BUSINESS CATALYST: 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.
BUSINESS CATALYST
Largest movements
- Cash +€25,899
up €25,899 (+40.3%), from €64,344 to €90,243
mainly Net result for the year (+€52,074) and Other debts (+€24,952)
- Receivables within one year +€20,735
up €20,735 (+167%), from €12,385 to €33,120
of which Trade receivables: +€19,891
- Other debts +€24,952
up €24,952 (+51,983%), from €48 to €25,000
- Tax, wage and social debts +€15,389
up €15,389 (+72.7%), from €21,168 to €36,557
- Profit (loss) carried forward +€5,199
up €5,199 (+9.7%), from €53,843 to €59,042
- Gross operating margin -€3,663
down €3,663 (-5.2%), from €70,967 to €67,304
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 | €79,730 | €125,737 | +€46,007 | +57.7% |
| Fixed assets | 21/28 | €3,001 | €2,361 | -€640 | -21.3% |
| Tangible fixed assets | 22/27 | €2,945 | €2,305 | -€640 | -21.7% |
| Furniture and vehicles | 24 | €1,701 | €1,189 | -€512 | -30.1% |
| Other tangible fixed assets | 26 | €1,244 | €1,116 | -€128 | -10.3% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €76,729 | €123,376 | +€46,647 | +60.8% |
| Amounts receivable within one year | 40/41 | €12,385 | €33,120 | +€20,735 | +167% |
| Trade receivables | 40 | €12,385 | €32,276 | +€19,891 | +161% |
| Other amounts receivable | 41 | - | €844 | +€844 | |
| Cash at bank and in hand | 54/58 | €64,344 | €90,243 | +€25,899 | +40.3% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €79,730 | €125,737 | +€46,007 | +57.7% |
| Equity | 10/15 | €56,343 | €61,542 | +€5,199 | +9.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,843 | €59,042 | +€5,199 | +9.7% |
| Amounts payable | 17/49 | €23,387 | €64,195 | +€40,808 | +174% |
| Amounts payable within one year | 42/48 | €23,387 | €64,195 | +€40,808 | +174% |
| Trade debts | 44 | €2,171 | €2,638 | +€467 | +21.5% |
| Suppliers | 440/4 | €2,171 | €2,638 | +€467 | +21.5% |
| Taxes, remuneration and social security | 45 | €21,168 | €36,557 | +€15,389 | +72.7% |
| Taxes | 450/3 | €21,168 | €36,557 | +€15,389 | +72.7% |
| Other amounts payable | 47/48 | €48 | €25,000 | +€24,952 | +51,983% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €640 | +€210 | +48.8% |
| Other operating charges | 640/8 | - | €342 | +€342 | |
| Gross operating margin | 9900 | €70,967 | €67,304 | -€3,663 | -5.2% |
| Operating profit (loss) | 9901 | €70,537 | €66,322 | -€4,215 | -6.0% |
| Financial charges | 65/66B | €128 | €140 | +€12 | +9.4% |
| Recurring financial charges | 65 | €128 | €140 | +€12 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €70,409 | €66,182 | -€4,227 | -6.0% |
| Income taxes | 67/77 | €14,500 | €14,108 | -€392 | -2.7% |
| Profit (loss) for the period | 9904 | €55,909 | €52,074 | -€3,835 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,909 | €52,074 | -€3,835 | -6.9% |
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 21 October 2026 via checked.be.