BECAUSE INVEST: 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.
BECAUSE INVEST
Largest movements
- Receivables within one year +€63,775
up €63,775 (+8,850%), from €721 to €64,495
- Deferred charges and accrued income -€12,925
down €12,925 (-54.3%), from €23,788 to €10,862
- Cash -€10,216
down €10,216 (-52.0%), from €19,648 to €9,432
mainly Receivables within one year (-€63,775) and Tax, wage and social debts (-€6,908)
- Tangible fixed assets -€2,365
down €2,365 (-23.0%), from €10,283 to €7,918
of which Furniture and vehicles: -€1,834
- Short-term financial debts +€27,405
new in 2025: €27,405
- Trade debts +€16,257
up €16,257 (+221%), from €7,369 to €23,626
- Tax, wage and social debts -€6,908
down €6,908 (-70.4%), from €9,818 to €2,910
- Reserves +€1,515
up €1,515 (+4.6%), from €33,251 to €34,766
- Gross operating margin -€37,694
down €37,694 (-85.0%), from €44,330 to €6,636
- Taxes -€5,616
down €5,616 (-65.3%), from €8,604 to €2,987
- Depreciation +€1,886
up €1,886 (+394%), from €479 to €2,365
- Financial charges -€1,195
down €1,195 (-74.6%), from €1,601 to €406
- Financial income +€1,186
up €1,186 (+7,011%), from €17 to €1,203
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 | €54,438 | €92,707 | +€38,269 | +70.3% |
| Fixed assets | 21/28 | €10,283 | €7,918 | -€2,365 | -23.0% |
| Tangible fixed assets | 22/27 | €10,283 | €7,918 | -€2,365 | -23.0% |
| Plant, machinery and equipment | 23 | €1,167 | €636 | -€531 | -45.5% |
| Furniture and vehicles | 24 | €9,115 | €7,282 | -€1,834 | -20.1% |
| Current assets | 29/58 | €44,156 | €84,790 | +€40,634 | +92.0% |
| Amounts receivable within one year | 40/41 | €721 | €64,495 | +€63,775 | +8,850% |
| Other amounts receivable | 41 | €721 | €64,495 | +€63,775 | +8,850% |
| Cash at bank and in hand | 54/58 | €19,648 | €9,432 | -€10,216 | -52.0% |
| Deferred charges and accrued income | 490/1 | €23,788 | €10,862 | -€12,925 | -54.3% |
| Total equity and liabilities | 10/49 | €54,438 | €92,707 | +€38,269 | +70.3% |
| Equity | 10/15 | €37,251 | €38,766 | +€1,515 | +4.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €33,251 | €34,766 | +€1,515 | +4.6% |
| Distributable reserves | 133 | €33,251 | €34,766 | +€1,515 | +4.6% |
| Amounts payable | 17/49 | €17,187 | €53,941 | +€36,754 | +214% |
| Amounts payable within one year | 42/48 | €17,187 | €53,941 | +€36,754 | +214% |
| Financial debts | 43 | - | €27,405 | +€27,405 | |
| Other loans | 439 | - | €27,405 | +€27,405 | |
| Trade debts | 44 | €7,369 | €23,626 | +€16,257 | +221% |
| Suppliers | 440/4 | €7,369 | €23,626 | +€16,257 | +221% |
| Taxes, remuneration and social security | 45 | €9,818 | €2,910 | -€6,908 | -70.4% |
| Taxes | 450/3 | €9,818 | €2,910 | -€6,908 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €2,365 | +€1,886 | +394% |
| Other operating charges | 640/8 | €412 | €566 | +€155 | +37.6% |
| Gross operating margin | 9900 | €44,330 | €6,636 | -€37,694 | -85.0% |
| Operating profit (loss) | 9901 | €43,439 | €3,705 | -€39,734 | -91.5% |
| Financial income | 75/76B | €17 | €1,203 | +€1,186 | +7,011% |
| Recurring financial income | 75 | €17 | €1,203 | +€1,186 | +7,011% |
| Financial charges | 65/66B | €1,601 | €406 | -€1,195 | -74.6% |
| Recurring financial charges | 65 | €1,601 | €406 | -€1,195 | -74.6% |
| Profit (loss) for the period before taxes | 9903 | €41,855 | €4,502 | -€37,353 | -89.2% |
| Income taxes | 67/77 | €8,604 | €2,987 | -€5,616 | -65.3% |
| Profit (loss) for the period | 9904 | €33,251 | €1,515 | -€31,737 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,251 | €1,515 | -€31,737 | -95.4% |
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 1 November 2026 via checked.be.