DEBET - CREDIT: 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.
DEBET - CREDIT
Largest movements
- Cash +€41,848
up €41,848 (+96.0%), from €43,595 to €85,443
mainly Net result for the year (+€56,945) and Other debts (+€29,693)
- Tangible fixed assets +€20,933
up €20,933 (+102%), from €20,505 to €41,437
of which Land and buildings: +€28,233
- Current investments -€12,000
down €12,000 (-8.1%), from €148,000 to €136,000
- Other debts +€29,693
up €29,693 (+486%), from €6,113 to €35,806
- Reserves +€21,945
up €21,945 (+10.4%), from €211,314 to €233,260
of which Distributable reserves: +€21,945
- Trade debts +€6,780
up €6,780 (+175%), from €3,874 to €10,653
- Gross operating margin +€10,714
up €10,714 (+12.7%), from €84,439 to €95,153
- Financial charges +€5,778
up €5,778 (+89.7%), from €6,443 to €12,222
of which Non-recurring financial charges: +€11,673
- Other operating charges -€3,487
down €3,487 (-78.0%), from €4,473 to €986
- Taxes +€1,897
up €1,897 (+10.1%), from €18,777 to €20,674
- Financial income +€1,182
up €1,182 (+23.2%), from €5,097 to €6,279
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 | €262,924 | €315,005 | +€52,081 | +19.8% |
| Fixed assets | 21/28 | €20,505 | €41,437 | +€20,933 | +102% |
| Tangible fixed assets | 22/27 | €20,505 | €41,437 | +€20,933 | +102% |
| Land and buildings | 22 | €1,365 | €29,598 | +€28,233 | +2,069% |
| Plant, machinery and equipment | 23 | €491 | €2,377 | +€1,886 | +384% |
| Furniture and vehicles | 24 | €18,649 | €9,463 | -€9,186 | -49.3% |
| Current assets | 29/58 | €242,419 | €273,568 | +€31,148 | +12.8% |
| Amounts receivable after more than one year | 29 | €650 | - | -€650 | |
| Other amounts receivable | 291 | €650 | - | -€650 | |
| Amounts receivable within one year | 40/41 | €49,146 | €52,125 | +€2,979 | +6.1% |
| Trade receivables | 40 | €49,146 | €52,125 | +€2,979 | +6.1% |
| Current investments | 50/53 | €148,000 | €136,000 | -€12,000 | -8.1% |
| Cash at bank and in hand | 54/58 | €43,595 | €85,443 | +€41,848 | +96.0% |
| Deferred charges and accrued income | 490/1 | €1,029 | - | -€1,029 | |
| Total equity and liabilities | 10/49 | €262,924 | €315,005 | +€52,081 | +19.8% |
| Equity | 10/15 | €233,387 | €255,332 | +€21,945 | +9.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €211,314 | €233,260 | +€21,945 | +10.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €209,455 | €231,400 | +€21,945 | +10.5% |
| Profit (loss) carried forward | 14 | €3,481 | €3,481 | = | 0.0% |
| Amounts payable | 17/49 | €29,537 | €59,673 | +€30,136 | +102% |
| Amounts payable after more than one year | 17 | €1,023 | - | -€1,023 | |
| Financial debts | 170/4 | €1,023 | - | -€1,023 | |
| Amounts payable within one year | 42/48 | €28,515 | €59,673 | +€31,158 | +109% |
| Current portion of amounts payable after more than one year | 42 | €4,067 | €1,023 | -€3,044 | -74.9% |
| Trade debts | 44 | €3,874 | €10,653 | +€6,780 | +175% |
| Suppliers | 440/4 | €3,874 | €10,653 | +€6,780 | +175% |
| Taxes, remuneration and social security | 45 | €14,461 | €12,191 | -€2,270 | -15.7% |
| Taxes | 450/3 | €12,933 | €10,663 | -€2,270 | -17.6% |
| Remuneration and social security | 454/9 | €1,529 | €1,529 | = | 0.0% |
| Other amounts payable | 47/48 | €6,113 | €35,806 | +€29,693 | +486% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,387 | €10,604 | +€217 | +2.1% |
| Other operating charges | 640/8 | €4,473 | €986 | -€3,487 | -78.0% |
| Gross operating margin | 9900 | €84,439 | €95,153 | +€10,714 | +12.7% |
| Operating profit (loss) | 9901 | €69,579 | €83,562 | +€13,984 | +20.1% |
| Financial income | 75/76B | €5,097 | €6,279 | +€1,182 | +23.2% |
| Recurring financial income | 75 | €5,097 | €6,279 | +€1,182 | +23.2% |
| Financial charges | 65/66B | €6,443 | €12,222 | +€5,778 | +89.7% |
| Recurring financial charges | 65 | €6,443 | €549 | -€5,894 | -91.5% |
| Non-recurring financial charges | 66B | - | €11,673 | +€11,673 | |
| Profit (loss) for the period before taxes | 9903 | €68,232 | €77,619 | +€9,388 | +13.8% |
| Income taxes | 67/77 | €18,777 | €20,674 | +€1,897 | +10.1% |
| Profit (loss) for the period | 9904 | €49,455 | €56,945 | +€7,490 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,455 | €56,945 | +€7,490 | +15.1% |
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 31 October 2026 via checked.be.