CASE PHONE: 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 PHONE
Largest movements
- Current investments +€42,700
new in 2025: €42,700
- Receivables within one year +€29,807
up €29,807 (+49.7%), from €60,030 to €89,836
of which Trade receivables: +€31,199
- Cash -€23,055
down €23,055 (-36.3%), from €63,487 to €40,432
mainly Current investments (-€42,700) and Receivables within one year (-€29,807)
- Stocks and contracts -€14,400
down €14,400 (-50.5%), from €28,500 to €14,100
- Tangible fixed assets -€6,726
down €6,726 (-41.0%), from €16,425 to €9,699
of which Furniture and vehicles: -€5,059
- Reserves +€20,000
up €20,000 (+40,000%), from €50 to €20,050
- Trade debts +€16,999
up €16,999 (+64.6%), from €26,330 to €43,328
- Other debts -€8,303
down €8,303 (-56.2%), from €14,779 to €6,476
- Debts after one year -€5,158
down €5,158 (-50.8%), from €10,151 to €4,993
- Gross operating margin -€7,094
down €7,094 (-8.0%), from €88,315 to €81,220
- Staff costs -€4,673
down €4,673 (-10.5%), from €44,661 to €39,988
- Depreciation -€2,796
down €2,796 (-55.3%), from €5,060 to €2,264
- Financial charges -€1,689
down €1,689 (-46.9%), from €3,602 to €1,913
- Taxes -€1,187
down €1,187 (-11.5%), from €10,296 to €9,109
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 | €176,283 | €200,017 | +€23,734 | +13.5% |
| Fixed assets | 21/28 | €20,067 | €11,812 | -€8,255 | -41.1% |
| Tangible fixed assets | 22/27 | €16,425 | €9,699 | -€6,726 | -41.0% |
| Furniture and vehicles | 24 | €6,012 | €953 | -€5,059 | -84.2% |
| Other tangible fixed assets | 26 | €10,413 | €8,746 | -€1,667 | -16.0% |
| Financial fixed assets | 28 | €3,642 | €2,113 | -€1,529 | -42.0% |
| Current assets | 29/58 | €156,216 | €188,205 | +€31,989 | +20.5% |
| Stocks and contracts in progress | 3 | €28,500 | €14,100 | -€14,400 | -50.5% |
| Stocks | 30/36 | €28,500 | €14,100 | -€14,400 | -50.5% |
| Amounts receivable within one year | 40/41 | €60,030 | €89,836 | +€29,807 | +49.7% |
| Trade receivables | 40 | €57,747 | €88,945 | +€31,199 | +54.0% |
| Other amounts receivable | 41 | €2,283 | €891 | -€1,392 | -61.0% |
| Current investments | 50/53 | - | €42,700 | +€42,700 | |
| Cash at bank and in hand | 54/58 | €63,487 | €40,432 | -€23,055 | -36.3% |
| Deferred charges and accrued income | 490/1 | €4,199 | €1,136 | -€3,063 | -72.9% |
| Total equity and liabilities | 10/49 | €176,283 | €200,017 | +€23,734 | +13.5% |
| Equity | 10/15 | €94,624 | €114,846 | +€20,223 | +21.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €50 | €20,050 | +€20,000 | +40,000% |
| Distributable reserves | 133 | €50 | €20,050 | +€20,000 | +40,000% |
| Profit (loss) carried forward | 14 | €94,074 | €94,296 | +€223 | +0.2% |
| Amounts payable | 17/49 | €81,660 | €85,170 | +€3,511 | +4.3% |
| Amounts payable after more than one year | 17 | €10,151 | €4,993 | -€5,158 | -50.8% |
| Financial debts | 170/4 | €10,151 | €4,993 | -€5,158 | -50.8% |
| Amounts payable within one year | 42/48 | €71,508 | €80,177 | +€8,669 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €8,269 | €8,532 | +€264 | +3.2% |
| Trade debts | 44 | €26,330 | €43,328 | +€16,999 | +64.6% |
| Suppliers | 440/4 | €26,330 | €43,328 | +€16,999 | +64.6% |
| Taxes, remuneration and social security | 45 | €22,131 | €21,841 | -€290 | -1.3% |
| Taxes | 450/3 | €14,907 | €14,406 | -€501 | -3.4% |
| Remuneration and social security | 454/9 | €7,224 | €7,434 | +€210 | +2.9% |
| Other amounts payable | 47/48 | €14,779 | €6,476 | -€8,303 | -56.2% |
| Remuneration, social security and pensions | 62 | €44,661 | €39,988 | -€4,673 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,060 | €2,264 | -€2,796 | -55.3% |
| Other operating charges | 640/8 | €1,913 | €2,103 | +€190 | +9.9% |
| Non-recurring operating charges | 66A | - | €5,622 | +€5,622 | |
| Gross operating margin | 9900 | €88,315 | €81,220 | -€7,094 | -8.0% |
| Operating profit (loss) | 9901 | €36,681 | €31,244 | -€5,437 | -14.8% |
| Financial income | 75/76B | €548 | €1 | -€546 | -99.8% |
| Recurring financial income | 75 | €548 | €1 | -€546 | -99.8% |
| Financial charges | 65/66B | €3,602 | €1,913 | -€1,689 | -46.9% |
| Recurring financial charges | 65 | €3,602 | €1,913 | -€1,689 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €33,626 | €29,332 | -€4,294 | -12.8% |
| Income taxes | 67/77 | €10,296 | €9,109 | -€1,187 | -11.5% |
| Profit (loss) for the period | 9904 | €23,330 | €20,223 | -€3,107 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,330 | €20,223 | -€3,107 | -13.3% |
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 15 October 2026 via checked.be.