BUSINESS PLUS: 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 PLUS
Largest movements
- Cash +€25,550
up €25,550 (+35.7%), from €71,590 to €97,140
mainly Net result for the year (+€55,311) and Trade debts (+€8,495)
- Tangible fixed assets +€15,898
up €15,898 (+1554.5%), from €1,023 to €16,920
of which Plant, machinery and equipment: +€12,257
- Receivables within one year +€12,096
up €12,096 (+40604.3%), from €30 to €12,126
of which Trade receivables: +€11,796
- Financial fixed assets +€2,600
new in 2025: €2,600
- Profit (loss) carried forward +€55,311
up €55,311 (+141.6%), from €39,066 to €94,377
- Other debts -€11,479
no longer reported in 2025 (was €11,479)
- Trade debts +€8,495
up €8,495 (+208.1%), from €4,083 to €12,578
- Tax, wage and social debts +€3,227
up €3,227 (+17.6%), from €18,362 to €21,589
- Gross operating margin +€20,681
up €20,681 (+40.5%), from €51,100 to €71,781
- Taxes +€4,307
up €4,307 (+42.1%), from €10,221 to €14,528
- Depreciation +€1,141
up €1,141 (+2000.9%), from €57 to €1,198
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.
Cash bridge derived
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 | €75,390 | €130,944 | +€55,554 | +73.7% |
| Fixed assets | 21/28 | €1,023 | €19,520 | +€18,498 | +1808.8% |
| Tangible fixed assets | 22/27 | €1,023 | €16,920 | +€15,898 | +1554.5% |
| Plant, machinery and equipment | 23 | - | €12,257 | +€12,257 | |
| Furniture and vehicles | 24 | €1,023 | €3,660 | +€2,637 | +257.9% |
| Other tangible fixed assets | 26 | - | €1,003 | +€1,003 | |
| Financial fixed assets | 28 | - | €2,600 | +€2,600 | |
| Current assets | 29/58 | €74,367 | €111,424 | +€37,057 | +49.8% |
| Amounts receivable within one year | 40/41 | €30 | €12,126 | +€12,096 | +40604.3% |
| Trade receivables | 40 | €30 | €11,826 | +€11,796 | +39597.6% |
| Other amounts receivable | 41 | - | €300 | +€300 | |
| Cash at bank and in hand | 54/58 | €71,590 | €97,140 | +€25,550 | +35.7% |
| Deferred charges and accrued income | 490/1 | €2,748 | €2,158 | -€590 | -21.5% |
| Total equity and liabilities | 10/49 | €75,390 | €130,944 | +€55,554 | +73.7% |
| Equity | 10/15 | €41,466 | €96,777 | +€55,311 | +133.4% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,066 | €94,377 | +€55,311 | +141.6% |
| Amounts payable | 17/49 | €33,924 | €34,168 | +€243 | +0.7% |
| Amounts payable within one year | 42/48 | €33,924 | €34,168 | +€243 | +0.7% |
| Trade debts | 44 | €4,083 | €12,578 | +€8,495 | +208.1% |
| Suppliers | 440/4 | €4,083 | €12,578 | +€8,495 | +208.1% |
| Taxes, remuneration and social security | 45 | €18,362 | €21,589 | +€3,227 | +17.6% |
| Taxes | 450/3 | €18,362 | €21,589 | +€3,227 | +17.6% |
| Other amounts payable | 47/48 | €11,479 | - | -€11,479 | |
| Non-recurring operating income | 76A | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57 | €1,198 | +€1,141 | +2000.9% |
| Other operating charges | 640/8 | €159 | €374 | +€215 | +135.0% |
| Non-recurring operating charges | 66A | €1,414 | - | -€1,414 | |
| Gross operating margin | 9900 | €51,100 | €71,781 | +€20,681 | +40.5% |
| Operating profit (loss) | 9901 | €49,470 | €70,209 | +€20,739 | +41.9% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €183 | €449 | +€266 | +145.2% |
| Recurring financial charges | 65 | €183 | €449 | +€266 | +145.2% |
| Profit (loss) for the period before taxes | 9903 | €49,287 | €69,839 | +€20,552 | +41.7% |
| Income taxes | 67/77 | €10,221 | €14,528 | +€4,307 | +42.1% |
| Profit (loss) for the period | 9904 | €39,066 | €55,311 | +€16,245 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,066 | €55,311 | +€16,245 | +41.6% |
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 11 October 2026 via checked.be.