As@r: 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.
As@r
Largest movements
- Tangible fixed assets +€46,138
up €46,138 (+4,998%), from €923 to €47,061
of which Furniture and vehicles: +€46,460
- Receivables within one year +€21,465
up €21,465 (+67.1%), from €31,976 to €53,440
of which Trade receivables: +€11,955
- Debts after one year +€27,021
up €27,021 (+819%), from €3,299 to €30,320
- Reserves +€16,176
up €16,176 (+117%), from €13,775 to €29,951
- Current portion of long-term debt +€10,353
up €10,353 (+329%), from €3,142 to €13,496
- Short-term financial debts +€7,471
up €7,471, from €0 to €7,471
- Tax, wage and social debts +€5,755
up €5,755 (+84.7%), from €6,793 to €12,549
- Depreciation -€1,386
down €1,386 (-28.7%), from €4,832 to €3,446
- Taxes +€640
up €640 (+9.9%), from €6,454 to €7,094
- Other operating charges +€426
up €426 (+154%), from €276 to €702
- Gross operating margin +€425
up €425 (+1.5%), from €27,465 to €27,890
- Financial income +€400
up €400 (+44.9%), from €890 to €1,290
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 | €34,634 | €103,883 | +€69,250 | +200% |
| Fixed assets | 21/28 | €923 | €47,061 | +€46,138 | +4,998% |
| Tangible fixed assets | 22/27 | €923 | €47,061 | +€46,138 | +4,998% |
| Plant, machinery and equipment | 23 | €923 | €601 | -€322 | -34.9% |
| Furniture and vehicles | 24 | €0 | €46,460 | +€46,460 | |
| Current assets | 29/58 | €33,711 | €56,822 | +€23,111 | +68.6% |
| Amounts receivable within one year | 40/41 | €31,976 | €53,440 | +€21,465 | +67.1% |
| Trade receivables | 40 | €11,844 | €23,798 | +€11,955 | +101% |
| Other amounts receivable | 41 | €20,132 | €29,642 | +€9,510 | +47.2% |
| Cash at bank and in hand | 54/58 | €1,735 | €2,408 | +€673 | +38.8% |
| Deferred charges and accrued income | 490/1 | - | €974 | +€974 | |
| Total equity and liabilities | 10/49 | €34,634 | €103,883 | +€69,250 | +200% |
| Equity | 10/15 | €20,075 | €36,251 | +€16,176 | +80.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €13,775 | €29,951 | +€16,176 | +117% |
| Distributable reserves | 133 | €13,775 | €29,951 | +€16,176 | +117% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,559 | €67,632 | +€53,074 | +365% |
| Amounts payable after more than one year | 17 | €3,299 | €30,320 | +€27,021 | +819% |
| Financial debts | 170/4 | €3,299 | €30,320 | +€27,021 | +819% |
| Amounts payable within one year | 42/48 | €11,260 | €37,313 | +€26,053 | +231% |
| Current portion of amounts payable after more than one year | 42 | €3,142 | €13,496 | +€10,353 | +329% |
| Financial debts | 43 | €0 | €7,471 | +€7,471 | |
| Credit institutions | 430/8 | €0 | €7,471 | +€7,471 | |
| Trade debts | 44 | €1,324 | €3,798 | +€2,473 | +187% |
| Suppliers | 440/4 | €1,324 | €3,798 | +€2,473 | +187% |
| Taxes, remuneration and social security | 45 | €6,793 | €12,549 | +€5,755 | +84.7% |
| Taxes | 450/3 | €6,793 | €12,549 | +€5,755 | +84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,832 | €3,446 | -€1,386 | -28.7% |
| Other operating charges | 640/8 | €276 | €702 | +€426 | +154% |
| Gross operating margin | 9900 | €27,465 | €27,890 | +€425 | +1.5% |
| Operating profit (loss) | 9901 | €22,356 | €23,741 | +€1,385 | +6.2% |
| Financial income | 75/76B | €890 | €1,290 | +€400 | +44.9% |
| Recurring financial income | 75 | €890 | €1,290 | +€400 | +44.9% |
| Financial charges | 65/66B | €1,737 | €1,761 | +€24 | +1.4% |
| Recurring financial charges | 65 | €1,737 | €1,761 | +€24 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €21,509 | €23,270 | +€1,761 | +8.2% |
| Income taxes | 67/77 | €6,454 | €7,094 | +€640 | +9.9% |
| Profit (loss) for the period | 9904 | €15,055 | €16,176 | +€1,121 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,055 | €16,176 | +€1,121 | +7.4% |
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 24 October 2026 via checked.be.