Bridging and MORE: 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.
Bridging and MORE
Largest movements
- Cash +€159,372
up €159,372 (+166%), from €95,923 to €255,295
mainly Other debts (+€218,633) and Net result for the year (+€126,932)
- Other debts +€218,633
up €218,633 (+3,467%), from €6,306 to €224,939
- Reserves -€125,000
down €125,000 (-80.6%), from €155,000 to €30,000
- Tax, wage and social debts +€42,365
up €42,365 (+230%), from €18,402 to €60,768
of which Taxes: +€42,365
- Accrued charges and deferred income +€22,000
new in 2025: €22,000
- Gross operating margin -€24,357
down €24,357 (-12.1%), from €202,062 to €177,705
- Taxes -€5,573
down €5,573 (-10.7%), from €51,861 to €46,288
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 | €190,131 | €351,864 | +€161,733 | +85.1% |
| Fixed assets | 21/28 | €8,246 | €4,305 | -€3,941 | -47.8% |
| Intangible fixed assets | 21 | €5,249 | €4,249 | -€1,000 | -19.1% |
| Tangible fixed assets | 22/27 | €2,998 | €56 | -€2,941 | -98.1% |
| Furniture and vehicles | 24 | €2,998 | €56 | -€2,941 | -98.1% |
| Current assets | 29/58 | €181,885 | €347,559 | +€165,674 | +91.1% |
| Amounts receivable within one year | 40/41 | €85,276 | €88,589 | +€3,313 | +3.9% |
| Trade receivables | 40 | €75,651 | €78,859 | +€3,208 | +4.2% |
| Other amounts receivable | 41 | €9,625 | €9,730 | +€105 | +1.1% |
| Cash at bank and in hand | 54/58 | €95,923 | €255,295 | +€159,372 | +166% |
| Deferred charges and accrued income | 490/1 | €686 | €3,675 | +€2,989 | +436% |
| Total equity and liabilities | 10/49 | €190,131 | €351,864 | +€161,733 | +85.1% |
| Equity | 10/15 | €161,505 | €38,437 | -€123,068 | -76.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €155,000 | €30,000 | -€125,000 | -80.6% |
| Distributable reserves | 133 | €155,000 | €30,000 | -€125,000 | -80.6% |
| Profit (loss) carried forward | 14 | €3,505 | €5,437 | +€1,932 | +55.1% |
| Amounts payable | 17/49 | €28,626 | €313,427 | +€284,801 | +995% |
| Amounts payable within one year | 42/48 | €28,626 | €291,427 | +€262,801 | +918% |
| Trade debts | 44 | €3,917 | €5,565 | +€1,648 | +42.1% |
| Suppliers | 440/4 | €3,917 | €5,565 | +€1,648 | +42.1% |
| Advances received on contracts in progress | 46 | - | €155 | +€155 | |
| Taxes, remuneration and social security | 45 | €18,402 | €60,768 | +€42,365 | +230% |
| Taxes | 450/3 | €17,525 | €59,890 | +€42,365 | +242% |
| Remuneration and social security | 454/9 | €877 | €877 | = | 0.0% |
| Other amounts payable | 47/48 | €6,306 | €224,939 | +€218,633 | +3,467% |
| Accrued charges and deferred income | 492/3 | - | €22,000 | +€22,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,941 | €3,941 | = | 0.0% |
| Other operating charges | 640/8 | €410 | €861 | +€452 | +110% |
| Gross operating margin | 9900 | €202,062 | €177,705 | -€24,357 | -12.1% |
| Operating profit (loss) | 9901 | €197,711 | €172,902 | -€24,809 | -12.5% |
| Financial income | 75/76B | €10 | €424 | +€414 | +4,034% |
| Recurring financial income | 75 | €10 | €424 | +€414 | +4,034% |
| Financial charges | 65/66B | €604 | €106 | -€499 | -82.5% |
| Recurring financial charges | 65 | €604 | €106 | -€499 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €197,117 | €173,220 | -€23,897 | -12.1% |
| Income taxes | 67/77 | €51,861 | €46,288 | -€5,573 | -10.7% |
| Profit (loss) for the period | 9904 | €145,256 | €126,932 | -€18,324 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €145,256 | €126,932 | -€18,324 | -12.6% |
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 15 October 2026 via checked.be.