Big Arrow: 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.
Big Arrow
Largest movements
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Receivables within one year +€9,955
up €9,955 (+14.5%), from €68,569 to €78,524
of which Other amounts receivable: +€43,550
- Cash -€6,057
down €6,057 (-11.5%), from €52,457 to €46,400
mainly Contributions, distributions and other (-€102,500) and Debts after one year (-€10,807)
- Tangible fixed assets -€3,293
down €3,293 (-23.2%), from €14,172 to €10,879
of which Other tangible fixed assets: -€2,150
- Debts after one year -€10,807
down €10,807 (-27.3%), from €39,577 to €28,770
- Reserves -€5,000
down €5,000 (-3.1%), from €159,000 to €154,000
- Trade debts +€3,789
new in 2025: €3,789
- Tax, wage and social debts -€2,970
down €2,970 (-32.9%), from €9,021 to €6,050
- Financial income +€37,802
up €37,802 (+12051.3%), from €314 to €38,116
- Gross operating margin -€14,197
down €14,197 (-14.4%), from €98,714 to €84,517
- Taxes -€1,982
down €1,982 (-9.8%), from €20,305 to €18,323
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 | €225,198 | €210,803 | -€14,395 | -6.4% |
| Fixed assets | 21/28 | €89,172 | €85,879 | -€3,293 | -3.7% |
| Tangible fixed assets | 22/27 | €14,172 | €10,879 | -€3,293 | -23.2% |
| Plant, machinery and equipment | 23 | €1,228 | €871 | -€357 | -29.1% |
| Furniture and vehicles | 24 | €2,974 | €2,187 | -€787 | -26.4% |
| Other tangible fixed assets | 26 | €9,969 | €7,820 | -€2,150 | -21.6% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €136,026 | €124,924 | -€11,102 | -8.2% |
| Amounts receivable within one year | 40/41 | €68,569 | €78,524 | +€9,955 | +14.5% |
| Trade receivables | 40 | €62,769 | €29,174 | -€33,595 | -53.5% |
| Other amounts receivable | 41 | €5,800 | €49,350 | +€43,550 | +750.9% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €52,457 | €46,400 | -€6,057 | -11.5% |
| Total equity and liabilities | 10/49 | €225,198 | €210,803 | -€14,395 | -6.4% |
| Equity | 10/15 | €164,723 | €159,033 | -€5,690 | -3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €159,000 | €154,000 | -€5,000 | -3.1% |
| Distributable reserves | 133 | €159,000 | €154,000 | -€5,000 | -3.1% |
| Profit (loss) carried forward | 14 | €723 | €33 | -€690 | -95.4% |
| Amounts payable | 17/49 | €60,475 | €51,769 | -€8,706 | -14.4% |
| Amounts payable after more than one year | 17 | €39,577 | €28,770 | -€10,807 | -27.3% |
| Financial debts | 170/4 | €39,577 | €28,770 | -€10,807 | -27.3% |
| Amounts payable within one year | 42/48 | €19,848 | €21,949 | +€2,102 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €10,428 | €10,807 | +€380 | +3.6% |
| Trade debts | 44 | - | €3,789 | +€3,789 | |
| Suppliers | 440/4 | - | €3,789 | +€3,789 | |
| Taxes, remuneration and social security | 45 | €9,021 | €6,050 | -€2,970 | -32.9% |
| Taxes | 450/3 | €9,021 | €6,050 | -€2,970 | -32.9% |
| Other amounts payable | 47/48 | €399 | €1,303 | +€904 | +226.5% |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,050 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,702 | €3,293 | +€592 | +21.9% |
| Other operating charges | 640/8 | €950 | €1,167 | +€217 | +22.9% |
| Gross operating margin | 9900 | €98,714 | €84,517 | -€14,197 | -14.4% |
| Operating profit (loss) | 9901 | €95,063 | €80,057 | -€15,006 | -15.8% |
| Financial income | 75/76B | €314 | €38,116 | +€37,802 | +12051.3% |
| Recurring financial income | 75 | €314 | €38,116 | +€37,802 | +12051.3% |
| Financial charges | 65/66B | €3,182 | €3,039 | -€142 | -4.5% |
| Recurring financial charges | 65 | €3,182 | €3,039 | -€142 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €92,195 | €115,134 | +€22,939 | +24.9% |
| Income taxes | 67/77 | €20,305 | €18,323 | -€1,982 | -9.8% |
| Profit (loss) for the period | 9904 | €71,890 | €96,810 | +€24,921 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,890 | €96,810 | +€24,921 | +34.7% |
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 9 October 2026 via checked.be.