CLEAR VISION: 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.
CLEAR VISION
Largest movements
- Current investments +€65,133
up €65,133 (+29.9%), from €218,036 to €283,169
- Tangible fixed assets -€7,620
down €7,620 (-19.4%), from €39,240 to €31,620
of which Furniture and vehicles: -€8,539
- Cash +€7,464
up €7,464 (+139%), from €5,389 to €12,852
mainly Net result for the year (+€61,337) and Depreciation (+€13,783)
- Reserves +€61,337
up €61,337 (+22.8%), from €269,380 to €330,717
of which Distributable reserves: +€61,337
- Tax, wage and social debts +€9,916
up €9,916 (+187%), from €5,292 to €15,209
- Other debts -€6,884
down €6,884 (-21.0%), from €32,773 to €25,890
- Trade debts +€5,209
up €5,209 (+157%), from €3,310 to €8,519
- Financial income +€40,391
up €40,391 (+3,772%), from €1,071 to €41,462
- Gross operating margin +€11,437
up €11,437 (+26.6%), from €42,986 to €54,423
- Taxes +€7,779
up €7,779 (+68.5%), from €11,357 to €19,135
- Other operating charges -€4,270
down €4,270 (-78.0%), from €5,476 to €1,206
- Depreciation +€549
up €549 (+4.1%), from €13,234 to €13,783
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 | €381,979 | €448,595 | +€66,616 | +17.4% |
| Fixed assets | 21/28 | €126,840 | €119,220 | -€7,620 | -6.0% |
| Tangible fixed assets | 22/27 | €39,240 | €31,620 | -€7,620 | -19.4% |
| Plant, machinery and equipment | 23 | €3,921 | €3,190 | -€731 | -18.6% |
| Furniture and vehicles | 24 | €33,419 | €24,880 | -€8,539 | -25.6% |
| Other tangible fixed assets | 26 | €1,900 | €3,550 | +€1,650 | +86.8% |
| Financial fixed assets | 28 | €87,600 | €87,600 | = | 0.0% |
| Current assets | 29/58 | €255,139 | €329,375 | +€74,236 | +29.1% |
| Amounts receivable within one year | 40/41 | €29,566 | €31,067 | +€1,502 | +5.1% |
| Trade receivables | 40 | €29,566 | €31,067 | +€1,502 | +5.1% |
| Current investments | 50/53 | €218,036 | €283,169 | +€65,133 | +29.9% |
| Cash at bank and in hand | 54/58 | €5,389 | €12,852 | +€7,464 | +139% |
| Deferred charges and accrued income | 490/1 | €2,148 | €2,286 | +€137 | +6.4% |
| Total equity and liabilities | 10/49 | €381,979 | €448,595 | +€66,616 | +17.4% |
| Equity | 10/15 | €283,380 | €344,717 | +€61,337 | +21.6% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €269,380 | €330,717 | +€61,337 | +22.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €267,380 | €328,717 | +€61,337 | +22.9% |
| Provisions and deferred taxes | 16 | €54,260 | €54,260 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €54,260 | €54,260 | = | 0.0% |
| Pensions and similar obligations | 160 | €54,260 | €54,260 | = | 0.0% |
| Amounts payable | 17/49 | €44,338 | €49,618 | +€5,279 | +11.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,338 | €49,618 | +€5,279 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €2,963 | €0 | -€2,963 | -100% |
| Trade debts | 44 | €3,310 | €8,519 | +€5,209 | +157% |
| Suppliers | 440/4 | €3,310 | €8,519 | +€5,209 | +157% |
| Taxes, remuneration and social security | 45 | €5,292 | €15,209 | +€9,916 | +187% |
| Taxes | 450/3 | €5,292 | €15,209 | +€9,916 | +187% |
| Other amounts payable | 47/48 | €32,773 | €25,890 | -€6,884 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,234 | €13,783 | +€549 | +4.1% |
| Other operating charges | 640/8 | €5,476 | €1,206 | -€4,270 | -78.0% |
| Gross operating margin | 9900 | €42,986 | €54,423 | +€11,437 | +26.6% |
| Operating profit (loss) | 9901 | €24,276 | €39,434 | +€15,158 | +62.4% |
| Financial income | 75/76B | €1,071 | €41,462 | +€40,391 | +3,772% |
| Recurring financial income | 75 | €1,071 | €41,462 | +€40,391 | +3,772% |
| Financial charges | 65/66B | €299 | €424 | +€124 | +41.5% |
| Recurring financial charges | 65 | €299 | €424 | +€124 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €25,048 | €80,472 | +€55,425 | +221% |
| Income taxes | 67/77 | €11,357 | €19,135 | +€7,779 | +68.5% |
| Profit (loss) for the period | 9904 | €13,691 | €61,337 | +€47,646 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €13,691 | €61,337 | +€47,646 | +348% |
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 20 October 2026 via checked.be.