CORPORATE CONCEPT: 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.
CORPORATE CONCEPT
Largest movements
- Cash +€187,899
up €187,899 (+65.3%), from €287,934 to €475,834
mainly Net result for the year (+€94,706) and Receivables within one year (+€48,000)
- Receivables within one year -€48,000
down €48,000 (-80.0%), from €60,000 to €12,000
of which Trade receivables: -€52,900
- Stocks and contracts -€12,274
no longer reported in 2025 (was €12,274)
- Tangible fixed assets +€6,061
new in 2025: €6,061
- Reserves +€94,706
up €94,706 (+45.8%), from €206,575 to €301,280
- Trade debts +€29,789
up €29,789 (+152.3%), from €19,559 to €49,348
- Tax, wage and social debts +€10,597
up €10,597 (+29.1%), from €36,451 to €47,048
- Gross operating margin -€50,829
down €50,829 (-26.3%), from €193,505 to €142,676
- Taxes -€16,862
down €16,862 (-27.2%), from €61,962 to €45,100
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 | €361,223 | €494,983 | +€133,759 | +37.0% |
| Fixed assets | 21/28 | - | €6,061 | +€6,061 | |
| Tangible fixed assets | 22/27 | - | €6,061 | +€6,061 | |
| Furniture and vehicles | 24 | - | €6,061 | +€6,061 | |
| Current assets | 29/58 | €361,223 | €488,922 | +€127,699 | +35.4% |
| Stocks and contracts in progress | 3 | €12,274 | - | -€12,274 | |
| Stocks | 30/36 | €12,274 | - | -€12,274 | |
| Amounts receivable within one year | 40/41 | €60,000 | €12,000 | -€48,000 | -80.0% |
| Trade receivables | 40 | €60,000 | €7,100 | -€52,900 | -88.2% |
| Other amounts receivable | 41 | - | €4,900 | +€4,900 | |
| Cash at bank and in hand | 54/58 | €287,934 | €475,834 | +€187,899 | +65.3% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,089 | +€74 | +7.3% |
| Total equity and liabilities | 10/49 | €361,223 | €494,983 | +€133,759 | +37.0% |
| Equity | 10/15 | €243,759 | €338,464 | +€94,706 | +38.9% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €206,575 | €301,280 | +€94,706 | +45.8% |
| Distributable reserves | 133 | €206,575 | €301,280 | +€94,706 | +45.8% |
| Amounts payable | 17/49 | €117,465 | €156,519 | +€39,054 | +33.2% |
| Amounts payable within one year | 42/48 | €117,465 | €156,519 | +€39,054 | +33.2% |
| Trade debts | 44 | €19,559 | €49,348 | +€29,789 | +152.3% |
| Suppliers | 440/4 | €19,559 | €49,348 | +€29,789 | +152.3% |
| Taxes, remuneration and social security | 45 | €36,451 | €47,048 | +€10,597 | +29.1% |
| Taxes | 450/3 | €36,451 | €47,048 | +€10,597 | +29.1% |
| Other amounts payable | 47/48 | €61,456 | €60,123 | -€1,333 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,239 | +€1,239 | |
| Other operating charges | 640/8 | €1,405 | €1,461 | +€57 | +4.0% |
| Gross operating margin | 9900 | €193,505 | €142,676 | -€50,829 | -26.3% |
| Operating profit (loss) | 9901 | €192,100 | €139,975 | -€52,125 | -27.1% |
| Financial charges | 65/66B | -€0 | €169 | +€170 | |
| Recurring financial charges | 65 | -€0 | €169 | +€170 | |
| Profit (loss) for the period before taxes | 9903 | €192,100 | €139,806 | -€52,295 | -27.2% |
| Income taxes | 67/77 | €61,962 | €45,100 | -€16,862 | -27.2% |
| Profit (loss) for the period | 9904 | €130,138 | €94,706 | -€35,433 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €130,138 | €94,706 | -€35,433 | -27.2% |
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.