CHANGE 2 WIN: 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.
CHANGE 2 WIN
Largest movements
- Cash +€3,751
up €3,751 (+2.3%), from €162,929 to €166,680
mainly Trade debts (+€2,380) and Current investments (+€1,661)
- Trade debts +€2,380
up €2,380 (+86.2%), from €2,761 to €5,141
- Financial income +€3,771
up €3,771 (+139.6%), from €2,701 to €6,472
- Gross operating margin +€2,849
up €2,849 (+37.1%), from -€7,670 to -€4,821
- Taxes -€1,388
down €1,388, from €592 to -€796
- Financial charges -€1,158
down €1,158 (-90.6%), from €1,278 to €120
- Depreciation -€145
down €145 (-21.5%), from €677 to €532
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 | €194,184 | €195,777 | +€1,594 | +0.8% |
| Fixed assets | 21/28 | €4,308 | €4,814 | +€506 | +11.8% |
| Tangible fixed assets | 22/27 | €2,448 | €2,954 | +€506 | +20.7% |
| Furniture and vehicles | 24 | €1,686 | €2,329 | +€644 | +38.2% |
| Other tangible fixed assets | 26 | €762 | €625 | -€137 | -18.0% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €189,876 | €190,963 | +€1,087 | +0.6% |
| Amounts receivable after more than one year | 29 | €1,681 | €1,681 | = | 0.0% |
| Trade receivables | 290 | €1,681 | €1,681 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,633 | €630 | -€1,003 | -61.4% |
| Trade receivables | 40 | €1,632 | - | -€1,632 | |
| Other amounts receivable | 41 | €1 | €630 | +€629 | +57667.9% |
| Current investments | 50/53 | €23,633 | €21,973 | -€1,661 | -7.0% |
| Cash at bank and in hand | 54/58 | €162,929 | €166,680 | +€3,751 | +2.3% |
| Total equity and liabilities | 10/49 | €194,184 | €195,777 | +€1,594 | +0.8% |
| Equity | 10/15 | €139,225 | €140,621 | +€1,396 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,180 | €116,180 | = | 0.0% |
| Distributable reserves | 133 | €116,180 | €116,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,844 | €18,240 | +€1,396 | +8.3% |
| Amounts payable | 17/49 | €54,959 | €55,156 | +€197 | +0.4% |
| Amounts payable within one year | 42/48 | €54,959 | €55,156 | +€197 | +0.4% |
| Trade debts | 44 | €2,761 | €5,141 | +€2,380 | +86.2% |
| Suppliers | 440/4 | €2,761 | €5,141 | +€2,380 | +86.2% |
| Taxes, remuneration and social security | 45 | €2,733 | €2,500 | -€233 | -8.5% |
| Taxes | 450/3 | €2,733 | €2,500 | -€233 | -8.5% |
| Other amounts payable | 47/48 | €49,465 | €47,515 | -€1,950 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677 | €532 | -€145 | -21.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€7,670 | -€4,821 | +€2,849 | +37.1% |
| Operating profit (loss) | 9901 | -€8,734 | -€5,753 | +€2,982 | +34.1% |
| Financial income | 75/76B | €2,701 | €6,472 | +€3,771 | +139.6% |
| Recurring financial income | 75 | €2,701 | €6,472 | +€3,771 | +139.6% |
| Financial charges | 65/66B | €1,278 | €120 | -€1,158 | -90.6% |
| Recurring financial charges | 65 | €1,278 | €120 | -€1,158 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,311 | €600 | +€7,911 | |
| Income taxes | 67/77 | €592 | -€796 | -€1,388 | |
| Profit (loss) for the period | 9904 | -€7,903 | €1,396 | +€9,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,903 | €1,396 | +€9,299 |
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 9 October 2026 via checked.be.