ANALYTICT: 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.
ANALYTICT
Largest movements
- Current investments -€89,137
no longer reported in 2025 (was €89,137)
- Cash +€32,401
up €32,401 (+613.8%), from €5,278 to €37,679
mainly Net result for the year (+€94,352) and Current investments (+€89,137)
- Tangible fixed assets +€10,508
up €10,508 (+21.3%), from €49,298 to €59,806
of which Furniture and vehicles: +€7,252
- Receivables within one year -€6,751
down €6,751 (-10.8%), from €62,277 to €55,526
of which Trade receivables: -€4,062
- Other debts -€58,720
down €58,720 (-35.5%), from €165,436 to €106,716
- Tax, wage and social debts +€6,099
up €6,099 (+30.3%), from €20,112 to €26,211
- Gross operating margin +€12,311
up €12,311 (+10.2%), from €120,584 to €132,895
- Taxes +€2,452
up €2,452 (+10.1%), from €24,387 to €26,839
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 | €208,287 | €154,377 | -€53,909 | -25.9% |
| Fixed assets | 21/28 | €49,298 | €59,806 | +€10,508 | +21.3% |
| Tangible fixed assets | 22/27 | €49,298 | €59,806 | +€10,508 | +21.3% |
| Furniture and vehicles | 24 | €40,828 | €48,080 | +€7,252 | +17.8% |
| Other tangible fixed assets | 26 | €8,470 | €11,726 | +€3,256 | +38.4% |
| Current assets | 29/58 | €158,989 | €94,571 | -€64,418 | -40.5% |
| Amounts receivable within one year | 40/41 | €62,277 | €55,526 | -€6,751 | -10.8% |
| Trade receivables | 40 | €59,588 | €55,526 | -€4,062 | -6.8% |
| Other amounts receivable | 41 | €2,689 | €0 | -€2,689 | -100.0% |
| Current investments | 50/53 | €89,137 | - | -€89,137 | |
| Cash at bank and in hand | 54/58 | €5,278 | €37,679 | +€32,401 | +613.8% |
| Deferred charges and accrued income | 490/1 | €2,296 | €1,366 | -€930 | -40.5% |
| Total equity and liabilities | 10/49 | €208,287 | €154,377 | -€53,909 | -25.9% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €189,687 | €135,777 | -€53,909 | -28.4% |
| Amounts payable within one year | 42/48 | €189,687 | €135,777 | -€53,909 | -28.4% |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Trade debts | 44 | €4,139 | €2,834 | -€1,304 | -31.5% |
| Suppliers | 440/4 | €4,139 | €2,834 | -€1,304 | -31.5% |
| Taxes, remuneration and social security | 45 | €20,112 | €26,211 | +€6,099 | +30.3% |
| Taxes | 450/3 | €20,112 | €26,211 | +€6,099 | +30.3% |
| Other amounts payable | 47/48 | €165,436 | €106,716 | -€58,720 | -35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,019 | €11,029 | +€1,010 | +10.1% |
| Other operating charges | 640/8 | €924 | €656 | -€268 | -29.0% |
| Gross operating margin | 9900 | €120,584 | €132,895 | +€12,311 | +10.2% |
| Operating profit (loss) | 9901 | €109,642 | €121,211 | +€11,569 | +10.6% |
| Financial income | 75/76B | €157 | €335 | +€178 | +113.5% |
| Recurring financial income | 75 | €157 | €335 | +€178 | +113.5% |
| Financial charges | 65/66B | €10 | €355 | +€345 | +3446.2% |
| Recurring financial charges | 65 | €10 | €355 | +€345 | +3446.2% |
| Profit (loss) for the period before taxes | 9903 | €109,788 | €121,191 | +€11,403 | +10.4% |
| Income taxes | 67/77 | €24,387 | €26,839 | +€2,452 | +10.1% |
| Profit (loss) for the period | 9904 | €85,401 | €94,352 | +€8,951 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,401 | €94,352 | +€8,951 | +10.5% |
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 6 October 2026 via checked.be.