BEELDLIJN: 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.
BEELDLIJN
Largest movements
- Receivables within one year +€70,096
up €70,096 (+51.2%), from €137,035 to €207,131
of which Other amounts receivable: +€41,873
- Cash -€39,742
down €39,742 (-95.7%), from €41,544 to €1,802
mainly Receivables within one year (-€70,096) and Tax, wage and social debts (-€5,008)
- Reserves +€29,899
up €29,899 (+25.3%), from €118,353 to €148,252
- Tax, wage and social debts -€5,008
down €5,008 (-30.1%), from €16,625 to €11,617
of which Taxes: -€4,546
- Other debts +€4,226
up €4,226, from €0 to €4,226
- Gross operating margin -€15,292
down €15,292 (-21.3%), from €71,892 to €56,600
- Taxes -€5,310
down €5,310 (-26.1%), from €20,325 to €15,015
- Staff costs +€1,512
up €1,512 (+26.0%), from €5,814 to €7,325
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 | €183,895 | €213,290 | +€29,395 | +16.0% |
| Fixed assets | 21/28 | €2,874 | €1,886 | -€988 | -34.4% |
| Tangible fixed assets | 22/27 | €2,874 | €1,886 | -€988 | -34.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,874 | €1,886 | -€988 | -34.4% |
| Current assets | 29/58 | €181,021 | €211,404 | +€30,383 | +16.8% |
| Amounts receivable within one year | 40/41 | €137,035 | €207,131 | +€70,096 | +51.2% |
| Trade receivables | 40 | €31,465 | €59,687 | +€28,223 | +89.7% |
| Other amounts receivable | 41 | €105,570 | €147,443 | +€41,873 | +39.7% |
| Cash at bank and in hand | 54/58 | €41,544 | €1,802 | -€39,742 | -95.7% |
| Deferred charges and accrued income | 490/1 | €2,442 | €2,472 | +€30 | +1.2% |
| Total equity and liabilities | 10/49 | €183,895 | €213,290 | +€29,395 | +16.0% |
| Equity | 10/15 | €138,353 | €168,252 | +€29,899 | +21.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €118,353 | €148,252 | +€29,899 | +25.3% |
| Distributable reserves | 133 | €118,353 | €148,252 | +€29,899 | +25.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €45,542 | €45,038 | -€504 | -1.1% |
| Amounts payable within one year | 42/48 | €45,542 | €44,951 | -€591 | -1.3% |
| Financial debts | 43 | €769 | €769 | = | 0.0% |
| Credit institutions | 430/8 | €769 | €769 | = | 0.0% |
| Trade debts | 44 | €28,148 | €28,338 | +€191 | +0.7% |
| Suppliers | 440/4 | €28,148 | €28,338 | +€191 | +0.7% |
| Taxes, remuneration and social security | 45 | €16,625 | €11,617 | -€5,008 | -30.1% |
| Taxes | 450/3 | €16,163 | €11,617 | -€4,546 | -28.1% |
| Remuneration and social security | 454/9 | €462 | €0 | -€462 | -100.0% |
| Other amounts payable | 47/48 | €0 | €4,226 | +€4,226 | |
| Accrued charges and deferred income | 492/3 | - | €87 | +€87 | |
| Remuneration, social security and pensions | 62 | €5,814 | €7,325 | +€1,512 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €988 | +€602 | +156.2% |
| Other operating charges | 640/8 | €3,237 | €3,268 | +€31 | +0.9% |
| Gross operating margin | 9900 | €71,892 | €56,600 | -€15,292 | -21.3% |
| Operating profit (loss) | 9901 | €62,455 | €45,019 | -€17,437 | -27.9% |
| Financial charges | 65/66B | €87 | €104 | +€17 | +19.9% |
| Recurring financial charges | 65 | €87 | €104 | +€17 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €62,368 | €44,915 | -€17,454 | -28.0% |
| Income taxes | 67/77 | €20,325 | €15,015 | -€5,310 | -26.1% |
| Profit (loss) for the period | 9904 | €42,044 | €29,899 | -€12,144 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,044 | €29,899 | -€12,144 | -28.9% |
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.