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
- Cash +€9,656
up €9,656 (+49.2%), from €19,634 to €29,291
mainly Net result for the year (+€10,029) and Tax, wage and social debts (+€1,609)
- Tangible fixed assets +€2,190
new in 2025: €2,190
- Receivables within one year +€623
up €623 (+4.3%), from €14,520 to €15,143
of which Trade receivables: +€380
- Reserves +€10,029
up €10,029 (+76.3%), from €13,141 to €23,170
- Tax, wage and social debts +€1,609
up €1,609 (+10.1%), from €15,969 to €17,578
- Other debts +€580
up €580 (+118.3%), from €490 to €1,069
- Other operating charges +€908
up €908 (+570.6%), from €159 to €1,068
- Gross operating margin -€801
down €801 (-4.4%), from €18,218 to €17,417
- Taxes +€709
up €709 (+17.1%), from €4,156 to €4,865
- Depreciation +€537
up €537 (+76.7%), from €700 to €1,238
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 | €35,445 | €47,805 | +€12,361 | +34.9% |
| Formation expenses | 20 | €323 | €0 | -€323 | -100.0% |
| Fixed assets | 21/28 | - | €2,190 | +€2,190 | |
| Tangible fixed assets | 22/27 | - | €2,190 | +€2,190 | |
| Furniture and vehicles | 24 | - | €2,190 | +€2,190 | |
| Current assets | 29/58 | €35,121 | €45,615 | +€10,494 | +29.9% |
| Amounts receivable within one year | 40/41 | €14,520 | €15,143 | +€623 | +4.3% |
| Trade receivables | 40 | €14,520 | €14,900 | +€380 | +2.6% |
| Other amounts receivable | 41 | - | €243 | +€243 | |
| Cash at bank and in hand | 54/58 | €19,634 | €29,291 | +€9,656 | +49.2% |
| Deferred charges and accrued income | 490/1 | €967 | €1,182 | +€215 | +22.2% |
| Total equity and liabilities | 10/49 | €35,445 | €47,805 | +€12,361 | +34.9% |
| Equity | 10/15 | €18,141 | €28,170 | +€10,029 | +55.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,141 | €23,170 | +€10,029 | +76.3% |
| Distributable reserves | 133 | €13,141 | €23,170 | +€10,029 | +76.3% |
| Amounts payable | 17/49 | €17,303 | €19,635 | +€2,331 | +13.5% |
| Amounts payable within one year | 42/48 | €17,303 | €19,635 | +€2,331 | +13.5% |
| Trade debts | 44 | €844 | €987 | +€143 | +16.9% |
| Suppliers | 440/4 | €844 | €987 | +€143 | +16.9% |
| Taxes, remuneration and social security | 45 | €15,969 | €17,578 | +€1,609 | +10.1% |
| Taxes | 450/3 | €15,969 | €17,578 | +€1,609 | +10.1% |
| Other amounts payable | 47/48 | €490 | €1,069 | +€580 | +118.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €1,238 | +€537 | +76.7% |
| Other operating charges | 640/8 | €159 | €1,068 | +€908 | +570.6% |
| Gross operating margin | 9900 | €18,218 | €17,417 | -€801 | -4.4% |
| Operating profit (loss) | 9901 | €17,359 | €15,112 | -€2,247 | -12.9% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €61 | €221 | +€160 | +261.5% |
| Recurring financial charges | 65 | €61 | €221 | +€160 | +261.5% |
| Profit (loss) for the period before taxes | 9903 | €17,297 | €14,895 | -€2,403 | -13.9% |
| Income taxes | 67/77 | €4,156 | €4,865 | +€709 | +17.1% |
| Profit (loss) for the period | 9904 | €13,141 | €10,029 | -€3,112 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,141 | €10,029 | -€3,112 | -23.7% |
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 3 October 2026 via checked.be.