Book'u: 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.
Book'u
Largest movements
- Intangible fixed assets +€780,369
up €780,369 (+54.6%), from €1.4m to €2.2m
- Cash -€80,617
down €80,617 (-98.3%), from €82,005 to €1,388
mainly Investment in fixed assets (net) (-€1.4m) and Net result for the year (-€730,190)
- Receivables after one year +€37,794
up €37,794 (+55.3%), from €68,381 to €106,175
- Debts after one year +€1.4m
up €1.4m (+34.4%), from €3.9m to €5.3m
- Profit (loss) carried forward -€730,190
down €730,190 (-17.8%), from -€4.1m to -€4.8m
- Tax, wage and social debts +€102,057
up €102,057 (+30.0%), from €339,680 to €441,737
of which Remuneration and social security: +€113,725
- Accrued charges and deferred income +€75,421
up €75,421 (+48.8%), from €154,504 to €229,925
- Trade debts -€38,751
down €38,751 (-18.8%), from €206,259 to €167,508
- Gross operating margin +€978,050
up €978,050 (+88.3%), from €1.1m to €2.1m
- Staff costs +€468,003
up €468,003 (+34.2%), from €1.4m to €1.8m
- Depreciation +€195,499
up €195,499 (+54.5%), from €358,644 to €554,144
- Financial charges +€190,745
up €190,745 (+73.1%), from €260,875 to €451,620
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 | €1,817,262 | €2,575,800 | +€758,538 | +41.7% |
| Fixed assets | 21/28 | €1,453,606 | €2,251,236 | +€797,630 | +54.9% |
| Intangible fixed assets | 21 | €1,429,305 | €2,209,674 | +€780,369 | +54.6% |
| Tangible fixed assets | 22/27 | €24,301 | €32,792 | +€8,491 | +34.9% |
| Furniture and vehicles | 24 | €24,301 | €32,792 | +€8,491 | +34.9% |
| Financial fixed assets | 28 | - | €8,770 | +€8,770 | |
| Current assets | 29/58 | €363,656 | €324,564 | -€39,092 | -10.7% |
| Amounts receivable after more than one year | 29 | €68,381 | €106,175 | +€37,794 | +55.3% |
| Other amounts receivable | 291 | €68,381 | €106,175 | +€37,794 | +55.3% |
| Amounts receivable within one year | 40/41 | €194,936 | €196,391 | +€1,455 | +0.7% |
| Trade receivables | 40 | €186,319 | €189,855 | +€3,536 | +1.9% |
| Other amounts receivable | 41 | €8,617 | €6,536 | -€2,081 | -24.1% |
| Cash at bank and in hand | 54/58 | €82,005 | €1,388 | -€80,617 | -98.3% |
| Deferred charges and accrued income | 490/1 | €18,333 | €20,609 | +€2,276 | +12.4% |
| Total equity and liabilities | 10/49 | €1,817,262 | €2,575,800 | +€758,538 | +41.7% |
| Equity | 10/15 | -€2,808,181 | -€3,538,370 | -€730,190 | -26.0% |
| Contributions | 10/11 | €1,287,838 | €1,287,838 | = | 0.0% |
| Capital | 10 | €1,287,838 | €1,287,838 | = | 0.0% |
| Issued capital | 100 | €1,287,838 | €1,287,838 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,096,019 | -€4,826,209 | -€730,190 | -17.8% |
| Amounts payable | 17/49 | €4,625,442 | €6,114,170 | +€1.5m | +32.2% |
| Amounts payable after more than one year | 17 | €3,925,000 | €5,275,000 | +€1.4m | +34.4% |
| Financial debts | 170/4 | €3,925,000 | €5,275,000 | +€1.4m | +34.4% |
| Amounts payable within one year | 42/48 | €545,939 | €609,245 | +€63,306 | +11.6% |
| Trade debts | 44 | €206,259 | €167,508 | -€38,751 | -18.8% |
| Suppliers | 440/4 | €206,259 | €167,508 | -€38,751 | -18.8% |
| Taxes, remuneration and social security | 45 | €339,680 | €441,737 | +€102,057 | +30.0% |
| Taxes | 450/3 | €43,794 | €32,126 | -€11,668 | -26.6% |
| Remuneration and social security | 454/9 | €295,886 | €409,611 | +€113,725 | +38.4% |
| Accrued charges and deferred income | 492/3 | €154,504 | €229,925 | +€75,421 | +48.8% |
| Non-recurring operating income | 76A | - | €7,504 | +€7,504 | |
| Remuneration, social security and pensions | 62 | €1,369,564 | €1,837,568 | +€468,003 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358,644 | €554,144 | +€195,499 | +54.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,474 | €4,508 | +€1,035 | +29.8% |
| Gross operating margin | 9900 | €1,107,431 | €2,085,481 | +€978,050 | +88.3% |
| Operating profit (loss) | 9901 | -€624,251 | -€310,738 | +€313,513 | +50.2% |
| Financial income | 75/76B | €1,013 | €904 | -€109 | -10.7% |
| Recurring financial income | 75 | €1,013 | €904 | -€109 | -10.7% |
| Financial charges | 65/66B | €260,875 | €451,620 | +€190,745 | +73.1% |
| Recurring financial charges | 65 | €260,875 | €451,620 | +€190,745 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | -€884,113 | -€761,454 | +€122,659 | +13.9% |
| Income taxes | 67/77 | -€29,982 | -€31,265 | -€1,283 | -4.3% |
| Profit (loss) for the period | 9904 | -€854,131 | -€730,190 | +€123,942 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€854,131 | -€730,190 | +€123,942 | +14.5% |
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 10 October 2026 via checked.be.