CTRL-F: 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.
CTRL-F
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+94.8%), from €1.8m to €3.5m
of which Trade receivables: +€1.3m
- Intangible fixed assets -€642,868
down €642,868 (-63.6%), from €1.0m to €367,676
- Tangible fixed assets -€57,335
down €57,335 (-38.1%), from €150,649 to €93,315
of which Furniture and vehicles: -€29,556
- Financial fixed assets +€50,000
up €50,000 (+193.3%), from €25,860 to €75,860
- Tax, wage and social debts +€1.0m
up €1.0m (+200.9%), from €505,224 to €1.5m
of which Remuneration and social security: +€799,367
- Profit (loss) carried forward -€970,422
down €970,422 (-22.5%), from -€4.3m to -€5.3m
- Contributions +€485,813
up €485,813 (+8.8%), from €5.5m to €6.0m
- Trade debts +€299,897
up €299,897 (+87.0%), from €344,896 to €644,793
- Other debts +€205,740
up €205,740 (+157921.3%), from €130 to €205,870
- Gross operating margin +€5.6m
up €5.6m (+194.1%), from €2.9m to €8.4m
- Staff costs +€3.4m
up €3.4m (+101.3%), from €3.4m to €6.8m
- Other operating charges +€1.9m
up €1.9m (+11758.5%), from €16,000 to €1.9m
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 | €3,058,077 | €4,142,362 | +€1.1m | +35.5% |
| Fixed assets | 21/28 | €1,187,053 | €536,851 | -€650,203 | -54.8% |
| Intangible fixed assets | 21 | €1,010,544 | €367,676 | -€642,868 | -63.6% |
| Tangible fixed assets | 22/27 | €150,649 | €93,315 | -€57,335 | -38.1% |
| Plant, machinery and equipment | 23 | €102 | - | -€102 | |
| Furniture and vehicles | 24 | €90,734 | €61,178 | -€29,556 | -32.6% |
| Other tangible fixed assets | 26 | €59,813 | €32,137 | -€27,676 | -46.3% |
| Financial fixed assets | 28 | €25,860 | €75,860 | +€50,000 | +193.3% |
| Current assets | 29/58 | €1,871,023 | €3,605,511 | +€1.7m | +92.7% |
| Amounts receivable within one year | 40/41 | €1,810,233 | €3,527,039 | +€1.7m | +94.8% |
| Trade receivables | 40 | €1,078,610 | €2,355,827 | +€1.3m | +118.4% |
| Other amounts receivable | 41 | €731,623 | €1,171,213 | +€439,590 | +60.1% |
| Cash at bank and in hand | 54/58 | - | €32,824 | +€32,824 | |
| Deferred charges and accrued income | 490/1 | €60,791 | €45,648 | -€15,143 | -24.9% |
| Total equity and liabilities | 10/49 | €3,058,077 | €4,142,362 | +€1.1m | +35.5% |
| Equity | 10/15 | €1,186,770 | €750,743 | -€436,027 | -36.7% |
| Contributions | 10/11 | €5,500,000 | €5,985,813 | +€485,813 | +8.8% |
| Capital | 10 | €5,500,000 | €5,985,813 | +€485,813 | +8.8% |
| Issued capital | 100 | €5,500,000 | €5,985,813 | +€485,813 | +8.8% |
| Reserves | 13 | - | €48,581 | +€48,581 | |
| Non-distributable reserves | 130/1 | - | €48,581 | +€48,581 | |
| Legal reserve | 130 | - | €48,581 | +€48,581 | |
| Profit (loss) carried forward | 14 | -€4,313,230 | -€5,283,651 | -€970,422 | -22.5% |
| Amounts payable | 17/49 | €1,871,306 | €3,391,618 | +€1.5m | +81.2% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €850,250 | €2,371,019 | +€1.5m | +178.9% |
| Trade debts | 44 | €344,896 | €644,793 | +€299,897 | +87.0% |
| Suppliers | 440/4 | €344,896 | €644,793 | +€299,897 | +87.0% |
| Taxes, remuneration and social security | 45 | €505,224 | €1,520,356 | +€1.0m | +200.9% |
| Taxes | 450/3 | €95,608 | €311,372 | +€215,765 | +225.7% |
| Remuneration and social security | 454/9 | €409,617 | €1,208,984 | +€799,367 | +195.1% |
| Other amounts payable | 47/48 | €130 | €205,870 | +€205,740 | +157921.3% |
| Accrued charges and deferred income | 492/3 | €21,056 | €20,600 | -€456 | -2.2% |
| Remuneration, social security and pensions | 62 | €3,380,042 | €6,804,341 | +€3.4m | +101.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756,791 | €736,967 | -€19,824 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,397 | €66,670 | +€68,067 | |
| Other operating charges | 640/8 | €16,000 | €1,897,344 | +€1.9m | +11758.5% |
| Gross operating margin | 9900 | €2,864,680 | €8,425,085 | +€5.6m | +194.1% |
| Operating profit (loss) | 9901 | -€1,286,756 | -€1,080,237 | +€206,519 | +16.0% |
| Financial income | 75/76B | €21,952 | €49,846 | +€27,894 | +127.1% |
| Recurring financial income | 75 | €21,952 | €49,846 | +€27,894 | +127.1% |
| Financial charges | 65/66B | €170,909 | €174,323 | +€3,414 | +2.0% |
| Recurring financial charges | 65 | €170,909 | €174,323 | +€3,414 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,435,713 | -€1,204,713 | +€231,000 | +16.1% |
| Income taxes | 67/77 | €6,971 | €7,159 | +€188 | +2.7% |
| Profit (loss) for the period | 9904 | -€1,442,685 | -€1,211,873 | +€230,812 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,442,685 | -€1,211,873 | +€230,812 | +16.0% |
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.