Casual Context: 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.
Casual Context
Largest movements
- Tangible fixed assets +€43,497
up €43,497 (+679%), from €6,405 to €49,902
- Receivables within one year +€30,579
up €30,579 (+36.4%), from €83,947 to €114,526
of which Other amounts receivable: +€15,575
- Cash -€18,279
down €18,279 (-24.6%), from €74,361 to €56,082
mainly Contributions, distributions and other (-€110,858) and Investment in fixed assets (net) (-€58,500)
- Other debts +€110,858
new in 2025: €110,858
- Reserves -€99,260
down €99,260 (-64.4%), from €154,157 to €54,896
- Debts after one year +€34,065
new in 2025: €34,065
- Current portion of long-term debt +€9,214
new in 2025: €9,214
- Write-downs +€10,000
new in 2025: €10,000
- Depreciation +€6,289
up €6,289 (+72.2%), from €8,713 to €15,003
- Financial charges -€3,926
down €3,926 (-76.9%), from €5,105 to €1,180
- Taxes -€3,262
down €3,262 (-34.7%), from €9,399 to €6,137
- Gross operating margin +€2,153
up €2,153 (+4.8%), from €44,963 to €47,116
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 | €166,068 | €221,586 | +€55,518 | +33.4% |
| Fixed assets | 21/28 | €6,405 | €49,902 | +€43,497 | +679% |
| Tangible fixed assets | 22/27 | €6,405 | €49,902 | +€43,497 | +679% |
| Furniture and vehicles | 24 | €6,405 | €49,902 | +€43,497 | +679% |
| Current assets | 29/58 | €159,664 | €171,684 | +€12,020 | +7.5% |
| Amounts receivable within one year | 40/41 | €83,947 | €114,526 | +€30,579 | +36.4% |
| Trade receivables | 40 | - | €15,004 | +€15,004 | |
| Other amounts receivable | 41 | €83,947 | €99,522 | +€15,575 | +18.6% |
| Cash at bank and in hand | 54/58 | €74,361 | €56,082 | -€18,279 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,355 | €1,076 | -€280 | -20.6% |
| Total equity and liabilities | 10/49 | €166,068 | €221,586 | +€55,518 | +33.4% |
| Equity | 10/15 | €154,157 | €54,896 | -€99,260 | -64.4% |
| Reserves | 13 | €154,157 | €54,896 | -€99,260 | -64.4% |
| Distributable reserves | 133 | €154,157 | €54,896 | -€99,260 | -64.4% |
| Amounts payable | 17/49 | €11,911 | €166,689 | +€154,778 | +1,299% |
| Amounts payable after more than one year | 17 | - | €34,065 | +€34,065 | |
| Financial debts | 170/4 | - | €34,065 | +€34,065 | |
| Amounts payable within one year | 42/48 | €11,911 | €132,624 | +€120,713 | +1,013% |
| Current portion of amounts payable after more than one year | 42 | - | €9,214 | +€9,214 | |
| Trade debts | 44 | €2,335 | €983 | -€1,352 | -57.9% |
| Suppliers | 440/4 | €2,335 | €983 | -€1,352 | -57.9% |
| Taxes, remuneration and social security | 45 | €9,576 | €11,569 | +€1,993 | +20.8% |
| Taxes | 450/3 | €9,576 | €11,569 | +€1,993 | +20.8% |
| Other amounts payable | 47/48 | - | €110,858 | +€110,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,713 | €15,003 | +€6,289 | +72.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €2,724 | €4,346 | +€1,622 | +59.5% |
| Gross operating margin | 9900 | €44,963 | €47,116 | +€2,153 | +4.8% |
| Operating profit (loss) | 9901 | €33,525 | €17,767 | -€15,758 | -47.0% |
| Financial income | 75/76B | €2,319 | €1,147 | -€1,172 | -50.5% |
| Recurring financial income | 75 | €2,319 | €1,147 | -€1,172 | -50.5% |
| Financial charges | 65/66B | €5,105 | €1,180 | -€3,926 | -76.9% |
| Recurring financial charges | 65 | €5,105 | €1,180 | -€3,926 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €30,739 | €17,735 | -€13,004 | -42.3% |
| Income taxes | 67/77 | €9,399 | €6,137 | -€3,262 | -34.7% |
| Profit (loss) for the period | 9904 | €21,340 | €11,598 | -€9,743 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,340 | €11,598 | -€9,743 | -45.7% |
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.