Cut the Cake: 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.
Cut the Cake
Largest movements
- Receivables within one year +€18,260
up €18,260 (+738%), from €2,475 to €20,735
of which Trade receivables: +€19,000
- Cash +€3,878
up €3,878 (+5.8%), from €66,672 to €70,550
mainly Net result for the year (+€13,721) and Tax, wage and social debts (+€9,633)
- Profit (loss) carried forward +€13,721
up €13,721 (+23.5%), from €58,344 to €72,065
- Tax, wage and social debts +€9,633
up €9,633 (+83.7%), from €11,512 to €21,145
- Other debts -€1,002
no longer reported in 2025 (was €1,002)
- Gross operating margin -€17,328
down €17,328 (-46.3%), from €37,438 to €20,109
- Taxes -€3,661
down €3,661 (-45.9%), from €7,982 to €4,321
- Financial charges -€439
down €439 (-29.0%), from €1,512 to €1,074
- Other operating charges +€425
up €425 (+252%), from €169 to €594
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 | €73,360 | €95,632 | +€22,272 | +30.4% |
| Fixed assets | 21/28 | €959 | €560 | -€400 | -41.7% |
| Tangible fixed assets | 22/27 | €959 | €560 | -€400 | -41.7% |
| Plant, machinery and equipment | 23 | €959 | €560 | -€400 | -41.7% |
| Current assets | 29/58 | €72,400 | €95,073 | +€22,672 | +31.3% |
| Amounts receivable within one year | 40/41 | €2,475 | €20,735 | +€18,260 | +738% |
| Trade receivables | 40 | - | €19,000 | +€19,000 | |
| Other amounts receivable | 41 | €2,475 | €1,735 | -€740 | -29.9% |
| Cash at bank and in hand | 54/58 | €66,672 | €70,550 | +€3,878 | +5.8% |
| Deferred charges and accrued income | 490/1 | €3,253 | €3,787 | +€534 | +16.4% |
| Total equity and liabilities | 10/49 | €73,360 | €95,632 | +€22,272 | +30.4% |
| Equity | 10/15 | €60,344 | €74,065 | +€13,721 | +22.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,344 | €72,065 | +€13,721 | +23.5% |
| Amounts payable | 17/49 | €13,016 | €21,567 | +€8,551 | +65.7% |
| Amounts payable within one year | 42/48 | €13,016 | €21,567 | +€8,551 | +65.7% |
| Trade debts | 44 | €503 | €423 | -€80 | -16.0% |
| Suppliers | 440/4 | €503 | €423 | -€80 | -16.0% |
| Taxes, remuneration and social security | 45 | €11,512 | €21,145 | +€9,633 | +83.7% |
| Taxes | 450/3 | €11,512 | €21,145 | +€9,633 | +83.7% |
| Other amounts payable | 47/48 | €1,002 | - | -€1,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €400 | +€170 | +74.4% |
| Other operating charges | 640/8 | €169 | €594 | +€425 | +252% |
| Gross operating margin | 9900 | €37,438 | €20,109 | -€17,328 | -46.3% |
| Operating profit (loss) | 9901 | €37,040 | €19,116 | -€17,924 | -48.4% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,512 | €1,074 | -€439 | -29.0% |
| Recurring financial charges | 65 | €1,512 | €1,074 | -€439 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €35,534 | €18,042 | -€17,492 | -49.2% |
| Income taxes | 67/77 | €7,982 | €4,321 | -€3,661 | -45.9% |
| Profit (loss) for the period | 9904 | €27,553 | €13,721 | -€13,831 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,553 | €13,721 | -€13,831 | -50.2% |
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 24 October 2026 via checked.be.