CHALLENGES & VOUS: 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.
CHALLENGES & VOUS
Largest movements
- Cash +€10,893
up €10,893 (+84.1%), from €12,955 to €23,848
mainly Other debts (+€9,685) and Net result for the year (+€8,378)
- Receivables within one year +€1,930
up €1,930 (+46.8%), from €4,127 to €6,056
of which Trade receivables: +€1,930
- Other debts +€9,685
up €9,685 (+95.1%), from €10,185 to €19,870
- Trade debts +€2,724
up €2,724 (+408.6%), from €667 to €3,391
- Profit (loss) carried forward +€378
up €378 (+263.1%), from €144 to €521
- Gross operating margin +€4,921
up €4,921 (+94.6%), from €5,200 to €10,121
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 | €17,311 | €30,208 | +€12,898 | +74.5% |
| Current assets | 29/58 | €17,311 | €30,208 | +€12,898 | +74.5% |
| Amounts receivable within one year | 40/41 | €4,127 | €6,056 | +€1,930 | +46.8% |
| Trade receivables | 40 | €4,122 | €6,051 | +€1,930 | +46.8% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,955 | €23,848 | +€10,893 | +84.1% |
| Deferred charges and accrued income | 490/1 | €229 | €304 | +€75 | +32.8% |
| Total equity and liabilities | 10/49 | €17,311 | €30,208 | +€12,898 | +74.5% |
| Equity | 10/15 | €1,144 | €1,521 | +€378 | +33.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144 | €521 | +€378 | +263.1% |
| Amounts payable | 17/49 | €16,167 | €28,687 | +€12,520 | +77.4% |
| Amounts payable within one year | 42/48 | €16,167 | €28,687 | +€12,520 | +77.4% |
| Trade debts | 44 | €667 | €3,391 | +€2,724 | +408.6% |
| Suppliers | 440/4 | €667 | €3,391 | +€2,724 | +408.6% |
| Taxes, remuneration and social security | 45 | €5,316 | €5,426 | +€110 | +2.1% |
| Taxes | 450/3 | €5,316 | €5,426 | +€110 | +2.1% |
| Other amounts payable | 47/48 | €10,185 | €19,870 | +€9,685 | +95.1% |
| Gross operating margin | 9900 | €5,200 | €10,121 | +€4,921 | +94.6% |
| Operating profit (loss) | 9901 | €5,200 | €10,121 | +€4,921 | +94.6% |
| Financial charges | 65/66B | €107 | €95 | -€12 | -11.2% |
| Recurring financial charges | 65 | €107 | €95 | -€12 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €5,093 | €10,027 | +€4,933 | +96.9% |
| Income taxes | 67/77 | €1,649 | €1,649 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €3,445 | €8,378 | +€4,933 | +143.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,445 | €8,378 | +€4,933 | +143.2% |
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 30 September 2026 via checked.be.