Bill: 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.
Bill
Largest movements
- Receivables within one year +€146,122
up €146,122 (+927%), from €15,756 to €161,878
of which Other amounts receivable: +€146,122
- Cash +€53,121
up €53,121 (+40.8%), from €130,154 to €183,275
mainly Net result for the year (+€220,641) and Tax, wage and social debts (+€22,337)
- Tangible fixed assets -€10,334
down €10,334 (-11.6%), from €88,944 to €78,609
of which Furniture and vehicles: -€6,134
- Deferred charges and accrued income +€7,371
up €7,371 (+97.6%), from €7,553 to €14,924
- Reserves +€196,708
up €196,708 (+45.4%), from €433,031 to €629,738
- Tax, wage and social debts +€22,337
up €22,337 (+312%), from €7,167 to €29,503
- Debts after one year -€17,311
down €17,311 (-31.2%), from €55,446 to €38,135
- Financial income +€148,679
up €148,679 (+11,523%), from €1,290 to €149,969
- Gross operating margin +€28,759
up €28,759 (+24.9%), from €115,270 to €144,029
- Taxes +€26,731
up €26,731 (+98.6%), from €27,110 to €53,842
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 | €531,219 | €727,500 | +€196,280 | +36.9% |
| Fixed assets | 21/28 | €377,756 | €367,422 | -€10,334 | -2.7% |
| Tangible fixed assets | 22/27 | €88,944 | €78,609 | -€10,334 | -11.6% |
| Land and buildings | 22 | €54,600 | €50,400 | -€4,200 | -7.7% |
| Furniture and vehicles | 24 | €34,344 | €28,209 | -€6,134 | -17.9% |
| Financial fixed assets | 28 | €288,812 | €288,812 | = | 0.0% |
| Current assets | 29/58 | €153,463 | €360,078 | +€206,614 | +135% |
| Amounts receivable within one year | 40/41 | €15,756 | €161,878 | +€146,122 | +927% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €3,656 | €149,778 | +€146,122 | +3,997% |
| Cash at bank and in hand | 54/58 | €130,154 | €183,275 | +€53,121 | +40.8% |
| Deferred charges and accrued income | 490/1 | €7,553 | €14,924 | +€7,371 | +97.6% |
| Total equity and liabilities | 10/49 | €531,219 | €727,500 | +€196,280 | +36.9% |
| Equity | 10/15 | €443,031 | €639,738 | +€196,708 | +44.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €433,031 | €629,738 | +€196,708 | +45.4% |
| Distributable reserves | 133 | €433,031 | €629,738 | +€196,708 | +45.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €88,189 | €87,761 | -€428 | -0.5% |
| Amounts payable after more than one year | 17 | €55,446 | €38,135 | -€17,311 | -31.2% |
| Financial debts | 170/4 | €55,446 | €38,135 | -€17,311 | -31.2% |
| Amounts payable within one year | 42/48 | €32,743 | €49,626 | +€16,883 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €23,592 | €17,311 | -€6,282 | -26.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,206 | €1,387 | +€181 | +15.0% |
| Suppliers | 440/4 | €1,206 | €1,387 | +€181 | +15.0% |
| Taxes, remuneration and social security | 45 | €7,167 | €29,503 | +€22,337 | +312% |
| Taxes | 450/3 | €7,167 | €29,503 | +€22,337 | +312% |
| Other amounts payable | 47/48 | €779 | €1,425 | +€647 | +83.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,311 | €16,497 | +€1,186 | +7.7% |
| Other operating charges | 640/8 | €549 | €695 | +€146 | +26.5% |
| Gross operating margin | 9900 | €115,270 | €144,029 | +€28,759 | +24.9% |
| Operating profit (loss) | 9901 | €99,410 | €126,838 | +€27,427 | +27.6% |
| Financial income | 75/76B | €1,290 | €149,969 | +€148,679 | +11,523% |
| Recurring financial income | 75 | €1,290 | €149,969 | +€148,679 | +11,523% |
| Financial charges | 65/66B | €2,976 | €2,324 | -€652 | -21.9% |
| Recurring financial charges | 65 | €2,976 | €2,324 | -€652 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €97,725 | €274,482 | +€176,758 | +181% |
| Income taxes | 67/77 | €27,110 | €53,842 | +€26,731 | +98.6% |
| Profit (loss) for the period | 9904 | €70,614 | €220,641 | +€150,027 | +212% |
| Profit (loss) for the period to be appropriated | 9905 | €70,614 | €220,641 | +€150,027 | +212% |
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 24 October 2026 via checked.be.