Concept island: 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.
Concept island
Largest movements
- Cash +€47,604
up €47,604 (+149%), from €31,995 to €79,599
mainly Net result for the year (+€42,422) and Receivables within one year (+€16,840)
- Receivables within one year -€16,840
down €16,840 (-35.0%), from €48,062 to €31,223
of which Trade receivables: -€15,747
- Tangible fixed assets +€9,635
up €9,635 (+178%), from €5,400 to €15,035
of which Other tangible fixed assets: +€11,282
- Profit (loss) carried forward +€42,345
up €42,345 (+58.4%), from €72,452 to €114,797
- Trade debts -€12,034
down €12,034 (-73.5%), from €16,377 to €4,344
- Tax, wage and social debts +€5,465
up €5,465 (+51.3%), from €10,643 to €16,108
- Current portion of long-term debt +€4,182
up €4,182 (+139%), from €3,000 to €7,182
- Other debts +€2,747
up €2,747 (+42.1%), from €6,521 to €9,268
- Gross operating margin +€34,176
up €34,176 (+119%), from €28,670 to €62,846
- Taxes +€6,559
up €6,559 (+113%), from €5,788 to €12,346
- Depreciation +€5,222
up €5,222 (+298%), from €1,754 to €6,977
- Other operating charges +€721
up €721 (+140%), from €517 to €1,237
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 | €112,546 | €154,199 | +€41,653 | +37.0% |
| Fixed assets | 21/28 | €31,817 | €42,137 | +€10,319 | +32.4% |
| Tangible fixed assets | 22/27 | €5,400 | €15,035 | +€9,635 | +178% |
| Plant, machinery and equipment | 23 | €3,780 | €2,134 | -€1,647 | -43.6% |
| Other tangible fixed assets | 26 | €1,620 | €12,902 | +€11,282 | +696% |
| Financial fixed assets | 28 | €26,417 | €27,101 | +€684 | +2.6% |
| Current assets | 29/58 | €80,729 | €112,063 | +€31,334 | +38.8% |
| Amounts receivable within one year | 40/41 | €48,062 | €31,223 | -€16,840 | -35.0% |
| Trade receivables | 40 | €46,970 | €31,223 | -€15,747 | -33.5% |
| Other amounts receivable | 41 | €1,092 | €0 | -€1,092 | -100% |
| Cash at bank and in hand | 54/58 | €31,995 | €79,599 | +€47,604 | +149% |
| Deferred charges and accrued income | 490/1 | €672 | €1,241 | +€570 | +84.8% |
| Total equity and liabilities | 10/49 | €112,546 | €154,199 | +€41,653 | +37.0% |
| Equity | 10/15 | €74,952 | €117,297 | +€42,345 | +56.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,452 | €114,797 | +€42,345 | +58.4% |
| Amounts payable | 17/49 | €37,594 | €36,902 | -€692 | -1.8% |
| Amounts payable within one year | 42/48 | €37,594 | €36,902 | -€692 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €7,182 | +€4,182 | +139% |
| Financial debts | 43 | €1,052 | €0 | -€1,052 | -100% |
| Credit institutions | 430/8 | €1,052 | €0 | -€1,052 | -100% |
| Trade debts | 44 | €16,377 | €4,344 | -€12,034 | -73.5% |
| Suppliers | 440/4 | €16,377 | €4,344 | -€12,034 | -73.5% |
| Taxes, remuneration and social security | 45 | €10,643 | €16,108 | +€5,465 | +51.3% |
| Taxes | 450/3 | €10,643 | €16,108 | +€5,465 | +51.3% |
| Other amounts payable | 47/48 | €6,521 | €9,268 | +€2,747 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,754 | €6,977 | +€5,222 | +298% |
| Other operating charges | 640/8 | €517 | €1,237 | +€721 | +140% |
| Non-recurring operating charges | 66A | €1,051 | €0 | -€1,051 | -100% |
| Gross operating margin | 9900 | €28,670 | €62,846 | +€34,176 | +119% |
| Operating profit (loss) | 9901 | €25,349 | €54,632 | +€29,283 | +116% |
| Financial income | 75/76B | €773 | €861 | +€88 | +11.4% |
| Recurring financial income | 75 | €773 | €861 | +€88 | +11.4% |
| Financial charges | 65/66B | €759 | €725 | -€34 | -4.5% |
| Recurring financial charges | 65 | €759 | €725 | -€34 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €25,363 | €54,769 | +€29,406 | +116% |
| Income taxes | 67/77 | €5,788 | €12,346 | +€6,559 | +113% |
| Profit (loss) for the period | 9904 | €19,575 | €42,422 | +€22,847 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €19,575 | €42,422 | +€22,847 | +117% |
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.