BIG UP: 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.
BIG UP
Largest movements
- Current investments +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Tangible fixed assets -€11,006
down €11,006 (-24.7%), from €44,592 to €33,586
of which Plant, machinery and equipment: -€6,015
- Cash +€9,068
up €9,068 (+8.2%), from €111,233 to €120,301
mainly Other debts (+€114,523) and Net result for the year (+€43,008)
- Other debts +€114,523
up €114,523 (+1652.3%), from €6,931 to €121,454
- Reserves -€69,791
down €69,791 (-46.2%), from €151,172 to €81,382
of which Distributable reserves: -€69,791
- Tax, wage and social debts -€14,260
down €14,260 (-30.0%), from €47,469 to €33,210
of which Remuneration and social security: -€31,388
- Trade debts +€12,431
up €12,431 (+12.4%), from €100,246 to €112,677
- Gross operating margin +€38,008
up €38,008 (+34.7%), from €109,410 to €147,418
- Taxes +€14,426
up €14,426 (+207.5%), from €6,951 to €21,377
- Staff costs +€5,462
up €5,462 (+9.2%), from €59,338 to €64,800
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 | €335,454 | €378,358 | +€42,903 | +12.8% |
| Fixed assets | 21/28 | €45,600 | €34,594 | -€11,006 | -24.1% |
| Tangible fixed assets | 22/27 | €44,592 | €33,586 | -€11,006 | -24.7% |
| Plant, machinery and equipment | 23 | €32,398 | €26,383 | -€6,015 | -18.6% |
| Furniture and vehicles | 24 | €12,194 | €7,203 | -€4,991 | -40.9% |
| Financial fixed assets | 28 | €1,008 | €1,008 | = | 0.0% |
| Current assets | 29/58 | €289,854 | €343,764 | +€53,910 | +18.6% |
| Stocks and contracts in progress | 3 | €64,825 | €62,677 | -€2,148 | -3.3% |
| Stocks | 30/36 | €64,825 | €62,677 | -€2,148 | -3.3% |
| Amounts receivable within one year | 40/41 | €63,796 | €60,786 | -€3,010 | -4.7% |
| Trade receivables | 40 | €51,159 | €55,233 | +€4,073 | +8.0% |
| Other amounts receivable | 41 | €12,637 | €5,553 | -€7,084 | -56.1% |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €111,233 | €120,301 | +€9,068 | +8.2% |
| Total equity and liabilities | 10/49 | €335,454 | €378,358 | +€42,903 | +12.8% |
| Equity | 10/15 | €180,808 | €111,017 | -€69,791 | -38.6% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €151,172 | €81,382 | -€69,791 | -46.2% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €148,772 | €78,982 | -€69,791 | -46.9% |
| Profit (loss) carried forward | 14 | €5,636 | €5,636 | = | 0.0% |
| Amounts payable | 17/49 | €154,646 | €267,340 | +€112,694 | +72.9% |
| Amounts payable within one year | 42/48 | €154,646 | €267,340 | +€112,694 | +72.9% |
| Trade debts | 44 | €100,246 | €112,677 | +€12,431 | +12.4% |
| Suppliers | 440/4 | €100,246 | €112,677 | +€12,431 | +12.4% |
| Taxes, remuneration and social security | 45 | €47,469 | €33,210 | -€14,260 | -30.0% |
| Taxes | 450/3 | €9,447 | €26,576 | +€17,129 | +181.3% |
| Remuneration and social security | 454/9 | €38,022 | €6,634 | -€31,388 | -82.6% |
| Other amounts payable | 47/48 | €6,931 | €121,454 | +€114,523 | +1652.3% |
| Non-recurring operating income | 76A | €50 | €3,033 | +€2,983 | +5965.8% |
| Remuneration, social security and pensions | 62 | €59,338 | €64,800 | +€5,462 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,114 | €16,610 | +€496 | +3.1% |
| Other operating charges | 640/8 | €1,701 | €919 | -€782 | -46.0% |
| Gross operating margin | 9900 | €109,410 | €147,418 | +€38,008 | +34.7% |
| Operating profit (loss) | 9901 | €32,257 | €65,089 | +€32,832 | +101.8% |
| Financial income | 75/76B | - | €1,313 | +€1,313 | |
| Recurring financial income | 75 | - | €1,313 | +€1,313 | |
| Financial charges | 65/66B | €2,764 | €2,016 | -€747 | -27.0% |
| Recurring financial charges | 65 | €2,764 | €2,016 | -€747 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €29,493 | €64,385 | +€34,892 | +118.3% |
| Income taxes | 67/77 | €6,951 | €21,377 | +€14,426 | +207.5% |
| Profit (loss) for the period | 9904 | €22,542 | €43,008 | +€20,466 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,542 | €43,008 | +€20,466 | +90.8% |
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 5 October 2026 via checked.be.