Anders@: 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.
Anders@
Largest movements
- Receivables within one year -€27,259
down €27,259 (-52.9%), from €51,524 to €24,265
of which Other amounts receivable: -€30,359
- Cash +€22,559
up €22,559 (+46.3%), from €48,733 to €71,292
mainly Net result for the year (+€72,996) and Receivables within one year (+€27,259)
- Stocks and contracts -€8,121
down €8,121 (-16.5%), from €49,218 to €41,097
- Tangible fixed assets -€3,116
down €3,116 (-26.9%), from €11,570 to €8,455
of which Furniture and vehicles: -€2,539
- Trade debts -€7,704
down €7,704 (-70.6%), from €10,911 to €3,208
- Other debts -€4,167
down €4,167 (-5.4%), from €77,163 to €72,996
- Tax, wage and social debts -€4,065
down €4,065 (-24.8%), from €16,389 to €12,324
of which Taxes: -€4,065
- Purchases and services -€123,703
no longer reported in 2025 (was €123,703)
- Staff costs -€15,714
down €15,714 (-91.8%), from €17,109 to €1,395
- Other operating charges -€8,728
down €8,728 (-83.6%), from €10,438 to €1,710
- Taxes +€4,785
up €4,785 (+33.6%), from €14,224 to €19,009
- Financial income -€1,000
down €1,000 (-69.6%), from €1,438 to €438
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 | €161,045 | €145,109 | -€15,936 | -9.9% |
| Fixed assets | 21/28 | €11,570 | €8,455 | -€3,116 | -26.9% |
| Tangible fixed assets | 22/27 | €11,570 | €8,455 | -€3,116 | -26.9% |
| Plant, machinery and equipment | 23 | €5,138 | €4,561 | -€577 | -11.2% |
| Furniture and vehicles | 24 | €6,433 | €3,894 | -€2,539 | -39.5% |
| Current assets | 29/58 | €149,474 | €136,654 | -€12,820 | -8.6% |
| Stocks and contracts in progress | 3 | €49,218 | €41,097 | -€8,121 | -16.5% |
| Stocks | 30/36 | €49,218 | €41,097 | -€8,121 | -16.5% |
| Amounts receivable within one year | 40/41 | €51,524 | €24,265 | -€27,259 | -52.9% |
| Trade receivables | 40 | €18,271 | €21,372 | +€3,101 | +17.0% |
| Other amounts receivable | 41 | €33,253 | €2,894 | -€30,359 | -91.3% |
| Cash at bank and in hand | 54/58 | €48,733 | €71,292 | +€22,559 | +46.3% |
| Total equity and liabilities | 10/49 | €161,045 | €145,109 | -€15,936 | -9.9% |
| Equity | 10/15 | €56,581 | €56,581 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €38,031 | €38,031 | = | 0.0% |
| Distributable reserves | 133 | €38,031 | €38,031 | = | 0.0% |
| Amounts payable | 17/49 | €104,463 | €88,527 | -€15,936 | -15.3% |
| Amounts payable within one year | 42/48 | €104,463 | €88,527 | -€15,936 | -15.3% |
| Trade debts | 44 | €10,911 | €3,208 | -€7,704 | -70.6% |
| Suppliers | 440/4 | €10,911 | €3,208 | -€7,704 | -70.6% |
| Taxes, remuneration and social security | 45 | €16,389 | €12,324 | -€4,065 | -24.8% |
| Taxes | 450/3 | €16,389 | €12,324 | -€4,065 | -24.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €77,163 | €72,996 | -€4,167 | -5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €123,703 | - | -€123,703 | |
| Remuneration, social security and pensions | 62 | €17,109 | €1,395 | -€15,714 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,267 | €3,116 | -€152 | -4.6% |
| Other operating charges | 640/8 | €10,438 | €1,710 | -€8,728 | -83.6% |
| Gross operating margin | 9900 | €97,330 | €98,082 | +€751 | +0.8% |
| Operating profit (loss) | 9901 | €66,516 | €91,861 | +€25,345 | +38.1% |
| Financial income | 75/76B | €1,438 | €438 | -€1,000 | -69.6% |
| Recurring financial income | 75 | €1,438 | €438 | -€1,000 | -69.6% |
| Financial charges | 65/66B | €395 | €293 | -€101 | -25.7% |
| Recurring financial charges | 65 | €395 | €293 | -€101 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €67,559 | €92,005 | +€24,446 | +36.2% |
| Income taxes | 67/77 | €14,224 | €19,009 | +€4,785 | +33.6% |
| Profit (loss) for the period | 9904 | €53,335 | €72,996 | +€19,661 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,335 | €72,996 | +€19,661 | +36.9% |
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 24 October 2026 via checked.be.