BEWARE: 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.
BEWARE
Largest movements
- Cash +€16,542
up €16,542 (+15.8%), from €104,489 to €121,031
mainly Net result for the year (+€120,245) and Tax, wage and social debts (+€5,841)
- Tangible fixed assets -€5,317
down €5,317 (-32.3%), from €16,447 to €11,130
- Tax, wage and social debts +€5,841
up €5,841 (+243.6%), from €2,398 to €8,239
- Other debts +€5,400
up €5,400 (+4.7%), from €114,600 to €120,000
- Gross operating margin +€22,397
up €22,397 (+15.7%), from €142,854 to €165,250
- Taxes +€15,549
up €15,549 (+63.1%), from €24,652 to €40,201
- Depreciation -€3,216
down €3,216 (-37.7%), from €8,533 to €5,317
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 | €149,909 | €161,066 | +€11,157 | +7.4% |
| Fixed assets | 21/28 | €17,737 | €12,420 | -€5,317 | -30.0% |
| Tangible fixed assets | 22/27 | €16,447 | €11,130 | -€5,317 | -32.3% |
| Furniture and vehicles | 24 | €16,447 | €11,130 | -€5,317 | -32.3% |
| Financial fixed assets | 28 | €1,290 | €1,290 | = | 0.0% |
| Current assets | 29/58 | €132,173 | €148,646 | +€16,474 | +12.5% |
| Amounts receivable within one year | 40/41 | €27,091 | €27,461 | +€371 | +1.4% |
| Trade receivables | 40 | €18,399 | €16,638 | -€1,761 | -9.6% |
| Other amounts receivable | 41 | €8,692 | €10,824 | +€2,132 | +24.5% |
| Cash at bank and in hand | 54/58 | €104,489 | €121,031 | +€16,542 | +15.8% |
| Deferred charges and accrued income | 490/1 | €593 | €154 | -€439 | -74.0% |
| Total equity and liabilities | 10/49 | €149,909 | €161,066 | +€11,157 | +7.4% |
| Equity | 10/15 | €32,223 | €32,468 | +€245 | +0.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,323 | €11,568 | +€245 | +2.2% |
| Amounts payable | 17/49 | €117,686 | €128,598 | +€10,912 | +9.3% |
| Amounts payable within one year | 42/48 | €117,686 | €128,598 | +€10,912 | +9.3% |
| Trade debts | 44 | €688 | €359 | -€329 | -47.8% |
| Suppliers | 440/4 | €688 | €359 | -€329 | -47.8% |
| Taxes, remuneration and social security | 45 | €2,398 | €8,239 | +€5,841 | +243.6% |
| Taxes | 450/3 | €2,398 | €8,239 | +€5,841 | +243.6% |
| Other amounts payable | 47/48 | €114,600 | €120,000 | +€5,400 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,533 | €5,317 | -€3,216 | -37.7% |
| Other operating charges | 640/8 | €289 | €129 | -€160 | -55.4% |
| Gross operating margin | 9900 | €142,854 | €165,250 | +€22,397 | +15.7% |
| Operating profit (loss) | 9901 | €134,032 | €159,805 | +€25,773 | +19.2% |
| Financial income | 75/76B | €355 | €982 | +€627 | +176.7% |
| Recurring financial income | 75 | €355 | €982 | +€627 | +176.7% |
| Financial charges | 65/66B | -€121 | €340 | +€460 | |
| Recurring financial charges | 65 | -€121 | €340 | +€460 | |
| Profit (loss) for the period before taxes | 9903 | €134,507 | €160,447 | +€25,940 | +19.3% |
| Income taxes | 67/77 | €24,652 | €40,201 | +€15,549 | +63.1% |
| Profit (loss) for the period | 9904 | €109,855 | €120,245 | +€10,391 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,855 | €120,245 | +€10,391 | +9.5% |
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 28 September 2026 via checked.be.