Density: 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.
Density
Largest movements
- Receivables within one year +€12,671
up €12,671 (+98.6%), from €12,853 to €25,525
of which Trade receivables: +€12,043
- Cash -€7,173
down €7,173 (-47.7%), from €15,036 to €7,863
mainly Receivables within one year (-€12,671) and Net result for the year (-€5,299)
- Deferred charges and accrued income +€391
up €391 (+74.4%), from €525 to €915
- Trade debts +€7,916
up €7,916 (+58.2%), from €13,610 to €21,526
- Contributions +€7,200
up €7,200 (+37.5%), from €19,200 to €26,400
- Profit (loss) carried forward -€5,299
down €5,299 (-90.7%), from -€5,843 to -€11,143
- Tax, wage and social debts -€4,237
no longer reported in 2025 (was €4,237)
- Other debts +€414
up €414 (+137%), from €303 to €717
- Gross operating margin +€18,165
up €18,165 (+84.6%), from -€21,481 to -€3,316
- Other operating charges +€402
up €402 (+340%), from €118 to €520
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 | €31,506 | €37,500 | +€5,995 | +19.0% |
| Fixed assets | 21/28 | €3,091 | €3,197 | +€106 | +3.4% |
| Intangible fixed assets | 21 | €3,091 | €3,197 | +€106 | +3.4% |
| Current assets | 29/58 | €28,414 | €34,303 | +€5,888 | +20.7% |
| Amounts receivable within one year | 40/41 | €12,853 | €25,525 | +€12,671 | +98.6% |
| Trade receivables | 40 | €9,082 | €21,125 | +€12,043 | +133% |
| Other amounts receivable | 41 | €3,771 | €4,400 | +€629 | +16.7% |
| Cash at bank and in hand | 54/58 | €15,036 | €7,863 | -€7,173 | -47.7% |
| Deferred charges and accrued income | 490/1 | €525 | €915 | +€391 | +74.4% |
| Total equity and liabilities | 10/49 | €31,506 | €37,500 | +€5,995 | +19.0% |
| Equity | 10/15 | €13,357 | €15,257 | +€1,901 | +14.2% |
| Contributions | 10/11 | €19,200 | €26,400 | +€7,200 | +37.5% |
| Profit (loss) carried forward | 14 | -€5,843 | -€11,143 | -€5,299 | -90.7% |
| Amounts payable | 17/49 | €18,149 | €22,243 | +€4,094 | +22.6% |
| Amounts payable within one year | 42/48 | €18,149 | €22,243 | +€4,094 | +22.6% |
| Trade debts | 44 | €13,610 | €21,526 | +€7,916 | +58.2% |
| Suppliers | 440/4 | €13,610 | €21,526 | +€7,916 | +58.2% |
| Taxes, remuneration and social security | 45 | €4,237 | - | -€4,237 | |
| Taxes | 450/3 | €4,237 | - | -€4,237 | |
| Other amounts payable | 47/48 | €303 | €717 | +€414 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,115 | €1,319 | +€204 | +18.3% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | -€21,481 | -€3,316 | +€18,165 | +84.6% |
| Operating profit (loss) | 9901 | -€22,714 | -€5,154 | +€17,560 | +77.3% |
| Financial charges | 65/66B | €34 | €145 | +€111 | +323% |
| Recurring financial charges | 65 | €34 | €145 | +€111 | +323% |
| Profit (loss) for the period before taxes | 9903 | -€22,748 | -€5,299 | +€17,449 | +76.7% |
| Profit (loss) for the period | 9904 | -€22,748 | -€5,299 | +€17,449 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,748 | -€5,299 | +€17,449 | +76.7% |
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 14 October 2026 via checked.be.