By Nature: 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 Nature
Largest movements
- Receivables within one year +€18,318
up €18,318 (+71.7%), from €25,533 to €43,851
- Tangible fixed assets +€11,746
up €11,746 (+104%), from €11,293 to €23,039
of which Furniture and vehicles: +€11,908
- Cash +€3,491
up €3,491 (+15.7%), from €22,210 to €25,701
mainly Trade debts (+€24,456) and Other debts (+€8,761)
- Stocks and contracts +€3,373
up €3,373 (+5.8%), from €58,232 to €61,605
- Trade debts +€24,456
up €24,456 (+1,326%), from €1,845 to €26,300
- Other debts +€8,761
up €8,761 (+707%), from €1,239 to €10,000
- Tax, wage and social debts +€5,492
up €5,492 (+24.2%), from €22,712 to €28,204
of which Remuneration and social security: +€5,074
- Profit (loss) carried forward -€1,781
down €1,781 (-3.4%), from €52,573 to €50,792
- Staff costs +€32,213
up €32,213 (+48.1%), from €66,924 to €99,137
- Gross operating margin -€16,210
down €16,210 (-13.5%), from €119,972 to €103,761
- Taxes -€12,920
down €12,920 (-93.5%), from €13,814 to €894
- Depreciation -€5,987
down €5,987 (-58.9%), from €10,162 to €4,176
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 | €117,268 | €154,196 | +€36,928 | +31.5% |
| Fixed assets | 21/28 | €11,293 | €23,039 | +€11,746 | +104% |
| Tangible fixed assets | 22/27 | €11,293 | €23,039 | +€11,746 | +104% |
| Plant, machinery and equipment | 23 | €460 | €298 | -€162 | -35.3% |
| Furniture and vehicles | 24 | €10,833 | €22,741 | +€11,908 | +110% |
| Current assets | 29/58 | €105,975 | €131,157 | +€25,182 | +23.8% |
| Stocks and contracts in progress | 3 | €58,232 | €61,605 | +€3,373 | +5.8% |
| Stocks | 30/36 | €58,232 | €61,605 | +€3,373 | +5.8% |
| Amounts receivable within one year | 40/41 | €25,533 | €43,851 | +€18,318 | +71.7% |
| Trade receivables | 40 | €25,533 | €43,851 | +€18,318 | +71.7% |
| Cash at bank and in hand | 54/58 | €22,210 | €25,701 | +€3,491 | +15.7% |
| Total equity and liabilities | 10/49 | €117,268 | €154,196 | +€36,928 | +31.5% |
| Equity | 10/15 | €91,473 | €89,692 | -€1,781 | -1.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €19,900 | €19,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €4,900 | €4,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,573 | €50,792 | -€1,781 | -3.4% |
| Amounts payable | 17/49 | €25,795 | €64,504 | +€38,709 | +150% |
| Amounts payable within one year | 42/48 | €25,795 | €64,504 | +€38,709 | +150% |
| Trade debts | 44 | €1,845 | €26,300 | +€24,456 | +1,326% |
| Suppliers | 440/4 | €1,845 | €26,300 | +€24,456 | +1,326% |
| Taxes, remuneration and social security | 45 | €22,712 | €28,204 | +€5,492 | +24.2% |
| Taxes | 450/3 | €15,417 | €15,835 | +€418 | +2.7% |
| Remuneration and social security | 454/9 | €7,295 | €12,368 | +€5,074 | +69.6% |
| Other amounts payable | 47/48 | €1,239 | €10,000 | +€8,761 | +707% |
| Remuneration, social security and pensions | 62 | €66,924 | €99,137 | +€32,213 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,162 | €4,176 | -€5,987 | -58.9% |
| Other operating charges | 640/8 | €537 | €331 | -€207 | -38.4% |
| Gross operating margin | 9900 | €119,972 | €103,761 | -€16,210 | -13.5% |
| Operating profit (loss) | 9901 | €42,348 | €118 | -€42,230 | -99.7% |
| Financial income | 75/76B | - | €747 | +€747 | |
| Recurring financial income | 75 | - | €747 | +€747 | |
| Financial charges | 65/66B | €1,534 | €1,752 | +€218 | +14.2% |
| Recurring financial charges | 65 | €1,534 | €1,752 | +€218 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €40,814 | -€887 | -€41,701 | |
| Income taxes | 67/77 | €13,814 | €894 | -€12,920 | -93.5% |
| Profit (loss) for the period | 9904 | €27,000 | -€1,781 | -€28,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,000 | -€1,781 | -€28,781 |
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 30 October 2026 via checked.be.