AUGUST 19: 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.
AUGUST 19
Largest movements
- Cash +€48,050
up €48,050 (+284%), from €16,933 to €64,983
mainly Net result for the year (+€51,862) and Tax, wage and social debts (+€18,720)
- Receivables within one year +€6,512
up €6,512 (+29.0%), from €22,470 to €28,982
of which Trade receivables: +€6,514
- Tangible fixed assets +€1,033
new in 2025: €1,033
- Reserves +€51,862
up €51,862 (+785%), from €6,610 to €58,472
- Tax, wage and social debts +€18,720
up €18,720 (+165%), from €11,319 to €30,040
- Trade debts -€15,228
down €15,228 (-89.2%), from €17,065 to €1,837
- Gross operating margin +€57,742
up €57,742 (+590%), from €9,789 to €67,530
- Taxes +€13,046
up €13,046 (+687%), from €1,899 to €14,945
- Depreciation -€937
down €937 (-82.9%), from €1,130 to €194
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 | €39,403 | €94,998 | +€55,595 | +141% |
| Fixed assets | 21/28 | - | €1,033 | +€1,033 | |
| Tangible fixed assets | 22/27 | - | €1,033 | +€1,033 | |
| Furniture and vehicles | 24 | - | €1,033 | +€1,033 | |
| Current assets | 29/58 | €39,403 | €93,965 | +€54,563 | +138% |
| Amounts receivable within one year | 40/41 | €22,470 | €28,982 | +€6,512 | +29.0% |
| Trade receivables | 40 | €22,469 | €28,982 | +€6,514 | +29.0% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100% |
| Cash at bank and in hand | 54/58 | €16,933 | €64,983 | +€48,050 | +284% |
| Total equity and liabilities | 10/49 | €39,403 | €94,998 | +€55,595 | +141% |
| Equity | 10/15 | €9,610 | €61,472 | +€51,862 | +540% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,610 | €58,472 | +€51,862 | +785% |
| Distributable reserves | 133 | €6,610 | €58,472 | +€51,862 | +785% |
| Amounts payable | 17/49 | €29,793 | €33,526 | +€3,733 | +12.5% |
| Amounts payable within one year | 42/48 | €29,793 | €33,456 | +€3,663 | +12.3% |
| Trade debts | 44 | €17,065 | €1,837 | -€15,228 | -89.2% |
| Suppliers | 440/4 | €17,065 | €1,837 | -€15,228 | -89.2% |
| Taxes, remuneration and social security | 45 | €11,319 | €30,040 | +€18,720 | +165% |
| Taxes | 450/3 | €11,319 | €30,040 | +€18,720 | +165% |
| Other amounts payable | 47/48 | €1,409 | €1,580 | +€171 | +12.1% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,130 | €194 | -€937 | -82.9% |
| Other operating charges | 640/8 | €106 | €432 | +€326 | +309% |
| Gross operating margin | 9900 | €9,789 | €67,530 | +€57,742 | +590% |
| Operating profit (loss) | 9901 | €8,553 | €66,905 | +€58,352 | +682% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €43 | €114 | +€71 | +163% |
| Recurring financial charges | 65 | €43 | €114 | +€71 | +163% |
| Profit (loss) for the period before taxes | 9903 | €8,509 | €66,807 | +€58,298 | +685% |
| Income taxes | 67/77 | €1,899 | €14,945 | +€13,046 | +687% |
| Profit (loss) for the period | 9904 | €6,610 | €51,862 | +€45,252 | +685% |
| Profit (loss) for the period to be appropriated | 9905 | €6,610 | €51,862 | +€45,252 | +685% |
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 20 October 2026 via checked.be.