DIRECT SOLUTION: 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.
DIRECT SOLUTION
Largest movements
- Cash +€16,314
up €16,314 (+236.4%), from €6,901 to €23,215
mainly Net result for the year (+€9,941) and Depreciation (+€6,514)
- Tangible fixed assets -€2,257
down €2,257 (-26.2%), from €8,621 to €6,364
of which Plant, machinery and equipment: -€1,711
- Receivables within one year +€659
up €659 (+8.7%), from €7,597 to €8,256
- Reserves +€9,091
up €9,091 (+488.8%), from €1,860 to €10,951
of which Distributable reserves: +€9,091
- Tax, wage and social debts +€3,396
up €3,396 (+88.2%), from €3,851 to €7,247
- Other debts +€1,637
up €1,637 (+48.8%), from €3,356 to €4,993
- Profit (loss) carried forward +€850
up €850 (+11.9%), from €7,132 to €7,982
- Gross operating margin +€12,473
up €12,473 (+119.0%), from €10,480 to €22,953
- Taxes +€2,909
up €2,909 (+96.4%), from €3,019 to €5,928
- Depreciation -€719
down €719 (-9.9%), from €7,233 to €6,514
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 | €23,230 | €37,896 | +€14,666 | +63.1% |
| Fixed assets | 21/28 | €8,732 | €6,425 | -€2,307 | -26.4% |
| Tangible fixed assets | 22/27 | €8,621 | €6,364 | -€2,257 | -26.2% |
| Plant, machinery and equipment | 23 | €7,529 | €5,818 | -€1,711 | -22.7% |
| Furniture and vehicles | 24 | €1,092 | €546 | -€546 | -50.0% |
| Financial fixed assets | 28 | €111 | €61 | -€50 | -45.0% |
| Current assets | 29/58 | €14,498 | €31,471 | +€16,973 | +117.1% |
| Amounts receivable within one year | 40/41 | €7,597 | €8,256 | +€659 | +8.7% |
| Other amounts receivable | 41 | €7,597 | €8,256 | +€659 | +8.7% |
| Cash at bank and in hand | 54/58 | €6,901 | €23,215 | +€16,314 | +236.4% |
| Total equity and liabilities | 10/49 | €23,230 | €37,896 | +€14,666 | +63.1% |
| Equity | 10/15 | €15,192 | €25,133 | +€9,941 | +65.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,951 | +€9,091 | +488.8% |
| 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 | - | €9,091 | +€9,091 | |
| Profit (loss) carried forward | 14 | €7,132 | €7,982 | +€850 | +11.9% |
| Amounts payable | 17/49 | €8,038 | €12,763 | +€4,725 | +58.8% |
| Amounts payable within one year | 42/48 | €8,038 | €12,763 | +€4,725 | +58.8% |
| Trade debts | 44 | €831 | €523 | -€308 | -37.1% |
| Suppliers | 440/4 | €831 | €523 | -€308 | -37.1% |
| Taxes, remuneration and social security | 45 | €3,851 | €7,247 | +€3,396 | +88.2% |
| Taxes | 450/3 | €3,851 | €7,247 | +€3,396 | +88.2% |
| Other amounts payable | 47/48 | €3,356 | €4,993 | +€1,637 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,233 | €6,514 | -€719 | -9.9% |
| Other operating charges | 640/8 | €348 | €495 | +€147 | +42.2% |
| Gross operating margin | 9900 | €10,480 | €22,953 | +€12,473 | +119.0% |
| Operating profit (loss) | 9901 | €2,899 | €15,944 | +€13,045 | +450.0% |
| Financial charges | 65/66B | €88 | €75 | -€13 | -14.8% |
| Recurring financial charges | 65 | €88 | €75 | -€13 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €2,811 | €15,869 | +€13,058 | +464.5% |
| Income taxes | 67/77 | €3,019 | €5,928 | +€2,909 | +96.4% |
| Profit (loss) for the period | 9904 | -€208 | €9,941 | +€10,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€208 | €9,941 | +€10,149 |
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 30 September 2026 via checked.be.