Cast: what changed
Two fiscal 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.
Cast
Largest movements
- Tangible fixed assets +€63,605
new in 2025: €63,605
of which Other tangible fixed assets: +€56,749
- Current investments +€43,902
new in 2025: €43,902
- Cash +€11,719
up €11,719 (+10.4%), from €112,375 to €124,094
mainly Net result for the year (+€66,140) and Debts after one year (+€54,669)
- Receivables within one year +€7,322
up €7,322 (+15.2%), from €48,037 to €55,360
of which Trade receivables: +€12,282
- Profit (loss) carried forward +€66,140
up €66,140 (+48.5%), from €136,303 to €202,444
- Debts after one year +€54,669
new in 2025: €54,669
- Current portion of long-term debt +€9,182
new in 2025: €9,182
- Other debts -€4,493
down €4,493 (-93.1%), from €4,825 to €332
- Tax, wage and social debts +€4,156
up €4,156 (+21.1%), from €19,690 to €23,845
- Gross operating margin +€14,538
up €14,538 (+17.2%), from €84,683 to €99,221
- Depreciation +€4,854
new in 2025: €4,854
- Financial charges +€3,959
up €3,959 (+63.1%), from €6,271 to €10,230
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 | €169,119 | €297,730 | +€128,612 | +76.0% |
| Fixed assets | 21/28 | - | €63,605 | +€63,605 | |
| Tangible fixed assets | 22/27 | - | €63,605 | +€63,605 | |
| Furniture and vehicles | 24 | - | €6,856 | +€6,856 | |
| Other tangible fixed assets | 26 | - | €56,749 | +€56,749 | |
| Current assets | 29/58 | €169,119 | €234,125 | +€65,007 | +38.4% |
| Amounts receivable within one year | 40/41 | €48,037 | €55,360 | +€7,322 | +15.2% |
| Trade receivables | 40 | €36,905 | €49,187 | +€12,282 | +33.3% |
| Other amounts receivable | 41 | €11,132 | €6,173 | -€4,959 | -44.5% |
| Current investments | 50/53 | - | €43,902 | +€43,902 | |
| Cash at bank and in hand | 54/58 | €112,375 | €124,094 | +€11,719 | +10.4% |
| Deferred charges and accrued income | 490/1 | €8,706 | €10,770 | +€2,064 | +23.7% |
| Total equity and liabilities | 10/49 | €169,119 | €297,730 | +€128,612 | +76.0% |
| Equity | 10/15 | €138,303 | €204,444 | +€66,140 | +47.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,303 | €202,444 | +€66,140 | +48.5% |
| Amounts payable | 17/49 | €30,815 | €93,287 | +€62,471 | +202.7% |
| Amounts payable after more than one year | 17 | - | €54,669 | +€54,669 | |
| Financial debts | 170/4 | - | €54,669 | +€54,669 | |
| Amounts payable within one year | 42/48 | €28,710 | €37,560 | +€8,850 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,182 | +€9,182 | |
| Trade debts | 44 | €4,195 | €4,200 | +€5 | +0.1% |
| Suppliers | 440/4 | €4,195 | €4,200 | +€5 | +0.1% |
| Taxes, remuneration and social security | 45 | €19,690 | €23,845 | +€4,156 | +21.1% |
| Taxes | 450/3 | €19,690 | €23,845 | +€4,156 | +21.1% |
| Other amounts payable | 47/48 | €4,825 | €332 | -€4,493 | -93.1% |
| Accrued charges and deferred income | 492/3 | €2,106 | €1,058 | -€1,048 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,854 | +€4,854 | |
| Other operating charges | 640/8 | €1,053 | €1,541 | +€489 | +46.4% |
| Gross operating margin | 9900 | €84,683 | €99,221 | +€14,538 | +17.2% |
| Operating profit (loss) | 9901 | €83,630 | €92,826 | +€9,196 | +11.0% |
| Financial income | 75/76B | - | €808 | +€808 | |
| Recurring financial income | 75 | - | €808 | +€808 | |
| Financial charges | 65/66B | €6,271 | €10,230 | +€3,959 | +63.1% |
| Recurring financial charges | 65 | €6,271 | €10,230 | +€3,959 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €77,359 | €83,403 | +€6,044 | +7.8% |
| Income taxes | 67/77 | €16,668 | €17,263 | +€595 | +3.6% |
| Profit (loss) for the period | 9904 | €60,691 | €66,140 | +€5,449 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,691 | €66,140 | +€5,449 | +9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.