Change Essentials: 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.
Change Essentials
Largest movements
- Cash +€54,094
up €54,094 (+79.6%), from €67,950 to €122,044
mainly Net result for the year (+€90,357) and Other debts (+€77,092)
- Current investments +€22,947
up €22,947 (+13.3%), from €172,824 to €195,771
- Tangible fixed assets -€4,468
down €4,468 (-76.3%), from €5,857 to €1,389
of which Furniture and vehicles: -€3,709
- Other debts +€77,092
up €77,092 (+497.9%), from €15,482 to €92,574
- Tax, wage and social debts -€15,467
down €15,467 (-44.0%), from €35,141 to €19,674
- Reserves +€11,020
up €11,020 (+4.1%), from €271,485 to €282,505
- Financial income -€2,314
down €2,314 (-50.0%), from €4,630 to €2,316
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 | €341,711 | €414,791 | +€73,080 | +21.4% |
| Fixed assets | 21/28 | €5,857 | €1,389 | -€4,468 | -76.3% |
| Tangible fixed assets | 22/27 | €5,857 | €1,389 | -€4,468 | -76.3% |
| Furniture and vehicles | 24 | €4,398 | €689 | -€3,709 | -84.3% |
| Other tangible fixed assets | 26 | €1,459 | €700 | -€759 | -52.0% |
| Current assets | 29/58 | €335,854 | €413,402 | +€77,547 | +23.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,204 | €23,049 | -€1,155 | -4.8% |
| Trade receivables | 40 | €24,186 | €23,030 | -€1,156 | -4.8% |
| Other amounts receivable | 41 | €18 | €19 | +€1 | +5.7% |
| Current investments | 50/53 | €172,824 | €195,771 | +€22,947 | +13.3% |
| Cash at bank and in hand | 54/58 | €67,950 | €122,044 | +€54,094 | +79.6% |
| Deferred charges and accrued income | 490/1 | €876 | €2,538 | +€1,661 | +189.5% |
| Total equity and liabilities | 10/49 | €341,711 | €414,791 | +€73,080 | +21.4% |
| Equity | 10/15 | €290,035 | €301,055 | +€11,020 | +3.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €271,485 | €282,505 | +€11,020 | +4.1% |
| Distributable reserves | 133 | €271,485 | €282,505 | +€11,020 | +4.1% |
| Amounts payable | 17/49 | €51,676 | €113,736 | +€62,059 | +120.1% |
| Amounts payable within one year | 42/48 | €51,676 | €113,736 | +€62,059 | +120.1% |
| Trade debts | 44 | €1,053 | €1,488 | +€435 | +41.3% |
| Suppliers | 440/4 | €1,053 | €1,488 | +€435 | +41.3% |
| Taxes, remuneration and social security | 45 | €35,141 | €19,674 | -€15,467 | -44.0% |
| Taxes | 450/3 | €35,141 | €19,674 | -€15,467 | -44.0% |
| Other amounts payable | 47/48 | €15,482 | €92,574 | +€77,092 | +497.9% |
| Non-recurring operating income | 76A | - | €63 | +€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,207 | €2,385 | -€823 | -25.7% |
| Other operating charges | 640/8 | €677 | €823 | +€147 | +21.6% |
| Gross operating margin | 9900 | €129,361 | €129,098 | -€263 | -0.2% |
| Operating profit (loss) | 9901 | €125,477 | €125,890 | +€413 | +0.3% |
| Financial income | 75/76B | €4,630 | €2,316 | -€2,314 | -50.0% |
| Recurring financial income | 75 | €4,630 | €2,316 | -€2,314 | -50.0% |
| Financial charges | 65/66B | €117 | €133 | +€16 | +13.4% |
| Recurring financial charges | 65 | €117 | €133 | +€16 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €129,989 | €128,073 | -€1,916 | -1.5% |
| Income taxes | 67/77 | €38,236 | €37,717 | -€519 | -1.4% |
| Profit (loss) for the period | 9904 | €91,754 | €90,357 | -€1,397 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,754 | €90,357 | -€1,397 | -1.5% |
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 8 October 2026 via checked.be.