COMMUNICATION CHAIN: 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.
COMMUNICATION CHAIN
Largest movements
- Cash +€38,583
up €38,583 (+67.0%), from €57,553 to €96,136
mainly Net result for the year (+€33,458) and Receivables within one year (+€5,073)
- Receivables within one year -€5,073
down €5,073 (-78.7%), from €6,449 to €1,376
of which Trade receivables: -€3,014
- Tangible fixed assets +€2,830
up €2,830 (+125%), from €2,266 to €5,096
of which Furniture and vehicles: +€1,712
- Reserves +€33,458
up €33,458 (+63.9%), from €52,396 to €85,854
- Trade debts +€4,236
up €4,236 (+74.4%), from €5,695 to €9,931
- Other debts -€1,476
down €1,476 (-20.4%), from €7,245 to €5,769
- Gross operating margin +€7,094
up €7,094 (+18.6%), from €38,199 to €45,294
- Taxes +€1,261
up €1,261 (+16.9%), from €7,480 to €8,742
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 | €66,336 | €102,680 | +€36,344 | +54.8% |
| Fixed assets | 21/28 | €2,266 | €5,096 | +€2,830 | +125% |
| Tangible fixed assets | 22/27 | €2,266 | €5,096 | +€2,830 | +125% |
| Plant, machinery and equipment | 23 | - | €1,118 | +€1,118 | |
| Furniture and vehicles | 24 | €2,266 | €3,979 | +€1,712 | +75.6% |
| Current assets | 29/58 | €64,070 | €97,584 | +€33,514 | +52.3% |
| Amounts receivable within one year | 40/41 | €6,449 | €1,376 | -€5,073 | -78.7% |
| Trade receivables | 40 | €3,014 | - | -€3,014 | |
| Other amounts receivable | 41 | €3,435 | €1,376 | -€2,059 | -59.9% |
| Cash at bank and in hand | 54/58 | €57,553 | €96,136 | +€38,583 | +67.0% |
| Deferred charges and accrued income | 490/1 | €68 | €71 | +€3 | +4.8% |
| Total equity and liabilities | 10/49 | €66,336 | €102,680 | +€36,344 | +54.8% |
| Equity | 10/15 | €53,396 | €86,854 | +€33,458 | +62.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €52,396 | €85,854 | +€33,458 | +63.9% |
| Distributable reserves | 133 | €52,396 | €85,854 | +€33,458 | +63.9% |
| Amounts payable | 17/49 | €12,940 | €15,826 | +€2,886 | +22.3% |
| Amounts payable within one year | 42/48 | €12,940 | €15,826 | +€2,886 | +22.3% |
| Trade debts | 44 | €5,695 | €9,931 | +€4,236 | +74.4% |
| Suppliers | 440/4 | €5,695 | €9,931 | +€4,236 | +74.4% |
| Taxes, remuneration and social security | 45 | - | €126 | +€126 | |
| Taxes | 450/3 | - | €126 | +€126 | |
| Other amounts payable | 47/48 | €7,245 | €5,769 | -€1,476 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,063 | €2,399 | +€336 | +16.3% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €38,199 | €45,294 | +€7,094 | +18.6% |
| Operating profit (loss) | 9901 | €36,010 | €42,766 | +€6,757 | +18.8% |
| Financial income | 75/76B | €47 | €6 | -€41 | -87.0% |
| Recurring financial income | 75 | €47 | €6 | -€41 | -87.0% |
| Financial charges | 65/66B | €158 | €573 | +€414 | +262% |
| Recurring financial charges | 65 | €158 | €573 | +€414 | +262% |
| Profit (loss) for the period before taxes | 9903 | €35,899 | €42,200 | +€6,301 | +17.6% |
| Income taxes | 67/77 | €7,480 | €8,742 | +€1,261 | +16.9% |
| Profit (loss) for the period | 9904 | €28,418 | €33,458 | +€5,040 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,418 | €33,458 | +€5,040 | +17.7% |
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 17 October 2026 via checked.be.