ALL WRITE: what changed
Two fiscal 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 WRITE
Largest movements
- Current investments +€19,931
up €19,931 (+22.1%), from €90,000 to €109,931
- Tangible fixed assets +€6,383
up €6,383 (+54.7%), from €11,664 to €18,047
of which Furniture and vehicles: +€7,688
- Cash -€6,302
down €6,302 (-18.3%), from €34,349 to €28,046
mainly Current investments (-€19,931) and Investment in fixed assets (net) (-€9,861)
- Reserves +€14,499
up €14,499 (+11.5%), from €126,178 to €140,677
of which Distributable reserves: +€14,499
- Trade debts +€4,904
up €4,904 (+76.6%), from €6,398 to €11,303
- Gross operating margin +€9,963
up €9,963 (+65.2%), from €15,289 to €25,252
- Taxes +€2,334
up €2,334 (+41.8%), from €5,580 to €7,913
- Financial income -€1,194
down €1,194 (-35.3%), from €3,382 to €2,188
- Depreciation +€507
up €507 (+17.0%), from €2,972 to €3,479
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 | €148,541 | €168,527 | +€19,986 | +13.5% |
| Fixed assets | 21/28 | €11,664 | €18,047 | +€6,383 | +54.7% |
| Tangible fixed assets | 22/27 | €11,664 | €18,047 | +€6,383 | +54.7% |
| Plant, machinery and equipment | 23 | €5,041 | €3,735 | -€1,305 | -25.9% |
| Furniture and vehicles | 24 | €3,959 | €11,647 | +€7,688 | +194.2% |
| Other tangible fixed assets | 26 | €2,665 | €2,665 | = | 0.0% |
| Current assets | 29/58 | €136,877 | €150,481 | +€13,603 | +9.9% |
| Amounts receivable within one year | 40/41 | €9,376 | €9,930 | +€554 | +5.9% |
| Trade receivables | 40 | €899 | €4,051 | +€3,153 | +350.9% |
| Other amounts receivable | 41 | €8,477 | €5,878 | -€2,599 | -30.7% |
| Current investments | 50/53 | €90,000 | €109,931 | +€19,931 | +22.1% |
| Cash at bank and in hand | 54/58 | €34,349 | €28,046 | -€6,302 | -18.3% |
| Deferred charges and accrued income | 490/1 | €3,152 | €2,574 | -€579 | -18.4% |
| Total equity and liabilities | 10/49 | €148,541 | €168,527 | +€19,986 | +13.5% |
| Equity | 10/15 | €139,079 | €153,578 | +€14,499 | +10.4% |
| Contributions | 10/11 | €6,333 | €6,333 | = | 0.0% |
| Reserves | 13 | €126,178 | €140,677 | +€14,499 | +11.5% |
| Tax-exempt reserves | 132 | €286 | €286 | = | 0.0% |
| Distributable reserves | 133 | €125,892 | €140,391 | +€14,499 | +11.5% |
| Profit (loss) carried forward | 14 | €6,568 | €6,568 | = | 0.0% |
| Amounts payable | 17/49 | €9,462 | €14,949 | +€5,487 | +58.0% |
| Amounts payable within one year | 42/48 | €9,358 | €14,949 | +€5,592 | +59.8% |
| Financial debts | 43 | €1,028 | €1,785 | +€757 | +73.6% |
| Credit institutions | 430/8 | €1,028 | €1,785 | +€757 | +73.6% |
| Trade debts | 44 | €6,398 | €11,303 | +€4,904 | +76.6% |
| Suppliers | 440/4 | €6,398 | €11,303 | +€4,904 | +76.6% |
| Taxes, remuneration and social security | 45 | €1,931 | €1,862 | -€69 | -3.6% |
| Taxes | 450/3 | €1,931 | €1,862 | -€69 | -3.6% |
| Accrued charges and deferred income | 492/3 | €104 | €0 | -€104 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,972 | €3,479 | +€507 | +17.0% |
| Other operating charges | 640/8 | €1,110 | €1,161 | +€51 | +4.6% |
| Gross operating margin | 9900 | €15,289 | €25,252 | +€9,963 | +65.2% |
| Operating profit (loss) | 9901 | €11,207 | €20,613 | +€9,406 | +83.9% |
| Financial income | 75/76B | €3,382 | €2,188 | -€1,194 | -35.3% |
| Recurring financial income | 75 | €3,382 | €2,188 | -€1,194 | -35.3% |
| Financial charges | 65/66B | €435 | €388 | -€47 | -10.8% |
| Recurring financial charges | 65 | €435 | €388 | -€47 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €14,154 | €22,412 | +€8,258 | +58.3% |
| Income taxes | 67/77 | €5,580 | €7,913 | +€2,334 | +41.8% |
| Profit (loss) for the period | 9904 | €8,574 | €14,499 | +€5,925 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,574 | €14,499 | +€5,925 | +69.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.