Day One: 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.
Day One
Largest movements
- Cash +€9,138
up €9,138 (+182.7%), from €5,002 to €14,140
mainly Net result for the year (+€27,568) and Depreciation (+€12,444)
- Receivables within one year +€8,653
up €8,653 (+14.4%), from €60,213 to €68,866
of which Trade receivables: +€5,588
- Tangible fixed assets +€8,552
up €8,552 (+21.7%), from €39,468 to €48,020
of which Land and buildings: +€13,605
- Deferred charges and accrued income +€3,804
up €3,804 (+888.4%), from €428 to €4,233
- Reserves +€27,568
up €27,568 (+1482.2%), from €1,860 to €29,428
of which Distributable reserves: +€27,568
- Trade debts +€7,157
up €7,157 (+840.9%), from €851 to €8,008
- Other debts -€4,332
down €4,332 (-100.0%), from €4,332 to €0
- Accrued charges and deferred income -€3,830
no longer reported in 2025 (was €3,830)
- Tax, wage and social debts +€3,585
up €3,585 (+172.3%), from €2,081 to €5,666
- Gross operating margin +€25,729
up €25,729 (+113.6%), from €22,647 to €48,376
- Other operating charges +€6,191
up €6,191 (+4419.9%), from €140 to €6,331
- Taxes +€1,480
new in 2025: €1,480
- Depreciation -€1,307
down €1,307 (-9.5%), from €13,751 to €12,444
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 | €105,341 | €135,489 | +€30,148 | +28.6% |
| Fixed assets | 21/28 | €39,698 | €48,250 | +€8,552 | +21.5% |
| Tangible fixed assets | 22/27 | €39,468 | €48,020 | +€8,552 | +21.7% |
| Land and buildings | 22 | €17,792 | €31,397 | +€13,605 | +76.5% |
| Plant, machinery and equipment | 23 | €13,351 | €9,825 | -€3,526 | -26.4% |
| Furniture and vehicles | 24 | €8,325 | €6,798 | -€1,527 | -18.3% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €65,643 | €87,239 | +€21,595 | +32.9% |
| Amounts receivable within one year | 40/41 | €60,213 | €68,866 | +€8,653 | +14.4% |
| Trade receivables | 40 | €60,213 | €65,801 | +€5,588 | +9.3% |
| Other amounts receivable | 41 | - | €3,065 | +€3,065 | |
| Cash at bank and in hand | 54/58 | €5,002 | €14,140 | +€9,138 | +182.7% |
| Deferred charges and accrued income | 490/1 | €428 | €4,233 | +€3,804 | +888.4% |
| Total equity and liabilities | 10/49 | €105,341 | €135,489 | +€30,148 | +28.6% |
| Equity | 10/15 | €84,247 | €111,815 | +€27,568 | +32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €29,428 | +€27,568 | +1482.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €27,568 | +€27,568 | |
| Profit (loss) carried forward | 14 | €63,787 | €63,787 | = | 0.0% |
| Amounts payable | 17/49 | €21,094 | €23,674 | +€2,579 | +12.2% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,264 | €13,674 | +€6,409 | +88.2% |
| Trade debts | 44 | €851 | €8,008 | +€7,157 | +840.9% |
| Suppliers | 440/4 | €851 | €8,008 | +€7,157 | +840.9% |
| Taxes, remuneration and social security | 45 | €2,081 | €5,666 | +€3,585 | +172.3% |
| Taxes | 450/3 | €2,081 | €5,666 | +€3,585 | +172.3% |
| Other amounts payable | 47/48 | €4,332 | €0 | -€4,332 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,830 | - | -€3,830 | |
| Non-recurring operating income | 76A | - | €3,830 | +€3,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,751 | €12,444 | -€1,307 | -9.5% |
| Other operating charges | 640/8 | €140 | €6,331 | +€6,191 | +4419.9% |
| Gross operating margin | 9900 | €22,647 | €48,376 | +€25,729 | +113.6% |
| Operating profit (loss) | 9901 | €8,756 | €29,601 | +€20,845 | +238.1% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €144 | €577 | +€433 | +300.6% |
| Recurring financial charges | 65 | €144 | €577 | +€433 | +300.6% |
| Profit (loss) for the period before taxes | 9903 | €8,612 | €29,048 | +€20,437 | +237.3% |
| Income taxes | 67/77 | - | €1,480 | +€1,480 | |
| Profit (loss) for the period | 9904 | €8,612 | €27,568 | +€18,956 | +220.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,612 | €27,568 | +€18,956 | +220.1% |
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 11 October 2026 via checked.be.