Diligence Project: 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.
Diligence Project
Largest movements
- Cash +€92,777
up €92,777 (+59.1%), from €156,904 to €249,681
mainly Net result for the year (+€74,977) and Receivables within one year (+€22,697)
- Receivables within one year -€22,697
down €22,697 (-42.0%), from €54,040 to €31,343
- Profit (loss) carried forward +€74,977
up €74,977 (+46.0%), from €163,051 to €238,029
- Tax, wage and social debts -€4,987
down €4,987 (-9.2%), from €54,090 to €49,103
- Gross operating margin -€6,187
down €6,187 (-5.9%), from €104,801 to €98,614
- Taxes -€1,665
down €1,665 (-7.5%), from €22,282 to €20,617
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 | €221,126 | €290,374 | +€69,248 | +31.3% |
| Fixed assets | 21/28 | €9,867 | €9,239 | -€628 | -6.4% |
| Tangible fixed assets | 22/27 | €9,867 | €9,239 | -€628 | -6.4% |
| Land and buildings | 22 | €7,606 | €6,615 | -€991 | -13.0% |
| Furniture and vehicles | 24 | €2,260 | €419 | -€1,841 | -81.4% |
| Other tangible fixed assets | 26 | - | €2,205 | +€2,205 | |
| Current assets | 29/58 | €211,259 | €281,135 | +€69,876 | +33.1% |
| Amounts receivable within one year | 40/41 | €54,040 | €31,343 | -€22,697 | -42.0% |
| Trade receivables | 40 | €54,040 | €31,343 | -€22,697 | -42.0% |
| Cash at bank and in hand | 54/58 | €156,904 | €249,681 | +€92,777 | +59.1% |
| Deferred charges and accrued income | 490/1 | €315 | €110 | -€204 | -64.9% |
| Total equity and liabilities | 10/49 | €221,126 | €290,374 | +€69,248 | +31.3% |
| Equity | 10/15 | €165,451 | €240,429 | +€74,977 | +45.3% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,051 | €238,029 | +€74,977 | +46.0% |
| Amounts payable | 17/49 | €55,675 | €49,945 | -€5,729 | -10.3% |
| Amounts payable within one year | 42/48 | €55,675 | €49,945 | -€5,729 | -10.3% |
| Trade debts | 44 | €1,052 | €735 | -€317 | -30.2% |
| Suppliers | 440/4 | €1,052 | €735 | -€317 | -30.2% |
| Taxes, remuneration and social security | 45 | €54,090 | €49,103 | -€4,987 | -9.2% |
| Taxes | 450/3 | €54,090 | €49,103 | -€4,987 | -9.2% |
| Other amounts payable | 47/48 | €533 | €108 | -€425 | -79.7% |
| Remuneration, social security and pensions | 62 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,832 | €2,945 | +€112 | +4.0% |
| Other operating charges | 640/8 | €129 | - | -€129 | |
| Gross operating margin | 9900 | €104,801 | €98,614 | -€6,187 | -5.9% |
| Operating profit (loss) | 9901 | €101,839 | €95,594 | -€6,245 | -6.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €746 | - | -€746 | |
| Recurring financial charges | 65 | €746 | - | -€746 | |
| Profit (loss) for the period before taxes | 9903 | €101,093 | €95,594 | -€5,499 | -5.4% |
| Income taxes | 67/77 | €22,282 | €20,617 | -€1,665 | -7.5% |
| Profit (loss) for the period | 9904 | €78,811 | €74,977 | -€3,834 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,811 | €74,977 | -€3,834 | -4.9% |
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 18 October 2026 via checked.be.