BY AUDIO: 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.
BY AUDIO
Largest movements
- Receivables within one year +€54,074
up €54,074 (+105%), from €51,401 to €105,474
of which Other amounts receivable: +€38,422
- Cash -€31,151
down €31,151 (-44.9%), from €69,445 to €38,295
mainly Contributions, distributions and other (-€108,000) and Receivables within one year (-€54,074)
- Financial fixed assets +€3,450
new in 2025: €3,450
- Other debts +€91,800
new in 2025: €91,800
- Profit (loss) carried forward -€70,080
down €70,080 (-79.5%), from €88,185 to €18,105
- Tax, wage and social debts +€12,582
up €12,582 (+59.8%), from €21,048 to €33,631
of which Taxes: +€12,668
- Trade debts -€9,106
down €9,106 (-51.9%), from €17,535 to €8,430
- Gross operating margin +€51,381
up €51,381 (+300%), from €17,145 to €68,525
- Taxes +€16,005
up €16,005 (+710%), from €2,254 to €18,259
- Other operating charges +€1,885
up €1,885 (+660%), from €285 to €2,170
- Financial income +€1,332
up €1,332 (+80.8%), from €1,650 to €2,982
- Staff costs -€1,249
down €1,249 (-16.7%), from €7,482 to €6,233
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 | €127,268 | €152,465 | +€25,197 | +19.8% |
| Fixed assets | 21/28 | €6,423 | €8,402 | +€1,979 | +30.8% |
| Tangible fixed assets | 22/27 | €6,423 | €4,952 | -€1,471 | -22.9% |
| Land and buildings | 22 | €864 | €691 | -€172 | -20.0% |
| Plant, machinery and equipment | 23 | €1,732 | €3,234 | +€1,503 | +86.8% |
| Furniture and vehicles | 24 | €3,827 | €1,027 | -€2,801 | -73.2% |
| Financial fixed assets | 28 | - | €3,450 | +€3,450 | |
| Current assets | 29/58 | €120,846 | €144,063 | +€23,217 | +19.2% |
| Amounts receivable within one year | 40/41 | €51,401 | €105,474 | +€54,074 | +105% |
| Trade receivables | 40 | €12,044 | €27,696 | +€15,652 | +130% |
| Other amounts receivable | 41 | €39,356 | €77,779 | +€38,422 | +97.6% |
| Cash at bank and in hand | 54/58 | €69,445 | €38,295 | -€31,151 | -44.9% |
| Deferred charges and accrued income | 490/1 | - | €294 | +€294 | |
| Total equity and liabilities | 10/49 | €127,268 | €152,465 | +€25,197 | +19.8% |
| Equity | 10/15 | €88,685 | €18,605 | -€70,080 | -79.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,185 | €18,105 | -€70,080 | -79.5% |
| Amounts payable | 17/49 | €38,584 | €133,860 | +€95,276 | +247% |
| Amounts payable within one year | 42/48 | €38,584 | €133,860 | +€95,276 | +247% |
| Trade debts | 44 | €17,535 | €8,430 | -€9,106 | -51.9% |
| Suppliers | 440/4 | €17,535 | €8,430 | -€9,106 | -51.9% |
| Taxes, remuneration and social security | 45 | €21,048 | €33,631 | +€12,582 | +59.8% |
| Taxes | 450/3 | €20,963 | €33,631 | +€12,668 | +60.4% |
| Remuneration and social security | 454/9 | €85 | - | -€85 | |
| Other amounts payable | 47/48 | - | €91,800 | +€91,800 | |
| Remuneration, social security and pensions | 62 | €7,482 | €6,233 | -€1,249 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,572 | €4,616 | +€1,044 | +29.2% |
| Other operating charges | 640/8 | €285 | €2,170 | +€1,885 | +660% |
| Gross operating margin | 9900 | €17,145 | €68,525 | +€51,381 | +300% |
| Operating profit (loss) | 9901 | €5,806 | €55,507 | +€49,701 | +856% |
| Financial income | 75/76B | €1,650 | €2,982 | +€1,332 | +80.8% |
| Recurring financial income | 75 | €1,650 | €2,982 | +€1,332 | +80.8% |
| Financial charges | 65/66B | €2,731 | €2,310 | -€421 | -15.4% |
| Recurring financial charges | 65 | €2,731 | €2,310 | -€421 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €4,724 | €56,179 | +€51,455 | +1,089% |
| Income taxes | 67/77 | €2,254 | €18,259 | +€16,005 | +710% |
| Profit (loss) for the period | 9904 | €2,470 | €37,920 | +€35,450 | +1,435% |
| Profit (loss) for the period to be appropriated | 9905 | €2,470 | €37,920 | +€35,450 | +1,435% |
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.