Balancing Act: 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.
Balancing Act
Largest movements
- Cash +€39,789
up €39,789 (+44.1%), from €90,188 to €129,976
mainly Net result for the year (+€21,463) and Other debts (+€8,314)
- Tangible fixed assets -€6,892
down €6,892 (-51.1%), from €13,498 to €6,606
of which Furniture and vehicles: -€6,598
- Receivables within one year -€5,017
down €5,017 (-39.1%), from €12,818 to €7,800
of which Other amounts receivable: -€4,689
- Reserves +€21,463
up €21,463 (+23.3%), from €92,178 to €113,641
- Other debts +€8,314
up €8,314 (+76.7%), from €10,834 to €19,148
- Gross operating margin +€11,877
up €11,877 (+41.9%), from €28,328 to €40,205
- Taxes +€4,814
up €4,814 (+85.8%), from €5,612 to €10,426
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 | €118,955 | €147,015 | +€28,059 | +23.6% |
| Fixed assets | 21/28 | €13,498 | €6,606 | -€6,892 | -51.1% |
| Tangible fixed assets | 22/27 | €13,498 | €6,606 | -€6,892 | -51.1% |
| Plant, machinery and equipment | 23 | €881 | €586 | -€294 | -33.4% |
| Furniture and vehicles | 24 | €12,618 | €6,020 | -€6,598 | -52.3% |
| Current assets | 29/58 | €105,457 | €140,408 | +€34,951 | +33.1% |
| Amounts receivable within one year | 40/41 | €12,818 | €7,800 | -€5,017 | -39.1% |
| Trade receivables | 40 | €8,128 | €7,800 | -€329 | -4.0% |
| Other amounts receivable | 41 | €4,690 | €1 | -€4,689 | -100.0% |
| Cash at bank and in hand | 54/58 | €90,188 | €129,976 | +€39,789 | +44.1% |
| Deferred charges and accrued income | 490/1 | €2,452 | €2,632 | +€180 | +7.3% |
| Total equity and liabilities | 10/49 | €118,955 | €147,015 | +€28,059 | +23.6% |
| Equity | 10/15 | €95,178 | €116,641 | +€21,463 | +22.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,178 | €113,641 | +€21,463 | +23.3% |
| Distributable reserves | 133 | €92,178 | €113,641 | +€21,463 | +23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,777 | €30,374 | +€6,596 | +27.7% |
| Amounts payable within one year | 42/48 | €23,220 | €29,450 | +€6,230 | +26.8% |
| Trade debts | 44 | €1,324 | €323 | -€1,001 | -75.6% |
| Suppliers | 440/4 | €1,324 | €323 | -€1,001 | -75.6% |
| Taxes, remuneration and social security | 45 | €11,061 | €9,979 | -€1,083 | -9.8% |
| Taxes | 450/3 | €11,061 | €9,979 | -€1,083 | -9.8% |
| Other amounts payable | 47/48 | €10,834 | €19,148 | +€8,314 | +76.7% |
| Accrued charges and deferred income | 492/3 | €557 | €923 | +€366 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,892 | €6,892 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €453 | +€65 | +16.9% |
| Gross operating margin | 9900 | €28,328 | €40,205 | +€11,877 | +41.9% |
| Operating profit (loss) | 9901 | €21,049 | €32,860 | +€11,812 | +56.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €654 | €972 | +€318 | +48.7% |
| Recurring financial charges | 65 | €654 | €972 | +€318 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €20,395 | €31,889 | +€11,494 | +56.4% |
| Income taxes | 67/77 | €5,612 | €10,426 | +€4,814 | +85.8% |
| Profit (loss) for the period | 9904 | €14,783 | €21,463 | +€6,680 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,783 | €21,463 | +€6,680 | +45.2% |
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 7 October 2026 via checked.be.