Delta: 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.
Delta
Largest movements
- Tangible fixed assets +€17,707
up €17,707 (+55.3%), from €31,997 to €49,703
of which Furniture and vehicles: +€18,143
- Cash -€9,763
down €9,763 (-43.8%), from €22,309 to €12,546
mainly Investment in fixed assets (net) (-€23,665) and Net result for the year (-€11,275)
- Receivables within one year +€4,789
up €4,789 (+71.0%), from €6,743 to €11,532
of which Other amounts receivable: +€4,789
- Other debts +€26,343
up €26,343 (+634.0%), from €4,155 to €30,497
- Profit (loss) carried forward -€10,248
new in 2025: -€10,248
- Tax, wage and social debts -€2,234
down €2,234 (-65.3%), from €3,420 to €1,186
- Reserves -€1,027
down €1,027 (-2.2%), from €47,470 to €46,443
- Gross operating margin -€6,360
down €6,360 (-38.2%), from €16,643 to €10,283
- Depreciation -€2,684
down €2,684 (-31.1%), from €8,642 to €5,958
- Taxes -€1,889
down €1,889 (-92.8%), from €2,035 to €146
- Other operating charges -€281
down €281 (-24.6%), from €1,143 to €862
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 | €61,556 | €74,390 | +€12,834 | +20.8% |
| Fixed assets | 21/28 | €31,997 | €49,703 | +€17,707 | +55.3% |
| Tangible fixed assets | 22/27 | €31,997 | €49,703 | +€17,707 | +55.3% |
| Plant, machinery and equipment | 23 | €3,417 | €2,980 | -€436 | -12.8% |
| Furniture and vehicles | 24 | €28,580 | €46,723 | +€18,143 | +63.5% |
| Current assets | 29/58 | €29,560 | €24,687 | -€4,873 | -16.5% |
| Amounts receivable within one year | 40/41 | €6,743 | €11,532 | +€4,789 | +71.0% |
| Trade receivables | 40 | €1,513 | €1,513 | = | 0.0% |
| Other amounts receivable | 41 | €5,231 | €10,020 | +€4,789 | +91.6% |
| Cash at bank and in hand | 54/58 | €22,309 | €12,546 | -€9,763 | -43.8% |
| Deferred charges and accrued income | 490/1 | €507 | €608 | +€101 | +19.9% |
| Total equity and liabilities | 10/49 | €61,556 | €74,390 | +€12,834 | +20.8% |
| Equity | 10/15 | €53,670 | €42,396 | -€11,275 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,470 | €46,443 | -€1,027 | -2.2% |
| Distributable reserves | 133 | €47,470 | €46,443 | -€1,027 | -2.2% |
| Profit (loss) carried forward | 14 | - | -€10,248 | -€10,248 | |
| Amounts payable | 17/49 | €7,886 | €31,994 | +€24,108 | +305.7% |
| Amounts payable within one year | 42/48 | €7,886 | €31,994 | +€24,108 | +305.7% |
| Trade debts | 44 | €311 | €311 | +€0 | +0.1% |
| Suppliers | 440/4 | €311 | €311 | +€0 | +0.1% |
| Taxes, remuneration and social security | 45 | €3,420 | €1,186 | -€2,234 | -65.3% |
| Taxes | 450/3 | €3,420 | €1,186 | -€2,234 | -65.3% |
| Other amounts payable | 47/48 | €4,155 | €30,497 | +€26,343 | +634.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,642 | €5,958 | -€2,684 | -31.1% |
| Other operating charges | 640/8 | €1,143 | €862 | -€281 | -24.6% |
| Non-recurring operating charges | 66A | - | €14,497 | +€14,497 | |
| Gross operating margin | 9900 | €16,643 | €10,283 | -€6,360 | -38.2% |
| Operating profit (loss) | 9901 | €6,858 | -€11,034 | -€17,893 | |
| Financial income | 75/76B | €66 | €146 | +€80 | +121.2% |
| Recurring financial income | 75 | €66 | €146 | +€80 | +121.2% |
| Financial charges | 65/66B | €390 | €240 | -€150 | -38.4% |
| Recurring financial charges | 65 | €390 | €240 | -€150 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €6,534 | -€11,129 | -€17,663 | |
| Income taxes | 67/77 | €2,035 | €146 | -€1,889 | -92.8% |
| Profit (loss) for the period | 9904 | €4,499 | -€11,275 | -€15,774 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,499 | -€11,275 | -€15,774 |
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 9 October 2026 via checked.be.