Chappter: 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.
Chappter
Largest movements
- Current investments +€70,300
new in 2025: €70,300
- Receivables within one year -€15,679
down €15,679 (-61.6%), from €25,433 to €9,754
of which Trade receivables: -€15,791
- Cash +€7,668
up €7,668 (+10.0%), from €77,020 to €84,688
mainly Net result for the year (+€49,842) and Receivables within one year (+€15,679)
- Profit (loss) carried forward +€49,842
up €49,842 (+55.7%), from €89,406 to €139,248
- Tax, wage and social debts +€10,912
up €10,912 (+73.4%), from €14,869 to €25,782
of which Taxes: +€10,900
- Turnover +€131,100
new in 2025: €131,100
- Purchases and services +€71,816
new in 2025: €71,816
- Gross operating margin -€6,413
down €6,413 (-8.9%), from €71,680 to €65,267
- Taxes -€1,595
down €1,595 (-10.7%), from €14,895 to €13,300
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 | €108,068 | €168,918 | +€60,850 | +56.3% |
| Fixed assets | 21/28 | €4,729 | €3,071 | -€1,658 | -35.1% |
| Tangible fixed assets | 22/27 | €4,729 | €3,071 | -€1,658 | -35.1% |
| Furniture and vehicles | 24 | €4,729 | €3,071 | -€1,658 | -35.1% |
| Current assets | 29/58 | €103,339 | €165,847 | +€62,508 | +60.5% |
| Amounts receivable within one year | 40/41 | €25,433 | €9,754 | -€15,679 | -61.6% |
| Trade receivables | 40 | €25,229 | €9,438 | -€15,791 | -62.6% |
| Other amounts receivable | 41 | €205 | €316 | +€112 | +54.5% |
| Current investments | 50/53 | - | €70,300 | +€70,300 | |
| Cash at bank and in hand | 54/58 | €77,020 | €84,688 | +€7,668 | +10.0% |
| Deferred charges and accrued income | 490/1 | €886 | €1,105 | +€219 | +24.7% |
| Total equity and liabilities | 10/49 | €108,068 | €168,918 | +€60,850 | +56.3% |
| Equity | 10/15 | €92,406 | €142,248 | +€49,842 | +53.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,406 | €139,248 | +€49,842 | +55.7% |
| Amounts payable | 17/49 | €15,662 | €26,670 | +€11,007 | +70.3% |
| Amounts payable within one year | 42/48 | €15,662 | €26,670 | +€11,007 | +70.3% |
| Trade debts | 44 | €793 | €888 | +€95 | +12.0% |
| Suppliers | 440/4 | €793 | €888 | +€95 | +12.0% |
| Taxes, remuneration and social security | 45 | €14,869 | €25,782 | +€10,912 | +73.4% |
| Taxes | 450/3 | €13,206 | €24,105 | +€10,900 | +82.5% |
| Remuneration and social security | 454/9 | €1,664 | €1,676 | +€13 | +0.8% |
| Turnover | 70 | - | €131,100 | +€131,100 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €71,816 | +€71,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,356 | €1,658 | +€302 | +22.2% |
| Other operating charges | 640/8 | €170 | €246 | +€76 | +44.9% |
| Gross operating margin | 9900 | €71,680 | €65,267 | -€6,413 | -8.9% |
| Operating profit (loss) | 9901 | €70,154 | €63,363 | -€6,791 | -9.7% |
| Financial income | 75/76B | €50 | €36 | -€14 | -28.6% |
| Recurring financial income | 75 | €50 | €36 | -€14 | -28.6% |
| Financial charges | 65/66B | -€5 | €256 | +€261 | |
| Recurring financial charges | 65 | -€5 | €256 | +€261 | |
| Profit (loss) for the period before taxes | 9903 | €70,209 | €63,142 | -€7,067 | -10.1% |
| Income taxes | 67/77 | €14,895 | €13,300 | -€1,595 | -10.7% |
| Profit (loss) for the period | 9904 | €55,313 | €49,842 | -€5,471 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,313 | €49,842 | -€5,471 | -9.9% |
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 29 September 2026 via checked.be.