BY MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€32,201
up €32,201 (+224%), from €14,406 to €46,607
mainly Other debts (+€43,184) and Net result for the year (+€40,799)
- Tangible fixed assets -€3,480
down €3,480 (-36.4%), from €9,568 to €6,088
of which Furniture and vehicles: -€2,790
- Deferred charges and accrued income +€1,789
new in 2025: €1,789
- Receivables within one year +€802
up €802 (+4.5%), from €17,944 to €18,747
of which Other amounts receivable: +€897
- Other debts +€43,184
up €43,184 (+326%), from €13,227 to €56,410
- Profit (loss) carried forward -€22,701
down €22,701 (-99.9%), from €22,729 to €29
- Trade debts +€6,826
up €6,826 (+1,387%), from €492 to €7,318
- Tax, wage and social debts +€4,122
up €4,122 (+180%), from €2,292 to €6,415
- Gross operating margin +€56,928
up €56,928 (+1,189%), from €4,790 to €61,718
- Taxes +€15,104
up €15,104 (+2,397%), from €630 to €15,735
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 | €41,918 | €73,230 | +€31,312 | +74.7% |
| Fixed assets | 21/28 | €9,568 | €6,088 | -€3,480 | -36.4% |
| Tangible fixed assets | 22/27 | €9,568 | €6,088 | -€3,480 | -36.4% |
| Furniture and vehicles | 24 | €7,288 | €4,499 | -€2,790 | -38.3% |
| Other tangible fixed assets | 26 | €2,279 | €1,589 | -€690 | -30.3% |
| Current assets | 29/58 | €32,350 | €67,143 | +€34,792 | +108% |
| Amounts receivable within one year | 40/41 | €17,944 | €18,747 | +€802 | +4.5% |
| Trade receivables | 40 | €17,519 | €17,424 | -€95 | -0.5% |
| Other amounts receivable | 41 | €425 | €1,323 | +€897 | +211% |
| Cash at bank and in hand | 54/58 | €14,406 | €46,607 | +€32,201 | +224% |
| Deferred charges and accrued income | 490/1 | - | €1,789 | +€1,789 | |
| Total equity and liabilities | 10/49 | €41,918 | €73,230 | +€31,312 | +74.7% |
| Equity | 10/15 | €25,729 | €3,029 | -€22,701 | -88.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,729 | €29 | -€22,701 | -99.9% |
| Amounts payable | 17/49 | €16,189 | €70,202 | +€54,013 | +334% |
| Amounts payable within one year | 42/48 | €16,011 | €70,143 | +€54,132 | +338% |
| Trade debts | 44 | €492 | €7,318 | +€6,826 | +1,387% |
| Suppliers | 440/4 | €492 | €7,318 | +€6,826 | +1,387% |
| Taxes, remuneration and social security | 45 | €2,292 | €6,415 | +€4,122 | +180% |
| Taxes | 450/3 | €2,292 | €6,415 | +€4,122 | +180% |
| Other amounts payable | 47/48 | €13,227 | €56,410 | +€43,184 | +326% |
| Accrued charges and deferred income | 492/3 | €178 | €59 | -€119 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,501 | €4,596 | +€95 | +2.1% |
| Other operating charges | 640/8 | €1,032 | €754 | -€278 | -27.0% |
| Gross operating margin | 9900 | €4,790 | €61,718 | +€56,928 | +1,189% |
| Operating profit (loss) | 9901 | -€743 | €56,369 | +€57,112 | |
| Financial income | 75/76B | €166 | €329 | +€163 | +98.0% |
| Recurring financial income | 75 | €166 | €329 | +€163 | +98.0% |
| Financial charges | 65/66B | €143 | €164 | +€21 | +14.8% |
| Recurring financial charges | 65 | €143 | €164 | +€21 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€720 | €56,534 | +€57,254 | |
| Income taxes | 67/77 | €630 | €15,735 | +€15,104 | +2,397% |
| Profit (loss) for the period | 9904 | -€1,350 | €40,799 | +€42,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,350 | €40,799 | +€42,149 |
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 14 October 2026 via checked.be.