B: 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.
B
Largest movements
- Cash +€13,753
up €13,753 (+160%), from €8,618 to €22,371
mainly Net result for the year (+€42,634) and Depreciation (+€1,297)
- Reserves +€42,634
up €42,634 (+41.4%), from €102,925 to €145,559
- Debts after one year -€31,000
down €31,000 (-24.2%), from €128,000 to €97,000
of which Other amounts payable: -€25,000
- Gross operating margin +€7,307
up €7,307 (+13.3%), from €54,889 to €62,196
- Financial income -€2,001
down €2,001 (-100.0%), from €2,001 to €0
- Taxes +€1,853
up €1,853 (+13.2%), from €14,036 to €15,889
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 | €257,523 | €270,042 | +€12,519 | +4.9% |
| Formation expenses | 20 | €572 | €331 | -€242 | -42.2% |
| Fixed assets | 21/28 | €234,689 | €234,911 | +€223 | +0.1% |
| Tangible fixed assets | 22/27 | €4,689 | €4,911 | +€223 | +4.7% |
| Furniture and vehicles | 24 | €4,689 | €3,671 | -€1,017 | -21.7% |
| Other tangible fixed assets | 26 | - | €1,240 | +€1,240 | |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €22,262 | €34,800 | +€12,538 | +56.3% |
| Amounts receivable within one year | 40/41 | €13,525 | €12,299 | -€1,226 | -9.1% |
| Trade receivables | 40 | €13,507 | €12,297 | -€1,210 | -9.0% |
| Other amounts receivable | 41 | €17 | €1 | -€16 | -92.6% |
| Cash at bank and in hand | 54/58 | €8,618 | €22,371 | +€13,753 | +160% |
| Deferred charges and accrued income | 490/1 | €119 | €130 | +€11 | +9.0% |
| Total equity and liabilities | 10/49 | €257,523 | €270,042 | +€12,519 | +4.9% |
| Equity | 10/15 | €104,925 | €147,559 | +€42,634 | +40.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €102,925 | €145,559 | +€42,634 | +41.4% |
| Distributable reserves | 133 | €102,925 | €145,559 | +€42,634 | +41.4% |
| Amounts payable | 17/49 | €152,597 | €122,483 | -€30,114 | -19.7% |
| Amounts payable after more than one year | 17 | €128,000 | €97,000 | -€31,000 | -24.2% |
| Financial debts | 170/4 | €78,000 | €72,000 | -€6,000 | -7.7% |
| Other amounts payable | 178/9 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Amounts payable within one year | 42/48 | €24,012 | €24,943 | +€931 | +3.9% |
| Trade debts | 44 | €611 | €388 | -€223 | -36.5% |
| Suppliers | 440/4 | €611 | €388 | -€223 | -36.5% |
| Taxes, remuneration and social security | 45 | €23,363 | €24,555 | +€1,192 | +5.1% |
| Taxes | 450/3 | €23,363 | €24,555 | +€1,192 | +5.1% |
| Other amounts payable | 47/48 | €38 | - | -€38 | |
| Accrued charges and deferred income | 492/3 | €585 | €540 | -€45 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €1,297 | +€310 | +31.5% |
| Other operating charges | 640/8 | €895 | €978 | +€83 | +9.3% |
| Gross operating margin | 9900 | €54,889 | €62,196 | +€7,307 | +13.3% |
| Operating profit (loss) | 9901 | €53,007 | €59,921 | +€6,914 | +13.0% |
| Financial income | 75/76B | €2,001 | €0 | -€2,001 | -100.0% |
| Recurring financial income | 75 | €2,001 | €0 | -€2,001 | -100.0% |
| Financial charges | 65/66B | €1,447 | €1,399 | -€49 | -3.4% |
| Recurring financial charges | 65 | €1,447 | €1,399 | -€49 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €53,561 | €58,522 | +€4,962 | +9.3% |
| Income taxes | 67/77 | €14,036 | €15,889 | +€1,853 | +13.2% |
| Profit (loss) for the period | 9904 | €39,524 | €42,634 | +€3,109 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,524 | €42,634 | +€3,109 | +7.9% |
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 17 October 2026 via checked.be.