Angle of attack: 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.
Angle of attack
Largest movements
- Cash +€28,474
up €28,474 (+67.0%), from €42,513 to €70,987
mainly Net result for the year (+€33,958) and Other debts (+€3,980)
- Receivables within one year +€12,880
up €12,880 (+449%), from €2,872 to €15,752
of which Trade receivables: +€12,811
- Reserves +€33,958
up €33,958 (+205%), from €16,562 to €50,520
- Other debts +€3,980
up €3,980 (+71.3%), from €5,582 to €9,563
- Tax, wage and social debts +€1,942
up €1,942 (+35.7%), from €5,437 to €7,380
- Trade debts +€1,474
up €1,474 (+728%), from €202 to €1,676
- Taxes +€5,507
up €5,507 (+67.5%), from €8,160 to €13,667
- Gross operating margin -€3,391
down €3,391 (-6.7%), from €50,930 to €47,539
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 | €46,384 | €87,739 | +€41,354 | +89.2% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €45,384 | €86,739 | +€41,354 | +91.1% |
| Amounts receivable within one year | 40/41 | €2,872 | €15,752 | +€12,880 | +449% |
| Trade receivables | 40 | - | €12,811 | +€12,811 | |
| Other amounts receivable | 41 | €2,872 | €2,940 | +€69 | +2.4% |
| Cash at bank and in hand | 54/58 | €42,513 | €70,987 | +€28,474 | +67.0% |
| Total equity and liabilities | 10/49 | €46,384 | €87,739 | +€41,354 | +89.2% |
| Equity | 10/15 | €35,162 | €69,120 | +€33,958 | +96.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,562 | €50,520 | +€33,958 | +205% |
| Distributable reserves | 133 | €16,562 | €50,520 | +€33,958 | +205% |
| Amounts payable | 17/49 | €11,222 | €18,619 | +€7,396 | +65.9% |
| Amounts payable within one year | 42/48 | €11,222 | €18,619 | +€7,396 | +65.9% |
| Trade debts | 44 | €202 | €1,676 | +€1,474 | +728% |
| Suppliers | 440/4 | €202 | €1,676 | +€1,474 | +728% |
| Taxes, remuneration and social security | 45 | €5,437 | €7,380 | +€1,942 | +35.7% |
| Taxes | 450/3 | €5,437 | €7,380 | +€1,942 | +35.7% |
| Other amounts payable | 47/48 | €5,582 | €9,563 | +€3,980 | +71.3% |
| Other operating charges | 640/8 | €27 | €120 | +€93 | +344% |
| Gross operating margin | 9900 | €50,930 | €47,539 | -€3,391 | -6.7% |
| Operating profit (loss) | 9901 | €50,903 | €47,419 | -€3,484 | -6.8% |
| Financial income | 75/76B | €100 | €322 | +€222 | +223% |
| Recurring financial income | 75 | €100 | €322 | +€222 | +223% |
| Financial charges | 65/66B | €106 | €116 | +€9 | +8.8% |
| Recurring financial charges | 65 | €106 | €116 | +€9 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €50,896 | €47,625 | -€3,271 | -6.4% |
| Income taxes | 67/77 | €8,160 | €13,667 | +€5,507 | +67.5% |
| Profit (loss) for the period | 9904 | €42,736 | €33,958 | -€8,778 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,736 | €33,958 | -€8,778 | -20.5% |
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 29 October 2026 via checked.be.