BUSINESS N.D.: 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 N.D.
Largest movements
- Receivables within one year +€29,877
up €29,877 (+180%), from €16,569 to €46,446
- Tangible fixed assets +€1,613
up €1,613 (+36.8%), from €4,385 to €5,998
of which Furniture and vehicles: +€984
- Cash +€860
up €860 (+24.1%), from €3,574 to €4,434
mainly Trade debts (+€35,399) and Other debts (+€3,604)
- Trade debts +€35,399
up €35,399 (+149%), from €23,721 to €59,120
- Profit (loss) carried forward -€5,523
down €5,523 (-93.5%), from -€5,904 to -€11,427
- Other debts +€3,604
up €3,604 (+278%), from €1,294 to €4,898
- Tax, wage and social debts -€768
down €768 (-16.9%), from €4,546 to €3,778
of which Taxes: -€598
- Staff costs +€14,761
up €14,761 (+140%), from €10,518 to €25,278
- Gross operating margin +€10,908
up €10,908 (+82.3%), from €13,258 to €24,166
- Other operating charges +€2,068
up €2,068 (+257%), from €804 to €2,872
- Depreciation +€861
up €861 (+209%), from €412 to €1,274
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 | €26,657 | €59,369 | +€32,712 | +123% |
| Fixed assets | 21/28 | €4,385 | €5,998 | +€1,613 | +36.8% |
| Tangible fixed assets | 22/27 | €4,385 | €5,998 | +€1,613 | +36.8% |
| Plant, machinery and equipment | 23 | €3,324 | €3,953 | +€629 | +18.9% |
| Furniture and vehicles | 24 | €1,061 | €2,045 | +€984 | +92.7% |
| Current assets | 29/58 | €22,272 | €53,371 | +€31,099 | +140% |
| Stocks and contracts in progress | 3 | €2,129 | €2,491 | +€361 | +17.0% |
| Stocks | 30/36 | €2,129 | €2,491 | +€361 | +17.0% |
| Amounts receivable within one year | 40/41 | €16,569 | €46,446 | +€29,877 | +180% |
| Trade receivables | 40 | €16,569 | €46,446 | +€29,877 | +180% |
| Cash at bank and in hand | 54/58 | €3,574 | €4,434 | +€860 | +24.1% |
| Total equity and liabilities | 10/49 | €26,657 | €59,369 | +€32,712 | +123% |
| Equity | 10/15 | -€2,904 | -€8,427 | -€5,523 | -190% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,904 | -€11,427 | -€5,523 | -93.5% |
| Amounts payable | 17/49 | €29,562 | €67,796 | +€38,235 | +129% |
| Amounts payable within one year | 42/48 | €29,562 | €67,796 | +€38,235 | +129% |
| Trade debts | 44 | €23,721 | €59,120 | +€35,399 | +149% |
| Suppliers | 440/4 | €23,721 | €59,120 | +€35,399 | +149% |
| Taxes, remuneration and social security | 45 | €4,546 | €3,778 | -€768 | -16.9% |
| Taxes | 450/3 | €1,657 | €1,059 | -€598 | -36.1% |
| Remuneration and social security | 454/9 | €2,889 | €2,720 | -€170 | -5.9% |
| Other amounts payable | 47/48 | €1,294 | €4,898 | +€3,604 | +278% |
| Remuneration, social security and pensions | 62 | €10,518 | €25,278 | +€14,761 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €1,274 | +€861 | +209% |
| Other operating charges | 640/8 | €804 | €2,872 | +€2,068 | +257% |
| Gross operating margin | 9900 | €13,258 | €24,166 | +€10,908 | +82.3% |
| Operating profit (loss) | 9901 | €1,524 | -€5,258 | -€6,782 | |
| Financial income | 75/76B | €1 | €33 | +€32 | +4,853% |
| Recurring financial income | 75 | €1 | €33 | +€32 | +4,853% |
| Financial charges | 65/66B | €263 | €298 | +€35 | +13.1% |
| Recurring financial charges | 65 | €263 | €298 | +€35 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €1,262 | -€5,523 | -€6,784 | |
| Profit (loss) for the period | 9904 | €1,262 | -€5,523 | -€6,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,262 | -€5,523 | -€6,784 |
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 25 October 2026 via checked.be.