BILANDE EVENTS: 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.
BILANDE EVENTS
Largest movements
- Cash +€23,771
up €23,771 (+166%), from €14,300 to €38,070
mainly Current investments (+€15,000) and Other debts (+€9,767)
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets +€5,905
up €5,905 (+118%), from €4,985 to €10,890
of which Land and buildings: +€8,491
- Receivables within one year -€4,191
down €4,191 (-81.6%), from €5,133 to €942
of which Trade receivables: -€2,997
- Other debts +€9,767
up €9,767 (+6.3%), from €155,350 to €165,117
- Trade debts +€3,281
up €3,281 (+223%), from €1,474 to €4,755
- Advances received -€3,000
no longer reported in 2025 (was €3,000)
- Tax, wage and social debts +€1,018
new in 2025: €1,018
- Gross operating margin +€27,330
up €27,330, from -€25,891 to €1,439
- Financial income +€1,771
up €1,771 (+224,210%), from €1 to €1,772
- Depreciation +€914
up €914 (+47.6%), from €1,923 to €2,837
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.
Derived cash bridge
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 | €39,738 | €50,542 | +€10,804 | +27.2% |
| Fixed assets | 21/28 | €4,985 | €10,890 | +€5,905 | +118% |
| Tangible fixed assets | 22/27 | €4,985 | €10,890 | +€5,905 | +118% |
| Land and buildings | 22 | - | €8,491 | +€8,491 | |
| Plant, machinery and equipment | 23 | €3,217 | €1,940 | -€1,277 | -39.7% |
| Other tangible fixed assets | 26 | €1,768 | €459 | -€1,309 | -74.0% |
| Current assets | 29/58 | €34,753 | €39,652 | +€4,899 | +14.1% |
| Amounts receivable within one year | 40/41 | €5,133 | €942 | -€4,191 | -81.6% |
| Trade receivables | 40 | €3,745 | €748 | -€2,997 | -80.0% |
| Other amounts receivable | 41 | €1,388 | €195 | -€1,194 | -86.0% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €14,300 | €38,070 | +€23,771 | +166% |
| Deferred charges and accrued income | 490/1 | €320 | €640 | +€319 | +99.6% |
| Total equity and liabilities | 10/49 | €39,738 | €50,542 | +€10,804 | +27.2% |
| Equity | 10/15 | -€120,086 | -€120,348 | -€262 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,546 | -€140,808 | -€262 | -0.2% |
| Amounts payable | 17/49 | €159,824 | €170,890 | +€11,066 | +6.9% |
| Amounts payable within one year | 42/48 | €159,824 | €170,890 | +€11,066 | +6.9% |
| Trade debts | 44 | €1,474 | €4,755 | +€3,281 | +223% |
| Suppliers | 440/4 | €1,474 | €4,755 | +€3,281 | +223% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | - | €1,018 | +€1,018 | |
| Taxes | 450/3 | - | €1,018 | +€1,018 | |
| Other amounts payable | 47/48 | €155,350 | €165,117 | +€9,767 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,923 | €2,837 | +€914 | +47.6% |
| Other operating charges | 640/8 | €422 | €400 | -€23 | -5.4% |
| Gross operating margin | 9900 | -€25,891 | €1,439 | +€27,330 | |
| Operating profit (loss) | 9901 | -€28,236 | -€1,798 | +€26,438 | +93.6% |
| Financial income | 75/76B | €1 | €1,772 | +€1,771 | +224,210% |
| Recurring financial income | 75 | €1 | €1,772 | +€1,771 | +224,210% |
| Financial charges | 65/66B | €161 | €235 | +€74 | +45.9% |
| Recurring financial charges | 65 | €161 | €235 | +€74 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,396 | -€262 | +€28,135 | +99.1% |
| Profit (loss) for the period | 9904 | -€28,396 | -€262 | +€28,135 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,396 | -€262 | +€28,135 | +99.1% |
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 18 October 2026 via checked.be.