Clean it up: 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.
Clean it up
Largest movements
- Cash +€35,409
up €35,409 (+145%), from €24,416 to €59,825
mainly Net result for the year (+€30,543) and Receivables within one year (+€30,184)
- Receivables within one year -€30,184
down €30,184 (-45.1%), from €66,935 to €36,751
of which Trade receivables: -€29,511
- Deferred charges and accrued income -€1,289
down €1,289 (-61.5%), from €2,098 to €808
- Profit (loss) carried forward +€18,674
no longer reported in 2025 (was -€18,674)
- Reserves -€18,613
down €18,613 (-23.2%), from €80,205 to €61,592
of which Distributable reserves: -€18,613
- Other debts +€2,557
up €2,557 (+26.9%), from €9,512 to €12,070
- Tax, wage and social debts +€1,677
up €1,677 (+75.4%), from €2,223 to €3,900
- Other operating charges -€9,706
down €9,706 (-94.9%), from €10,233 to €527
- Gross operating margin +€6,268
up €6,268 (+17.6%), from €35,632 to €41,901
- Taxes +€5,177
up €5,177 (+233%), from €2,223 to €7,400
- Write-downs +€3,035
new in 2025: €3,035
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 | €93,613 | €97,884 | +€4,271 | +4.6% |
| Fixed assets | 21/28 | €163 | - | -€163 | |
| Tangible fixed assets | 22/27 | €163 | - | -€163 | |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Current assets | 29/58 | €93,449 | €97,884 | +€4,435 | +4.7% |
| Stocks and contracts in progress | 3 | - | €499 | +€499 | |
| Stocks | 30/36 | - | €499 | +€499 | |
| Amounts receivable within one year | 40/41 | €66,935 | €36,751 | -€30,184 | -45.1% |
| Trade receivables | 40 | €66,147 | €36,636 | -€29,511 | -44.6% |
| Other amounts receivable | 41 | €788 | €116 | -€672 | -85.3% |
| Cash at bank and in hand | 54/58 | €24,416 | €59,825 | +€35,409 | +145% |
| Deferred charges and accrued income | 490/1 | €2,098 | €808 | -€1,289 | -61.5% |
| Total equity and liabilities | 10/49 | €93,613 | €97,884 | +€4,271 | +4.6% |
| Equity | 10/15 | €80,131 | €80,192 | +€61 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,205 | €61,592 | -€18,613 | -23.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,345 | €59,732 | -€18,613 | -23.8% |
| Profit (loss) carried forward | 14 | -€18,674 | - | +€18,674 | |
| Amounts payable | 17/49 | €13,482 | €17,692 | +€4,210 | +31.2% |
| Amounts payable within one year | 42/48 | €13,121 | €17,692 | +€4,570 | +34.8% |
| Trade debts | 44 | €1,386 | €1,722 | +€336 | +24.2% |
| Suppliers | 440/4 | €1,386 | €1,722 | +€336 | +24.2% |
| Taxes, remuneration and social security | 45 | €2,223 | €3,900 | +€1,677 | +75.4% |
| Taxes | 450/3 | €2,223 | €3,900 | +€1,677 | +75.4% |
| Other amounts payable | 47/48 | €9,512 | €12,070 | +€2,557 | +26.9% |
| Accrued charges and deferred income | 492/3 | €360 | - | -€360 | |
| Remuneration, social security and pensions | 62 | €146 | - | -€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €163 | -€344 | -67.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,035 | +€3,035 | |
| Other operating charges | 640/8 | €10,233 | €527 | -€9,706 | -94.9% |
| Gross operating margin | 9900 | €35,632 | €41,901 | +€6,268 | +17.6% |
| Operating profit (loss) | 9901 | €24,747 | €38,175 | +€13,429 | +54.3% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €310 | €233 | -€78 | -25.0% |
| Recurring financial charges | 65 | €310 | €233 | -€78 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €24,452 | €37,943 | +€13,490 | +55.2% |
| Income taxes | 67/77 | €2,223 | €7,400 | +€5,177 | +233% |
| Profit (loss) for the period | 9904 | €22,229 | €30,543 | +€8,313 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,229 | €30,543 | +€8,313 | +37.4% |
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 26 October 2026 via checked.be.