AS SEEN IN: 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 SEEN IN
Largest movements
- Receivables within one year +€10,578
up €10,578 (+9.7%), from €109,174 to €119,752
of which Other amounts receivable: +€9,057
- Cash +€5,876
up €5,876 (+168.9%), from €3,479 to €9,355
mainly Net result for the year (+€10,550) and Trade debts (+€9,620)
- Profit (loss) carried forward +€10,550
up €10,550 (+69.5%), from €15,178 to €25,728
- Trade debts +€9,620
up €9,620 (+25.0%), from €38,478 to €48,099
- Tax, wage and social debts -€3,822
down €3,822 (-20.3%), from €18,856 to €15,033
- Gross operating margin +€18,059
up €18,059 (+185.9%), from €9,717 to €27,776
- Financial charges +€5,353
up €5,353 (+65.8%), from €8,138 to €13,491
- Taxes +€3,673
up €3,673 (+247.0%), from €1,487 to €5,161
- Other operating charges +€2,425
up €2,425 (+404.2%), from €600 to €3,025
- Financial income -€639
down €639 (-12.3%), from €5,197 to €4,559
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 | €112,920 | €129,268 | +€16,348 | +14.5% |
| Fixed assets | 21/28 | €268 | €161 | -€107 | -39.9% |
| Tangible fixed assets | 22/27 | €268 | €161 | -€107 | -39.9% |
| Plant, machinery and equipment | 23 | €268 | €161 | -€107 | -39.9% |
| Current assets | 29/58 | €112,652 | €129,107 | +€16,455 | +14.6% |
| Amounts receivable within one year | 40/41 | €109,174 | €119,752 | +€10,578 | +9.7% |
| Trade receivables | 40 | €31,861 | €33,382 | +€1,521 | +4.8% |
| Other amounts receivable | 41 | €77,313 | €86,370 | +€9,057 | +11.7% |
| Cash at bank and in hand | 54/58 | €3,479 | €9,355 | +€5,876 | +168.9% |
| Total equity and liabilities | 10/49 | €112,920 | €129,268 | +€16,348 | +14.5% |
| Equity | 10/15 | €35,578 | €46,128 | +€10,550 | +29.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,178 | €25,728 | +€10,550 | +69.5% |
| Amounts payable | 17/49 | €77,342 | €83,140 | +€5,798 | +7.5% |
| Amounts payable within one year | 42/48 | €77,342 | €83,140 | +€5,798 | +7.5% |
| Financial debts | 43 | €20,008 | €20,007 | -€0 | 0.0% |
| Credit institutions | 430/8 | €20,008 | €20,007 | -€0 | 0.0% |
| Trade debts | 44 | €38,478 | €48,099 | +€9,620 | +25.0% |
| Suppliers | 440/4 | €38,478 | €48,099 | +€9,620 | +25.0% |
| Taxes, remuneration and social security | 45 | €18,856 | €15,033 | -€3,822 | -20.3% |
| Taxes | 450/3 | €18,856 | €15,033 | -€3,822 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53 | €107 | +€54 | +101.7% |
| Other operating charges | 640/8 | €600 | €3,025 | +€2,425 | +404.2% |
| Gross operating margin | 9900 | €9,717 | €27,776 | +€18,059 | +185.9% |
| Operating profit (loss) | 9901 | €9,064 | €24,643 | +€15,580 | +171.9% |
| Financial income | 75/76B | €5,197 | €4,559 | -€639 | -12.3% |
| Recurring financial income | 75 | €5,197 | €4,559 | -€639 | -12.3% |
| Financial charges | 65/66B | €8,138 | €13,491 | +€5,353 | +65.8% |
| Recurring financial charges | 65 | €8,138 | €13,491 | +€5,353 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €6,123 | €15,711 | +€9,588 | +156.6% |
| Income taxes | 67/77 | €1,487 | €5,161 | +€3,673 | +247.0% |
| Profit (loss) for the period | 9904 | €4,636 | €10,550 | +€5,914 | +127.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,636 | €10,550 | +€5,914 | +127.6% |
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 9 October 2026 via checked.be.