Dilation: what changed
Two fiscal 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.
Dilation
Largest movements
- Cash +€101,640
up €101,640 (+50.1%), from €202,889 to €304,529
mainly Net result for the year (+€79,833) and Tax, wage and social debts (+€15,744)
- Tangible fixed assets -€5,270
down €5,270 (-35.2%), from €14,992 to €9,722
- Profit (loss) carried forward +€79,833
up €79,833 (+340.0%), from €23,480 to €103,314
- Tax, wage and social debts +€15,744
up €15,744 (+145.1%), from €10,849 to €26,593
of which Taxes: +€15,744
- Taxes +€15,752
up €15,752 (+331.7%), from €4,749 to €20,502
- Staff costs -€2,005
down €2,005 (-100.0%), from €2,005 to €0
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 | €234,439 | €331,272 | +€96,833 | +41.3% |
| Fixed assets | 21/28 | €18,442 | €13,172 | -€5,270 | -28.6% |
| Tangible fixed assets | 22/27 | €14,992 | €9,722 | -€5,270 | -35.2% |
| Plant, machinery and equipment | 23 | €14,992 | €9,722 | -€5,270 | -35.2% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €215,997 | €318,100 | +€102,103 | +47.3% |
| Amounts receivable within one year | 40/41 | €13,108 | €13,571 | +€462 | +3.5% |
| Trade receivables | 40 | €13,108 | €13,571 | +€462 | +3.5% |
| Cash at bank and in hand | 54/58 | €202,889 | €304,529 | +€101,640 | +50.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €234,439 | €331,272 | +€96,833 | +41.3% |
| Equity | 10/15 | €223,480 | €303,314 | +€79,833 | +35.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,480 | €103,314 | +€79,833 | +340.0% |
| Amounts payable | 17/49 | €10,959 | €27,958 | +€16,999 | +155.1% |
| Amounts payable within one year | 42/48 | €10,959 | €27,958 | +€16,999 | +155.1% |
| Trade debts | 44 | €110 | €1,365 | +€1,255 | +1144.3% |
| Suppliers | 440/4 | €110 | €1,365 | +€1,255 | +1144.3% |
| Taxes, remuneration and social security | 45 | €10,849 | €26,593 | +€15,744 | +145.1% |
| Taxes | 450/3 | €10,849 | €26,593 | +€15,744 | +145.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,005 | €0 | -€2,005 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,270 | €5,270 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €106,772 | €105,986 | -€786 | -0.7% |
| Operating profit (loss) | 9901 | €99,357 | €100,572 | +€1,215 | +1.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €72 | €237 | +€165 | +229.3% |
| Recurring financial charges | 65 | €72 | €237 | +€165 | +229.3% |
| Profit (loss) for the period before taxes | 9903 | €99,285 | €100,335 | +€1,050 | +1.1% |
| Income taxes | 67/77 | €4,749 | €20,502 | +€15,752 | +331.7% |
| Profit (loss) for the period | 9904 | €94,536 | €79,833 | -€14,702 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,536 | €79,833 | -€14,702 | -15.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.