By Lieve: 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 Lieve
Largest movements
- Cash +€13,791
up €13,791 (+120%), from €11,474 to €25,265
mainly Net result for the year (+€36,476) and Debts after one year (+€6,448)
- Receivables within one year +€8,087
up €8,087 (+13.5%), from €59,711 to €67,798
of which Trade receivables: +€11,704
- Tangible fixed assets +€3,416
up €3,416 (+16.4%), from €20,799 to €24,216
of which Leasing and similar rights: +€10,132
- Profit (loss) carried forward +€26,476
up €26,476 (+181%), from €14,655 to €41,131
- Trade debts -€9,613
down €9,613 (-41.9%), from €22,940 to €13,328
- Debts after one year +€6,448
new in 2025: €6,448
- Other debts +€2,131
up €2,131 (+5.2%), from €41,051 to €43,182
- Current portion of long-term debt +€1,924
new in 2025: €1,924
- Gross operating margin +€39,756
up €39,756 (+266%), from €14,952 to €54,708
- Taxes +€5,997
up €5,997 (+295%), from €2,036 to €8,034
- Write-downs -€5,030
down €5,030 (-97.4%), from €5,165 to €135
- Depreciation +€2,528
up €2,528 (+80.8%), from €3,128 to €5,656
- Financial charges +€1,600
up €1,600 (+312%), from €512 to €2,112
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 | €91,984 | €117,290 | +€25,306 | +27.5% |
| Fixed assets | 21/28 | €20,799 | €24,216 | +€3,416 | +16.4% |
| Tangible fixed assets | 22/27 | €20,799 | €24,216 | +€3,416 | +16.4% |
| Plant, machinery and equipment | 23 | €2,141 | €3,309 | +€1,167 | +54.5% |
| Furniture and vehicles | 24 | - | €1,162 | +€1,162 | |
| Leasing and similar rights | 25 | - | €10,132 | +€10,132 | |
| Other tangible fixed assets | 26 | €18,658 | €9,612 | -€9,046 | -48.5% |
| Current assets | 29/58 | €71,185 | €93,074 | +€21,890 | +30.8% |
| Amounts receivable within one year | 40/41 | €59,711 | €67,798 | +€8,087 | +13.5% |
| Trade receivables | 40 | €54,859 | €66,563 | +€11,704 | +21.3% |
| Other amounts receivable | 41 | €4,852 | €1,234 | -€3,617 | -74.6% |
| Cash at bank and in hand | 54/58 | €11,474 | €25,265 | +€13,791 | +120% |
| Deferred charges and accrued income | 490/1 | - | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €91,984 | €117,290 | +€25,306 | +27.5% |
| Equity | 10/15 | €17,155 | €43,631 | +€26,476 | +154% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,655 | €41,131 | +€26,476 | +181% |
| Amounts payable | 17/49 | €74,830 | €73,659 | -€1,170 | -1.6% |
| Amounts payable after more than one year | 17 | - | €6,448 | +€6,448 | |
| Financial debts | 170/4 | - | €6,448 | +€6,448 | |
| Amounts payable within one year | 42/48 | €74,342 | €67,211 | -€7,131 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,924 | +€1,924 | |
| Trade debts | 44 | €22,940 | €13,328 | -€9,613 | -41.9% |
| Suppliers | 440/4 | €22,940 | €13,328 | -€9,613 | -41.9% |
| Advances received on contracts in progress | 46 | - | €20 | +€20 | |
| Taxes, remuneration and social security | 45 | €10,351 | €8,757 | -€1,594 | -15.4% |
| Taxes | 450/3 | €10,351 | €8,757 | -€1,594 | -15.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €41,051 | €43,182 | +€2,131 | +5.2% |
| Accrued charges and deferred income | 492/3 | €487 | €0 | -€487 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,128 | €5,656 | +€2,528 | +80.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,165 | €135 | -€5,030 | -97.4% |
| Other operating charges | 640/8 | €3,015 | €1,792 | -€1,224 | -40.6% |
| Non-recurring operating charges | 66A | - | €504 | +€504 | |
| Gross operating margin | 9900 | €14,952 | €54,708 | +€39,756 | +266% |
| Operating profit (loss) | 9901 | €3,644 | €46,622 | +€42,978 | +1,179% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €512 | €2,112 | +€1,600 | +312% |
| Recurring financial charges | 65 | €512 | €2,112 | +€1,600 | +312% |
| Profit (loss) for the period before taxes | 9903 | €3,132 | €44,510 | +€41,378 | +1,321% |
| Income taxes | 67/77 | €2,036 | €8,034 | +€5,997 | +295% |
| Profit (loss) for the period | 9904 | €1,096 | €36,476 | +€35,380 | +3,229% |
| Profit (loss) for the period to be appropriated | 9905 | €1,096 | €36,476 | +€35,380 | +3,229% |
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 27 October 2026 via checked.be.