BUNDLE: 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.
BUNDLE
Largest movements
- Cash +€32,981
up €32,981 (+53.6%), from €61,565 to €94,546
mainly Other debts (+€70,959) and Net result for the year (+€33,745)
- Receivables within one year -€7,218
down €7,218 (-18.6%), from €38,775 to €31,557
of which Trade receivables: -€5,978
- Tangible fixed assets -€4,336
down €4,336 (-26.7%), from €16,262 to €11,926
of which Furniture and vehicles: -€4,724
- Other debts +€70,959
up €70,959 (+1,340%), from €5,296 to €76,255
- Profit (loss) carried forward -€51,255
down €51,255 (-49.9%), from €102,739 to €51,485
- Turnover -€159,190
no longer reported in 2025 (was €159,190)
- Purchases and services -€98,628
no longer reported in 2025 (was €98,628)
- Depreciation -€2,047
down €2,047 (-12.8%), from €16,045 to €13,998
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 | €121,464 | €141,945 | +€20,480 | +16.9% |
| Fixed assets | 21/28 | €21,124 | €15,768 | -€5,356 | -25.4% |
| Intangible fixed assets | 21 | €4,862 | €3,843 | -€1,020 | -21.0% |
| Tangible fixed assets | 22/27 | €16,262 | €11,926 | -€4,336 | -26.7% |
| Plant, machinery and equipment | 23 | €1,001 | €1,388 | +€387 | +38.7% |
| Furniture and vehicles | 24 | €15,261 | €10,538 | -€4,724 | -31.0% |
| Current assets | 29/58 | €100,340 | €126,176 | +€25,837 | +25.7% |
| Amounts receivable within one year | 40/41 | €38,775 | €31,557 | -€7,218 | -18.6% |
| Trade receivables | 40 | €30,957 | €24,980 | -€5,978 | -19.3% |
| Other amounts receivable | 41 | €7,817 | €6,577 | -€1,240 | -15.9% |
| Cash at bank and in hand | 54/58 | €61,565 | €94,546 | +€32,981 | +53.6% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €121,464 | €141,945 | +€20,480 | +16.9% |
| Equity | 10/15 | €104,739 | €53,485 | -€51,255 | -48.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,739 | €51,485 | -€51,255 | -49.9% |
| Amounts payable | 17/49 | €16,725 | €88,460 | +€71,735 | +429% |
| Amounts payable within one year | 42/48 | €16,713 | €88,460 | +€71,747 | +429% |
| Trade debts | 44 | €324 | €857 | +€533 | +165% |
| Suppliers | 440/4 | €324 | €857 | +€533 | +165% |
| Taxes, remuneration and social security | 45 | €11,093 | €11,347 | +€254 | +2.3% |
| Taxes | 450/3 | €11,093 | €11,347 | +€254 | +2.3% |
| Other amounts payable | 47/48 | €5,296 | €76,255 | +€70,959 | +1,340% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Turnover | 70 | €159,190 | - | -€159,190 | |
| Goods, raw materials, services and sundry goods | 60/61 | €98,628 | - | -€98,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,045 | €13,998 | -€2,047 | -12.8% |
| Other operating charges | 640/8 | €523 | €485 | -€38 | -7.3% |
| Gross operating margin | 9900 | €60,562 | €61,817 | +€1,255 | +2.1% |
| Operating profit (loss) | 9901 | €43,995 | €47,334 | +€3,339 | +7.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,450% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,450% |
| Financial charges | 65/66B | €132 | €167 | +€35 | +26.4% |
| Recurring financial charges | 65 | €132 | €167 | +€35 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €43,863 | €47,168 | +€3,305 | +7.5% |
| Income taxes | 67/77 | €12,186 | €13,423 | +€1,237 | +10.2% |
| Profit (loss) for the period | 9904 | €31,678 | €33,745 | +€2,068 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,678 | €33,745 | +€2,068 | +6.5% |
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 15 October 2026 via checked.be.