Analogue: 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.
Analogue
Largest movements
- Tangible fixed assets +€11,002
up €11,002 (+1015.8%), from €1,083 to €12,085
of which Other tangible fixed assets: +€11,486
- Cash -€1,556
down €1,556 (-7.4%), from €20,967 to €19,411
mainly Investment in fixed assets (net) (-€12,298) and Debts after one year (-€6,000)
- Receivables within one year +€1,465
up €1,465 (+17.5%), from €8,381 to €9,846
of which Other amounts receivable: +€798
- Profit (loss) carried forward +€21,292
up €21,292 (+31.5%), from -€67,688 to -€46,396
- Debts after one year -€6,000
down €6,000 (-14.6%), from €41,000 to €35,000
- Trade debts -€4,779
down €4,779 (-96.7%), from €4,941 to €163
- Gross operating margin +€9,425
up €9,425 (+66.1%), from €14,250 to €23,675
- Other operating charges -€2,612
down €2,612 (-80.1%), from €3,263 to €651
- Depreciation +€926
up €926 (+249.7%), from €371 to €1,296
- Taxes -€401
down €401 (-94.7%), from €424 to €22
- Financial charges +€364
up €364 (+295.4%), from €123 to €488
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 | €35,996 | €46,908 | +€10,912 | +30.3% |
| Fixed assets | 21/28 | €1,083 | €12,085 | +€11,002 | +1015.8% |
| Tangible fixed assets | 22/27 | €1,083 | €12,085 | +€11,002 | +1015.8% |
| Furniture and vehicles | 24 | €1,083 | €598 | -€485 | -44.7% |
| Other tangible fixed assets | 26 | - | €11,486 | +€11,486 | |
| Current assets | 29/58 | €34,913 | €34,823 | -€90 | -0.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,381 | €9,846 | +€1,465 | +17.5% |
| Trade receivables | 40 | €3,760 | €4,427 | +€667 | +17.7% |
| Other amounts receivable | 41 | €4,621 | €5,419 | +€798 | +17.3% |
| Current investments | 50/53 | €5,565 | €5,565 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €20,967 | €19,411 | -€1,556 | -7.4% |
| Total equity and liabilities | 10/49 | €35,996 | €46,908 | +€10,912 | +30.3% |
| Equity | 10/15 | -€11,182 | €10,110 | +€21,292 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,306 | €50,306 | = | 0.0% |
| Distributable reserves | 133 | €50,306 | €50,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,688 | -€46,396 | +€21,292 | +31.5% |
| Amounts payable | 17/49 | €47,178 | €36,798 | -€10,381 | -22.0% |
| Amounts payable after more than one year | 17 | €41,000 | €35,000 | -€6,000 | -14.6% |
| Other amounts payable | 178/9 | €41,000 | €35,000 | -€6,000 | -14.6% |
| Amounts payable within one year | 42/48 | €6,178 | €1,798 | -€4,381 | -70.9% |
| Trade debts | 44 | €4,941 | €163 | -€4,779 | -96.7% |
| Suppliers | 440/4 | €4,941 | €163 | -€4,779 | -96.7% |
| Taxes, remuneration and social security | 45 | €1,051 | €1,070 | +€19 | +1.8% |
| Taxes | 450/3 | €1,051 | €1,070 | +€19 | +1.8% |
| Other amounts payable | 47/48 | €186 | €565 | +€379 | +204.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €1,296 | +€926 | +249.7% |
| Other operating charges | 640/8 | €3,263 | €651 | -€2,612 | -80.1% |
| Gross operating margin | 9900 | €14,250 | €23,675 | +€9,425 | +66.1% |
| Operating profit (loss) | 9901 | €10,616 | €21,728 | +€11,112 | +104.7% |
| Financial income | 75/76B | €14 | €75 | +€61 | +449.8% |
| Recurring financial income | 75 | €14 | €75 | +€61 | +449.8% |
| Financial charges | 65/66B | €123 | €488 | +€364 | +295.4% |
| Recurring financial charges | 65 | €123 | €488 | +€364 | +295.4% |
| Profit (loss) for the period before taxes | 9903 | €10,506 | €21,315 | +€10,808 | +102.9% |
| Income taxes | 67/77 | €424 | €22 | -€401 | -94.7% |
| Profit (loss) for the period | 9904 | €10,083 | €21,292 | +€11,209 | +111.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,083 | €21,292 | +€11,209 | +111.2% |
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 30 September 2026 via checked.be.