CURRENT: 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.
CURRENT
Largest movements
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash +€51,790
up €51,790 (+58.7%), from €88,178 to €139,968
mainly Current investments (+€60,000) and Net result for the year (+€44,231)
- Tangible fixed assets -€26,699
down €26,699 (-9.9%), from €268,364 to €241,665
of which Furniture and vehicles: -€16,294
- Receivables within one year +€13,085
up €13,085 (+259%), from €5,050 to €18,135
of which Trade receivables: +€16,509
- Other debts -€47,920
down €47,920 (-76.2%), from €62,917 to €14,997
- Reserves +€44,231
up €44,231 (+15.1%), from €293,249 to €337,480
- Current portion of long-term debt -€25,782
down €25,782 (-100%), from €25,782 to €0
- Tax, wage and social debts +€7,393
up €7,393 (+47.3%), from €15,614 to €23,007
- Taxes +€5,567
up €5,567 (+43.7%), from €12,751 to €18,318
- Gross operating margin +€2,417
up €2,417 (+2.7%), from €90,302 to €92,719
- Other operating charges -€1,756
down €1,756 (-40.3%), from €4,353 to €2,596
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 | €423,868 | €402,288 | -€21,580 | -5.1% |
| Fixed assets | 21/28 | €268,364 | €241,665 | -€26,699 | -9.9% |
| Tangible fixed assets | 22/27 | €268,364 | €241,665 | -€26,699 | -9.9% |
| Land and buildings | 22 | €195,121 | €189,424 | -€5,697 | -2.9% |
| Furniture and vehicles | 24 | €53,737 | €37,443 | -€16,294 | -30.3% |
| Other tangible fixed assets | 26 | €19,505 | €14,797 | -€4,708 | -24.1% |
| Current assets | 29/58 | €155,504 | €160,623 | +€5,119 | +3.3% |
| Amounts receivable within one year | 40/41 | €5,050 | €18,135 | +€13,085 | +259% |
| Trade receivables | 40 | €832 | €17,342 | +€16,509 | +1,983% |
| Other amounts receivable | 41 | €4,218 | €794 | -€3,424 | -81.2% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €88,178 | €139,968 | +€51,790 | +58.7% |
| Deferred charges and accrued income | 490/1 | €2,275 | €2,520 | +€245 | +10.7% |
| Total equity and liabilities | 10/49 | €423,868 | €402,288 | -€21,580 | -5.1% |
| Equity | 10/15 | €311,849 | €356,080 | +€44,231 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,249 | €337,480 | +€44,231 | +15.1% |
| Distributable reserves | 133 | €293,249 | €337,480 | +€44,231 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €112,019 | €46,208 | -€65,811 | -58.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €111,241 | €43,468 | -€67,774 | -60.9% |
| Current portion of amounts payable after more than one year | 42 | €25,782 | €0 | -€25,782 | -100% |
| Trade debts | 44 | €6,929 | €5,464 | -€1,465 | -21.1% |
| Suppliers | 440/4 | €6,929 | €5,464 | -€1,465 | -21.1% |
| Taxes, remuneration and social security | 45 | €15,614 | €23,007 | +€7,393 | +47.3% |
| Taxes | 450/3 | €15,614 | €23,007 | +€7,393 | +47.3% |
| Other amounts payable | 47/48 | €62,917 | €14,997 | -€47,920 | -76.2% |
| Accrued charges and deferred income | 492/3 | €777 | €2,740 | +€1,963 | +253% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,989 | €28,111 | +€123 | +0.4% |
| Other operating charges | 640/8 | €4,353 | €2,596 | -€1,756 | -40.3% |
| Gross operating margin | 9900 | €90,302 | €92,719 | +€2,417 | +2.7% |
| Operating profit (loss) | 9901 | €57,960 | €62,011 | +€4,051 | +7.0% |
| Financial income | 75/76B | €1,814 | €1,117 | -€697 | -38.4% |
| Recurring financial income | 75 | €1,814 | €1,117 | -€697 | -38.4% |
| Financial charges | 65/66B | €901 | €579 | -€321 | -35.7% |
| Recurring financial charges | 65 | €901 | €579 | -€321 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €58,874 | €62,549 | +€3,675 | +6.2% |
| Income taxes | 67/77 | €12,751 | €18,318 | +€5,567 | +43.7% |
| Profit (loss) for the period | 9904 | €46,123 | €44,231 | -€1,892 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,123 | €44,231 | -€1,892 | -4.1% |
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 25 October 2026 via checked.be.