Deploy: 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.
Deploy
Largest movements
- Receivables within one year +€16,072
up €16,072 (+89.6%), from €17,938 to €34,009
of which Trade receivables: +€9,743
- Tangible fixed assets -€12,763
down €12,763 (-97.6%), from €13,075 to €312
of which Furniture and vehicles: -€12,599
- Deferred charges and accrued income +€1,325
up €1,325 (+3020.7%), from €44 to €1,369
- Current portion of long-term debt -€7,443
down €7,443 (-90.9%), from €8,192 to €749
- Tax, wage and social debts +€3,857
up €3,857 (+306.6%), from €1,258 to €5,115
of which Remuneration and social security: +€2,500
- Reserves +€3,717
up €3,717 (+68.3%), from €5,439 to €9,156
- Short-term financial debts +€3,320
up €3,320 (+46.0%), from €7,216 to €10,537
- Trade debts +€1,941
up €1,941 (+91.0%), from €2,134 to €4,075
- Financial charges -€3,331
down €3,331 (-56.4%), from €5,911 to €2,580
of which Non-recurring financial charges: -€3,000
- Gross operating margin -€2,239
down €2,239 (-12.2%), from €18,349 to €16,110
- Depreciation -€1,677
down €1,677 (-16.8%), from €9,979 to €8,302
- Taxes +€1,497
up €1,497 (+935562.5%), from €0 to €1,497
- Other operating charges +€439
up €439 (+53.8%), from €816 to €1,255
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 | €31,200 | €35,714 | +€4,514 | +14.5% |
| Fixed assets | 21/28 | €13,075 | €312 | -€12,763 | -97.6% |
| Tangible fixed assets | 22/27 | €13,075 | €312 | -€12,763 | -97.6% |
| Plant, machinery and equipment | 23 | €164 | €0 | -€164 | -100.0% |
| Furniture and vehicles | 24 | €12,911 | €312 | -€12,599 | -97.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €18,125 | €35,402 | +€17,276 | +95.3% |
| Amounts receivable within one year | 40/41 | €17,938 | €34,009 | +€16,072 | +89.6% |
| Trade receivables | 40 | €17 | €9,760 | +€9,743 | +57618.6% |
| Other amounts receivable | 41 | €17,921 | €24,249 | +€6,328 | +35.3% |
| Cash at bank and in hand | 54/58 | €144 | €23 | -€121 | -83.8% |
| Deferred charges and accrued income | 490/1 | €44 | €1,369 | +€1,325 | +3020.7% |
| Total equity and liabilities | 10/49 | €31,200 | €35,714 | +€4,514 | +14.5% |
| Equity | 10/15 | €10,939 | €14,656 | +€3,717 | +34.0% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €5,439 | €9,156 | +€3,717 | +68.3% |
| Distributable reserves | 133 | €5,439 | €9,156 | +€3,717 | +68.3% |
| Amounts payable | 17/49 | €20,261 | €21,058 | +€797 | +3.9% |
| Amounts payable after more than one year | 17 | €749 | €0 | -€749 | -100.0% |
| Financial debts | 170/4 | €749 | €0 | -€749 | -100.0% |
| Amounts payable within one year | 42/48 | €19,125 | €20,806 | +€1,681 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €8,192 | €749 | -€7,443 | -90.9% |
| Financial debts | 43 | €7,216 | €10,537 | +€3,320 | +46.0% |
| Credit institutions | 430/8 | €7,216 | €10,537 | +€3,320 | +46.0% |
| Trade debts | 44 | €2,134 | €4,075 | +€1,941 | +91.0% |
| Suppliers | 440/4 | €2,134 | €4,075 | +€1,941 | +91.0% |
| Taxes, remuneration and social security | 45 | €1,258 | €5,115 | +€3,857 | +306.6% |
| Taxes | 450/3 | €1,258 | €2,615 | +€1,357 | +107.9% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €324 | €330 | +€6 | +1.8% |
| Accrued charges and deferred income | 492/3 | €387 | €252 | -€136 | -35.0% |
| Non-recurring operating income | 76A | - | €340 | +€340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,979 | €8,302 | -€1,677 | -16.8% |
| Other operating charges | 640/8 | €816 | €1,255 | +€439 | +53.8% |
| Gross operating margin | 9900 | €18,349 | €16,110 | -€2,239 | -12.2% |
| Operating profit (loss) | 9901 | €7,553 | €6,552 | -€1,002 | -13.3% |
| Financial income | 75/76B | €977 | €1,242 | +€265 | +27.1% |
| Recurring financial income | 75 | €977 | €1,242 | +€265 | +27.1% |
| Financial charges | 65/66B | €5,911 | €2,580 | -€3,331 | -56.4% |
| Recurring financial charges | 65 | €2,911 | €2,580 | -€331 | -11.4% |
| Non-recurring financial charges | 66B | €3,000 | €0 | -€3,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €2,620 | €5,214 | +€2,594 | +99.0% |
| Income taxes | 67/77 | €0 | €1,497 | +€1,497 | +935562.5% |
| Profit (loss) for the period | 9904 | €2,620 | €3,717 | +€1,097 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,620 | €3,717 | +€1,097 | +41.9% |
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 10 October 2026 via checked.be.