CHANGR: 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.
CHANGR
Largest movements
- Receivables within one year +€25,110
up €25,110 (+1691.7%), from €1,484 to €26,595
of which Trade receivables: +€26,595
- Cash +€5,565
up €5,565 (+15.2%), from €36,508 to €42,073
mainly Net result for the year (+€25,946) and Tax, wage and social debts (+€8,811)
- Tangible fixed assets +€2,622
up €2,622 (+220.8%), from €1,188 to €3,810
of which Furniture and vehicles: +€2,828
- Profit (loss) carried forward +€25,113
up €25,113 (+93.0%), from €27,013 to €52,126
- Tax, wage and social debts +€8,811
up €8,811 (+114.1%), from €7,722 to €16,534
- Gross operating margin -€513
down €513 (-1.3%), from €38,400 to €37,887
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 | €39,528 | €73,154 | +€33,626 | +85.1% |
| Fixed assets | 21/28 | €1,188 | €3,810 | +€2,622 | +220.8% |
| Tangible fixed assets | 22/27 | €1,188 | €3,810 | +€2,622 | +220.8% |
| Plant, machinery and equipment | 23 | €439 | €234 | -€205 | -46.7% |
| Furniture and vehicles | 24 | €748 | €3,576 | +€2,828 | +377.9% |
| Current assets | 29/58 | €38,340 | €69,344 | +€31,004 | +80.9% |
| Amounts receivable within one year | 40/41 | €1,484 | €26,595 | +€25,110 | +1691.7% |
| Trade receivables | 40 | - | €26,595 | +€26,595 | |
| Other amounts receivable | 41 | €1,484 | €0 | -€1,484 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,508 | €42,073 | +€5,565 | +15.2% |
| Deferred charges and accrued income | 490/1 | €348 | €676 | +€328 | +94.3% |
| Total equity and liabilities | 10/49 | €39,528 | €73,154 | +€33,626 | +85.1% |
| Equity | 10/15 | €29,513 | €54,626 | +€25,113 | +85.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,013 | €52,126 | +€25,113 | +93.0% |
| Amounts payable | 17/49 | €10,015 | €18,528 | +€8,514 | +85.0% |
| Amounts payable within one year | 42/48 | €9,032 | €17,791 | +€8,760 | +97.0% |
| Trade debts | 44 | €476 | €136 | -€340 | -71.4% |
| Suppliers | 440/4 | €476 | €136 | -€340 | -71.4% |
| Taxes, remuneration and social security | 45 | €7,722 | €16,534 | +€8,811 | +114.1% |
| Taxes | 450/3 | €7,722 | €16,534 | +€8,811 | +114.1% |
| Other amounts payable | 47/48 | €833 | €1,121 | +€288 | +34.6% |
| Accrued charges and deferred income | 492/3 | €983 | €737 | -€246 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €657 | +€130 | +24.7% |
| Other operating charges | 640/8 | €198 | €348 | +€150 | +76.1% |
| Non-recurring operating charges | 66A | - | €748 | +€748 | |
| Gross operating margin | 9900 | €38,400 | €37,887 | -€513 | -1.3% |
| Operating profit (loss) | 9901 | €37,676 | €36,134 | -€1,542 | -4.1% |
| Financial income | 75/76B | €29 | €18 | -€11 | -37.4% |
| Recurring financial income | 75 | €29 | €18 | -€11 | -37.4% |
| Financial charges | 65/66B | €2,297 | €2,314 | +€18 | +0.8% |
| Recurring financial charges | 65 | €2,297 | €2,314 | +€18 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €35,408 | €33,838 | -€1,571 | -4.4% |
| Income taxes | 67/77 | €7,562 | €7,892 | +€330 | +4.4% |
| Profit (loss) for the period | 9904 | €27,846 | €25,946 | -€1,901 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,846 | €25,946 | -€1,901 | -6.8% |
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 2 October 2026 via checked.be.