BETWEEN US: 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.
BETWEEN US
Largest movements
- Cash -€104,492
down €104,492 (-47.4%), from €220,400 to €115,908
mainly Contributions, distributions and other (-€150,000) and Tax, wage and social debts (-€14,935)
- Profit (loss) carried forward -€88,175
down €88,175 (-45.9%), from €192,027 to €103,852
- Tax, wage and social debts -€14,935
down €14,935 (-54.4%), from €27,456 to €12,521
- Gross operating margin +€55,396
up €55,396 (+228.3%), from €24,265 to €79,662
- Taxes +€10,232
up €10,232 (+152.9%), from €6,693 to €16,925
- Other operating charges -€837
down €837 (-66.0%), from €1,269 to €432
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 | €226,591 | €123,832 | -€102,759 | -45.4% |
| Fixed assets | 21/28 | €1,103 | €720 | -€384 | -34.8% |
| Tangible fixed assets | 22/27 | €1,103 | €720 | -€384 | -34.8% |
| Furniture and vehicles | 24 | €1,103 | €720 | -€384 | -34.8% |
| Current assets | 29/58 | €225,487 | €123,112 | -€102,375 | -45.4% |
| Amounts receivable within one year | 40/41 | €4,955 | €7,065 | +€2,110 | +42.6% |
| Trade receivables | 40 | €4,955 | €2,990 | -€1,965 | -39.7% |
| Other amounts receivable | 41 | - | €4,075 | +€4,075 | |
| Cash at bank and in hand | 54/58 | €220,400 | €115,908 | -€104,492 | -47.4% |
| Deferred charges and accrued income | 490/1 | €132 | €140 | +€7 | +5.5% |
| Total equity and liabilities | 10/49 | €226,591 | €123,832 | -€102,759 | -45.4% |
| Equity | 10/15 | €197,027 | €108,852 | -€88,175 | -44.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,027 | €103,852 | -€88,175 | -45.9% |
| Amounts payable | 17/49 | €29,564 | €14,980 | -€14,584 | -49.3% |
| Amounts payable within one year | 42/48 | €29,564 | €14,980 | -€14,584 | -49.3% |
| Trade debts | 44 | €874 | €1,938 | +€1,065 | +121.9% |
| Suppliers | 440/4 | €874 | €1,938 | +€1,065 | +121.9% |
| Taxes, remuneration and social security | 45 | €27,456 | €12,521 | -€14,935 | -54.4% |
| Taxes | 450/3 | €27,456 | €12,521 | -€14,935 | -54.4% |
| Other amounts payable | 47/48 | €1,234 | €520 | -€714 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €384 | -€141 | -26.8% |
| Other operating charges | 640/8 | €1,269 | €432 | -€837 | -66.0% |
| Gross operating margin | 9900 | €24,265 | €79,662 | +€55,396 | +228.3% |
| Operating profit (loss) | 9901 | €22,472 | €78,846 | +€56,375 | +250.9% |
| Financial income | 75/76B | €0 | €15 | +€15 | +14600.0% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +14600.0% |
| Financial charges | 65/66B | €94 | €111 | +€17 | +17.7% |
| Recurring financial charges | 65 | €94 | €111 | +€17 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €22,377 | €78,750 | +€56,373 | +251.9% |
| Income taxes | 67/77 | €6,693 | €16,925 | +€10,232 | +152.9% |
| Profit (loss) for the period | 9904 | €15,684 | €61,825 | +€46,141 | +294.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,684 | €61,825 | +€46,141 | +294.2% |
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 12 October 2026 via checked.be.