BUSINESS REBOUND: 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 REBOUND
Largest movements
- Receivables within one year +€15,846
up €15,846 (+44.8%), from €35,335 to €51,181
of which Trade receivables: +€18,090
- Cash -€7,292
down €7,292 (-27.7%), from €26,346 to €19,054
mainly Contributions, distributions and other (-€50,740) and Receivables within one year (-€15,846)
- Tangible fixed assets +€1,964
up €1,964 (+69.7%), from €2,818 to €4,781
- Tax, wage and social debts +€13,390
up €13,390 (+53.7%), from €24,916 to €38,306
- Trade debts -€2,328
down €2,328 (-79.3%), from €2,936 to €608
- Gross operating margin +€37,795
up €37,795 (+106%), from €35,693 to €73,488
- Taxes +€12,503
up €12,503 (+162%), from €7,741 to €20,244
- Depreciation +€1,129
up €1,129 (+150%), from €754 to €1,883
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 | €73,771 | €84,319 | +€10,548 | +14.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,875 | €4,839 | +€1,964 | +68.3% |
| Tangible fixed assets | 22/27 | €2,818 | €4,781 | +€1,964 | +69.7% |
| Furniture and vehicles | 24 | €2,818 | €4,781 | +€1,964 | +69.7% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €70,896 | €79,481 | +€8,584 | +12.1% |
| Amounts receivable within one year | 40/41 | €35,335 | €51,181 | +€15,846 | +44.8% |
| Trade receivables | 40 | - | €18,090 | +€18,090 | |
| Other amounts receivable | 41 | €35,335 | €33,092 | -€2,243 | -6.3% |
| Current investments | 50/53 | €8,000 | €8,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,346 | €19,054 | -€7,292 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,245 | +€30 | +2.5% |
| Total equity and liabilities | 10/49 | €73,771 | €84,319 | +€10,548 | +14.3% |
| Equity | 10/15 | €45,405 | €45,405 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,144 | €26,144 | = | 0.0% |
| Distributable reserves | 133 | €26,144 | €26,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,261 | €16,261 | = | 0.0% |
| Amounts payable | 17/49 | €28,366 | €38,914 | +€10,548 | +37.2% |
| Amounts payable within one year | 42/48 | €27,852 | €38,914 | +€11,062 | +39.7% |
| Trade debts | 44 | €2,936 | €608 | -€2,328 | -79.3% |
| Suppliers | 440/4 | €2,936 | €608 | -€2,328 | -79.3% |
| Taxes, remuneration and social security | 45 | €24,916 | €38,306 | +€13,390 | +53.7% |
| Taxes | 450/3 | €24,916 | €38,306 | +€13,390 | +53.7% |
| Accrued charges and deferred income | 492/3 | €514 | - | -€514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €754 | €1,883 | +€1,129 | +150% |
| Other operating charges | 640/8 | €387 | €448 | +€61 | +15.8% |
| Gross operating margin | 9900 | €35,693 | €73,488 | +€37,795 | +106% |
| Operating profit (loss) | 9901 | €34,552 | €71,157 | +€36,605 | +106% |
| Financial charges | 65/66B | €322 | €172 | -€150 | -46.4% |
| Recurring financial charges | 65 | €322 | €172 | -€150 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €34,230 | €70,984 | +€36,754 | +107% |
| Income taxes | 67/77 | €7,741 | €20,244 | +€12,503 | +162% |
| Profit (loss) for the period | 9904 | €26,489 | €50,740 | +€24,251 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,489 | €50,740 | +€24,251 | +91.6% |
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 30 October 2026 via checked.be.