BANDE A PART: what changed
Two financial 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.
BANDE A PART
Largest movements
- Cash +€14,699
up €14,699 (+98.7%), from €14,897 to €29,596
mainly Net result for the year (+€20,377) and Trade debts (+€7,625)
- Stocks and contracts +€7,807
up €7,807 (+355%), from €2,197 to €10,004
- Receivables within one year -€2,525
down €2,525 (-11.0%), from €22,861 to €20,336
of which Trade receivables: -€1,805
- Tangible fixed assets -€1,435
down €1,435 (-45.4%), from €3,157 to €1,722
- Deferred charges and accrued income -€835
down €835 (-13.4%), from €6,224 to €5,389
- Profit (loss) carried forward +€20,377
up €20,377 (+18.8%), from -€108,270 to -€87,894
- Tax, wage and social debts -€11,708
down €11,708 (-95.5%), from €12,264 to €556
of which Taxes: -€10,258
- Trade debts +€7,625
up €7,625 (+126%), from €6,063 to €13,689
- Other debts +€1,417
up €1,417 (+6.1%), from €23,076 to €24,493
- Gross operating margin +€34,392
up €34,392, from -€9,771 to €24,621
- Taxes -€447
down €447 (-58.2%), from €768 to €321
- Depreciation -€385
down €385 (-21.2%), from €1,820 to €1,435
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.
Derived cash bridge
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 | €51,033 | €68,744 | +€17,711 | +34.7% |
| Fixed assets | 21/28 | €4,853 | €3,419 | -€1,435 | -29.6% |
| Tangible fixed assets | 22/27 | €3,157 | €1,722 | -€1,435 | -45.4% |
| Furniture and vehicles | 24 | €3,157 | €1,722 | -€1,435 | -45.4% |
| Financial fixed assets | 28 | €1,697 | €1,697 | = | 0.0% |
| Current assets | 29/58 | €46,180 | €65,325 | +€19,145 | +41.5% |
| Stocks and contracts in progress | 3 | €2,197 | €10,004 | +€7,807 | +355% |
| Stocks | 30/36 | €2,197 | €10,004 | +€7,807 | +355% |
| Amounts receivable within one year | 40/41 | €22,861 | €20,336 | -€2,525 | -11.0% |
| Trade receivables | 40 | €22,142 | €20,336 | -€1,805 | -8.2% |
| Other amounts receivable | 41 | €719 | €0 | -€719 | -100% |
| Cash at bank and in hand | 54/58 | €14,897 | €29,596 | +€14,699 | +98.7% |
| Deferred charges and accrued income | 490/1 | €6,224 | €5,389 | -€835 | -13.4% |
| Total equity and liabilities | 10/49 | €51,033 | €68,744 | +€17,711 | +34.7% |
| Equity | 10/15 | €9,630 | €30,007 | +€20,377 | +212% |
| Contributions | 10/11 | €107,600 | €107,600 | = | 0.0% |
| Reserves | 13 | €10,300 | €10,300 | = | 0.0% |
| Distributable reserves | 133 | €10,300 | €10,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,270 | -€87,894 | +€20,377 | +18.8% |
| Amounts payable | 17/49 | €41,403 | €38,737 | -€2,666 | -6.4% |
| Amounts payable within one year | 42/48 | €41,403 | €38,737 | -€2,666 | -6.4% |
| Trade debts | 44 | €6,063 | €13,689 | +€7,625 | +126% |
| Suppliers | 440/4 | €6,063 | €13,689 | +€7,625 | +126% |
| Taxes, remuneration and social security | 45 | €12,264 | €556 | -€11,708 | -95.5% |
| Taxes | 450/3 | €10,814 | €556 | -€10,258 | -94.9% |
| Remuneration and social security | 454/9 | €1,450 | €0 | -€1,450 | -100% |
| Other amounts payable | 47/48 | €23,076 | €24,493 | +€1,417 | +6.1% |
| Non-recurring operating income | 76A | €4,769 | €0 | -€4,769 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,820 | €1,435 | -€385 | -21.2% |
| Other operating charges | 640/8 | €1,393 | €1,274 | -€119 | -8.5% |
| Non-recurring operating charges | 66A | - | €192 | +€192 | |
| Gross operating margin | 9900 | -€9,771 | €24,621 | +€34,392 | |
| Operating profit (loss) | 9901 | -€12,984 | €21,720 | +€34,704 | |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €1,055 | €1,064 | +€9 | +0.9% |
| Recurring financial charges | 65 | €1,055 | €1,064 | +€9 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,038 | €20,698 | +€34,736 | |
| Income taxes | 67/77 | €768 | €321 | -€447 | -58.2% |
| Profit (loss) for the period | 9904 | -€14,806 | €20,377 | +€35,183 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,806 | €20,377 | +€35,183 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.