BINARY LINK: 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.
BINARY LINK
Largest movements
- Cash +€43,647
up €43,647 (+43.3%), from €100,897 to €144,543
mainly Other debts (+€110,025) and Net result for the year (+€53,540)
- Receivables within one year +€14,451
up €14,451 (+79.8%), from €18,108 to €32,558
of which Trade receivables: +€8,411
- Other debts +€110,025
new in 2025: €110,025
- Profit (loss) carried forward -€56,485
down €56,485 (-51.3%), from €110,025 to €53,540
- Tax, wage and social debts +€3,608
up €3,608 (+30.9%), from €11,664 to €15,272
- Gross operating margin +€9,530
up €9,530 (+16.0%), from €59,532 to €69,062
- Taxes +€1,944
up €1,944 (+16.7%), from €11,664 to €13,608
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 | €124,288 | €182,123 | +€57,836 | +46.5% |
| Fixed assets | 21/28 | €5,283 | €3,879 | -€1,404 | -26.6% |
| Tangible fixed assets | 22/27 | €4,920 | €3,879 | -€1,041 | -21.2% |
| Furniture and vehicles | 24 | €4,920 | €3,879 | -€1,041 | -21.2% |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €119,004 | €178,244 | +€59,239 | +49.8% |
| Amounts receivable within one year | 40/41 | €18,108 | €32,558 | +€14,451 | +79.8% |
| Trade receivables | 40 | €549 | €8,960 | +€8,411 | +1532.1% |
| Other amounts receivable | 41 | €17,559 | €23,598 | +€6,040 | +34.4% |
| Cash at bank and in hand | 54/58 | €100,897 | €144,543 | +€43,647 | +43.3% |
| Deferred charges and accrued income | 490/1 | - | €1,142 | +€1,142 | |
| Total equity and liabilities | 10/49 | €124,288 | €182,123 | +€57,836 | +46.5% |
| Equity | 10/15 | €112,025 | €55,540 | -€56,485 | -50.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,025 | €53,540 | -€56,485 | -51.3% |
| Amounts payable | 17/49 | €12,263 | €126,583 | +€114,320 | +932.2% |
| Amounts payable within one year | 42/48 | €12,263 | €126,583 | +€114,320 | +932.2% |
| Trade debts | 44 | €599 | €1,287 | +€688 | +114.7% |
| Suppliers | 440/4 | €599 | €1,287 | +€688 | +114.7% |
| Taxes, remuneration and social security | 45 | €11,664 | €15,272 | +€3,608 | +30.9% |
| Taxes | 450/3 | €11,664 | €15,272 | +€3,608 | +30.9% |
| Other amounts payable | 47/48 | - | €110,025 | +€110,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,124 | €2,588 | +€465 | +21.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €59,532 | €69,062 | +€9,530 | +16.0% |
| Operating profit (loss) | 9901 | €57,021 | €66,074 | +€9,053 | +15.9% |
| Financial income | 75/76B | €995 | €1,119 | +€124 | +12.5% |
| Recurring financial income | 75 | €995 | €1,119 | +€124 | +12.5% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.3% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €57,973 | €67,148 | +€9,175 | +15.8% |
| Income taxes | 67/77 | €11,664 | €13,608 | +€1,944 | +16.7% |
| Profit (loss) for the period | 9904 | €46,309 | €53,540 | +€7,231 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,309 | €53,540 | +€7,231 | +15.6% |
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 29 September 2026 via checked.be.