BILANS: 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.
BILANS
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€21,738
up €21,738 (+22.6%), from €96,392 to €118,130
of which Other amounts receivable: +€27,818
- Tangible fixed assets -€9,430
down €9,430 (-28.5%), from €33,130 to €23,700
of which Furniture and vehicles: -€8,780
- Receivables after one year +€8,602
up €8,602 (+16.1%), from €53,447 to €62,049
- Profit (loss) carried forward -€108,476
down €108,476 (-52.1%), from €208,324 to €99,848
- Other debts +€67,036
up €67,036 (+33.5%), from €200,000 to €267,036
- Tax, wage and social debts -€42,175
down €42,175 (-64.2%), from €65,665 to €23,489
of which Taxes: -€42,092
- Trade debts +€7,575
up €7,575 (+1185.8%), from €639 to €8,214
- Gross operating margin +€17,637
up €17,637 (+9.5%), from €185,784 to €203,421
- Taxes +€4,554
up €4,554 (+10.9%), from €41,901 to €46,454
- Financial income +€3,934
up €3,934 (+100.2%), from €3,928 to €7,862
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 | €476,627 | €400,588 | -€76,039 | -16.0% |
| Fixed assets | 21/28 | €35,230 | €25,800 | -€9,430 | -26.8% |
| Tangible fixed assets | 22/27 | €33,130 | €23,700 | -€9,430 | -28.5% |
| Furniture and vehicles | 24 | €20,939 | €12,159 | -€8,780 | -41.9% |
| Other tangible fixed assets | 26 | €12,192 | €11,542 | -€650 | -5.3% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €441,397 | €374,787 | -€66,610 | -15.1% |
| Amounts receivable after more than one year | 29 | €53,447 | €62,049 | +€8,602 | +16.1% |
| Other amounts receivable | 291 | €53,447 | €62,049 | +€8,602 | +16.1% |
| Amounts receivable within one year | 40/41 | €96,392 | €118,130 | +€21,738 | +22.6% |
| Trade receivables | 40 | €33,470 | €27,390 | -€6,080 | -18.2% |
| Other amounts receivable | 41 | €62,922 | €90,740 | +€27,818 | +44.2% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €190,946 | €193,961 | +€3,015 | +1.6% |
| Deferred charges and accrued income | 490/1 | €612 | €647 | +€36 | +5.8% |
| Total equity and liabilities | 10/49 | €476,627 | €400,588 | -€76,039 | -16.0% |
| Equity | 10/15 | €210,324 | €101,848 | -€108,476 | -51.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,324 | €99,848 | -€108,476 | -52.1% |
| Amounts payable | 17/49 | €266,303 | €298,739 | +€32,436 | +12.2% |
| Amounts payable within one year | 42/48 | €266,303 | €298,739 | +€32,436 | +12.2% |
| Trade debts | 44 | €639 | €8,214 | +€7,575 | +1185.8% |
| Suppliers | 440/4 | €639 | €8,214 | +€7,575 | +1185.8% |
| Taxes, remuneration and social security | 45 | €65,665 | €23,489 | -€42,175 | -64.2% |
| Taxes | 450/3 | €65,581 | €23,489 | -€42,092 | -64.2% |
| Remuneration and social security | 454/9 | €84 | - | -€84 | |
| Other amounts payable | 47/48 | €200,000 | €267,036 | +€67,036 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,846 | €9,430 | -€416 | -4.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €185,784 | €203,421 | +€17,637 | +9.5% |
| Operating profit (loss) | 9901 | €175,551 | €193,591 | +€18,040 | +10.3% |
| Financial income | 75/76B | €3,928 | €7,862 | +€3,934 | +100.2% |
| Recurring financial income | 75 | €3,928 | €7,862 | +€3,934 | +100.2% |
| Financial charges | 65/66B | €218 | €122 | -€96 | -44.2% |
| Recurring financial charges | 65 | €218 | €122 | -€96 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €179,261 | €201,332 | +€22,071 | +12.3% |
| Income taxes | 67/77 | €41,901 | €46,454 | +€4,554 | +10.9% |
| Profit (loss) for the period | 9904 | €137,360 | €154,877 | +€17,517 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,360 | €154,877 | +€17,517 | +12.8% |
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 4 October 2026 via checked.be.