By Data Consulting: 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 Data Consulting
Largest movements
- Cash +€83,458
up €83,458 (+45.7%), from €182,533 to €265,991
mainly Net result for the year (+€90,299) and Receivables within one year (+€13,483)
- Receivables within one year -€13,483
down €13,483 (-44.1%), from €30,562 to €17,079
of which Trade receivables: -€15,660
- Tangible fixed assets -€10,526
down €10,526 (-34.4%), from €30,583 to €20,057
- Profit (loss) carried forward +€90,299
new in 2025: €90,299
- Tax, wage and social debts -€24,736
down €24,736 (-73.0%), from €33,887 to €9,151
- Debts after one year -€8,502
down €8,502 (-47.1%), from €18,064 to €9,561
No income-statement line moved by more than 1% of the activity.
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 | €246,013 | €305,305 | +€59,292 | +24.1% |
| Fixed assets | 21/28 | €30,583 | €20,057 | -€10,526 | -34.4% |
| Tangible fixed assets | 22/27 | €30,583 | €20,057 | -€10,526 | -34.4% |
| Furniture and vehicles | 24 | €30,583 | €20,057 | -€10,526 | -34.4% |
| Current assets | 29/58 | €215,430 | €285,247 | +€69,818 | +32.4% |
| Amounts receivable within one year | 40/41 | €30,562 | €17,079 | -€13,483 | -44.1% |
| Trade receivables | 40 | €29,173 | €13,513 | -€15,660 | -53.7% |
| Other amounts receivable | 41 | €1,389 | €3,566 | +€2,177 | +157% |
| Cash at bank and in hand | 54/58 | €182,533 | €265,991 | +€83,458 | +45.7% |
| Deferred charges and accrued income | 490/1 | €2,334 | €2,177 | -€157 | -6.7% |
| Total equity and liabilities | 10/49 | €246,013 | €305,305 | +€59,292 | +24.1% |
| Equity | 10/15 | €185,339 | €275,638 | +€90,299 | +48.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €183,839 | €183,839 | = | 0.0% |
| Distributable reserves | 133 | €183,839 | €183,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €90,299 | +€90,299 | |
| Amounts payable | 17/49 | €60,674 | €29,667 | -€31,007 | -51.1% |
| Amounts payable after more than one year | 17 | €18,064 | €9,561 | -€8,502 | -47.1% |
| Financial debts | 170/4 | €18,064 | €9,561 | -€8,502 | -47.1% |
| Amounts payable within one year | 42/48 | €42,610 | €20,106 | -€22,504 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €8,203 | €8,502 | +€299 | +3.6% |
| Trade debts | 44 | €520 | €1,052 | +€532 | +102% |
| Suppliers | 440/4 | €520 | €1,052 | +€532 | +102% |
| Taxes, remuneration and social security | 45 | €33,887 | €9,151 | -€24,736 | -73.0% |
| Taxes | 450/3 | €33,887 | €9,151 | -€24,736 | -73.0% |
| Other amounts payable | 47/48 | - | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,526 | €10,526 | = | 0.0% |
| Other operating charges | 640/8 | €1,272 | €674 | -€598 | -47.0% |
| Gross operating margin | 9900 | €126,542 | €126,266 | -€276 | -0.2% |
| Operating profit (loss) | 9901 | €114,744 | €115,067 | +€322 | +0.3% |
| Financial charges | 65/66B | €1,188 | €945 | -€243 | -20.5% |
| Recurring financial charges | 65 | €1,188 | €945 | -€243 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €113,557 | €114,122 | +€565 | +0.5% |
| Income taxes | 67/77 | €23,611 | €23,823 | +€213 | +0.9% |
| Profit (loss) for the period | 9904 | €89,946 | €90,299 | +€353 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,946 | €90,299 | +€353 | +0.4% |
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 13 October 2026 via checked.be.