Append: 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.
Append
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€21,035
down €21,035 (-88.5%), from €23,757 to €2,721
mainly Current investments (-€150,000) and Receivables within one year (-€10,199)
- Receivables within one year +€10,199
up €10,199 (+39.3%), from €25,979 to €36,178
of which Trade receivables: +€9,041
- Tangible fixed assets -€8,013
down €8,013 (-17.5%), from €45,772 to €37,759
of which Furniture and vehicles: -€7,858
- Reserves +€65,305
up €65,305 (+97.6%), from €66,919 to €132,224
- Accrued charges and deferred income +€30,436
new in 2025: €30,436
- Tax, wage and social debts +€22,626
up €22,626 (+99.8%), from €22,660 to €45,286
- Trade debts +€13,796
up €13,796 (+315%), from €4,375 to €18,171
- Depreciation +€5,391
up €5,391 (+78.2%), from €6,895 to €12,286
- Gross operating margin +€3,151
up €3,151 (+3.3%), from €96,931 to €100,082
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 | €97,506 | €228,527 | +€131,020 | +134% |
| Fixed assets | 21/28 | €45,772 | €37,759 | -€8,013 | -17.5% |
| Tangible fixed assets | 22/27 | €45,772 | €37,759 | -€8,013 | -17.5% |
| Plant, machinery and equipment | 23 | €8,252 | €8,097 | -€155 | -1.9% |
| Furniture and vehicles | 24 | €37,520 | €29,662 | -€7,858 | -20.9% |
| Current assets | 29/58 | €51,735 | €190,768 | +€139,033 | +269% |
| Amounts receivable within one year | 40/41 | €25,979 | €36,178 | +€10,199 | +39.3% |
| Trade receivables | 40 | €23,851 | €32,891 | +€9,041 | +37.9% |
| Other amounts receivable | 41 | €2,128 | €3,287 | +€1,159 | +54.4% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €23,757 | €2,721 | -€21,035 | -88.5% |
| Deferred charges and accrued income | 490/1 | €2,000 | €1,869 | -€131 | -6.5% |
| Total equity and liabilities | 10/49 | €97,506 | €228,527 | +€131,020 | +134% |
| Equity | 10/15 | €68,919 | €134,224 | +€65,305 | +94.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €66,919 | €132,224 | +€65,305 | +97.6% |
| Distributable reserves | 133 | €66,919 | €132,224 | +€65,305 | +97.6% |
| Amounts payable | 17/49 | €28,587 | €94,303 | +€65,716 | +230% |
| Amounts payable within one year | 42/48 | €28,587 | €63,867 | +€35,280 | +123% |
| Trade debts | 44 | €4,375 | €18,171 | +€13,796 | +315% |
| Suppliers | 440/4 | €4,375 | €18,171 | +€13,796 | +315% |
| Taxes, remuneration and social security | 45 | €22,660 | €45,286 | +€22,626 | +99.8% |
| Taxes | 450/3 | €22,660 | €45,286 | +€22,626 | +99.8% |
| Other amounts payable | 47/48 | €1,551 | €410 | -€1,142 | -73.6% |
| Accrued charges and deferred income | 492/3 | - | €30,436 | +€30,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,895 | €12,286 | +€5,391 | +78.2% |
| Other operating charges | 640/8 | €459 | €468 | +€9 | +1.9% |
| Gross operating margin | 9900 | €96,931 | €100,082 | +€3,151 | +3.3% |
| Operating profit (loss) | 9901 | €89,577 | €87,328 | -€2,249 | -2.5% |
| Financial income | 75/76B | €5 | €965 | +€960 | +19,166% |
| Recurring financial income | 75 | €5 | €965 | +€960 | +19,166% |
| Financial charges | 65/66B | €2 | €75 | +€73 | +3,403% |
| Recurring financial charges | 65 | €2 | €75 | +€73 | +3,403% |
| Profit (loss) for the period before taxes | 9903 | €89,580 | €88,218 | -€1,361 | -1.5% |
| Income taxes | 67/77 | €22,660 | €22,914 | +€254 | +1.1% |
| Profit (loss) for the period | 9904 | €66,919 | €65,305 | -€1,615 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,919 | €65,305 | -€1,615 | -2.4% |
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 14 October 2026 via checked.be.