Better Together: 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.
Better Together
Largest movements
- Receivables after one year -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Financial fixed assets +€80,000
new in 2025: €80,000
- Receivables within one year +€41,250
up €41,250 (+47.5%), from €86,906 to €128,155
of which Trade receivables: +€46,411
- Cash +€16,294
up €16,294 (+10.5%), from €155,160 to €171,454
mainly Net result for the year (+€209,571) and Receivables after one year (+€150,000)
- Other debts -€18,762
down €18,762 (-10.2%), from €184,104 to €165,343
- Tax, wage and social debts +€6,918
up €6,918 (+38.8%), from €17,852 to €24,770
of which Taxes: +€6,918
- Gross operating margin +€30,482
up €30,482 (+12.5%), from €243,150 to €273,633
- Taxes +€8,415
up €8,415 (+14.8%), from €56,781 to €65,196
- Depreciation -€3,190
down €3,190 (-70.2%), from €4,546 to €1,356
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 | €402,018 | €391,145 | -€10,873 | -2.7% |
| Fixed assets | 21/28 | €2,406 | €81,049 | +€78,644 | +3269.1% |
| Tangible fixed assets | 22/27 | €2,406 | €1,049 | -€1,356 | -56.4% |
| Plant, machinery and equipment | 23 | €7 | €0 | -€7 | -100.0% |
| Furniture and vehicles | 24 | €2,211 | €1,049 | -€1,162 | -52.5% |
| Other tangible fixed assets | 26 | €187 | €0 | -€187 | -100.0% |
| Financial fixed assets | 28 | - | €80,000 | +€80,000 | |
| Current assets | 29/58 | €399,612 | €310,095 | -€89,517 | -22.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100.0% |
| Other amounts receivable | 291 | €150,000 | - | -€150,000 | |
| Amounts receivable within one year | 40/41 | €86,906 | €128,155 | +€41,250 | +47.5% |
| Trade receivables | 40 | €78,526 | €124,937 | +€46,411 | +59.1% |
| Other amounts receivable | 41 | €8,380 | €3,219 | -€5,162 | -61.6% |
| Cash at bank and in hand | 54/58 | €155,160 | €171,454 | +€16,294 | +10.5% |
| Deferred charges and accrued income | 490/1 | €7,547 | €10,486 | +€2,940 | +39.0% |
| Total equity and liabilities | 10/49 | €402,018 | €391,145 | -€10,873 | -2.7% |
| Equity | 10/15 | €199,963 | €200,534 | +€571 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,246 | €181,246 | = | 0.0% |
| Distributable reserves | 133 | €181,246 | €181,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117 | €688 | +€571 | +488.2% |
| Amounts payable | 17/49 | €202,055 | €190,611 | -€11,444 | -5.7% |
| Amounts payable within one year | 42/48 | €202,055 | €190,611 | -€11,444 | -5.7% |
| Trade debts | 44 | €99 | €498 | +€399 | +404.3% |
| Suppliers | 440/4 | €99 | €498 | +€399 | +404.3% |
| Taxes, remuneration and social security | 45 | €17,852 | €24,770 | +€6,918 | +38.8% |
| Taxes | 450/3 | €17,852 | €24,770 | +€6,918 | +38.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €184,104 | €165,343 | -€18,762 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,546 | €1,356 | -€3,190 | -70.2% |
| Other operating charges | 640/8 | €1,569 | €1,308 | -€261 | -16.6% |
| Gross operating margin | 9900 | €243,150 | €273,633 | +€30,482 | +12.5% |
| Operating profit (loss) | 9901 | €237,036 | €270,969 | +€33,933 | +14.3% |
| Financial income | 75/76B | €3,776 | €3,854 | +€78 | +2.1% |
| Recurring financial income | 75 | €3,776 | €3,854 | +€78 | +2.1% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €240,757 | €274,767 | +€34,010 | +14.1% |
| Income taxes | 67/77 | €56,781 | €65,196 | +€8,415 | +14.8% |
| Profit (loss) for the period | 9904 | €183,976 | €209,571 | +€25,595 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €183,976 | €209,571 | +€25,595 | +13.9% |
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 10 October 2026 via checked.be.