ANTHONY BOLLAERT: 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.
ANTHONY BOLLAERT
Largest movements
- Cash +€14,086
up €14,086 (+143.9%), from €9,790 to €23,876
mainly Net result for the year (+€15,364) and Tax, wage and social debts (+€897)
- Receivables within one year +€1,827
up €1,827 (+24.1%), from €7,581 to €9,408
- Reserves +€15,000
up €15,000 (+187.5%), from €8,000 to €23,000
- Tax, wage and social debts +€897
up €897 (+14.8%), from €6,044 to €6,941
- Profit (loss) carried forward +€364
up €364 (+441.4%), from €82 to €446
- Trade debts -€348
down €348 (-50.9%), from €683 to €335
- Gross operating margin +€16,377
up €16,377 (+376.7%), from €4,347 to €20,724
- Taxes +€3,269
up €3,269 (+190.6%), from €1,715 to €4,984
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 | €17,371 | €33,283 | +€15,912 | +91.6% |
| Current assets | 29/58 | €17,371 | €33,283 | +€15,912 | +91.6% |
| Amounts receivable within one year | 40/41 | €7,581 | €9,408 | +€1,827 | +24.1% |
| Trade receivables | 40 | €7,581 | €9,408 | +€1,827 | +24.1% |
| Cash at bank and in hand | 54/58 | €9,790 | €23,876 | +€14,086 | +143.9% |
| Total equity and liabilities | 10/49 | €17,371 | €33,283 | +€15,912 | +91.6% |
| Equity | 10/15 | €10,582 | €25,946 | +€15,364 | +145.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,000 | €23,000 | +€15,000 | +187.5% |
| Distributable reserves | 133 | €8,000 | €23,000 | +€15,000 | +187.5% |
| Profit (loss) carried forward | 14 | €82 | €446 | +€364 | +441.4% |
| Amounts payable | 17/49 | €6,788 | €7,337 | +€549 | +8.1% |
| Amounts payable within one year | 42/48 | €6,788 | €7,337 | +€549 | +8.1% |
| Trade debts | 44 | €683 | €335 | -€348 | -50.9% |
| Suppliers | 440/4 | €683 | €335 | -€348 | -50.9% |
| Taxes, remuneration and social security | 45 | €6,044 | €6,941 | +€897 | +14.8% |
| Taxes | 450/3 | €6,044 | €6,941 | +€897 | +14.8% |
| Other amounts payable | 47/48 | €62 | €61 | -€1 | -1.4% |
| Other operating charges | 640/8 | €241 | €332 | +€90 | +37.5% |
| Gross operating margin | 9900 | €4,347 | €20,724 | +€16,377 | +376.7% |
| Operating profit (loss) | 9901 | €4,106 | €20,393 | +€16,287 | +396.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €34 | €45 | +€11 | +33.3% |
| Recurring financial charges | 65 | €34 | €45 | +€11 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €4,073 | €20,348 | +€16,276 | +399.6% |
| Income taxes | 67/77 | €1,715 | €4,984 | +€3,269 | +190.6% |
| Profit (loss) for the period | 9904 | €2,358 | €15,364 | +€13,006 | +551.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,358 | €15,364 | +€13,006 | +551.7% |
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 7 October 2026 via checked.be.