C & R: 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.
C & R
Largest movements
- Cash +€21,978
up €21,978 (+368.8%), from €5,959 to €27,937
mainly Depreciation (+€34,147) and Net result for the year (+€8,566)
- Tangible fixed assets -€7,606
down €7,606 (-9.1%), from €83,335 to €75,729
of which Plant, machinery and equipment: -€4,589
- Receivables within one year -€7,508
down €7,508 (-19.8%), from €37,899 to €30,392
of which Trade receivables: -€10,573
- Reserves +€8,566
up €8,566 (+29.5%), from €29,071 to €37,637
of which Distributable reserves: +€8,566
- Debts after one year -€3,967
down €3,967 (-30.2%), from €13,123 to €9,155
- Trade debts +€3,368
up €3,368 (+49.4%), from €6,814 to €10,182
- Gross operating margin +€12,013
up €12,013 (+29.5%), from €40,692 to €52,705
- Taxes +€1,935
up €1,935 (+181.8%), from €1,064 to €3,000
- Depreciation +€1,922
up €1,922 (+6.0%), from €32,226 to €34,147
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 | €134,301 | €141,196 | +€6,895 | +5.1% |
| Fixed assets | 21/28 | €83,583 | €75,977 | -€7,606 | -9.1% |
| Tangible fixed assets | 22/27 | €83,335 | €75,729 | -€7,606 | -9.1% |
| Plant, machinery and equipment | 23 | €78,903 | €74,314 | -€4,589 | -5.8% |
| Furniture and vehicles | 24 | €3,885 | €1,414 | -€2,471 | -63.6% |
| Other tangible fixed assets | 26 | €547 | €0 | -€547 | -100.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €50,718 | €65,219 | +€14,501 | +28.6% |
| Amounts receivable within one year | 40/41 | €37,899 | €30,392 | -€7,508 | -19.8% |
| Trade receivables | 40 | €37,899 | €27,326 | -€10,573 | -27.9% |
| Other amounts receivable | 41 | €0 | €3,066 | +€3,066 | |
| Cash at bank and in hand | 54/58 | €5,959 | €27,937 | +€21,978 | +368.8% |
| Deferred charges and accrued income | 490/1 | €6,860 | €6,891 | +€30 | +0.4% |
| Total equity and liabilities | 10/49 | €134,301 | €141,196 | +€6,895 | +5.1% |
| Equity | 10/15 | €55,581 | €64,147 | +€8,566 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,071 | €37,637 | +€8,566 | +29.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,211 | €35,777 | +€8,566 | +31.5% |
| Profit (loss) carried forward | 14 | €20,310 | €20,310 | = | 0.0% |
| Amounts payable | 17/49 | €78,721 | €77,049 | -€1,671 | -2.1% |
| Amounts payable after more than one year | 17 | €13,123 | €9,155 | -€3,967 | -30.2% |
| Financial debts | 170/4 | €13,123 | €9,155 | -€3,967 | -30.2% |
| Amounts payable within one year | 42/48 | €65,598 | €67,894 | +€2,296 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €3,813 | €3,967 | +€154 | +4.0% |
| Trade debts | 44 | €6,814 | €10,182 | +€3,368 | +49.4% |
| Suppliers | 440/4 | €6,814 | €10,182 | +€3,368 | +49.4% |
| Taxes, remuneration and social security | 45 | €1,376 | €150 | -€1,226 | -89.1% |
| Taxes | 450/3 | €1,376 | €150 | -€1,226 | -89.1% |
| Other amounts payable | 47/48 | €53,595 | €53,595 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,226 | €34,147 | +€1,922 | +6.0% |
| Other operating charges | 640/8 | €2,831 | €2,848 | +€17 | +0.6% |
| Non-recurring operating charges | 66A | - | €3,394 | +€3,394 | |
| Gross operating margin | 9900 | €40,692 | €52,705 | +€12,013 | +29.5% |
| Operating profit (loss) | 9901 | €5,635 | €12,316 | +€6,681 | +118.6% |
| Financial income | 75/76B | €77 | €15 | -€63 | -80.9% |
| Recurring financial income | 75 | €77 | €15 | -€63 | -80.9% |
| Financial charges | 65/66B | €724 | €765 | +€40 | +5.6% |
| Recurring financial charges | 65 | €724 | €765 | +€40 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €4,988 | €11,566 | +€6,578 | +131.9% |
| Income taxes | 67/77 | €1,064 | €3,000 | +€1,935 | +181.8% |
| Profit (loss) for the period | 9904 | €3,923 | €8,566 | +€4,643 | +118.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,923 | €8,566 | +€4,643 | +118.3% |
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 9 October 2026 via checked.be.