COO.: 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.
COO.
Largest movements
- Stocks and contracts +€40,000
new in 2025: €40,000
- Cash -€10,927
down €10,927 (-38.6%), from €28,338 to €17,412
mainly Stocks and contracts (-€40,000) and Investment in fixed assets (net) (-€2,465)
- Receivables within one year -€4,672
down €4,672 (-74.2%), from €6,300 to €1,628
- Reserves +€15,000
up €15,000 (+121.0%), from €12,400 to €27,400
- Other debts +€5,904
up €5,904 (+36.9%), from €16,002 to €21,906
- Tax, wage and social debts +€1,484
up €1,484 (+17.1%), from €8,660 to €10,145
- Profit (loss) carried forward +€1,393
up €1,393 (+811.3%), from €172 to €1,564
- Gross operating margin +€9,414
up €9,414 (+62.0%), from €15,192 to €24,607
- Taxes +€1,996
up €1,996 (+72.8%), from €2,742 to €4,738
- Depreciation +€503
up €503 (+21.1%), from €2,387 to €2,890
- Other operating charges -€288
down €288 (-34.7%), from €832 to €544
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 | €43,069 | €67,047 | +€23,977 | +55.7% |
| Fixed assets | 21/28 | €8,431 | €8,007 | -€424 | -5.0% |
| Tangible fixed assets | 22/27 | €8,031 | €7,607 | -€424 | -5.3% |
| Plant, machinery and equipment | 23 | €799 | €399 | -€400 | -50.1% |
| Furniture and vehicles | 24 | €7,232 | €7,208 | -€24 | -0.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €34,638 | €59,040 | +€24,401 | +70.4% |
| Stocks and contracts in progress | 3 | - | €40,000 | +€40,000 | |
| Stocks | 30/36 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €6,300 | €1,628 | -€4,672 | -74.2% |
| Trade receivables | 40 | €6,300 | €1,628 | -€4,672 | -74.2% |
| Cash at bank and in hand | 54/58 | €28,338 | €17,412 | -€10,927 | -38.6% |
| Total equity and liabilities | 10/49 | €43,069 | €67,047 | +€23,977 | +55.7% |
| Equity | 10/15 | €14,072 | €30,464 | +€16,393 | +116.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €12,400 | €27,400 | +€15,000 | +121.0% |
| Distributable reserves | 133 | €12,400 | €27,400 | +€15,000 | +121.0% |
| Profit (loss) carried forward | 14 | €172 | €1,564 | +€1,393 | +811.3% |
| Amounts payable | 17/49 | €28,998 | €36,582 | +€7,584 | +26.2% |
| Amounts payable within one year | 42/48 | €28,998 | €36,582 | +€7,584 | +26.2% |
| Trade debts | 44 | €4,336 | €4,532 | +€196 | +4.5% |
| Suppliers | 440/4 | €4,336 | €4,532 | +€196 | +4.5% |
| Taxes, remuneration and social security | 45 | €8,660 | €10,145 | +€1,484 | +17.1% |
| Taxes | 450/3 | €8,660 | €10,145 | +€1,484 | +17.1% |
| Other amounts payable | 47/48 | €16,002 | €21,906 | +€5,904 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,387 | €2,890 | +€503 | +21.1% |
| Other operating charges | 640/8 | €832 | €544 | -€288 | -34.7% |
| Gross operating margin | 9900 | €15,192 | €24,607 | +€9,414 | +62.0% |
| Operating profit (loss) | 9901 | €11,973 | €21,173 | +€9,200 | +76.8% |
| Financial income | 75/76B | €102 | - | -€102 | |
| Recurring financial income | 75 | €102 | - | -€102 | |
| Financial charges | 65/66B | €52 | €42 | -€10 | -18.6% |
| Recurring financial charges | 65 | €52 | €42 | -€10 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €12,023 | €21,131 | +€9,108 | +75.8% |
| Income taxes | 67/77 | €2,742 | €4,738 | +€1,996 | +72.8% |
| Profit (loss) for the period | 9904 | €9,281 | €16,393 | +€7,112 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,281 | €16,393 | +€7,112 | +76.6% |
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.