CONSEQUITY: 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.
CONSEQUITY
Largest movements
- Receivables within one year +€82,764
up €82,764 (+87.3%), from €94,791 to €177,555
of which Other amounts receivable: +€81,814
- Cash -€12,130
down €12,130 (-100.0%), from €12,130 to €0
mainly Receivables within one year (-€82,764) and Trade debts (-€932)
- Profit (loss) carried forward +€53,445
up €53,445 (+60.0%), from €89,059 to €142,504
- Tax, wage and social debts +€14,352
up €14,352 (+102.6%), from €13,983 to €28,335
- Short-term financial debts +€3,137
new in 2025: €3,137
- Gross operating margin +€7,878
up €7,878 (+14.3%), from €55,064 to €62,942
- Financial income +€2,410
up €2,410 (+53.4%), from €4,516 to €6,926
of which Financial income: +€2,410
- Taxes +€1,907
up €1,907 (+16.0%), from €11,909 to €13,815
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 | €108,591 | €178,593 | +€70,002 | +64.5% |
| Current assets | 29/58 | €108,591 | €178,593 | +€70,002 | +64.5% |
| Amounts receivable within one year | 40/41 | €94,791 | €177,555 | +€82,764 | +87.3% |
| Trade receivables | 40 | €10,981 | €11,931 | +€950 | +8.7% |
| Other amounts receivable | 41 | €83,810 | €165,624 | +€81,814 | +97.6% |
| Cash at bank and in hand | 54/58 | €12,130 | €0 | -€12,130 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,670 | €1,038 | -€632 | -37.8% |
| Total equity and liabilities | 10/49 | €108,591 | €178,593 | +€70,002 | +64.5% |
| Equity | 10/15 | €91,059 | €144,504 | +€53,445 | +58.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,059 | €142,504 | +€53,445 | +60.0% |
| Amounts payable | 17/49 | €17,532 | €34,088 | +€16,557 | +94.4% |
| Amounts payable within one year | 42/48 | €17,532 | €34,088 | +€16,557 | +94.4% |
| Financial debts | 43 | - | €3,137 | +€3,137 | |
| Credit institutions | 430/8 | - | €3,137 | +€3,137 | |
| Trade debts | 44 | €2,966 | €2,034 | -€932 | -31.4% |
| Suppliers | 440/4 | €2,966 | €2,034 | -€932 | -31.4% |
| Taxes, remuneration and social security | 45 | €13,983 | €28,335 | +€14,352 | +102.6% |
| Taxes | 450/3 | €13,983 | €28,335 | +€14,352 | +102.6% |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €0 | -€0 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €232 | €746 | +€514 | +221.4% |
| Gross operating margin | 9900 | €55,064 | €62,942 | +€7,878 | +14.3% |
| Operating profit (loss) | 9901 | €54,832 | €62,195 | +€7,363 | +13.4% |
| Financial income | 75/76B | €4,516 | €6,926 | +€2,410 | +53.4% |
| Recurring financial income | 75 | €4,516 | €6,926 | +€2,410 | +53.4% |
| Non-recurring financial income | 76B | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €798 | €1,027 | +€229 | +28.7% |
| Recurring financial charges | 65 | €798 | €1,027 | +€229 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €58,550 | €68,094 | +€9,544 | +16.3% |
| Income taxes | 67/77 | €11,909 | €13,815 | +€1,907 | +16.0% |
| Profit (loss) for the period | 9904 | €46,641 | €54,278 | +€7,638 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,641 | €54,278 | +€7,638 | +16.4% |
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 10 October 2026 via checked.be.