AT RUNTIME: 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.
AT RUNTIME
Largest movements
- Cash +€43,291
up €43,291 (+1,211%), from €3,574 to €46,865
mainly Net result for the year (+€37,294) and Deferred charges and accrued income (+€18,611)
- Deferred charges and accrued income -€18,611
no longer reported in 2025 (was €18,611)
- Tangible fixed assets +€17,286
up €17,286 (+221%), from €7,810 to €25,097
of which Other tangible fixed assets: +€14,844
- Receivables within one year +€12,662
up €12,662 (+243%), from €5,204 to €17,865
of which Trade receivables: +€15,201
- Profit (loss) carried forward +€37,294
up €37,294 (+26,149%), from €143 to €37,437
- Tax, wage and social debts +€16,773
up €16,773 (+860%), from €1,951 to €18,723
of which Taxes: +€15,456
- Other debts -€4,327
down €4,327 (-16.0%), from €27,000 to €22,672
- Trade debts +€2,634
up €2,634 (+84.8%), from €3,105 to €5,739
- Accrued charges and deferred income +€2,255
new in 2025: €2,255
- Gross operating margin +€69,393
up €69,393 (+3,893%), from €1,783 to €71,175
- Taxes +€9,273
up €9,273 (+32,743%), from €28 to €9,301
- Financial charges +€2,520
up €2,520 (+433%), from €582 to €3,102
- Depreciation +€1,396
up €1,396 (+203%), from €687 to €2,083
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 | €35,198 | €89,827 | +€54,629 | +155% |
| Fixed assets | 21/28 | €7,810 | €25,097 | +€17,286 | +221% |
| Tangible fixed assets | 22/27 | €7,810 | €25,097 | +€17,286 | +221% |
| Plant, machinery and equipment | 23 | - | €2,442 | +€2,442 | |
| Other tangible fixed assets | 26 | €7,810 | €22,655 | +€14,844 | +190% |
| Current assets | 29/58 | €27,388 | €64,731 | +€37,343 | +136% |
| Amounts receivable within one year | 40/41 | €5,204 | €17,865 | +€12,662 | +243% |
| Trade receivables | 40 | €1,962 | €17,163 | +€15,201 | +775% |
| Other amounts receivable | 41 | €3,241 | €702 | -€2,539 | -78.3% |
| Cash at bank and in hand | 54/58 | €3,574 | €46,865 | +€43,291 | +1,211% |
| Deferred charges and accrued income | 490/1 | €18,611 | - | -€18,611 | |
| Total equity and liabilities | 10/49 | €35,198 | €89,827 | +€54,629 | +155% |
| Equity | 10/15 | €3,143 | €40,437 | +€37,294 | +1,187% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143 | €37,437 | +€37,294 | +26,149% |
| Amounts payable | 17/49 | €32,056 | €49,390 | +€17,335 | +54.1% |
| Amounts payable within one year | 42/48 | €32,056 | €47,135 | +€15,080 | +47.0% |
| Trade debts | 44 | €3,105 | €5,739 | +€2,634 | +84.8% |
| Suppliers | 440/4 | €3,105 | €5,739 | +€2,634 | +84.8% |
| Taxes, remuneration and social security | 45 | €1,951 | €18,723 | +€16,773 | +860% |
| Taxes | 450/3 | €1,951 | €17,407 | +€15,456 | +792% |
| Remuneration and social security | 454/9 | - | €1,317 | +€1,317 | |
| Other amounts payable | 47/48 | €27,000 | €22,672 | -€4,327 | -16.0% |
| Accrued charges and deferred income | 492/3 | - | €2,255 | +€2,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €2,083 | +€1,396 | +203% |
| Other operating charges | 640/8 | €343 | €436 | +€94 | +27.3% |
| Non-recurring operating charges | 66A | - | €19,150 | +€19,150 | |
| Gross operating margin | 9900 | €1,783 | €71,175 | +€69,393 | +3,893% |
| Operating profit (loss) | 9901 | €753 | €49,505 | +€48,753 | +6,477% |
| Financial income | 75/76B | - | €192 | +€192 | |
| Recurring financial income | 75 | - | €192 | +€192 | |
| Financial charges | 65/66B | €582 | €3,102 | +€2,520 | +433% |
| Recurring financial charges | 65 | €582 | €3,102 | +€2,520 | +433% |
| Profit (loss) for the period before taxes | 9903 | €171 | €46,596 | +€46,425 | +27,158% |
| Income taxes | 67/77 | €28 | €9,301 | +€9,273 | +32,743% |
| Profit (loss) for the period | 9904 | €143 | €37,294 | +€37,152 | +26,049% |
| Profit (loss) for the period to be appropriated | 9905 | €143 | €37,294 | +€37,152 | +26,049% |
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 27 October 2026 via checked.be.