ANAGRAMME: 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.
ANAGRAMME
Largest movements
- Cash +€68,237
up €68,237 (+45.4%), from €150,157 to €218,394
mainly Net result for the year (+€223,508) and Other debts (+€44,533)
- Intangible fixed assets +€37,265
up €37,265 (+146%), from €25,600 to €62,864
- Tangible fixed assets +€37,121
up €37,121 (+68.7%), from €54,030 to €91,151
of which Furniture and vehicles: +€26,475
- Reserves +€62,000
up €62,000 (+38.0%), from €163,359 to €225,359
of which Distributable reserves: +€62,000
- Other debts +€44,533
up €44,533 (+612%), from €7,281 to €51,814
- Debts after one year +€19,902
up €19,902 (+254%), from €7,822 to €27,724
- Provisions +€6,842
up €6,842 (+56.6%), from €12,088 to €18,931
- Trade debts +€4,805
up €4,805 (+11.0%), from €43,508 to €48,312
- Gross operating margin +€161,168
up €161,168 (+43.0%), from €374,425 to €535,593
- Staff costs +€64,621
up €64,621 (+59.4%), from €108,810 to €173,431
- Taxes +€20,809
up €20,809 (+34.5%), from €60,293 to €81,102
- Financial charges +€12,416
up €12,416 (+368%), from €3,371 to €15,787
- Depreciation +€7,299
up €7,299 (+37.8%), from €19,325 to €26,624
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 | €316,531 | €460,501 | +€143,969 | +45.5% |
| Fixed assets | 21/28 | €79,630 | €154,015 | +€74,385 | +93.4% |
| Intangible fixed assets | 21 | €25,600 | €62,864 | +€37,265 | +146% |
| Tangible fixed assets | 22/27 | €54,030 | €91,151 | +€37,121 | +68.7% |
| Plant, machinery and equipment | 23 | €3,100 | €2,963 | -€137 | -4.4% |
| Furniture and vehicles | 24 | €25,603 | €52,078 | +€26,475 | +103% |
| Other tangible fixed assets | 26 | €25,326 | €36,109 | +€10,783 | +42.6% |
| Current assets | 29/58 | €236,901 | €306,485 | +€69,584 | +29.4% |
| Amounts receivable within one year | 40/41 | €81,092 | €83,922 | +€2,831 | +3.5% |
| Trade receivables | 40 | €79,992 | €83,922 | +€3,931 | +4.9% |
| Other amounts receivable | 41 | €1,100 | - | -€1,100 | |
| Cash at bank and in hand | 54/58 | €150,157 | €218,394 | +€68,237 | +45.4% |
| Deferred charges and accrued income | 490/1 | €5,653 | €4,169 | -€1,483 | -26.2% |
| Total equity and liabilities | 10/49 | €316,531 | €460,501 | +€143,969 | +45.5% |
| Equity | 10/15 | €172,998 | €235,006 | +€62,008 | +35.8% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €163,359 | €225,359 | +€62,000 | +38.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €161,500 | €223,500 | +€62,000 | +38.4% |
| Profit (loss) carried forward | 14 | €339 | €346 | +€8 | +2.3% |
| Provisions and deferred taxes | 16 | €12,088 | €18,931 | +€6,842 | +56.6% |
| Provisions for liabilities and charges | 160/5 | €12,088 | €18,931 | +€6,842 | +56.6% |
| Other liabilities and charges | 164/5 | €12,088 | €18,931 | +€6,842 | +56.6% |
| Amounts payable | 17/49 | €131,445 | €206,564 | +€75,119 | +57.1% |
| Amounts payable after more than one year | 17 | €7,822 | €27,724 | +€19,902 | +254% |
| Financial debts | 170/4 | €7,822 | €27,724 | +€19,902 | +254% |
| Amounts payable within one year | 42/48 | €123,623 | €178,840 | +€55,218 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €9,086 | €11,305 | +€2,219 | +24.4% |
| Trade debts | 44 | €43,508 | €48,312 | +€4,805 | +11.0% |
| Suppliers | 440/4 | €43,508 | €48,312 | +€4,805 | +11.0% |
| Taxes, remuneration and social security | 45 | €63,748 | €67,409 | +€3,661 | +5.7% |
| Taxes | 450/3 | €43,488 | €37,921 | -€5,567 | -12.8% |
| Remuneration and social security | 454/9 | €20,260 | €29,488 | +€9,228 | +45.5% |
| Other amounts payable | 47/48 | €7,281 | €51,814 | +€44,533 | +612% |
| Remuneration, social security and pensions | 62 | €108,810 | €173,431 | +€64,621 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,325 | €26,624 | +€7,299 | +37.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,088 | €6,842 | -€5,246 | -43.4% |
| Other operating charges | 640/8 | €8,860 | €8,504 | -€356 | -4.0% |
| Gross operating margin | 9900 | €374,425 | €535,593 | +€161,168 | +43.0% |
| Operating profit (loss) | 9901 | €225,341 | €320,191 | +€94,850 | +42.1% |
| Financial income | 75/76B | €123 | €205 | +€82 | +66.4% |
| Recurring financial income | 75 | €123 | €205 | +€82 | +66.4% |
| Financial charges | 65/66B | €3,371 | €15,787 | +€12,416 | +368% |
| Recurring financial charges | 65 | €3,371 | €15,787 | +€12,416 | +368% |
| Profit (loss) for the period before taxes | 9903 | €222,094 | €304,610 | +€82,516 | +37.2% |
| Income taxes | 67/77 | €60,293 | €81,102 | +€20,809 | +34.5% |
| Profit (loss) for the period | 9904 | €161,800 | €223,508 | +€61,707 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €161,800 | €223,508 | +€61,707 | +38.1% |
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 19 October 2026 via checked.be.