Cut Cliff: 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.
Cut Cliff
Largest movements
- Cash +€15,587
up €15,587 (+46.5%), from €33,495 to €49,082
mainly Other debts (+€7,685) and Net result for the year (+€7,338)
- Tangible fixed assets +€1,187
up €1,187 (+103.1%), from €1,152 to €2,339
- Other debts +€7,685
up €7,685 (+752.9%), from €1,021 to €8,706
- Profit (loss) carried forward +€7,338
up €7,338 (+96.2%), from -€7,627 to -€288
- Tax, wage and social debts +€1,733
up €1,733 (+261.7%), from €662 to €2,396
- Gross operating margin -€1,789
down €1,789 (-17.2%), from €10,374 to €8,585
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Depreciation +€182
up €182 (+20.9%), from €873 to €1,055
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 | €37,198 | €54,035 | +€16,837 | +45.3% |
| Fixed assets | 21/28 | €1,152 | €2,339 | +€1,187 | +103.1% |
| Tangible fixed assets | 22/27 | €1,152 | €2,339 | +€1,187 | +103.1% |
| Furniture and vehicles | 24 | €1,152 | €2,339 | +€1,187 | +103.1% |
| Current assets | 29/58 | €36,046 | €51,696 | +€15,650 | +43.4% |
| Amounts receivable within one year | 40/41 | €2,500 | €2,404 | -€96 | -3.8% |
| Other amounts receivable | 41 | €2,500 | €2,404 | -€96 | -3.8% |
| Cash at bank and in hand | 54/58 | €33,495 | €49,082 | +€15,587 | +46.5% |
| Deferred charges and accrued income | 490/1 | €51 | €210 | +€159 | +310.9% |
| Total equity and liabilities | 10/49 | €37,198 | €54,035 | +€16,837 | +45.3% |
| Equity | 10/15 | €35,448 | €42,787 | +€7,338 | +20.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €35,015 | €35,015 | = | 0.0% |
| Distributable reserves | 133 | €35,015 | €35,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,627 | -€288 | +€7,338 | +96.2% |
| Amounts payable | 17/49 | €1,750 | €11,249 | +€9,499 | +542.9% |
| Amounts payable within one year | 42/48 | €1,750 | €11,249 | +€9,499 | +542.9% |
| Trade debts | 44 | €66 | €147 | +€80 | +120.7% |
| Suppliers | 440/4 | €66 | €147 | +€80 | +120.7% |
| Taxes, remuneration and social security | 45 | €662 | €2,396 | +€1,733 | +261.7% |
| Taxes | 450/3 | €662 | €2,396 | +€1,733 | +261.7% |
| Other amounts payable | 47/48 | €1,021 | €8,706 | +€7,685 | +752.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €1,055 | +€182 | +20.9% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €10,374 | €8,585 | -€1,789 | -17.2% |
| Operating profit (loss) | 9901 | €9,039 | €7,530 | -€1,509 | -16.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €96 | €96 | = | 0.0% |
| Recurring financial charges | 65 | €96 | €96 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €8,943 | €7,434 | -€1,509 | -16.9% |
| Income taxes | 67/77 | - | €96 | +€96 | |
| Profit (loss) for the period | 9904 | €8,943 | €7,338 | -€1,605 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,943 | €7,338 | -€1,605 | -17.9% |
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 4 October 2026 via checked.be.