BY JAMES: 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 JAMES
Largest movements
- Cash +€60,602
up €60,602 (+53.0%), from €114,413 to €175,015
mainly Net result for the year (+€56,316) and Other debts (+€48,114)
- Receivables within one year -€4,430
down €4,430 (-9.3%), from €47,816 to €43,386
of which Other amounts receivable: -€6,733
- Other debts +€48,114
up €48,114 (+44,509%), from €108 to €48,222
- Tax, wage and social debts +€7,631
up €7,631 (+71.9%), from €10,619 to €18,250
of which Taxes: +€10,108
- Gross operating margin +€4,969
up €4,969 (+7.4%), from €67,375 to €72,344
- Taxes +€977
up €977 (+6.5%), from €15,027 to €16,005
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 | €163,383 | €219,508 | +€56,125 | +34.4% |
| Current assets | 29/58 | €163,383 | €219,508 | +€56,125 | +34.4% |
| Amounts receivable within one year | 40/41 | €47,816 | €43,386 | -€4,430 | -9.3% |
| Trade receivables | 40 | €19,583 | €21,886 | +€2,303 | +11.8% |
| Other amounts receivable | 41 | €28,233 | €21,500 | -€6,733 | -23.8% |
| Cash at bank and in hand | 54/58 | €114,413 | €175,015 | +€60,602 | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,154 | €1,107 | -€47 | -4.1% |
| Total equity and liabilities | 10/49 | €163,383 | €219,508 | +€56,125 | +34.4% |
| Equity | 10/15 | €150,713 | €150,728 | +€16 | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €96,745 | €96,745 | = | 0.0% |
| Distributable reserves | 133 | €96,745 | €96,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,967 | €52,983 | +€16 | 0.0% |
| Amounts payable | 17/49 | €12,670 | €68,780 | +€56,110 | +443% |
| Amounts payable within one year | 42/48 | €12,670 | €68,510 | +€55,840 | +441% |
| Trade debts | 44 | €1,943 | €2,038 | +€95 | +4.9% |
| Suppliers | 440/4 | €1,943 | €2,038 | +€95 | +4.9% |
| Taxes, remuneration and social security | 45 | €10,619 | €18,250 | +€7,631 | +71.9% |
| Taxes | 450/3 | €8,142 | €18,250 | +€10,108 | +124% |
| Remuneration and social security | 454/9 | €2,477 | - | -€2,477 | |
| Other amounts payable | 47/48 | €108 | €48,222 | +€48,114 | +44,509% |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Other operating charges | 640/8 | €177 | €302 | +€125 | +70.8% |
| Gross operating margin | 9900 | €67,375 | €72,344 | +€4,969 | +7.4% |
| Operating profit (loss) | 9901 | €67,198 | €72,042 | +€4,844 | +7.2% |
| Financial income | 75/76B | €868 | €446 | -€422 | -48.6% |
| Recurring financial income | 75 | €868 | €446 | -€422 | -48.6% |
| Financial charges | 65/66B | €72 | €168 | +€96 | +134% |
| Recurring financial charges | 65 | €72 | €168 | +€96 | +134% |
| Profit (loss) for the period before taxes | 9903 | €67,995 | €72,320 | +€4,326 | +6.4% |
| Income taxes | 67/77 | €15,027 | €16,005 | +€977 | +6.5% |
| Profit (loss) for the period | 9904 | €52,967 | €56,316 | +€3,349 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,967 | €56,316 | +€3,349 | +6.3% |
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 24 October 2026 via checked.be.