CHRISTELLE SAUBLAIN: 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.
CHRISTELLE SAUBLAIN
Largest movements
- Tangible fixed assets +€52,721
up €52,721 (+230%), from €22,897 to €75,618
of which Furniture and vehicles: +€52,253
- Reserves +€25,000
up €25,000 (+96.2%), from €26,000 to €51,000
- Debts after one year +€22,601
up €22,601 (+222%), from €10,187 to €32,788
- Current portion of long-term debt +€7,175
up €7,175 (+144%), from €4,986 to €12,161
- Tax, wage and social debts -€2,361
down €2,361 (-50.7%), from €4,659 to €2,298
of which Taxes: -€2,390
- Turnover +€35,571
up €35,571 (+31.1%), from €114,456 to €150,027
- Gross operating margin +€23,960
up €23,960 (+70.2%), from €34,150 to €58,110
- Purchases and services +€11,611
up €11,611 (+14.5%), from €80,306 to €91,917
- Depreciation +€7,172
up €7,172 (+68.0%), from €10,543 to €17,715
- Taxes +€3,806
up €3,806 (+70.9%), from €5,369 to €9,175
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 | €61,006 | €114,821 | +€53,815 | +88.2% |
| Fixed assets | 21/28 | €22,897 | €75,618 | +€52,721 | +230% |
| Tangible fixed assets | 22/27 | €22,897 | €75,618 | +€52,721 | +230% |
| Land and buildings | 22 | €5,195 | €9,272 | +€4,077 | +78.5% |
| Plant, machinery and equipment | 23 | €252 | €159 | -€93 | -36.9% |
| Furniture and vehicles | 24 | €237 | €52,490 | +€52,253 | +22,048% |
| Leasing and similar rights | 25 | €17,213 | €13,697 | -€3,516 | -20.4% |
| Current assets | 29/58 | €38,109 | €39,203 | +€1,094 | +2.9% |
| Amounts receivable within one year | 40/41 | €45 | €255 | +€210 | +467% |
| Other amounts receivable | 41 | €45 | €255 | +€210 | +467% |
| Cash at bank and in hand | 54/58 | €37,858 | €38,948 | +€1,090 | +2.9% |
| Deferred charges and accrued income | 490/1 | €206 | - | -€206 | |
| Total equity and liabilities | 10/49 | €61,006 | €114,821 | +€53,815 | +88.2% |
| Equity | 10/15 | €39,690 | €65,044 | +€25,354 | +63.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,000 | €51,000 | +€25,000 | +96.2% |
| Distributable reserves | 133 | €26,000 | €51,000 | +€25,000 | +96.2% |
| Profit (loss) carried forward | 14 | €10,690 | €11,044 | +€354 | +3.3% |
| Amounts payable | 17/49 | €21,316 | €49,777 | +€28,461 | +134% |
| Amounts payable after more than one year | 17 | €10,187 | €32,788 | +€22,601 | +222% |
| Financial debts | 170/4 | €10,187 | €32,788 | +€22,601 | +222% |
| Amounts payable within one year | 42/48 | €11,129 | €16,989 | +€5,860 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €4,986 | €12,161 | +€7,175 | +144% |
| Trade debts | 44 | €147 | €958 | +€811 | +552% |
| Suppliers | 440/4 | €147 | €958 | +€811 | +552% |
| Taxes, remuneration and social security | 45 | €4,659 | €2,298 | -€2,361 | -50.7% |
| Taxes | 450/3 | €2,505 | €115 | -€2,390 | -95.4% |
| Remuneration and social security | 454/9 | €2,154 | €2,183 | +€29 | +1.3% |
| Other amounts payable | 47/48 | €1,337 | €1,572 | +€235 | +17.6% |
| Turnover | 70 | €114,456 | €150,027 | +€35,571 | +31.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €80,306 | €91,917 | +€11,611 | +14.5% |
| Remuneration, social security and pensions | 62 | €3,182 | €3,147 | -€35 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,543 | €17,715 | +€7,172 | +68.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €365 | - | -€365 | |
| Other operating charges | 640/8 | €430 | €423 | -€7 | -1.6% |
| Gross operating margin | 9900 | €34,150 | €58,110 | +€23,960 | +70.2% |
| Operating profit (loss) | 9901 | €19,630 | €36,825 | +€17,195 | +87.6% |
| Financial income | 75/76B | €248 | €9 | -€239 | -96.4% |
| Recurring financial income | 75 | €248 | €9 | -€239 | -96.4% |
| Financial charges | 65/66B | €962 | €2,305 | +€1,343 | +140% |
| Recurring financial charges | 65 | €962 | €2,305 | +€1,343 | +140% |
| Profit (loss) for the period before taxes | 9903 | €18,916 | €34,529 | +€15,613 | +82.5% |
| Income taxes | 67/77 | €5,369 | €9,175 | +€3,806 | +70.9% |
| Profit (loss) for the period | 9904 | €13,547 | €25,354 | +€11,807 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,547 | €25,354 | +€11,807 | +87.2% |
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 28 October 2026 via checked.be.