do While True: 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.
do While True
Largest movements
- Cash +€19,804
up €19,804 (+54.7%), from €36,194 to €55,997
mainly Other debts (+€15,024) and Depreciation (+€11,641)
- Tangible fixed assets -€9,841
down €9,841 (-79.7%), from €12,351 to €2,510
- Receivables within one year +€2,583
up €2,583 (+19.4%), from €13,330 to €15,913
- Reserves -€15,789
down €15,789 (-18.7%), from €84,360 to €68,571
of which Distributable reserves: -€15,789
- Other debts +€15,024
up €15,024 (+1260.2%), from €1,192 to €16,216
- Profit (loss) carried forward +€11,354
up €11,354 (+27.2%), from -€41,781 to -€30,428
- Tax, wage and social debts +€1,962
up €1,962 (+39.5%), from €4,972 to €6,934
- Gross operating margin +€12,918
up €12,918 (+112.2%), from €11,512 to €24,430
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 | €62,541 | €75,095 | +€12,554 | +20.1% |
| Fixed assets | 21/28 | €12,376 | €2,535 | -€9,841 | -79.5% |
| Tangible fixed assets | 22/27 | €12,351 | €2,510 | -€9,841 | -79.7% |
| Furniture and vehicles | 24 | €12,351 | €2,510 | -€9,841 | -79.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €50,166 | €72,560 | +€22,394 | +44.6% |
| Amounts receivable within one year | 40/41 | €13,330 | €15,913 | +€2,583 | +19.4% |
| Trade receivables | 40 | €13,330 | €15,913 | +€2,583 | +19.4% |
| Cash at bank and in hand | 54/58 | €36,194 | €55,997 | +€19,804 | +54.7% |
| Deferred charges and accrued income | 490/1 | €642 | €649 | +€7 | +1.1% |
| Total equity and liabilities | 10/49 | €62,541 | €75,095 | +€12,554 | +20.1% |
| Equity | 10/15 | €54,979 | €50,543 | -€4,436 | -8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,360 | €68,571 | -€15,789 | -18.7% |
| 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 | €82,500 | €66,711 | -€15,789 | -19.1% |
| Profit (loss) carried forward | 14 | -€41,781 | -€30,428 | +€11,354 | +27.2% |
| Amounts payable | 17/49 | €7,563 | €24,552 | +€16,989 | +224.7% |
| Amounts payable within one year | 42/48 | €7,563 | €24,552 | +€16,989 | +224.7% |
| Trade debts | 44 | €1,398 | €1,402 | +€4 | +0.3% |
| Suppliers | 440/4 | €1,398 | €1,402 | +€4 | +0.3% |
| Taxes, remuneration and social security | 45 | €4,972 | €6,934 | +€1,962 | +39.5% |
| Taxes | 450/3 | €4,972 | €6,934 | +€1,962 | +39.5% |
| Other amounts payable | 47/48 | €1,192 | €16,216 | +€15,024 | +1260.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,401 | €11,641 | +€240 | +2.1% |
| Other operating charges | 640/8 | €515 | €527 | +€12 | +2.4% |
| Gross operating margin | 9900 | €11,512 | €24,430 | +€12,918 | +112.2% |
| Operating profit (loss) | 9901 | -€404 | €12,262 | +€12,666 | |
| Financial charges | 65/66B | €300 | €286 | -€14 | -4.5% |
| Recurring financial charges | 65 | €300 | €286 | -€14 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€704 | €11,975 | +€12,679 | |
| Income taxes | 67/77 | €736 | €622 | -€114 | -15.5% |
| Profit (loss) for the period | 9904 | -€1,440 | €11,354 | +€12,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,440 | €11,354 | +€12,793 |
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 7 October 2026 via checked.be.