €441 | -€680 | -60.7% |
| Recurring financial charges | 65 | €1,121 | €441 | -€680 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €1,418 | €2,588 | +€1,170 | +82.6% |
| Income taxes | 67/77 | €922 | €1,005 | +€84 | +9.1% |
| Profit (loss) for the period | 9904 | €496 | €1,582 | +€1,086 | +219% |
| Profit (loss) for the period to be appropriated | 9905 | €496 | €1,582 | +€1,086 | +219% |
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 26 October 2026 via checked.be.