DOC: 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.
DOC
Largest movements
- Cash +€95,502
up €95,502 (+90.0%), from €106,134 to €201,636
mainly Net result for the year (+€87,434) and Depreciation (+€10,753)
- Tangible fixed assets -€10,753
down €10,753 (-43.1%), from €24,966 to €14,213
of which Furniture and vehicles: -€10,172
- Reserves +€87,434
up €87,434 (+69.5%), from €125,886 to €213,320
- Tax, wage and social debts +€5,380
up €5,380 (+13.5%), from €39,720 to €45,100
- Other debts -€5,353
down €5,353 (-23.0%), from €23,239 to €17,886
- Gross operating margin +€24,530
up €24,530 (+24.7%), from €99,394 to €123,924
- Taxes +€5,097
up €5,097 (+27.9%), from €18,258 to €23,356
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 | €203,012 | €288,891 | +€85,879 | +42.3% |
| Fixed assets | 21/28 | €24,966 | €14,213 | -€10,753 | -43.1% |
| Tangible fixed assets | 22/27 | €24,966 | €14,213 | -€10,753 | -43.1% |
| Land and buildings | 22 | €4,296 | €3,715 | -€581 | -13.5% |
| Furniture and vehicles | 24 | €20,670 | €10,498 | -€10,172 | -49.2% |
| Current assets | 29/58 | €178,046 | €274,679 | +€96,633 | +54.3% |
| Amounts receivable within one year | 40/41 | €69,556 | €69,556 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €69,556 | €69,556 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,134 | €201,636 | +€95,502 | +90.0% |
| Deferred charges and accrued income | 490/1 | €2,356 | €3,487 | +€1,131 | +48.0% |
| Total equity and liabilities | 10/49 | €203,012 | €288,891 | +€85,879 | +42.3% |
| Equity | 10/15 | €130,886 | €218,320 | +€87,434 | +66.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €125,886 | €213,320 | +€87,434 | +69.5% |
| Distributable reserves | 133 | €125,886 | €213,320 | +€87,434 | +69.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,126 | €70,572 | -€1,555 | -2.2% |
| Amounts payable within one year | 42/48 | €68,318 | €67,640 | -€678 | -1.0% |
| Trade debts | 44 | €5,359 | €4,654 | -€704 | -13.1% |
| Suppliers | 440/4 | €5,359 | €4,654 | -€704 | -13.1% |
| Taxes, remuneration and social security | 45 | €39,720 | €45,100 | +€5,380 | +13.5% |
| Taxes | 450/3 | €39,720 | €45,100 | +€5,380 | +13.5% |
| Other amounts payable | 47/48 | €23,239 | €17,886 | -€5,353 | -23.0% |
| Accrued charges and deferred income | 492/3 | €3,808 | €2,931 | -€877 | -23.0% |
| Remuneration, social security and pensions | 62 | - | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,569 | €10,753 | +€185 | +1.7% |
| Other operating charges | 640/8 | €1,244 | €812 | -€432 | -34.7% |
| Gross operating margin | 9900 | €99,394 | €123,924 | +€24,530 | +24.7% |
| Operating profit (loss) | 9901 | €87,582 | €112,269 | +€24,687 | +28.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,677 | €1,479 | -€198 | -11.8% |
| Recurring financial charges | 65 | €1,677 | €1,479 | -€198 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €85,904 | €110,789 | +€24,885 | +29.0% |
| Income taxes | 67/77 | €18,258 | €23,356 | +€5,097 | +27.9% |
| Profit (loss) for the period | 9904 | €67,646 | €87,434 | +€19,788 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,646 | €87,434 | +€19,788 | +29.3% |
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 28 September 2026 via checked.be.