COGNITIVE SEARCH: 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.
COGNITIVE SEARCH
Largest movements
- Cash -€37,130
down €37,130 (-27.5%), from €134,810 to €97,680
mainly Investment in fixed assets (net) (-€30,210) and Receivables within one year (-€27,365)
- Receivables within one year +€27,365
up €27,365 (+266.2%), from €10,281 to €37,646
of which Trade receivables: +€17,440
- Tangible fixed assets +€14,596
new in 2025: €14,596
- Financial fixed assets +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€25,786
up €25,786 (+26.1%), from €98,934 to €124,719
- Tax, wage and social debts -€7,190
down €7,190 (-18.3%), from €39,343 to €32,154
of which Taxes: -€7,190
- Other debts -€3,814
down €3,814 (-100.0%), from €3,814 to €0
- Gross operating margin -€28,723
down €28,723 (-42.4%), from €67,666 to €38,943
- Taxes -€6,365
down €6,365 (-45.7%), from €13,921 to €7,556
- Depreciation +€5,614
new in 2025: €5,614
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 | €145,091 | €159,922 | +€14,831 | +10.2% |
| Fixed assets | 21/28 | - | €24,596 | +€24,596 | |
| Tangible fixed assets | 22/27 | - | €14,596 | +€14,596 | |
| Furniture and vehicles | 24 | - | €14,596 | +€14,596 | |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €145,091 | €135,326 | -€9,765 | -6.7% |
| Amounts receivable within one year | 40/41 | €10,281 | €37,646 | +€27,365 | +266.2% |
| Trade receivables | 40 | €10,281 | €27,721 | +€17,440 | +169.6% |
| Other amounts receivable | 41 | - | €9,925 | +€9,925 | |
| Cash at bank and in hand | 54/58 | €134,810 | €97,680 | -€37,130 | -27.5% |
| Total equity and liabilities | 10/49 | €145,091 | €159,922 | +€14,831 | +10.2% |
| Equity | 10/15 | €101,934 | €127,719 | +€25,786 | +25.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,934 | €124,719 | +€25,786 | +26.1% |
| Amounts payable | 17/49 | €43,157 | €32,202 | -€10,955 | -25.4% |
| Amounts payable within one year | 42/48 | €43,157 | €32,202 | -€10,955 | -25.4% |
| Trade debts | 44 | - | €49 | +€49 | |
| Suppliers | 440/4 | - | €49 | +€49 | |
| Taxes, remuneration and social security | 45 | €39,343 | €32,154 | -€7,190 | -18.3% |
| Taxes | 450/3 | €36,343 | €29,154 | -€7,190 | -19.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,814 | €0 | -€3,814 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,614 | +€5,614 | |
| Other operating charges | 640/8 | - | €316 | +€316 | |
| Gross operating margin | 9900 | €67,666 | €38,943 | -€28,723 | -42.4% |
| Operating profit (loss) | 9901 | €67,666 | €33,013 | -€34,653 | -51.2% |
| Financial income | 75/76B | - | €386 | +€386 | |
| Recurring financial income | 75 | - | €386 | +€386 | |
| Financial charges | 65/66B | €52 | €57 | +€5 | +9.2% |
| Recurring financial charges | 65 | €52 | €57 | +€5 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €67,614 | €33,342 | -€34,272 | -50.7% |
| Income taxes | 67/77 | €13,921 | €7,556 | -€6,365 | -45.7% |
| Profit (loss) for the period | 9904 | €53,692 | €25,786 | -€27,907 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,692 | €25,786 | -€27,907 | -52.0% |
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 2 October 2026 via checked.be.