BEFORE IT WAS COOL: 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.
BEFORE IT WAS COOL
Largest movements
- Cash +€6,812
up €6,812 (+32.7%), from €20,838 to €27,650
mainly Net result for the year (+€9,612) and Depreciation (+€3,511)
- Receivables within one year -€1,856
down €1,856 (-11.4%), from €16,242 to €14,386
of which Trade receivables: -€2,320
- Tangible fixed assets +€1,653
up €1,653 (+28.1%), from €5,876 to €7,529
- Profit (loss) carried forward +€8,779
up €8,779 (+29.7%), from €29,508 to €38,287
- Trade debts -€3,968
down €3,968 (-94.8%), from €4,187 to €219
- Tax, wage and social debts +€1,450
up €1,450 (+15.3%), from €9,466 to €10,917
- Gross operating margin -€19,837
down €19,837 (-48.5%), from €40,865 to €21,028
- Taxes -€4,778
down €4,778 (-53.8%), from €8,880 to €4,103
- Financial charges +€3,294
up €3,294 (+679%), from €485 to €3,780
- Depreciation +€2,379
up €2,379 (+210%), from €1,132 to €3,511
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 | €44,520 | €50,755 | +€6,235 | +14.0% |
| Fixed assets | 21/28 | €5,876 | €7,529 | +€1,653 | +28.1% |
| Tangible fixed assets | 22/27 | €5,876 | €7,529 | +€1,653 | +28.1% |
| Furniture and vehicles | 24 | €5,876 | €7,529 | +€1,653 | +28.1% |
| Current assets | 29/58 | €38,644 | €43,227 | +€4,582 | +11.9% |
| Amounts receivable within one year | 40/41 | €16,242 | €14,386 | -€1,856 | -11.4% |
| Trade receivables | 40 | €16,235 | €13,915 | -€2,320 | -14.3% |
| Other amounts receivable | 41 | €7 | €471 | +€464 | +6,735% |
| Cash at bank and in hand | 54/58 | €20,838 | €27,650 | +€6,812 | +32.7% |
| Deferred charges and accrued income | 490/1 | €1,564 | €1,191 | -€373 | -23.9% |
| Total equity and liabilities | 10/49 | €44,520 | €50,755 | +€6,235 | +14.0% |
| Equity | 10/15 | €30,008 | €38,787 | +€8,779 | +29.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,508 | €38,287 | +€8,779 | +29.7% |
| Amounts payable | 17/49 | €14,512 | €11,968 | -€2,544 | -17.5% |
| Amounts payable within one year | 42/48 | €14,512 | €11,968 | -€2,544 | -17.5% |
| Trade debts | 44 | €4,187 | €219 | -€3,968 | -94.8% |
| Suppliers | 440/4 | €4,187 | €219 | -€3,968 | -94.8% |
| Taxes, remuneration and social security | 45 | €9,466 | €10,917 | +€1,450 | +15.3% |
| Taxes | 450/3 | €9,466 | €10,917 | +€1,450 | +15.3% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €3,511 | +€2,379 | +210% |
| Other operating charges | 640/8 | - | €36 | +€36 | |
| Gross operating margin | 9900 | €40,865 | €21,028 | -€19,837 | -48.5% |
| Operating profit (loss) | 9901 | €39,733 | €17,481 | -€22,252 | -56.0% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €485 | €3,780 | +€3,294 | +679% |
| Recurring financial charges | 65 | €485 | €3,780 | +€3,294 | +679% |
| Profit (loss) for the period before taxes | 9903 | €39,248 | €13,714 | -€25,533 | -65.1% |
| Income taxes | 67/77 | €8,880 | €4,103 | -€4,778 | -53.8% |
| Profit (loss) for the period | 9904 | €30,367 | €9,612 | -€20,756 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,367 | €9,612 | -€20,756 | -68.3% |
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.