circumstances: 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.
circumstances
Largest movements
- Cash +€120,345
up €120,345 (+86.1%), from €139,756 to €260,102
mainly Net result for the year (+€97,835) and Tax, wage and social debts (+€35,004)
- Deferred charges and accrued income +€24,968
up €24,968 (+32797.0%), from €76 to €25,044
- Profit (loss) carried forward +€97,835
up €97,835 (+60.7%), from €161,280 to €259,115
- Tax, wage and social debts +€35,004
up €35,004 (+437.3%), from €8,005 to €43,010
of which Remuneration and social security: +€28,376
- Accrued charges and deferred income +€16,848
up €16,848 (+49815.8%), from €34 to €16,882
- Trade debts -€4,593
down €4,593 (-35.0%), from €13,119 to €8,526
- Gross operating margin +€256,922
up €256,922 (+144.4%), from €177,892 to €434,814
- Staff costs +€153,303
up €153,303 (+168.3%), from €91,103 to €244,406
- Turnover +€141,632
up €141,632 (+29.2%), from €484,787 to €626,419
- Other operating charges +€75,462
up €75,462 (+5808.0%), from €1,299 to €76,761
- Purchases and services -€16,583
down €16,583 (-4.3%), from €385,497 to €368,915
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 | €182,438 | €327,532 | +€145,094 | +79.5% |
| Fixed assets | 21/28 | €29,472 | €28,712 | -€760 | -2.6% |
| Tangible fixed assets | 22/27 | €29,132 | €26,972 | -€2,160 | -7.4% |
| Plant, machinery and equipment | 23 | €8,743 | €13,380 | +€4,636 | +53.0% |
| Furniture and vehicles | 24 | €20,388 | €13,592 | -€6,796 | -33.3% |
| Financial fixed assets | 28 | €340 | €1,740 | +€1,400 | +411.8% |
| Current assets | 29/58 | €152,966 | €298,820 | +€145,854 | +95.4% |
| Amounts receivable within one year | 40/41 | €13,134 | €13,674 | +€540 | +4.1% |
| Trade receivables | 40 | €12,175 | €13,674 | +€1,499 | +12.3% |
| Other amounts receivable | 41 | €959 | - | -€959 | |
| Cash at bank and in hand | 54/58 | €139,756 | €260,102 | +€120,345 | +86.1% |
| Deferred charges and accrued income | 490/1 | €76 | €25,044 | +€24,968 | +32797.0% |
| Total equity and liabilities | 10/49 | €182,438 | €327,532 | +€145,094 | +79.5% |
| Equity | 10/15 | €161,280 | €259,115 | +€97,835 | +60.7% |
| Profit (loss) carried forward | 14 | €161,280 | €259,115 | +€97,835 | +60.7% |
| Amounts payable | 17/49 | €21,158 | €68,417 | +€47,259 | +223.4% |
| Amounts payable within one year | 42/48 | €21,124 | €51,535 | +€30,411 | +144.0% |
| Trade debts | 44 | €13,119 | €8,526 | -€4,593 | -35.0% |
| Suppliers | 440/4 | €13,119 | €8,526 | -€4,593 | -35.0% |
| Taxes, remuneration and social security | 45 | €8,005 | €43,010 | +€35,004 | +437.3% |
| Taxes | 450/3 | €577 | €7,205 | +€6,628 | +1148.7% |
| Remuneration and social security | 454/9 | €7,428 | €35,805 | +€28,376 | +382.0% |
| Accrued charges and deferred income | 492/3 | €34 | €16,882 | +€16,848 | +49815.8% |
| Turnover | 70 | €484,787 | €626,419 | +€141,632 | +29.2% |
| Membership fees, donations, legacies and grants | 73 | €35,304 | €118,842 | +€83,539 | +236.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €385,497 | €368,915 | -€16,583 | -4.3% |
| Remuneration, social security and pensions | 62 | €91,103 | €244,406 | +€153,303 | +168.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,941 | €15,637 | +€2,695 | +20.8% |
| Other operating charges | 640/8 | €1,299 | €76,761 | +€75,462 | +5808.0% |
| Gross operating margin | 9900 | €177,892 | €434,814 | +€256,922 | +144.4% |
| Operating profit (loss) | 9901 | €72,548 | €98,011 | +€25,462 | +35.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €159 | €177 | +€18 | +11.2% |
| Recurring financial charges | 65 | €159 | €177 | +€18 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €72,389 | €97,835 | +€25,447 | +35.2% |
| Profit (loss) for the period | 9904 | €72,389 | €97,835 | +€25,447 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,389 | €97,835 | +€25,447 | +35.2% |
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 11 October 2026 via checked.be.