BAD OPERATIONS: 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.
BAD OPERATIONS
Largest movements
- Cash +€80,087
new in 2025: €80,087
mainly Receivables within one year (+€78,402) and Net result for the year (+€24,778)
- Receivables within one year -€78,402
down €78,402 (-38.8%), from €201,911 to €123,509
- Deferred charges and accrued income +€4,745
new in 2025: €4,745
- Other debts -€30,000
down €30,000 (-47.3%), from €63,457 to €33,457
- Profit (loss) carried forward +€24,778
up €24,778 (+7.3%), from €337,647 to €362,425
- Tax, wage and social debts +€7,921
up €7,921 (+1360.0%), from €582 to €8,503
- Gross operating margin +€30,893
new in 2025: €30,893
- Taxes +€8,016
up €8,016 (+3289.2%), from €244 to €8,259
- Financial income +€3,207
up €3,207 (+170.9%), from €1,876 to €5,083
- Financial charges +€881
up €881 (+133.9%), from €658 to €1,539
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 | €427,212 | €433,642 | +€6,430 | +1.5% |
| Fixed assets | 21/28 | €225,301 | €225,301 | = | 0.0% |
| Financial fixed assets | 28 | €225,301 | €225,301 | = | 0.0% |
| Current assets | 29/58 | €201,911 | €208,341 | +€6,430 | +3.2% |
| Amounts receivable within one year | 40/41 | €201,911 | €123,509 | -€78,402 | -38.8% |
| Other amounts receivable | 41 | €201,911 | €123,509 | -€78,402 | -38.8% |
| Cash at bank and in hand | 54/58 | - | €80,087 | +€80,087 | |
| Deferred charges and accrued income | 490/1 | - | €4,745 | +€4,745 | |
| Total equity and liabilities | 10/49 | €427,212 | €433,642 | +€6,430 | +1.5% |
| Equity | 10/15 | €363,172 | €387,950 | +€24,778 | +6.8% |
| Contributions | 10/11 | €23,205 | €23,205 | = | 0.0% |
| Reserves | 13 | €2,320 | €2,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,320 | €2,320 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,320 | €2,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €337,647 | €362,425 | +€24,778 | +7.3% |
| Amounts payable | 17/49 | €64,040 | €45,692 | -€18,348 | -28.7% |
| Amounts payable within one year | 42/48 | €64,040 | €44,159 | -€19,881 | -31.0% |
| Trade debts | 44 | - | €2,199 | +€2,199 | |
| Suppliers | 440/4 | - | €2,199 | +€2,199 | |
| Taxes, remuneration and social security | 45 | €582 | €8,503 | +€7,921 | +1360.0% |
| Taxes | 450/3 | €582 | €8,503 | +€7,921 | +1360.0% |
| Other amounts payable | 47/48 | €63,457 | €33,457 | -€30,000 | -47.3% |
| Accrued charges and deferred income | 492/3 | - | €1,533 | +€1,533 | |
| Non-recurring operating charges | 66A | - | €1,400 | +€1,400 | |
| Gross operating margin | 9900 | - | €30,893 | +€30,893 | |
| Operating profit (loss) | 9901 | - | €29,493 | +€29,493 | |
| Financial income | 75/76B | €1,876 | €5,083 | +€3,207 | +170.9% |
| Recurring financial income | 75 | €1,876 | €5,083 | +€3,207 | +170.9% |
| Financial charges | 65/66B | €658 | €1,539 | +€881 | +133.9% |
| Recurring financial charges | 65 | €658 | €1,539 | +€881 | +133.9% |
| Profit (loss) for the period before taxes | 9903 | €1,218 | €33,037 | +€31,818 | +2611.4% |
| Income taxes | 67/77 | €244 | €8,259 | +€8,016 | +3289.2% |
| Profit (loss) for the period | 9904 | €975 | €24,778 | +€23,803 | +2442.0% |
| Profit (loss) for the period to be appropriated | 9905 | €975 | €24,778 | +€23,803 | +2442.0% |
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 2 October 2026 via checked.be.