Deeper Analytics: 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.
Deeper Analytics
Largest movements
- Cash +€21,734
up €21,734 (+17.4%), from €125,248 to €146,982
mainly Net result for the year (+€73,350) and Receivables within one year (+€14,086)
- Receivables within one year -€14,086
down €14,086 (-32.9%), from €42,837 to €28,750
of which Trade receivables: -€37,837
- Current investments -€7,065
down €7,065 (-2.4%), from €297,083 to €290,018
- Other debts -€73,438
down €73,438 (-100%), from €73,438 to €0
- Profit (loss) carried forward +€54,993
up €54,993 (+828,213%), from €7 to €55,000
- Reserves +€18,356
up €18,356 (+5.0%), from €366,568 to €384,924
- Tax, wage and social debts -€6,034
down €6,034 (-74.2%), from €8,138 to €2,103
- Gross operating margin -€83,826
down €83,826 (-52.7%), from €158,989 to €75,163
- Taxes -€24,683
down €24,683 (-56.4%), from €43,741 to €19,057
- Financial charges -€8,331
down €8,331 (-98.5%), from €8,456 to €125
of which Non-recurring financial charges: -€8,342
- Financial income -€3,997
down €3,997 (-18.1%), from €22,109 to €18,111
of which Non-recurring financial income: -€5,231
- Depreciation -€2,093
down €2,093 (-85.9%), from €2,435 to €343
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 | €470,133 | €467,189 | -€2,944 | -0.6% |
| Fixed assets | 21/28 | €343 | €0 | -€343 | -100% |
| Tangible fixed assets | 22/27 | €343 | €0 | -€343 | -100% |
| Furniture and vehicles | 24 | €343 | €0 | -€343 | -100% |
| Current assets | 29/58 | €469,790 | €467,189 | -€2,601 | -0.6% |
| Amounts receivable within one year | 40/41 | €42,837 | €28,750 | -€14,086 | -32.9% |
| Trade receivables | 40 | €37,837 | €0 | -€37,837 | -100% |
| Other amounts receivable | 41 | €5,000 | €28,750 | +€23,750 | +475% |
| Current investments | 50/53 | €297,083 | €290,018 | -€7,065 | -2.4% |
| Cash at bank and in hand | 54/58 | €125,248 | €146,982 | +€21,734 | +17.4% |
| Deferred charges and accrued income | 490/1 | €4,622 | €1,439 | -€3,183 | -68.9% |
| Total equity and liabilities | 10/49 | €470,133 | €467,189 | -€2,944 | -0.6% |
| Equity | 10/15 | €385,175 | €458,524 | +€73,350 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366,568 | €384,924 | +€18,356 | +5.0% |
| Distributable reserves | 133 | €366,568 | €384,924 | +€18,356 | +5.0% |
| Profit (loss) carried forward | 14 | €7 | €55,000 | +€54,993 | +828,213% |
| Amounts payable | 17/49 | €84,958 | €8,665 | -€76,293 | -89.8% |
| Amounts payable within one year | 42/48 | €84,958 | €8,665 | -€76,293 | -89.8% |
| Trade debts | 44 | €3,382 | €6,561 | +€3,179 | +94.0% |
| Suppliers | 440/4 | €3,382 | €6,561 | +€3,179 | +94.0% |
| Taxes, remuneration and social security | 45 | €8,138 | €2,103 | -€6,034 | -74.2% |
| Taxes | 450/3 | €8,138 | €2,103 | -€6,034 | -74.2% |
| Other amounts payable | 47/48 | €73,438 | €0 | -€73,438 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,435 | €343 | -€2,093 | -85.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €158,989 | €75,163 | -€83,826 | -52.7% |
| Operating profit (loss) | 9901 | €156,167 | €74,421 | -€81,746 | -52.3% |
| Financial income | 75/76B | €22,109 | €18,111 | -€3,997 | -18.1% |
| Recurring financial income | 75 | €8,536 | €9,769 | +€1,233 | +14.4% |
| Non-recurring financial income | 76B | €13,573 | €8,342 | -€5,231 | -38.5% |
| Financial charges | 65/66B | €8,456 | €125 | -€8,331 | -98.5% |
| Recurring financial charges | 65 | €114 | €125 | +€11 | +9.6% |
| Non-recurring financial charges | 66B | €8,342 | €0 | -€8,342 | -100% |
| Profit (loss) for the period before taxes | 9903 | €169,819 | €92,407 | -€77,412 | -45.6% |
| Income taxes | 67/77 | €43,741 | €19,057 | -€24,683 | -56.4% |
| Profit (loss) for the period | 9904 | €126,079 | €73,350 | -€52,729 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,079 | €73,350 | -€52,729 | -41.8% |
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 13 October 2026 via checked.be.