BY PROJECT: what changed
Two fiscal 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 PROJECT
Largest movements
- Cash +€11,099
up €11,099 (+17.2%), from €64,443 to €75,542
mainly Net result for the year (+€47,720) and Other debts (+€17,720)
- Receivables within one year +€2,088
up €2,088 (+12.4%), from €16,813 to €18,901
of which Other amounts receivable: +€1,217
- Tangible fixed assets +€1,517
up €1,517 (+12.4%), from €12,233 to €13,750
of which Furniture and vehicles: +€3,278
- Other debts +€17,720
up €17,720 (+59.1%), from €30,000 to €47,720
- Trade debts -€3,032
down €3,032 (-52.8%), from €5,740 to €2,708
- Gross operating margin +€15,300
up €15,300 (+28.5%), from €53,759 to €69,059
- Depreciation +€1,155
up €1,155 (+34.3%), from €3,370 to €4,525
- Financial charges -€776
down €776 (-30.1%), from €2,581 to €1,805
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.
Cash bridge derived
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 | €96,288 | €110,701 | +€14,414 | +15.0% |
| Fixed assets | 21/28 | €12,483 | €14,000 | +€1,517 | +12.2% |
| Tangible fixed assets | 22/27 | €12,233 | €13,750 | +€1,517 | +12.4% |
| Land and buildings | 22 | €7,376 | €6,129 | -€1,247 | -16.9% |
| Plant, machinery and equipment | 23 | €1,198 | €684 | -€514 | -42.9% |
| Furniture and vehicles | 24 | €3,659 | €6,937 | +€3,278 | +89.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €83,805 | €96,701 | +€12,896 | +15.4% |
| Amounts receivable within one year | 40/41 | €16,813 | €18,901 | +€2,088 | +12.4% |
| Trade receivables | 40 | €16,553 | €17,424 | +€871 | +5.3% |
| Other amounts receivable | 41 | €260 | €1,477 | +€1,217 | +467.7% |
| Cash at bank and in hand | 54/58 | €64,443 | €75,542 | +€11,099 | +17.2% |
| Deferred charges and accrued income | 490/1 | €2,549 | €2,258 | -€290 | -11.4% |
| Total equity and liabilities | 10/49 | €96,288 | €110,701 | +€14,414 | +15.0% |
| Equity | 10/15 | €51,549 | €51,549 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,549 | €49,549 | = | 0.0% |
| Distributable reserves | 133 | €49,549 | €49,549 | = | 0.0% |
| Amounts payable | 17/49 | €44,739 | €59,153 | +€14,414 | +32.2% |
| Amounts payable within one year | 42/48 | €44,739 | €59,153 | +€14,414 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €2,546 | €3,375 | +€829 | +32.6% |
| Trade debts | 44 | €5,740 | €2,708 | -€3,032 | -52.8% |
| Suppliers | 440/4 | €5,740 | €2,708 | -€3,032 | -52.8% |
| Taxes, remuneration and social security | 45 | €6,453 | €5,349 | -€1,104 | -17.1% |
| Taxes | 450/3 | €6,453 | €5,349 | -€1,104 | -17.1% |
| Other amounts payable | 47/48 | €30,000 | €47,720 | +€17,720 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,370 | €4,525 | +€1,155 | +34.3% |
| Other operating charges | 640/8 | €908 | €1,216 | +€308 | +34.0% |
| Gross operating margin | 9900 | €53,759 | €69,059 | +€15,300 | +28.5% |
| Operating profit (loss) | 9901 | €49,481 | €63,317 | +€13,836 | +28.0% |
| Financial income | 75/76B | €4 | €1 | -€3 | -75.4% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -75.4% |
| Financial charges | 65/66B | €2,581 | €1,805 | -€776 | -30.1% |
| Recurring financial charges | 65 | €2,581 | €1,805 | -€776 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €46,904 | €61,513 | +€14,609 | +31.1% |
| Income taxes | 67/77 | €13,307 | €13,793 | +€485 | +3.6% |
| Profit (loss) for the period | 9904 | €33,596 | €47,720 | +€14,124 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,596 | €47,720 | +€14,124 | +42.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.