Designate: 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.
Designate
Largest movements
- Cash +€47,153
up €47,153 (+25.8%), from €183,094 to €230,246
mainly Net result for the year (+€50,842) and Depreciation (+€8,032)
- Reserves +€50,842
up €50,842 (+25.4%), from €200,125 to €250,967
of which Distributable reserves: +€50,842
- Tax, wage and social debts -€4,644
down €4,644 (-28.2%), from €16,471 to €11,827
- Gross operating margin +€10,363
up €10,363 (+14.8%), from €69,846 to €80,209
- Depreciation +€2,432
up €2,432 (+43.4%), from €5,600 to €8,032
- Taxes +€1,741
up €1,741 (+9.4%), from €18,471 to €20,212
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 | €226,461 | €272,412 | +€45,951 | +20.3% |
| Fixed assets | 21/28 | €17,077 | €17,558 | +€481 | +2.8% |
| Tangible fixed assets | 22/27 | €17,077 | €17,558 | +€481 | +2.8% |
| Plant, machinery and equipment | 23 | €4,349 | €9,438 | +€5,089 | +117% |
| Furniture and vehicles | 24 | €6,369 | €2,769 | -€3,600 | -56.5% |
| Other tangible fixed assets | 26 | €6,359 | €5,351 | -€1,008 | -15.9% |
| Current assets | 29/58 | €209,385 | €254,854 | +€45,469 | +21.7% |
| Amounts receivable within one year | 40/41 | €25,726 | €23,690 | -€2,036 | -7.9% |
| Trade receivables | 40 | €19,965 | €19,965 | = | 0.0% |
| Other amounts receivable | 41 | €5,761 | €3,725 | -€2,036 | -35.3% |
| Cash at bank and in hand | 54/58 | €183,094 | €230,246 | +€47,153 | +25.8% |
| Deferred charges and accrued income | 490/1 | €565 | €917 | +€352 | +62.3% |
| Total equity and liabilities | 10/49 | €226,461 | €272,412 | +€45,951 | +20.3% |
| Equity | 10/15 | €206,325 | €257,167 | +€50,842 | +24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €200,125 | €250,967 | +€50,842 | +25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €198,265 | €249,107 | +€50,842 | +25.6% |
| Amounts payable | 17/49 | €20,136 | €15,245 | -€4,891 | -24.3% |
| Amounts payable within one year | 42/48 | €17,145 | €13,113 | -€4,033 | -23.5% |
| Trade debts | 44 | €675 | €1,286 | +€611 | +90.6% |
| Suppliers | 440/4 | €675 | €1,286 | +€611 | +90.6% |
| Taxes, remuneration and social security | 45 | €16,471 | €11,827 | -€4,644 | -28.2% |
| Taxes | 450/3 | €16,471 | €11,827 | -€4,644 | -28.2% |
| Accrued charges and deferred income | 492/3 | €2,991 | €2,132 | -€859 | -28.7% |
| Non-recurring operating income | 76A | €1,616 | - | -€1,616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,600 | €8,032 | +€2,432 | +43.4% |
| Other operating charges | 640/8 | €1,038 | €1,071 | +€33 | +3.2% |
| Gross operating margin | 9900 | €69,846 | €80,209 | +€10,363 | +14.8% |
| Operating profit (loss) | 9901 | €63,207 | €71,106 | +€7,899 | +12.5% |
| Financial income | 75/76B | €75 | €160 | +€85 | +115% |
| Recurring financial income | 75 | €75 | €160 | +€85 | +115% |
| Financial charges | 65/66B | €232 | €212 | -€19 | -8.4% |
| Recurring financial charges | 65 | €232 | €212 | -€19 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €63,050 | €71,054 | +€8,003 | +12.7% |
| Income taxes | 67/77 | €18,471 | €20,212 | +€1,741 | +9.4% |
| Profit (loss) for the period | 9904 | €44,579 | €50,842 | +€6,263 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,579 | €50,842 | +€6,263 | +14.0% |
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 15 October 2026 via checked.be.