DE IT SHERPA: 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.
DE IT SHERPA
Largest movements
- Cash +€39,828
up €39,828 (+14.2%), from €279,644 to €319,472
mainly Other debts (+€111,901) and Net result for the year (+€90,709)
- Receivables within one year +€22,624
up €22,624 (+218%), from €10,365 to €32,990
of which Trade receivables: +€20,850
- Other debts +€111,901
up €111,901 (+239%), from €46,780 to €158,682
- Reserves -€64,791
down €64,791 (-27.9%), from €232,621 to €167,830
- Tax, wage and social debts +€12,721
up €12,721 (+108%), from €11,833 to €24,554
of which Taxes: +€9,744
- Gross operating margin +€38,167
up €38,167 (+48.8%), from €78,281 to €116,449
- Taxes +€2,864
up €2,864 (+13.3%), from €21,462 to €24,326
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 | €294,170 | €355,965 | +€61,795 | +21.0% |
| Fixed assets | 21/28 | €2,963 | €2,408 | -€555 | -18.7% |
| Tangible fixed assets | 22/27 | €2,963 | €1,758 | -€1,205 | -40.7% |
| Furniture and vehicles | 24 | €2,963 | €1,758 | -€1,205 | -40.7% |
| Financial fixed assets | 28 | - | €650 | +€650 | |
| Current assets | 29/58 | €291,207 | €353,557 | +€62,350 | +21.4% |
| Amounts receivable within one year | 40/41 | €10,365 | €32,990 | +€22,624 | +218% |
| Trade receivables | 40 | €10,365 | €31,216 | +€20,850 | +201% |
| Other amounts receivable | 41 | - | €1,774 | +€1,774 | |
| Cash at bank and in hand | 54/58 | €279,644 | €319,472 | +€39,828 | +14.2% |
| Deferred charges and accrued income | 490/1 | €1,198 | €1,095 | -€102 | -8.6% |
| Total equity and liabilities | 10/49 | €294,170 | €355,965 | +€61,795 | +21.0% |
| Equity | 10/15 | €234,621 | €169,830 | -€64,791 | -27.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €232,621 | €167,830 | -€64,791 | -27.9% |
| Distributable reserves | 133 | €232,621 | €167,830 | -€64,791 | -27.9% |
| Amounts payable | 17/49 | €59,549 | €186,135 | +€126,586 | +213% |
| Amounts payable within one year | 42/48 | €59,418 | €185,815 | +€126,397 | +213% |
| Trade debts | 44 | €805 | €2,580 | +€1,775 | +221% |
| Suppliers | 440/4 | €805 | €2,580 | +€1,775 | +221% |
| Taxes, remuneration and social security | 45 | €11,833 | €24,554 | +€12,721 | +108% |
| Taxes | 450/3 | €8,872 | €18,616 | +€9,744 | +110% |
| Remuneration and social security | 454/9 | €2,960 | €5,937 | +€2,977 | +101% |
| Other amounts payable | 47/48 | €46,780 | €158,682 | +€111,901 | +239% |
| Accrued charges and deferred income | 492/3 | €131 | €320 | +€189 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,208 | €1,205 | -€3 | -0.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €78,281 | €116,449 | +€38,167 | +48.8% |
| Operating profit (loss) | 9901 | €76,687 | €114,844 | +€38,157 | +49.8% |
| Financial income | 75/76B | €537 | €447 | -€90 | -16.8% |
| Recurring financial income | 75 | €537 | €447 | -€90 | -16.8% |
| Financial charges | 65/66B | €124 | €255 | +€132 | +106% |
| Recurring financial charges | 65 | €124 | €255 | +€132 | +106% |
| Profit (loss) for the period before taxes | 9903 | €77,100 | €115,035 | +€37,936 | +49.2% |
| Income taxes | 67/77 | €21,462 | €24,326 | +€2,864 | +13.3% |
| Profit (loss) for the period | 9904 | €55,637 | €90,709 | +€35,072 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,637 | €90,709 | +€35,072 | +63.0% |
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 30 October 2026 via checked.be.