Components: 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.
Components
Largest movements
- Receivables within one year +€8,020
up €8,020 (+23.4%), from €34,245 to €42,264
of which Trade receivables: +€13,933
- Tangible fixed assets +€3,394
new in 2025: €3,394
- Cash -€1,465
down €1,465 (-2.3%), from €64,366 to €62,901
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€8,020)
- Tax, wage and social debts +€7,354
up €7,354 (+66.2%), from €11,109 to €18,463
- Trade debts +€3,540
up €3,540 (+110.4%), from €3,205 to €6,746
- Gross operating margin +€15,645
up €15,645 (+63.0%), from €24,840 to €40,485
- Taxes +€4,104
up €4,104 (+73.7%), from €5,569 to €9,673
- Depreciation +€606
new in 2025: €606
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 | €101,223 | €111,461 | +€10,238 | +10.1% |
| Fixed assets | 21/28 | - | €3,394 | +€3,394 | |
| Tangible fixed assets | 22/27 | - | €3,394 | +€3,394 | |
| Furniture and vehicles | 24 | - | €3,394 | +€3,394 | |
| Current assets | 29/58 | €101,223 | €108,067 | +€6,844 | +6.8% |
| Stocks and contracts in progress | 3 | €2,153 | €2,114 | -€39 | -1.8% |
| Stocks | 30/36 | €2,153 | €2,114 | -€39 | -1.8% |
| Amounts receivable within one year | 40/41 | €34,245 | €42,264 | +€8,020 | +23.4% |
| Trade receivables | 40 | €26,909 | €40,842 | +€13,933 | +51.8% |
| Other amounts receivable | 41 | €7,336 | €1,422 | -€5,913 | -80.6% |
| Cash at bank and in hand | 54/58 | €64,366 | €62,901 | -€1,465 | -2.3% |
| Deferred charges and accrued income | 490/1 | €459 | €788 | +€329 | +71.6% |
| Total equity and liabilities | 10/49 | €101,223 | €111,461 | +€10,238 | +10.1% |
| Equity | 10/15 | €74,309 | €74,152 | -€156 | -0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,109 | €5,952 | -€156 | -2.6% |
| Amounts payable | 17/49 | €26,914 | €37,308 | +€10,394 | +38.6% |
| Amounts payable within one year | 42/48 | €26,914 | €37,308 | +€10,394 | +38.6% |
| Trade debts | 44 | €3,205 | €6,746 | +€3,540 | +110.4% |
| Suppliers | 440/4 | €3,205 | €6,746 | +€3,540 | +110.4% |
| Taxes, remuneration and social security | 45 | €11,109 | €18,463 | +€7,354 | +66.2% |
| Taxes | 450/3 | €11,109 | €18,463 | +€7,354 | +66.2% |
| Other amounts payable | 47/48 | €12,600 | €12,100 | -€500 | -4.0% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €606 | +€606 | |
| Other operating charges | 640/8 | €706 | €635 | -€72 | -10.1% |
| Non-recurring operating charges | 66A | €4,810 | €4,810 | = | 0.0% |
| Gross operating margin | 9900 | €24,840 | €40,485 | +€15,645 | +63.0% |
| Operating profit (loss) | 9901 | €19,324 | €34,434 | +€15,110 | +78.2% |
| Financial income | 75/76B | €280 | €313 | +€33 | +11.8% |
| Recurring financial income | 75 | €280 | €313 | +€33 | +11.8% |
| Financial charges | 65/66B | €133 | €231 | +€98 | +73.9% |
| Recurring financial charges | 65 | €133 | €231 | +€98 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €19,471 | €34,516 | +€15,045 | +77.3% |
| Income taxes | 67/77 | €5,569 | €9,673 | +€4,104 | +73.7% |
| Profit (loss) for the period | 9904 | €13,902 | €24,844 | +€10,941 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,902 | €24,844 | +€10,941 | +78.7% |
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 6 October 2026 via checked.be.