Develops: 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.
Develops
Largest movements
- Current investments +€25,000
up €25,000 (+83.3%), from €30,000 to €55,000
- Tangible fixed assets -€10,433
down €10,433 (-14.3%), from €73,072 to €62,640
of which Furniture and vehicles: -€16,020
- Cash -€7,999
down €7,999 (-37.7%), from €21,232 to €13,233
mainly Current investments (-€25,000) and Debts after one year (-€13,247)
- Reserves +€23,662
up €23,662 (+44.9%), from €52,646 to €76,308
- Debts after one year -€13,247
down €13,247 (-28.9%), from €45,827 to €32,580
- Tax, wage and social debts -€4,168
down €4,168 (-17.5%), from €23,828 to €19,660
- Gross operating margin +€11,456
up €11,456 (+28.8%), from €39,723 to €51,180
- Depreciation +€4,897
up €4,897 (+39.9%), from €12,286 to €17,183
- Taxes +€1,098
up €1,098 (+19.0%), from €5,776 to €6,875
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 | €139,309 | €144,905 | +€5,595 | +4.0% |
| Fixed assets | 21/28 | €73,072 | €62,640 | -€10,433 | -14.3% |
| Tangible fixed assets | 22/27 | €73,072 | €62,640 | -€10,433 | -14.3% |
| Furniture and vehicles | 24 | €68,514 | €52,494 | -€16,020 | -23.4% |
| Other tangible fixed assets | 26 | €4,558 | €10,146 | +€5,588 | +123% |
| Current assets | 29/58 | €66,237 | €82,265 | +€16,028 | +24.2% |
| Amounts receivable within one year | 40/41 | €14,307 | €13,237 | -€1,070 | -7.5% |
| Trade receivables | 40 | €14,293 | €9,493 | -€4,801 | -33.6% |
| Other amounts receivable | 41 | €13 | €3,744 | +€3,731 | +27,696% |
| Current investments | 50/53 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Cash at bank and in hand | 54/58 | €21,232 | €13,233 | -€7,999 | -37.7% |
| Deferred charges and accrued income | 490/1 | €698 | €795 | +€97 | +13.9% |
| Total equity and liabilities | 10/49 | €139,309 | €144,905 | +€5,595 | +4.0% |
| Equity | 10/15 | €55,646 | €79,308 | +€23,662 | +42.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,646 | €76,308 | +€23,662 | +44.9% |
| Distributable reserves | 133 | €52,646 | €76,308 | +€23,662 | +44.9% |
| Amounts payable | 17/49 | €83,663 | €65,596 | -€18,067 | -21.6% |
| Amounts payable after more than one year | 17 | €45,827 | €32,580 | -€13,247 | -28.9% |
| Financial debts | 170/4 | €45,827 | €32,580 | -€13,247 | -28.9% |
| Amounts payable within one year | 42/48 | €37,836 | €33,016 | -€4,820 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €12,837 | €13,247 | +€410 | +3.2% |
| Trade debts | 44 | €1,075 | €109 | -€966 | -89.8% |
| Suppliers | 440/4 | €1,075 | €109 | -€966 | -89.8% |
| Taxes, remuneration and social security | 45 | €23,828 | €19,660 | -€4,168 | -17.5% |
| Taxes | 450/3 | €23,828 | €19,660 | -€4,168 | -17.5% |
| Other amounts payable | 47/48 | €96 | €0 | -€96 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,286 | €17,183 | +€4,897 | +39.9% |
| Other operating charges | 640/8 | €902 | €900 | -€2 | -0.2% |
| Gross operating margin | 9900 | €39,723 | €51,180 | +€11,456 | +28.8% |
| Operating profit (loss) | 9901 | €26,535 | €33,097 | +€6,561 | +24.7% |
| Financial income | 75/76B | €0 | €291 | +€291 | |
| Recurring financial income | 75 | €0 | €291 | +€291 | |
| Financial charges | 65/66B | €2,887 | €2,851 | -€36 | -1.2% |
| Recurring financial charges | 65 | €2,887 | €2,851 | -€36 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €23,648 | €30,536 | +€6,888 | +29.1% |
| Income taxes | 67/77 | €5,776 | €6,875 | +€1,098 | +19.0% |
| Profit (loss) for the period | 9904 | €17,872 | €23,662 | +€5,790 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,872 | €23,662 | +€5,790 | +32.4% |
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 13 October 2026 via checked.be.