Authorization Wanted: 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.
Authorization Wanted
Largest movements
- Cash +€47,442
up €47,442 (+60.4%), from €78,608 to €126,050
mainly Net result for the year (+€33,953) and Tax, wage and social debts (+€7,439)
- Receivables within one year -€2,959
down €2,959 (-8.9%), from €33,261 to €30,302
of which Trade receivables: -€1,959
- Profit (loss) carried forward +€33,953
up €33,953 (+43.2%), from €78,589 to €112,542
- Tax, wage and social debts +€7,439
up €7,439 (+51.3%), from €14,510 to €21,949
- Current portion of long-term debt +€2,614
new in 2025: €2,614
- Other debts -€1,818
down €1,818 (-13.1%), from €13,873 to €12,055
- Gross operating margin +€10,597
up €10,597 (+29.6%), from €35,826 to €46,423
- Taxes +€5,519
up €5,519 (+114%), from €4,828 to €10,347
- Depreciation -€2,573
down €2,573 (-63.8%), from €4,031 to €1,458
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 | €114,333 | €157,358 | +€43,025 | +37.6% |
| Fixed assets | 21/28 | €2,464 | €1,006 | -€1,458 | -59.2% |
| Tangible fixed assets | 22/27 | €2,464 | €1,006 | -€1,458 | -59.2% |
| Furniture and vehicles | 24 | €2,464 | €1,006 | -€1,458 | -59.2% |
| Current assets | 29/58 | €111,869 | €156,352 | +€44,483 | +39.8% |
| Amounts receivable within one year | 40/41 | €33,261 | €30,302 | -€2,959 | -8.9% |
| Trade receivables | 40 | €29,261 | €27,302 | -€1,959 | -6.7% |
| Other amounts receivable | 41 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €78,608 | €126,050 | +€47,442 | +60.4% |
| Total equity and liabilities | 10/49 | €114,333 | €157,358 | +€43,025 | +37.6% |
| Equity | 10/15 | €84,789 | €118,742 | +€33,953 | +40.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,589 | €112,542 | +€33,953 | +43.2% |
| Amounts payable | 17/49 | €29,544 | €38,616 | +€9,072 | +30.7% |
| Amounts payable within one year | 42/48 | €29,544 | €38,616 | +€9,072 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,614 | +€2,614 | |
| Trade debts | 44 | €1,161 | €1,998 | +€837 | +72.1% |
| Suppliers | 440/4 | €1,161 | €1,998 | +€837 | +72.1% |
| Taxes, remuneration and social security | 45 | €14,510 | €21,949 | +€7,439 | +51.3% |
| Taxes | 450/3 | €14,510 | €21,949 | +€7,439 | +51.3% |
| Other amounts payable | 47/48 | €13,873 | €12,055 | -€1,818 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,031 | €1,458 | -€2,573 | -63.8% |
| Other operating charges | 640/8 | €414 | €492 | +€78 | +18.8% |
| Gross operating margin | 9900 | €35,826 | €46,423 | +€10,597 | +29.6% |
| Operating profit (loss) | 9901 | €31,381 | €44,473 | +€13,092 | +41.7% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €219 | €190 | -€29 | -13.2% |
| Recurring financial charges | 65 | €219 | €190 | -€29 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €31,162 | €44,300 | +€13,138 | +42.2% |
| Income taxes | 67/77 | €4,828 | €10,347 | +€5,519 | +114% |
| Profit (loss) for the period | 9904 | €26,334 | €33,953 | +€7,619 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,334 | €33,953 | +€7,619 | +28.9% |
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 18 October 2026 via checked.be.