CAROLINE SALMON: 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.
CAROLINE SALMON
Largest movements
- Cash +€33,602
up €33,602 (+196%), from €17,182 to €50,784
mainly Net result for the year (+€26,203) and Receivables within one year (+€15,189)
- Receivables within one year -€15,189
down €15,189 (-25.1%), from €60,554 to €45,365
of which Trade receivables: -€18,829
- Current investments +€1,500
new in 2025: €1,500
- Deferred charges and accrued income -€1,197
down €1,197 (-20.7%), from €5,782 to €4,585
- Profit (loss) carried forward +€26,203
up €26,203 (+64.7%), from €40,498 to €66,701
- Other debts -€12,600
no longer reported in 2025 (was €12,600)
- Tax, wage and social debts +€2,603
up €2,603 (+26.3%), from €9,898 to €12,501
- Trade debts +€1,793
up €1,793 (+8.2%), from €21,831 to €23,624
- Gross operating margin +€34,796
up €34,796 (+750%), from €4,641 to €39,437
- Taxes +€7,100
up €7,100 (+1,092%), from €650 to €7,750
- Other operating charges +€707
up €707 (+41.2%), from €1,714 to €2,421
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 | €85,827 | €103,826 | +€17,999 | +21.0% |
| Fixed assets | 21/28 | €2,309 | €1,592 | -€717 | -31.1% |
| Tangible fixed assets | 22/27 | €2,262 | €1,545 | -€717 | -31.7% |
| Furniture and vehicles | 24 | €2,262 | €1,545 | -€717 | -31.7% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €83,518 | €102,234 | +€18,716 | +22.4% |
| Amounts receivable within one year | 40/41 | €60,554 | €45,365 | -€15,189 | -25.1% |
| Trade receivables | 40 | €60,186 | €41,357 | -€18,829 | -31.3% |
| Other amounts receivable | 41 | €368 | €4,008 | +€3,640 | +989% |
| Current investments | 50/53 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €17,182 | €50,784 | +€33,602 | +196% |
| Deferred charges and accrued income | 490/1 | €5,782 | €4,585 | -€1,197 | -20.7% |
| Total equity and liabilities | 10/49 | €85,827 | €103,826 | +€17,999 | +21.0% |
| Equity | 10/15 | €41,498 | €67,701 | +€26,203 | +63.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,498 | €66,701 | +€26,203 | +64.7% |
| Amounts payable | 17/49 | €44,329 | €36,125 | -€8,204 | -18.5% |
| Amounts payable within one year | 42/48 | €44,329 | €36,125 | -€8,204 | -18.5% |
| Trade debts | 44 | €21,831 | €23,624 | +€1,793 | +8.2% |
| Suppliers | 440/4 | €21,831 | €23,624 | +€1,793 | +8.2% |
| Taxes, remuneration and social security | 45 | €9,898 | €12,501 | +€2,603 | +26.3% |
| Taxes | 450/3 | €9,898 | €12,501 | +€2,603 | +26.3% |
| Other amounts payable | 47/48 | €12,600 | - | -€12,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | €717 | -€108 | -13.1% |
| Other operating charges | 640/8 | €1,714 | €2,421 | +€707 | +41.2% |
| Gross operating margin | 9900 | €4,641 | €39,437 | +€34,796 | +750% |
| Operating profit (loss) | 9901 | €2,102 | €36,299 | +€34,197 | +1,627% |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €105 | +€105 | |
| Financial charges | 65/66B | €2,485 | €2,451 | -€34 | -1.4% |
| Recurring financial charges | 65 | €2,485 | €2,451 | -€34 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€383 | €33,953 | +€34,336 | |
| Income taxes | 67/77 | €650 | €7,750 | +€7,100 | +1,092% |
| Profit (loss) for the period | 9904 | -€1,033 | €26,203 | +€27,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,033 | €26,203 | +€27,236 |
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 26 October 2026 via checked.be.