BalPenBeeld: 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.
BalPenBeeld
Largest movements
- Cash +€76,929
up €76,929 (+201.8%), from €38,121 to €115,051
mainly Net result for the year (+€72,323) and Other debts (+€33,612)
- Financial fixed assets +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Receivables within one year +€19,924
up €19,924 (+49.3%), from €40,401 to €60,325
- Reserves +€72,323
up €72,323 (+85.0%), from €85,088 to €157,411
- Other debts +€33,612
up €33,612 (+225.9%), from €14,881 to €48,493
- Tax, wage and social debts +€15,189
up €15,189 (+54.0%), from €28,115 to €43,303
- Gross operating margin +€32,726
up €32,726 (+54.8%), from €59,690 to €92,416
- Taxes +€3,642
up €3,642 (+24.5%), from €14,868 to €18,510
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 | €130,170 | €251,664 | +€121,494 | +93.3% |
| Fixed assets | 21/28 | €51,647 | €76,288 | +€24,641 | +47.7% |
| Tangible fixed assets | 22/27 | €1,647 | €1,288 | -€359 | -21.8% |
| Furniture and vehicles | 24 | €1,647 | €1,288 | -€359 | -21.8% |
| Financial fixed assets | 28 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Current assets | 29/58 | €78,523 | €175,376 | +€96,854 | +123.3% |
| Amounts receivable within one year | 40/41 | €40,401 | €60,325 | +€19,924 | +49.3% |
| Trade receivables | 40 | €40,401 | €60,325 | +€19,924 | +49.3% |
| Cash at bank and in hand | 54/58 | €38,121 | €115,051 | +€76,929 | +201.8% |
| Total equity and liabilities | 10/49 | €130,170 | €251,664 | +€121,494 | +93.3% |
| Equity | 10/15 | €86,088 | €158,411 | +€72,323 | +84.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,088 | €157,411 | +€72,323 | +85.0% |
| Distributable reserves | 133 | €85,088 | €157,411 | +€72,323 | +85.0% |
| Amounts payable | 17/49 | €44,082 | €93,253 | +€49,171 | +111.5% |
| Amounts payable within one year | 42/48 | €43,259 | €92,017 | +€48,758 | +112.7% |
| Trade debts | 44 | €264 | €221 | -€42 | -16.0% |
| Suppliers | 440/4 | €264 | €221 | -€42 | -16.0% |
| Taxes, remuneration and social security | 45 | €28,115 | €43,303 | +€15,189 | +54.0% |
| Taxes | 450/3 | €28,115 | €43,303 | +€15,189 | +54.0% |
| Other amounts payable | 47/48 | €14,881 | €48,493 | +€33,612 | +225.9% |
| Accrued charges and deferred income | 492/3 | €823 | €1,235 | +€413 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €359 | +€210 | +140.0% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €59,690 | €92,416 | +€32,726 | +54.8% |
| Operating profit (loss) | 9901 | €59,540 | €91,913 | +€32,372 | +54.4% |
| Financial income | 75/76B | - | €217 | +€217 | |
| Recurring financial income | 75 | - | €217 | +€217 | |
| Financial charges | 65/66B | €883 | €1,296 | +€413 | +46.7% |
| Recurring financial charges | 65 | €883 | €1,296 | +€413 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €58,657 | €90,833 | +€32,176 | +54.9% |
| Income taxes | 67/77 | €14,868 | €18,510 | +€3,642 | +24.5% |
| Profit (loss) for the period | 9904 | €43,789 | €72,323 | +€28,534 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,789 | €72,323 | +€28,534 | +65.2% |
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 1 October 2026 via checked.be.