CARACTERE D: 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.
CARACTERE D
Largest movements
- Tangible fixed assets +€114,307
new in 2025: €114,307
of which Furniture and vehicles: +€66,845
- Receivables within one year +€113,927
up €113,927 (+2,409%), from €4,729 to €118,656
of which Trade receivables: +€71,913
- Cash +€5,198
up €5,198 (+373%), from €1,393 to €6,591
mainly Trade debts (+€154,429) and Other debts (+€68,944)
- Stocks and contracts +€4,750
new in 2025: €4,750
- Trade debts +€154,429
up €154,429 (+2,252%), from €6,856 to €161,286
- Other debts +€68,944
up €68,944 (+137%), from €50,193 to €119,137
- Profit (loss) carried forward +€11,913
up €11,913 (+17.0%), from -€70,174 to -€58,261
- Tax, wage and social debts +€5,299
up €5,299 (+4,071%), from €130 to €5,429
of which Remuneration and social security: +€5,299
- Gross operating margin +€40,858
up €40,858 (+324%), from €12,610 to €53,468
- Staff costs +€32,131
new in 2025: €32,131
- Depreciation +€6,534
new in 2025: €6,534
- Financial charges -€574
down €574 (-41.5%), from €1,383 to €809
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 | €6,122 | €246,708 | +€240,586 | +3,930% |
| Fixed assets | 21/28 | - | €116,507 | +€116,507 | |
| Tangible fixed assets | 22/27 | - | €114,307 | +€114,307 | |
| Plant, machinery and equipment | 23 | - | €6,282 | +€6,282 | |
| Furniture and vehicles | 24 | - | €66,845 | +€66,845 | |
| Other tangible fixed assets | 26 | - | €41,179 | +€41,179 | |
| Financial fixed assets | 28 | - | €2,200 | +€2,200 | |
| Current assets | 29/58 | €6,122 | €130,201 | +€124,079 | +2,027% |
| Stocks and contracts in progress | 3 | - | €4,750 | +€4,750 | |
| Stocks | 30/36 | - | €4,750 | +€4,750 | |
| Amounts receivable within one year | 40/41 | €4,729 | €118,656 | +€113,927 | +2,409% |
| Trade receivables | 40 | €4,567 | €76,480 | +€71,913 | +1,575% |
| Other amounts receivable | 41 | €162 | €42,176 | +€42,014 | +25,920% |
| Cash at bank and in hand | 54/58 | €1,393 | €6,591 | +€5,198 | +373% |
| Deferred charges and accrued income | 490/1 | - | €204 | +€204 | |
| Total equity and liabilities | 10/49 | €6,122 | €246,708 | +€240,586 | +3,930% |
| Equity | 10/15 | -€51,057 | -€39,144 | +€11,913 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €517 | €517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €517 | €517 | = | 0.0% |
| Reserves not available under the articles | 1311 | €517 | €517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,174 | -€58,261 | +€11,913 | +17.0% |
| Amounts payable | 17/49 | €57,179 | €285,852 | +€228,673 | +400% |
| Amounts payable within one year | 42/48 | €57,179 | €285,852 | +€228,673 | +400% |
| Trade debts | 44 | €6,856 | €161,286 | +€154,429 | +2,252% |
| Suppliers | 440/4 | €6,856 | €161,286 | +€154,429 | +2,252% |
| Taxes, remuneration and social security | 45 | €130 | €5,429 | +€5,299 | +4,071% |
| Taxes | 450/3 | €130 | €130 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €5,299 | +€5,299 | |
| Other amounts payable | 47/48 | €50,193 | €119,137 | +€68,944 | +137% |
| Remuneration, social security and pensions | 62 | - | €32,131 | +€32,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,534 | +€6,534 | |
| Other operating charges | 640/8 | €1,866 | €2,081 | +€215 | +11.5% |
| Non-recurring operating charges | 66A | €1,268 | - | -€1,268 | |
| Gross operating margin | 9900 | €12,610 | €53,468 | +€40,858 | +324% |
| Operating profit (loss) | 9901 | €9,476 | €12,722 | +€3,246 | +34.3% |
| Financial charges | 65/66B | €1,383 | €809 | -€574 | -41.5% |
| Recurring financial charges | 65 | €1,383 | €809 | -€574 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €8,094 | €11,913 | +€3,820 | +47.2% |
| Profit (loss) for the period | 9904 | €8,094 | €11,913 | +€3,820 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,094 | €11,913 | +€3,820 | +47.2% |
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 17 October 2026 via checked.be.