DATA TRAIN: 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.
DATA TRAIN
Largest movements
- Receivables within one year +€77,301
up €77,301 (+518.8%), from €14,901 to €92,202
of which Trade receivables: +€79,134
- Cash +€71,438
up €71,438 (+490.5%), from €14,564 to €86,002
mainly Net result for the year (+€92,138) and Current investments (+€25,000)
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Tangible fixed assets -€8,353
down €8,353 (-20.5%), from €40,734 to €32,381
of which Furniture and vehicles: -€10,441
- Profit (loss) carried forward +€92,138
up €92,138 (+141.4%), from €65,175 to €157,313
- Tax, wage and social debts +€23,189
up €23,189 (+92.7%), from €25,025 to €48,214
of which Taxes: +€23,189
- Gross operating margin +€51,705
up €51,705 (+67.8%), from €76,255 to €127,960
- Taxes +€11,317
up €11,317 (+82.3%), from €13,757 to €25,074
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 | €95,300 | €210,657 | +€115,357 | +121.0% |
| Fixed assets | 21/28 | €40,734 | €32,381 | -€8,353 | -20.5% |
| Tangible fixed assets | 22/27 | €40,734 | €32,381 | -€8,353 | -20.5% |
| Plant, machinery and equipment | 23 | €1,497 | €1,097 | -€400 | -26.7% |
| Furniture and vehicles | 24 | €39,237 | €28,796 | -€10,441 | -26.6% |
| Other tangible fixed assets | 26 | - | €2,488 | +€2,488 | |
| Current assets | 29/58 | €54,566 | €178,276 | +€123,710 | +226.7% |
| Amounts receivable within one year | 40/41 | €14,901 | €92,202 | +€77,301 | +518.8% |
| Trade receivables | 40 | €13,068 | €92,202 | +€79,134 | +605.6% |
| Other amounts receivable | 41 | €1,833 | - | -€1,833 | |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €14,564 | €86,002 | +€71,438 | +490.5% |
| Deferred charges and accrued income | 490/1 | €101 | €72 | -€30 | -29.5% |
| Total equity and liabilities | 10/49 | €95,300 | €210,657 | +€115,357 | +121.0% |
| Equity | 10/15 | €68,175 | €160,313 | +€92,138 | +135.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,175 | €157,313 | +€92,138 | +141.4% |
| Amounts payable | 17/49 | €27,125 | €50,343 | +€23,218 | +85.6% |
| Amounts payable within one year | 42/48 | €25,025 | €48,343 | +€23,318 | +93.2% |
| Trade debts | 44 | - | €129 | +€129 | |
| Suppliers | 440/4 | - | €129 | +€129 | |
| Taxes, remuneration and social security | 45 | €25,025 | €48,214 | +€23,189 | +92.7% |
| Taxes | 450/3 | €23,025 | €46,214 | +€23,189 | +100.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,000 | -€100 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,746 | €11,171 | +€425 | +4.0% |
| Gross operating margin | 9900 | €76,255 | €127,960 | +€51,705 | +67.8% |
| Operating profit (loss) | 9901 | €65,509 | €116,788 | +€51,279 | +78.3% |
| Financial income | 75/76B | €29 | €469 | +€440 | +1538.3% |
| Recurring financial income | 75 | €29 | €469 | +€440 | +1538.3% |
| Financial charges | 65/66B | €47 | €45 | -€2 | -3.9% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €65,491 | €117,212 | +€51,721 | +79.0% |
| Income taxes | 67/77 | €13,757 | €25,074 | +€11,317 | +82.3% |
| Profit (loss) for the period | 9904 | €51,734 | €92,138 | +€40,404 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,734 | €92,138 | +€40,404 | +78.1% |
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 2 October 2026 via checked.be.