BALANCE: 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.
BALANCE
Largest movements
- Cash +€17,364
up €17,364 (+296.4%), from €5,858 to €23,222
mainly Net result for the year (+€11,412) and Depreciation (+€10,959)
- Tangible fixed assets -€10,959
down €10,959 (-24.7%), from €44,307 to €33,348
of which Other tangible fixed assets: -€9,073
- Receivables after one year -€4,354
down €4,354 (-100.0%), from €4,354 to €0
- Receivables within one year -€1,942
down €1,942 (-48.7%), from €3,984 to €2,043
of which Trade receivables: -€1,199
- Reserves +€11,412
up €11,412 (+50.6%), from €22,546 to €33,958
- Other debts -€5,577
down €5,577 (-94.6%), from €5,896 to €319
- Debts after one year -€4,248
down €4,248 (-25.5%), from €16,678 to €12,430
- Trade debts -€3,983
down €3,983 (-95.2%), from €4,186 to €203
- Tax, wage and social debts +€2,505
up €2,505 (+47.5%), from €5,270 to €7,774
of which Taxes: +€2,859
- Gross operating margin +€13,447
up €13,447 (+74.1%), from €18,151 to €31,597
- Taxes +€3,104
up €3,104 (+106.6%), from €2,913 to €6,017
- Other operating charges +€904
up €904 (+72.3%), from €1,251 to €2,155
- Financial charges -€470
down €470 (-30.4%), from €1,546 to €1,076
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 | €58,823 | €58,932 | +€109 | +0.2% |
| Fixed assets | 21/28 | €44,627 | €33,668 | -€10,959 | -24.6% |
| Tangible fixed assets | 22/27 | €44,307 | €33,348 | -€10,959 | -24.7% |
| Plant, machinery and equipment | 23 | €17 | €0 | -€17 | -100.0% |
| Furniture and vehicles | 24 | €5,726 | €3,858 | -€1,869 | -32.6% |
| Other tangible fixed assets | 26 | €38,564 | €29,490 | -€9,073 | -23.5% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €14,196 | €25,265 | +€11,068 | +78.0% |
| Amounts receivable after more than one year | 29 | €4,354 | €0 | -€4,354 | -100.0% |
| Other amounts receivable | 291 | €4,354 | €0 | -€4,354 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,984 | €2,043 | -€1,942 | -48.7% |
| Trade receivables | 40 | €2,525 | €1,326 | -€1,199 | -47.5% |
| Other amounts receivable | 41 | €1,459 | €717 | -€743 | -50.9% |
| Cash at bank and in hand | 54/58 | €5,858 | €23,222 | +€17,364 | +296.4% |
| Total equity and liabilities | 10/49 | €58,823 | €58,932 | +€109 | +0.2% |
| Equity | 10/15 | €22,546 | €33,958 | +€11,412 | +50.6% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €22,546 | €33,958 | +€11,412 | +50.6% |
| Distributable reserves | 133 | €22,546 | €33,958 | +€11,412 | +50.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,278 | €24,974 | -€11,303 | -31.2% |
| Amounts payable after more than one year | 17 | €16,678 | €12,430 | -€4,248 | -25.5% |
| Financial debts | 170/4 | €16,678 | €12,430 | -€4,248 | -25.5% |
| Amounts payable within one year | 42/48 | €19,600 | €12,544 | -€7,055 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €4,248 | €4,248 | = | 0.0% |
| Trade debts | 44 | €4,186 | €203 | -€3,983 | -95.2% |
| Suppliers | 440/4 | €4,186 | €203 | -€3,983 | -95.2% |
| Taxes, remuneration and social security | 45 | €5,270 | €7,774 | +€2,505 | +47.5% |
| Taxes | 450/3 | €733 | €3,592 | +€2,859 | +390.1% |
| Remuneration and social security | 454/9 | €4,537 | €4,182 | -€355 | -7.8% |
| Other amounts payable | 47/48 | €5,896 | €319 | -€5,577 | -94.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,174 | €10,959 | -€215 | -1.9% |
| Other operating charges | 640/8 | €1,251 | €2,155 | +€904 | +72.3% |
| Gross operating margin | 9900 | €18,151 | €31,597 | +€13,447 | +74.1% |
| Operating profit (loss) | 9901 | €5,726 | €18,483 | +€12,758 | +222.8% |
| Financial income | 75/76B | €312 | €22 | -€290 | -93.0% |
| Recurring financial income | 75 | €312 | €22 | -€290 | -93.0% |
| Financial charges | 65/66B | €1,546 | €1,076 | -€470 | -30.4% |
| Recurring financial charges | 65 | €1,546 | €1,076 | -€470 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €4,492 | €17,429 | +€12,937 | +288.0% |
| Income taxes | 67/77 | €2,913 | €6,017 | +€3,104 | +106.6% |
| Profit (loss) for the period | 9904 | €1,579 | €11,412 | +€9,833 | +622.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,579 | €11,412 | +€9,833 | +622.7% |
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 29 September 2026 via checked.be.