B_A: 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.
B_A
Largest movements
- Stocks and contracts +€60,852
up €60,852 (+124.3%), from €48,975 to €109,826
- Financial fixed assets +€5,850
new in 2025: €5,850
- Receivables within one year +€4,773
up €4,773 (+56.2%), from €8,490 to €13,263
of which Trade receivables: +€8,330
- Cash +€4,523
up €4,523 (+443.1%), from €1,021 to €5,544
mainly Other debts (+€38,044) and Trade debts (+€30,095)
- Intangible fixed assets -€4,000
down €4,000 (-10.3%), from €38,852 to €34,852
- Other debts +€38,044
up €38,044 (+49.7%), from €76,625 to €114,669
- Trade debts +€30,095
up €30,095 (+139.9%), from €21,513 to €51,608
- Tax, wage and social debts +€8,167
up €8,167 (+478.7%), from €1,706 to €9,873
- Reserves -€3,151
down €3,151 (-70.8%), from €4,448 to €1,297
- Gross operating margin +€33,975
up €33,975 (+151.4%), from €22,444 to €56,419
- Staff costs +€31,379
up €31,379 (+340.8%), from €9,208 to €40,588
- Financial charges +€3,779
up €3,779 (+4366.3%), from €87 to €3,866
- Other operating charges +€3,721
up €3,721 (+81.5%), from €4,563 to €8,284
- Depreciation +€2,290
up €2,290 (+94.1%), from €2,434 to €4,724
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 | €106,293 | €179,447 | +€73,155 | +68.8% |
| Fixed assets | 21/28 | €41,246 | €46,272 | +€5,026 | +12.2% |
| Intangible fixed assets | 21 | €38,852 | €34,852 | -€4,000 | -10.3% |
| Tangible fixed assets | 22/27 | €2,393 | €5,569 | +€3,176 | +132.7% |
| Land and buildings | 22 | €2,393 | €1,893 | -€500 | -20.9% |
| Plant, machinery and equipment | 23 | - | €3,676 | +€3,676 | |
| Financial fixed assets | 28 | - | €5,850 | +€5,850 | |
| Current assets | 29/58 | €65,047 | €133,176 | +€68,129 | +104.7% |
| Stocks and contracts in progress | 3 | €48,975 | €109,826 | +€60,852 | +124.3% |
| Stocks | 30/36 | €48,975 | €109,826 | +€60,852 | +124.3% |
| Amounts receivable within one year | 40/41 | €8,490 | €13,263 | +€4,773 | +56.2% |
| Trade receivables | 40 | €3,443 | €11,774 | +€8,330 | +241.9% |
| Other amounts receivable | 41 | €5,047 | €1,489 | -€3,558 | -70.5% |
| Cash at bank and in hand | 54/58 | €1,021 | €5,544 | +€4,523 | +443.1% |
| Deferred charges and accrued income | 490/1 | €6,561 | €4,542 | -€2,019 | -30.8% |
| Total equity and liabilities | 10/49 | €106,293 | €179,447 | +€73,155 | +68.8% |
| Equity | 10/15 | €6,448 | €3,297 | -€3,151 | -48.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,448 | €1,297 | -€3,151 | -70.8% |
| Distributable reserves | 133 | €4,448 | €1,297 | -€3,151 | -70.8% |
| Amounts payable | 17/49 | €99,844 | €176,151 | +€76,306 | +76.4% |
| Amounts payable within one year | 42/48 | €99,844 | €176,151 | +€76,306 | +76.4% |
| Trade debts | 44 | €21,513 | €51,608 | +€30,095 | +139.9% |
| Suppliers | 440/4 | €21,513 | €51,608 | +€30,095 | +139.9% |
| Taxes, remuneration and social security | 45 | €1,706 | €9,873 | +€8,167 | +478.7% |
| Taxes | 450/3 | €1,706 | €9,873 | +€8,167 | +478.7% |
| Other amounts payable | 47/48 | €76,625 | €114,669 | +€38,044 | +49.7% |
| Remuneration, social security and pensions | 62 | €9,208 | €40,588 | +€31,379 | +340.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,434 | €4,724 | +€2,290 | +94.1% |
| Other operating charges | 640/8 | €4,563 | €8,284 | +€3,721 | +81.5% |
| Gross operating margin | 9900 | €22,444 | €56,419 | +€33,975 | +151.4% |
| Operating profit (loss) | 9901 | €6,238 | €2,823 | -€3,415 | -54.7% |
| Financial income | 75/76B | €3 | €1 | -€2 | -79.6% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -79.6% |
| Financial charges | 65/66B | €87 | €3,866 | +€3,779 | +4366.3% |
| Recurring financial charges | 65 | €87 | €3,866 | +€3,779 | +4366.3% |
| Profit (loss) for the period before taxes | 9903 | €6,154 | -€1,042 | -€7,197 | |
| Income taxes | 67/77 | €1,706 | €2,109 | +€403 | +23.6% |
| Profit (loss) for the period | 9904 | €4,448 | -€3,151 | -€7,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,448 | -€3,151 | -€7,600 |
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 30 September 2026 via checked.be.