CHANGE AGENT: 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 AGENT
Largest movements
- Tangible fixed assets +€4,163
new in 2025: €4,163
of which Furniture and vehicles: +€2,873
- Receivables within one year -€4,150
down €4,150 (-64.3%), from €6,453 to €2,303
of which Trade receivables: -€6,032
- Cash +€1,177
up €1,177 (+471%), from €250 to €1,426
mainly Receivables within one year (+€4,150) and Depreciation (+€922)
- Tax, wage and social debts +€604
up €604 (+81.5%), from €741 to €1,344
- Profit (loss) carried forward +€586
up €586 (+19.8%), from €2,962 to €3,549
- Financial charges +€1,131
new in 2025: €1,131
- Depreciation +€922
new in 2025: €922
- Gross operating margin -€297
down €297 (-7.4%), from €4,025 to €3,728
- Taxes +€233
up €233 (+31.5%), from €741 to €974
- Other operating charges -€147
down €147 (-45.7%), from €322 to €175
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 | €6,703 | €7,893 | +€1,190 | +17.8% |
| Fixed assets | 21/28 | - | €4,163 | +€4,163 | |
| Tangible fixed assets | 22/27 | - | €4,163 | +€4,163 | |
| Plant, machinery and equipment | 23 | - | €1,291 | +€1,291 | |
| Furniture and vehicles | 24 | - | €2,873 | +€2,873 | |
| Current assets | 29/58 | €6,703 | €3,730 | -€2,973 | -44.4% |
| Amounts receivable within one year | 40/41 | €6,453 | €2,303 | -€4,150 | -64.3% |
| Trade receivables | 40 | €6,032 | - | -€6,032 | |
| Other amounts receivable | 41 | €421 | €2,303 | +€1,882 | +446% |
| Cash at bank and in hand | 54/58 | €250 | €1,426 | +€1,177 | +471% |
| Total equity and liabilities | 10/49 | €6,703 | €7,893 | +€1,190 | +17.8% |
| Equity | 10/15 | €5,962 | €6,549 | +€586 | +9.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,962 | €3,549 | +€586 | +19.8% |
| Amounts payable | 17/49 | €741 | €1,344 | +€604 | +81.5% |
| Amounts payable within one year | 42/48 | €741 | €1,344 | +€604 | +81.5% |
| Taxes, remuneration and social security | 45 | €741 | €1,344 | +€604 | +81.5% |
| Taxes | 450/3 | €741 | €1,344 | +€604 | +81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €922 | +€922 | |
| Other operating charges | 640/8 | €322 | €175 | -€147 | -45.7% |
| Gross operating margin | 9900 | €4,025 | €3,728 | -€297 | -7.4% |
| Operating profit (loss) | 9901 | €3,703 | €2,632 | -€1,071 | -28.9% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | - | €1,131 | +€1,131 | |
| Recurring financial charges | 65 | - | €1,131 | +€1,131 | |
| Profit (loss) for the period before taxes | 9903 | €3,703 | €1,560 | -€2,143 | -57.9% |
| Income taxes | 67/77 | €741 | €974 | +€233 | +31.5% |
| Profit (loss) for the period | 9904 | €2,962 | €586 | -€2,376 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,962 | €586 | -€2,376 | -80.2% |
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 13 October 2026 via checked.be.