AT: 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.
AT
Largest movements
- Tangible fixed assets +€56,247
new in 2025: €56,247
- Cash +€53,479
up €53,479 (+128.0%), from €41,765 to €95,244
mainly Net result for the year (+€40,399) and Other debts (+€39,880)
- Receivables within one year -€20,096
down €20,096 (-57.9%), from €34,731 to €14,635
of which Other amounts receivable: -€21,451
- Other debts +€39,880
up €39,880 (+9486.1%), from €420 to €40,300
- Debts after one year +€36,089
new in 2025: €36,089
- Current portion of long-term debt +€9,143
new in 2025: €9,143
- Trade debts +€5,858
up €5,858 (+1432.1%), from €409 to €6,267
- Gross operating margin +€16,076
up €16,076 (+37.8%), from €42,571 to €58,647
- Depreciation +€4,171
new in 2025: €4,171
- Taxes +€2,335
up €2,335 (+25.1%), from €9,320 to €11,655
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 | €76,626 | €167,694 | +€91,068 | +118.8% |
| Fixed assets | 21/28 | - | €56,247 | +€56,247 | |
| Tangible fixed assets | 22/27 | - | €56,247 | +€56,247 | |
| Furniture and vehicles | 24 | - | €56,247 | +€56,247 | |
| Current assets | 29/58 | €76,626 | €111,447 | +€34,821 | +45.4% |
| Amounts receivable within one year | 40/41 | €34,731 | €14,635 | -€20,096 | -57.9% |
| Trade receivables | 40 | €9,598 | €10,953 | +€1,355 | +14.1% |
| Other amounts receivable | 41 | €25,133 | €3,682 | -€21,451 | -85.3% |
| Cash at bank and in hand | 54/58 | €41,765 | €95,244 | +€53,479 | +128.0% |
| Deferred charges and accrued income | 490/1 | €129 | €1,568 | +€1,438 | +1112.5% |
| Total equity and liabilities | 10/49 | €76,626 | €167,694 | +€91,068 | +118.8% |
| Equity | 10/15 | €75,796 | €75,895 | +€99 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,796 | €70,895 | +€99 | +0.1% |
| Distributable reserves | 133 | €70,796 | €70,895 | +€99 | +0.1% |
| Amounts payable | 17/49 | €829 | €91,799 | +€90,970 | +10967.5% |
| Amounts payable after more than one year | 17 | - | €36,089 | +€36,089 | |
| Financial debts | 170/4 | - | €36,089 | +€36,089 | |
| Amounts payable within one year | 42/48 | €829 | €55,710 | +€54,880 | +6616.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,143 | +€9,143 | |
| Trade debts | 44 | €409 | €6,267 | +€5,858 | +1432.1% |
| Suppliers | 440/4 | €409 | €6,267 | +€5,858 | +1432.1% |
| Other amounts payable | 47/48 | €420 | €40,300 | +€39,880 | +9486.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,171 | +€4,171 | |
| Other operating charges | 640/8 | €1,017 | €1,212 | +€195 | +19.1% |
| Gross operating margin | 9900 | €42,571 | €58,647 | +€16,076 | +37.8% |
| Operating profit (loss) | 9901 | €41,554 | €53,264 | +€11,710 | +28.2% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €741 | €1,221 | +€480 | +64.9% |
| Recurring financial charges | 65 | €741 | €1,221 | +€480 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €40,813 | €52,054 | +€11,241 | +27.5% |
| Income taxes | 67/77 | €9,320 | €11,655 | +€2,335 | +25.1% |
| Profit (loss) for the period | 9904 | €31,493 | €40,399 | +€8,906 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,493 | €40,399 | +€8,906 | +28.3% |
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 30 September 2026 via checked.be.