BUSINESS HARMONY: 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 HARMONY
Largest movements
- Cash +€142,050
up €142,050 (+305%), from €46,515 to €188,565
mainly Receivables within one year (+€95,875) and Current investments (+€70,000)
- Receivables within one year -€95,875
down €95,875 (-86.3%), from €111,076 to €15,201
of which Trade receivables: -€94,387
- Current investments -€70,000
down €70,000 (-100%), from €70,000 to €0
- Tangible fixed assets -€19,288
down €19,288 (-27.7%), from €69,716 to €50,429
of which Furniture and vehicles: -€18,457
- Trade debts -€79,414
down €79,414 (-98.9%), from €80,302 to €888
- Other debts +€41,575
new in 2025: €41,575
- Reserves -€7,243
down €7,243 (-3.4%), from €210,516 to €203,273
- Financial income +€2,175
up €2,175, from €0 to €2,175
- Taxes +€1,315
up €1,315 (+7.9%), from €16,666 to €17,981
- Gross operating margin +€909
up €909 (+1.3%), from €71,967 to €72,876
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 | €298,087 | €255,229 | -€42,858 | -14.4% |
| Fixed assets | 21/28 | €69,716 | €50,429 | -€19,288 | -27.7% |
| Tangible fixed assets | 22/27 | €69,716 | €50,429 | -€19,288 | -27.7% |
| Plant, machinery and equipment | 23 | €1,822 | €992 | -€831 | -45.6% |
| Furniture and vehicles | 24 | €67,894 | €49,437 | -€18,457 | -27.2% |
| Current assets | 29/58 | €228,371 | €204,800 | -€23,570 | -10.3% |
| Amounts receivable within one year | 40/41 | €111,076 | €15,201 | -€95,875 | -86.3% |
| Trade receivables | 40 | €105,858 | €11,471 | -€94,387 | -89.2% |
| Other amounts receivable | 41 | €5,218 | €3,730 | -€1,488 | -28.5% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €46,515 | €188,565 | +€142,050 | +305% |
| Deferred charges and accrued income | 490/1 | €779 | €1,034 | +€255 | +32.7% |
| Total equity and liabilities | 10/49 | €298,087 | €255,229 | -€42,858 | -14.4% |
| Equity | 10/15 | €212,516 | €205,273 | -€7,243 | -3.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €210,516 | €203,273 | -€7,243 | -3.4% |
| Distributable reserves | 133 | €210,516 | €203,273 | -€7,243 | -3.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €85,571 | €49,956 | -€35,615 | -41.6% |
| Amounts payable within one year | 42/48 | €85,571 | €49,956 | -€35,615 | -41.6% |
| Trade debts | 44 | €80,302 | €888 | -€79,414 | -98.9% |
| Suppliers | 440/4 | €80,302 | €888 | -€79,414 | -98.9% |
| Taxes, remuneration and social security | 45 | €5,269 | €7,493 | +€2,224 | +42.2% |
| Taxes | 450/3 | €5,269 | €7,493 | +€2,224 | +42.2% |
| Other amounts payable | 47/48 | - | €41,575 | +€41,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,424 | €19,288 | -€136 | -0.7% |
| Other operating charges | 640/8 | €1,750 | €1,168 | -€582 | -33.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €71,967 | €72,876 | +€909 | +1.3% |
| Operating profit (loss) | 9901 | €50,793 | €52,420 | +€1,627 | +3.2% |
| Financial income | 75/76B | €0 | €2,175 | +€2,175 | |
| Recurring financial income | 75 | €0 | €2,175 | +€2,175 | |
| Financial charges | 65/66B | €107 | €94 | -€13 | -11.8% |
| Recurring financial charges | 65 | €107 | €94 | -€13 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €50,687 | €54,501 | +€3,814 | +7.5% |
| Income taxes | 67/77 | €16,666 | €17,981 | +€1,315 | +7.9% |
| Profit (loss) for the period | 9904 | €34,021 | €36,520 | +€2,499 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,021 | €36,520 | +€2,499 | +7.3% |
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 28 October 2026 via checked.be.