COM HERE: 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.
COM HERE
Largest movements
- Cash +€45,136
up €45,136 (+296.5%), from €15,222 to €60,359
mainly Net result for the year (+€25,299) and Trade debts (+€22,625)
- Tangible fixed assets +€14,166
up €14,166 (+31.9%), from €44,432 to €58,598
of which Plant, machinery and equipment: +€15,776
- Receivables within one year -€10,219
down €10,219 (-36.6%), from €27,895 to €17,676
- Stocks and contracts +€1,976
up €1,976 (+21.1%), from €9,349 to €11,325
- Profit (loss) carried forward +€25,299
up €25,299 (+129.8%), from €19,497 to €44,796
- Trade debts +€22,625
up €22,625 (+534.9%), from €4,230 to €26,854
- Tax, wage and social debts +€7,300
up €7,300 (+75.7%), from €9,640 to €16,940
- Debts after one year -€4,859
down €4,859 (-74.3%), from €6,537 to €1,678
- Gross operating margin +€30,094
up €30,094 (+128.3%), from €23,460 to €53,554
- Taxes +€5,316
up €5,316 (+159.5%), from €3,333 to €8,649
- Other operating charges +€4,350
up €4,350 (+181.8%), from €2,392 to €6,742
- Depreciation +€2,295
up €2,295 (+23.0%), from €9,960 to €12,255
- Financial income -€682
down €682 (-99.0%), from €689 to €7
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 | €97,538 | €148,382 | +€50,843 | +52.1% |
| Formation expenses | 20 | €632 | €424 | -€208 | -33.0% |
| Fixed assets | 21/28 | €44,432 | €58,598 | +€14,166 | +31.9% |
| Tangible fixed assets | 22/27 | €44,432 | €58,598 | +€14,166 | +31.9% |
| Plant, machinery and equipment | 23 | €30,188 | €45,964 | +€15,776 | +52.3% |
| Other tangible fixed assets | 26 | €14,244 | €12,634 | -€1,610 | -11.3% |
| Current assets | 29/58 | €52,474 | €89,360 | +€36,886 | +70.3% |
| Stocks and contracts in progress | 3 | €9,349 | €11,325 | +€1,976 | +21.1% |
| Stocks | 30/36 | €9,349 | €11,325 | +€1,976 | +21.1% |
| Amounts receivable within one year | 40/41 | €27,895 | €17,676 | -€10,219 | -36.6% |
| Trade receivables | 40 | €27,895 | €17,676 | -€10,219 | -36.6% |
| Cash at bank and in hand | 54/58 | €15,222 | €60,359 | +€45,136 | +296.5% |
| Deferred charges and accrued income | 490/1 | €8 | - | -€8 | |
| Total equity and liabilities | 10/49 | €97,538 | €148,382 | +€50,843 | +52.1% |
| Equity | 10/15 | €21,497 | €46,796 | +€25,299 | +117.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,497 | €44,796 | +€25,299 | +129.8% |
| Amounts payable | 17/49 | €76,041 | €101,585 | +€25,544 | +33.6% |
| Amounts payable after more than one year | 17 | €6,537 | €1,678 | -€4,859 | -74.3% |
| Financial debts | 170/4 | €6,537 | €1,678 | -€4,859 | -74.3% |
| Amounts payable within one year | 42/48 | €69,504 | €99,907 | +€30,404 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €4,608 | €4,859 | +€251 | +5.5% |
| Trade debts | 44 | €4,230 | €26,854 | +€22,625 | +534.9% |
| Suppliers | 440/4 | €4,230 | €26,854 | +€22,625 | +534.9% |
| Taxes, remuneration and social security | 45 | €9,640 | €16,940 | +€7,300 | +75.7% |
| Taxes | 450/3 | €9,640 | €16,940 | +€7,300 | +75.7% |
| Other amounts payable | 47/48 | €51,026 | €51,254 | +€228 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,960 | €12,255 | +€2,295 | +23.0% |
| Other operating charges | 640/8 | €2,392 | €6,742 | +€4,350 | +181.8% |
| Gross operating margin | 9900 | €23,460 | €53,554 | +€30,094 | +128.3% |
| Operating profit (loss) | 9901 | €11,107 | €34,557 | +€23,450 | +211.1% |
| Financial income | 75/76B | €689 | €7 | -€682 | -99.0% |
| Recurring financial income | 75 | €689 | €7 | -€682 | -99.0% |
| Financial charges | 65/66B | €1,003 | €616 | -€387 | -38.6% |
| Recurring financial charges | 65 | €1,003 | €616 | -€387 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €10,793 | €33,948 | +€23,155 | +214.5% |
| Income taxes | 67/77 | €3,333 | €8,649 | +€5,316 | +159.5% |
| Profit (loss) for the period | 9904 | €7,461 | €25,299 | +€17,838 | +239.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,461 | €25,299 | +€17,838 | +239.1% |
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 3 October 2026 via checked.be.