as if: 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.
as if
Largest movements
- Cash +€63,398
up €63,398 (+495.8%), from €12,788 to €76,186
mainly Net result for the year (+€87,281) and Depreciation (+€10,772)
- Receivables within one year +€28,581
up €28,581 (+201.9%), from €14,157 to €42,738
of which Other amounts receivable: +€27,730
- Tangible fixed assets -€10,772
down €10,772 (-20.9%), from €51,578 to €40,806
- Deferred charges and accrued income +€1,771
up €1,771 (+52851.6%), from €3 to €1,774
- Profit (loss) carried forward +€87,280
up €87,280 (+567.7%), from €15,373 to €102,654
- Debts after one year -€9,661
down €9,661 (-24.8%), from €39,019 to €29,358
- Tax, wage and social debts +€8,661
up €8,661 (+167.5%), from €5,170 to €13,831
- Other debts -€4,274
no longer reported in 2025 (was €4,274)
- Gross operating margin +€101,072
up €101,072 (+452.8%), from €22,320 to €123,392
- Taxes +€19,960
up €19,960 (+495.4%), from €4,029 to €23,990
- Depreciation +€8,489
up €8,489 (+371.8%), from €2,283 to €10,772
- Financial charges +€1,274
up €1,274 (+269.9%), from €472 to €1,745
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 | €78,526 | €161,503 | +€82,977 | +105.7% |
| Fixed assets | 21/28 | €51,578 | €40,806 | -€10,772 | -20.9% |
| Tangible fixed assets | 22/27 | €51,578 | €40,806 | -€10,772 | -20.9% |
| Furniture and vehicles | 24 | €51,578 | €40,806 | -€10,772 | -20.9% |
| Current assets | 29/58 | €26,948 | €120,698 | +€93,749 | +347.9% |
| Amounts receivable within one year | 40/41 | €14,157 | €42,738 | +€28,581 | +201.9% |
| Trade receivables | 40 | €14,157 | €15,008 | +€851 | +6.0% |
| Other amounts receivable | 41 | - | €27,730 | +€27,730 | |
| Cash at bank and in hand | 54/58 | €12,788 | €76,186 | +€63,398 | +495.8% |
| Deferred charges and accrued income | 490/1 | €3 | €1,774 | +€1,771 | +52851.6% |
| Total equity and liabilities | 10/49 | €78,526 | €161,503 | +€82,977 | +105.7% |
| Equity | 10/15 | €20,373 | €107,654 | +€87,280 | +428.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,373 | €102,654 | +€87,280 | +567.7% |
| Amounts payable | 17/49 | €58,153 | €53,849 | -€4,304 | -7.4% |
| Amounts payable after more than one year | 17 | €39,019 | €29,358 | -€9,661 | -24.8% |
| Financial debts | 170/4 | €39,019 | €29,358 | -€9,661 | -24.8% |
| Amounts payable within one year | 42/48 | €18,814 | €24,491 | +€5,677 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €9,316 | €9,661 | +€345 | +3.7% |
| Trade debts | 44 | €53 | €999 | +€946 | +1772.4% |
| Suppliers | 440/4 | €53 | €999 | +€946 | +1772.4% |
| Taxes, remuneration and social security | 45 | €5,170 | €13,831 | +€8,661 | +167.5% |
| Taxes | 450/3 | €5,170 | €13,831 | +€8,661 | +167.5% |
| Other amounts payable | 47/48 | €4,274 | - | -€4,274 | |
| Accrued charges and deferred income | 492/3 | €320 | - | -€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €10,772 | +€8,489 | +371.8% |
| Other operating charges | 640/8 | €162 | €287 | +€125 | +76.9% |
| Gross operating margin | 9900 | €22,320 | €123,392 | +€101,072 | +452.8% |
| Operating profit (loss) | 9901 | €19,874 | €112,332 | +€92,458 | +465.2% |
| Financial income | 75/76B | - | €684 | +€684 | |
| Recurring financial income | 75 | - | €684 | +€684 | |
| Financial charges | 65/66B | €472 | €1,745 | +€1,274 | +269.9% |
| Recurring financial charges | 65 | €472 | €1,745 | +€1,274 | +269.9% |
| Profit (loss) for the period before taxes | 9903 | €19,402 | €111,271 | +€91,868 | +473.5% |
| Income taxes | 67/77 | €4,029 | €23,990 | +€19,960 | +495.4% |
| Profit (loss) for the period | 9904 | €15,373 | €87,281 | +€71,908 | +467.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,373 | €87,281 | +€71,908 | +467.7% |
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 8 October 2026 via checked.be.