ATTTENTION: 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.
ATTTENTION
Largest movements
- Receivables within one year +€32,507
up €32,507 (+145.9%), from €22,285 to €54,792
of which Trade receivables: +€19,734
- Tangible fixed assets -€10,908
down €10,908 (-34.7%), from €31,454 to €20,547
of which Furniture and vehicles: -€10,548
- Stocks and contracts +€5,500
new in 2025: €5,500
- Cash -€4,309
down €4,309 (-6.1%), from €71,008 to €66,699
mainly Contributions, distributions and other (-€39,153) and Receivables within one year (-€32,507)
- Other debts +€45,330
up €45,330 (+177.2%), from €25,578 to €70,908
- Reserves -€28,754
down €28,754 (-31.7%), from €90,643 to €61,889
- Tax, wage and social debts +€12,009
up €12,009 (+1158.3%), from €1,037 to €13,046
- Trade debts +€8,666
up €8,666 (+478.8%), from €1,810 to €10,476
- Current portion of long-term debt -€8,303
down €8,303 (-57.6%), from €14,412 to €6,109
- Gross operating margin +€21,702
up €21,702 (+186.8%), from €11,616 to €33,319
- Taxes +€5,189
up €5,189 (+3052.5%), from €170 to €5,359
- Depreciation -€395
down €395 (-2.7%), from €14,806 to €14,411
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 | €127,146 | €149,986 | +€22,840 | +18.0% |
| Fixed assets | 21/28 | €31,454 | €20,547 | -€10,908 | -34.7% |
| Tangible fixed assets | 22/27 | €31,454 | €20,547 | -€10,908 | -34.7% |
| Plant, machinery and equipment | 23 | €857 | €498 | -€359 | -41.9% |
| Furniture and vehicles | 24 | €30,597 | €20,049 | -€10,548 | -34.5% |
| Current assets | 29/58 | €95,692 | €129,439 | +€33,747 | +35.3% |
| Stocks and contracts in progress | 3 | - | €5,500 | +€5,500 | |
| Stocks | 30/36 | - | €5,500 | +€5,500 | |
| Amounts receivable within one year | 40/41 | €22,285 | €54,792 | +€32,507 | +145.9% |
| Trade receivables | 40 | €18,455 | €38,189 | +€19,734 | +106.9% |
| Other amounts receivable | 41 | €3,830 | €16,603 | +€12,773 | +333.5% |
| Cash at bank and in hand | 54/58 | €71,008 | €66,699 | -€4,309 | -6.1% |
| Deferred charges and accrued income | 490/1 | €2,399 | €2,448 | +€49 | +2.0% |
| Total equity and liabilities | 10/49 | €127,146 | €149,986 | +€22,840 | +18.0% |
| Equity | 10/15 | €78,201 | €49,447 | -€28,754 | -36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,643 | €61,889 | -€28,754 | -31.7% |
| Distributable reserves | 133 | €90,643 | €61,889 | -€28,754 | -31.7% |
| Profit (loss) carried forward | 14 | -€31,042 | -€31,042 | = | 0.0% |
| Amounts payable | 17/49 | €48,945 | €100,539 | +€51,593 | +105.4% |
| Amounts payable after more than one year | 17 | €6,109 | - | -€6,109 | |
| Financial debts | 170/4 | €6,109 | - | -€6,109 | |
| Amounts payable within one year | 42/48 | €42,836 | €100,539 | +€57,702 | +134.7% |
| Current portion of amounts payable after more than one year | 42 | €14,412 | €6,109 | -€8,303 | -57.6% |
| Trade debts | 44 | €1,810 | €10,476 | +€8,666 | +478.8% |
| Suppliers | 440/4 | €1,810 | €10,476 | +€8,666 | +478.8% |
| Taxes, remuneration and social security | 45 | €1,037 | €13,046 | +€12,009 | +1158.3% |
| Taxes | 450/3 | €1,037 | €13,046 | +€12,009 | +1158.3% |
| Other amounts payable | 47/48 | €25,578 | €70,908 | +€45,330 | +177.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,806 | €14,411 | -€395 | -2.7% |
| Other operating charges | 640/8 | €700 | €752 | +€52 | +7.4% |
| Gross operating margin | 9900 | €11,616 | €33,319 | +€21,702 | +186.8% |
| Operating profit (loss) | 9901 | -€3,889 | €18,156 | +€22,045 | |
| Financial income | 75/76B | €0 | €96 | +€96 | +964600.0% |
| Recurring financial income | 75 | €0 | €96 | +€96 | +964600.0% |
| Financial charges | 65/66B | €2,619 | €2,494 | -€125 | -4.8% |
| Recurring financial charges | 65 | €2,619 | €2,494 | -€125 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,508 | €15,758 | +€22,266 | |
| Income taxes | 67/77 | €170 | €5,359 | +€5,189 | +3052.5% |
| Profit (loss) for the period | 9904 | -€6,678 | €10,399 | +€17,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,678 | €10,399 | +€17,077 |
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 6 October 2026 via checked.be.