Define IT: 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.
Define IT
Largest movements
- Cash +€84,712
up €84,712 (+624.1%), from €13,574 to €98,287
mainly Other debts (+€67,833) and Net result for the year (+€52,916)
- Receivables within one year +€7,411
up €7,411 (+28.2%), from €26,268 to €33,678
of which Trade receivables: +€23,245
- Tangible fixed assets -€7,074
down €7,074 (-70.5%), from €10,038 to €2,964
of which Furniture and vehicles: -€6,021
- Other debts +€67,833
up €67,833 (+258.9%), from €26,202 to €94,035
- Profit (loss) carried forward +€23,042
no longer reported in 2025 (was -€23,042)
- Debts after one year -€10,956
down €10,956 (-79.9%), from €13,711 to €2,756
- Trade debts +€3,940
up €3,940 (+249.9%), from €1,576 to €5,516
- Gross operating margin +€87,933
up €87,933 (+394.3%), from €22,300 to €110,233
- Financial charges +€41,205
up €41,205 (+10395.3%), from €396 to €41,601
- Depreciation -€14,363
down €14,363 (-67.0%), from €21,437 to €7,074
- Taxes +€8,242
new in 2025: €8,242
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 | €51,154 | €136,235 | +€85,081 | +166.3% |
| Fixed assets | 21/28 | €10,038 | €2,964 | -€7,074 | -70.5% |
| Tangible fixed assets | 22/27 | €10,038 | €2,964 | -€7,074 | -70.5% |
| Plant, machinery and equipment | 23 | €2,483 | €1,430 | -€1,054 | -42.4% |
| Furniture and vehicles | 24 | €7,555 | €1,534 | -€6,021 | -79.7% |
| Current assets | 29/58 | €41,116 | €133,271 | +€92,155 | +224.1% |
| Amounts receivable within one year | 40/41 | €26,268 | €33,678 | +€7,411 | +28.2% |
| Trade receivables | 40 | €10,434 | €33,678 | +€23,245 | +222.8% |
| Other amounts receivable | 41 | €15,834 | - | -€15,834 | |
| Cash at bank and in hand | 54/58 | €13,574 | €98,287 | +€84,712 | +624.1% |
| Deferred charges and accrued income | 490/1 | €1,274 | €1,306 | +€32 | +2.5% |
| Total equity and liabilities | 10/49 | €51,154 | €136,235 | +€85,081 | +166.3% |
| Equity | 10/15 | -€4,442 | €18,600 | +€23,042 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,042 | - | +€23,042 | |
| Amounts payable | 17/49 | €55,596 | €117,635 | +€62,039 | +111.6% |
| Amounts payable after more than one year | 17 | €13,711 | €2,756 | -€10,956 | -79.9% |
| Financial debts | 170/4 | €13,711 | €2,756 | -€10,956 | -79.9% |
| Amounts payable within one year | 42/48 | €41,884 | €114,568 | +€72,684 | +173.5% |
| Current portion of amounts payable after more than one year | 42 | €10,848 | €10,956 | +€107 | +1.0% |
| Trade debts | 44 | €1,576 | €5,516 | +€3,940 | +249.9% |
| Suppliers | 440/4 | €1,576 | €5,516 | +€3,940 | +249.9% |
| Taxes, remuneration and social security | 45 | €3,258 | €4,061 | +€803 | +24.7% |
| Taxes | 450/3 | €882 | €4,061 | +€3,179 | +360.4% |
| Remuneration and social security | 454/9 | €2,376 | - | -€2,376 | |
| Other amounts payable | 47/48 | €26,202 | €94,035 | +€67,833 | +258.9% |
| Accrued charges and deferred income | 492/3 | - | €311 | +€311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,437 | €7,074 | -€14,363 | -67.0% |
| Other operating charges | 640/8 | €417 | €400 | -€18 | -4.2% |
| Gross operating margin | 9900 | €22,300 | €110,233 | +€87,933 | +394.3% |
| Operating profit (loss) | 9901 | €445 | €102,759 | +€102,313 | +22974.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €396 | €41,601 | +€41,205 | +10395.3% |
| Recurring financial charges | 65 | €396 | €41,601 | +€41,205 | +10395.3% |
| Profit (loss) for the period before taxes | 9903 | €49 | €61,158 | +€61,109 | +124839.5% |
| Income taxes | 67/77 | - | €8,242 | +€8,242 | |
| Profit (loss) for the period | 9904 | €49 | €52,916 | +€52,867 | +108001.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49 | €52,916 | +€52,867 | +108001.4% |
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 29 September 2026 via checked.be.