CASE ONE: 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.
CASE ONE
Largest movements
- Receivables within one year +€63,903
up €63,903 (+330%), from €19,338 to €83,241
of which Other amounts receivable: +€37,000
- Cash -€16,773
down €16,773 (-11.2%), from €149,398 to €132,626
mainly Receivables within one year (-€63,903) and Trade debts (-€1,260)
- Tangible fixed assets -€7,377
down €7,377 (-23.8%), from €30,980 to €23,603
- Reserves +€22,000
up €22,000 (+13.1%), from €167,860 to €189,860
of which Distributable reserves: +€22,000
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Tax, wage and social debts +€5,852
up €5,852 (+13.3%), from €44,155 to €50,007
- Taxes +€6,049
up €6,049 (+64.1%), from €9,438 to €15,488
- Gross operating margin +€3,463
up €3,463 (+8.0%), from €43,030 to €46,493
- Depreciation +€1,471
up €1,471 (+24.9%), from €5,906 to €7,377
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 | €200,217 | €239,970 | +€39,753 | +19.9% |
| Fixed assets | 21/28 | €31,480 | €24,103 | -€7,377 | -23.4% |
| Tangible fixed assets | 22/27 | €30,980 | €23,603 | -€7,377 | -23.8% |
| Furniture and vehicles | 24 | €30,980 | €23,603 | -€7,377 | -23.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €168,737 | €215,867 | +€47,130 | +27.9% |
| Amounts receivable within one year | 40/41 | €19,338 | €83,241 | +€63,903 | +330% |
| Trade receivables | 40 | €19,338 | €46,241 | +€26,903 | +139% |
| Other amounts receivable | 41 | - | €37,000 | +€37,000 | |
| Cash at bank and in hand | 54/58 | €149,398 | €132,626 | -€16,773 | -11.2% |
| Total equity and liabilities | 10/49 | €200,217 | €239,970 | +€39,753 | +19.9% |
| Equity | 10/15 | €154,533 | €189,695 | +€35,162 | +22.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €167,860 | €189,860 | +€22,000 | +13.1% |
| 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 | €166,000 | €188,000 | +€22,000 | +13.3% |
| Profit (loss) carried forward | 14 | -€19,527 | -€18,765 | +€762 | +3.9% |
| Amounts payable | 17/49 | €45,684 | €50,275 | +€4,591 | +10.1% |
| Amounts payable within one year | 42/48 | €45,684 | €50,275 | +€4,591 | +10.1% |
| Trade debts | 44 | €1,529 | €269 | -€1,260 | -82.4% |
| Suppliers | 440/4 | €1,529 | €269 | -€1,260 | -82.4% |
| Taxes, remuneration and social security | 45 | €44,155 | €50,007 | +€5,852 | +13.3% |
| Taxes | 450/3 | €44,155 | €50,007 | +€5,852 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,906 | €7,377 | +€1,471 | +24.9% |
| Other operating charges | 640/8 | €974 | €823 | -€151 | -15.5% |
| Gross operating margin | 9900 | €43,030 | €46,493 | +€3,463 | +8.0% |
| Operating profit (loss) | 9901 | €36,151 | €38,293 | +€2,142 | +5.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €36,106 | €38,249 | +€2,144 | +5.9% |
| Income taxes | 67/77 | €9,438 | €15,488 | +€6,049 | +64.1% |
| Profit (loss) for the period | 9904 | €26,667 | €22,762 | -€3,906 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,667 | €22,762 | -€3,906 | -14.6% |
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 15 October 2026 via checked.be.