Checkpoint: 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.
Checkpoint
Largest movements
- Receivables within one year +€87,381
up €87,381 (+199.4%), from €43,832 to €131,213
of which Trade receivables: +€82,991
- Cash +€48,768
up €48,768 (+380.1%), from €12,832 to €61,600
mainly Net result for the year (+€110,582) and Tax, wage and social debts (+€41,711)
- Intangible fixed assets -€25,000
down €25,000 (-10.4%), from €239,891 to €214,891
- Tangible fixed assets +€8,564
up €8,564 (+191.5%), from €4,473 to €13,036
of which Furniture and vehicles: +€8,663
- Reserves +€155,265
new in 2025: €155,265
- Profit (loss) carried forward -€44,683
no longer reported in 2025 (was €44,683)
- Tax, wage and social debts +€41,711
up €41,711 (+214.5%), from €19,446 to €61,157
- Debts after one year -€31,176
down €31,176 (-17.9%), from €174,582 to €143,406
- Other debts -€29,717
down €29,717 (-87.0%), from €34,172 to €4,455
- Gross operating margin +€178,970
up €178,970 (+243.3%), from €73,567 to €252,538
- Financial charges +€74,481
up €74,481 (+1093.0%), from €6,814 to €81,295
- Taxes +€19,471
up €19,471 (+167.3%), from €11,638 to €31,109
- Depreciation +€17,627
up €17,627 (+163.0%), from €10,812 to €28,439
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 | €301,961 | €422,225 | +€120,264 | +39.8% |
| Fixed assets | 21/28 | €244,363 | €227,927 | -€16,436 | -6.7% |
| Intangible fixed assets | 21 | €239,891 | €214,891 | -€25,000 | -10.4% |
| Tangible fixed assets | 22/27 | €4,473 | €13,036 | +€8,564 | +191.5% |
| Plant, machinery and equipment | 23 | €460 | €361 | -€99 | -21.5% |
| Furniture and vehicles | 24 | €4,013 | €12,675 | +€8,663 | +215.9% |
| Current assets | 29/58 | €57,597 | €194,298 | +€136,701 | +237.3% |
| Amounts receivable within one year | 40/41 | €43,832 | €131,213 | +€87,381 | +199.4% |
| Trade receivables | 40 | €36,832 | €119,824 | +€82,991 | +225.3% |
| Other amounts receivable | 41 | €7,000 | €11,390 | +€4,390 | +62.7% |
| Cash at bank and in hand | 54/58 | €12,832 | €61,600 | +€48,768 | +380.1% |
| Deferred charges and accrued income | 490/1 | €933 | €1,485 | +€552 | +59.1% |
| Total equity and liabilities | 10/49 | €301,961 | €422,225 | +€120,264 | +39.8% |
| Equity | 10/15 | €45,683 | €156,265 | +€110,582 | +242.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €155,265 | +€155,265 | |
| Distributable reserves | 133 | - | €155,265 | +€155,265 | |
| Profit (loss) carried forward | 14 | €44,683 | - | -€44,683 | |
| Amounts payable | 17/49 | €256,278 | €265,960 | +€9,683 | +3.8% |
| Amounts payable after more than one year | 17 | €174,582 | €143,406 | -€31,176 | -17.9% |
| Financial debts | 170/4 | €174,582 | €143,406 | -€31,176 | -17.9% |
| Amounts payable within one year | 42/48 | €81,695 | €122,554 | +€40,859 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €17,182 | €31,790 | +€14,608 | +85.0% |
| Trade debts | 44 | €10,895 | €25,152 | +€14,257 | +130.9% |
| Suppliers | 440/4 | €10,895 | €25,152 | +€14,257 | +130.9% |
| Taxes, remuneration and social security | 45 | €19,446 | €61,157 | +€41,711 | +214.5% |
| Taxes | 450/3 | €19,446 | €61,157 | +€41,711 | +214.5% |
| Other amounts payable | 47/48 | €34,172 | €4,455 | -€29,717 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,812 | €28,439 | +€17,627 | +163.0% |
| Other operating charges | 640/8 | €63 | €1,151 | +€1,088 | +1724.7% |
| Gross operating margin | 9900 | €73,567 | €252,538 | +€178,970 | +243.3% |
| Operating profit (loss) | 9901 | €62,693 | €222,947 | +€160,255 | +255.6% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €6,814 | €81,295 | +€74,481 | +1093.0% |
| Recurring financial charges | 65 | €6,814 | €81,295 | +€74,481 | +1093.0% |
| Profit (loss) for the period before taxes | 9903 | €55,879 | €141,691 | +€85,812 | +153.6% |
| Income taxes | 67/77 | €11,638 | €31,109 | +€19,471 | +167.3% |
| Profit (loss) for the period | 9904 | €44,241 | €110,582 | +€66,341 | +150.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,241 | €110,582 | +€66,341 | +150.0% |
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.