Always Think: 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.
Always Think
Largest movements
- Receivables within one year +€53,795
up €53,795 (+49.1%), from €109,613 to €163,409
- Cash -€3,537
down €3,537 (-55.4%), from €6,391 to €2,854
mainly Receivables within one year (-€53,795) and Trade debts (-€94)
- Tangible fixed assets -€2,130
down €2,130 (-22.6%), from €9,409 to €7,279
- Reserves +€43,861
up €43,861 (+52.4%), from €83,645 to €127,506
- Tax, wage and social debts +€4,385
up €4,385 (+11.3%), from €38,887 to €43,273
of which Taxes: +€4,329
- Gross operating margin -€3,111
down €3,111 (-4.1%), from €75,612 to €72,501
- Staff costs -€2,707
down €2,707 (-60.6%), from €4,467 to €1,760
- Taxes -€2,544
down €2,544 (-10.5%), from €24,178 to €21,634
- Financial charges +€844
up €844 (+340%), from €248 to €1,093
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 | €125,413 | €173,566 | +€48,153 | +38.4% |
| Fixed assets | 21/28 | €9,409 | €7,304 | -€2,105 | -22.4% |
| Tangible fixed assets | 22/27 | €9,409 | €7,279 | -€2,130 | -22.6% |
| Plant, machinery and equipment | 23 | €9,409 | €7,279 | -€2,130 | -22.6% |
| Financial fixed assets | 28 | - | €25 | +€25 | |
| Current assets | 29/58 | €116,004 | €166,262 | +€50,258 | +43.3% |
| Amounts receivable within one year | 40/41 | €109,613 | €163,409 | +€53,795 | +49.1% |
| Other amounts receivable | 41 | €109,613 | €163,409 | +€53,795 | +49.1% |
| Cash at bank and in hand | 54/58 | €6,391 | €2,854 | -€3,537 | -55.4% |
| Total equity and liabilities | 10/49 | €125,413 | €173,566 | +€48,153 | +38.4% |
| Equity | 10/15 | €85,645 | €129,506 | +€43,861 | +51.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €83,645 | €127,506 | +€43,861 | +52.4% |
| Distributable reserves | 133 | €83,645 | €127,506 | +€43,861 | +52.4% |
| Amounts payable | 17/49 | €39,769 | €44,060 | +€4,292 | +10.8% |
| Amounts payable within one year | 42/48 | €39,769 | €44,060 | +€4,292 | +10.8% |
| Trade debts | 44 | €881 | €788 | -€94 | -10.6% |
| Suppliers | 440/4 | €881 | €788 | -€94 | -10.6% |
| Taxes, remuneration and social security | 45 | €38,887 | €43,273 | +€4,385 | +11.3% |
| Taxes | 450/3 | €30,365 | €34,694 | +€4,329 | +14.3% |
| Remuneration and social security | 454/9 | €8,522 | €8,579 | +€57 | +0.7% |
| Remuneration, social security and pensions | 62 | €4,467 | €1,760 | -€2,707 | -60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,635 | €2,130 | +€495 | +30.3% |
| Other operating charges | 640/8 | €1,295 | €2,023 | +€728 | +56.2% |
| Gross operating margin | 9900 | €75,612 | €72,501 | -€3,111 | -4.1% |
| Operating profit (loss) | 9901 | €68,215 | €66,587 | -€1,627 | -2.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €248 | €1,093 | +€844 | +340% |
| Recurring financial charges | 65 | €248 | €1,093 | +€844 | +340% |
| Profit (loss) for the period before taxes | 9903 | €67,967 | €65,495 | -€2,472 | -3.6% |
| Income taxes | 67/77 | €24,178 | €21,634 | -€2,544 | -10.5% |
| Profit (loss) for the period | 9904 | €43,789 | €43,861 | +€72 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,789 | €43,861 | +€72 | +0.2% |
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 13 October 2026 via checked.be.