CHECK THE GATE: 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.
CHECK THE GATE
Largest movements
- Cash +€91,885
up €91,885 (+1,524%), from €6,030 to €97,915
mainly Net result for the year (+€63,307) and Tax, wage and social debts (+€27,395)
- Receivables within one year +€21,018
up €21,018 (+2,149%), from €978 to €21,995
of which Trade receivables: +€21,329
- Tangible fixed assets +€2,501
up €2,501 (+18.9%), from €13,208 to €15,709
of which Plant, machinery and equipment: +€5,769
- Profit (loss) carried forward +€38,707
no longer reported in 2025 (was -€38,707)
- Tax, wage and social debts +€27,395
up €27,395 (+31,988%), from €86 to €27,480
- Reserves +€24,599
up €24,599 (+1,323%), from €1,860 to €26,459
- Other debts +€20,300
up €20,300 (+40.1%), from €50,579 to €70,880
- Trade debts +€4,402
up €4,402 (+2,222%), from €198 to €4,600
- Gross operating margin +€106,806
up €106,806, from -€4,376 to €102,430
- Taxes +€27,395
up €27,395 (+31,988%), from €86 to €27,480
- Depreciation -€3,550
down €3,550 (-24.4%), from €14,562 to €11,011
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 | €20,216 | €135,619 | +€115,404 | +571% |
| Fixed assets | 21/28 | €13,208 | €15,709 | +€2,501 | +18.9% |
| Tangible fixed assets | 22/27 | €13,208 | €15,709 | +€2,501 | +18.9% |
| Plant, machinery and equipment | 23 | - | €5,769 | +€5,769 | |
| Furniture and vehicles | 24 | €4,326 | €9,940 | +€5,614 | +130% |
| Leasing and similar rights | 25 | €8,882 | - | -€8,882 | |
| Current assets | 29/58 | €7,008 | €119,910 | +€112,903 | +1,611% |
| Amounts receivable within one year | 40/41 | €978 | €21,995 | +€21,018 | +2,149% |
| Trade receivables | 40 | - | €21,329 | +€21,329 | |
| Other amounts receivable | 41 | €978 | €667 | -€311 | -31.8% |
| Cash at bank and in hand | 54/58 | €6,030 | €97,915 | +€91,885 | +1,524% |
| Total equity and liabilities | 10/49 | €20,216 | €135,619 | +€115,404 | +571% |
| Equity | 10/15 | -€30,647 | €32,659 | +€63,307 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,459 | +€24,599 | +1,323% |
| Distributable reserves | 133 | €1,860 | €26,459 | +€24,599 | +1,323% |
| Profit (loss) carried forward | 14 | -€38,707 | - | +€38,707 | |
| Amounts payable | 17/49 | €50,863 | €102,960 | +€52,097 | +102% |
| Amounts payable within one year | 42/48 | €50,863 | €102,960 | +€52,097 | +102% |
| Trade debts | 44 | €198 | €4,600 | +€4,402 | +2,222% |
| Suppliers | 440/4 | €198 | €4,600 | +€4,402 | +2,222% |
| Taxes, remuneration and social security | 45 | €86 | €27,480 | +€27,395 | +31,988% |
| Taxes | 450/3 | €86 | €27,480 | +€27,395 | +31,988% |
| Other amounts payable | 47/48 | €50,579 | €70,880 | +€20,300 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,562 | €11,011 | -€3,550 | -24.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,376 | €102,430 | +€106,806 | |
| Operating profit (loss) | 9901 | -€19,325 | €91,019 | +€110,344 | |
| Financial charges | 65/66B | €171 | €232 | +€61 | +35.8% |
| Recurring financial charges | 65 | €171 | €232 | +€61 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,496 | €90,787 | +€110,283 | |
| Income taxes | 67/77 | €86 | €27,480 | +€27,395 | +31,988% |
| Profit (loss) for the period | 9904 | -€19,582 | €63,307 | +€82,888 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,582 | €63,307 | +€82,888 |
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 21 October 2026 via checked.be.