dot to dot: 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.
dot to dot
Largest movements
- Cash -€31,985
down €31,985 (-43.3%), from €73,855 to €41,870
mainly Contributions, distributions and other (-€140,000) and Receivables within one year (-€12,816)
- Receivables within one year +€12,816
up €12,816 (+112.5%), from €11,394 to €24,210
of which Trade receivables: +€12,758
- Tangible fixed assets +€1,577
up €1,577 (+14.3%), from €11,029 to €12,606
of which Furniture and vehicles: +€3,111
- Reserves -€76,417
down €76,417 (-83.9%), from €91,065 to €14,648
- Other debts +€42,747
up €42,747 (+1861.9%), from €2,296 to €45,042
- Tax, wage and social debts +€15,487
up €15,487 (+1817.3%), from €852 to €16,339
- Gross operating margin +€52,108
up €52,108 (+147.1%), from €35,432 to €87,540
- Taxes +€11,889
up €11,889 (+173.5%), from €6,853 to €18,742
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 | €97,225 | €79,662 | -€17,563 | -18.1% |
| Fixed assets | 21/28 | €11,029 | €12,606 | +€1,577 | +14.3% |
| Tangible fixed assets | 22/27 | €11,029 | €12,606 | +€1,577 | +14.3% |
| Land and buildings | 22 | €3,724 | €3,060 | -€664 | -17.8% |
| Plant, machinery and equipment | 23 | €4,976 | €4,107 | -€869 | -17.5% |
| Furniture and vehicles | 24 | €2,329 | €5,440 | +€3,111 | +133.5% |
| Current assets | 29/58 | €86,196 | €67,056 | -€19,140 | -22.2% |
| Amounts receivable within one year | 40/41 | €11,394 | €24,210 | +€12,816 | +112.5% |
| Trade receivables | 40 | €10,746 | €23,504 | +€12,758 | +118.7% |
| Other amounts receivable | 41 | €647 | €706 | +€58 | +9.0% |
| Cash at bank and in hand | 54/58 | €73,855 | €41,870 | -€31,985 | -43.3% |
| Deferred charges and accrued income | 490/1 | €947 | €976 | +€29 | +3.0% |
| Total equity and liabilities | 10/49 | €97,225 | €79,662 | -€17,563 | -18.1% |
| Equity | 10/15 | €93,565 | €17,148 | -€76,417 | -81.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €91,065 | €14,648 | -€76,417 | -83.9% |
| Distributable reserves | 133 | €91,065 | €14,648 | -€76,417 | -83.9% |
| Amounts payable | 17/49 | €3,660 | €62,514 | +€58,855 | +1608.1% |
| Amounts payable within one year | 42/48 | €3,660 | €62,514 | +€58,855 | +1608.1% |
| Trade debts | 44 | €512 | €1,132 | +€621 | +121.3% |
| Suppliers | 440/4 | €512 | €1,132 | +€621 | +121.3% |
| Taxes, remuneration and social security | 45 | €852 | €16,339 | +€15,487 | +1817.3% |
| Taxes | 450/3 | €852 | €16,339 | +€15,487 | +1817.3% |
| Other amounts payable | 47/48 | €2,296 | €45,042 | +€42,747 | +1861.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,958 | €4,005 | +€47 | +1.2% |
| Other operating charges | 640/8 | €504 | €780 | +€276 | +54.8% |
| Gross operating margin | 9900 | €35,432 | €87,540 | +€52,108 | +147.1% |
| Operating profit (loss) | 9901 | €30,970 | €82,754 | +€51,785 | +167.2% |
| Financial charges | 65/66B | €448 | €430 | -€18 | -4.0% |
| Recurring financial charges | 65 | €448 | €430 | -€18 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €30,522 | €82,324 | +€51,803 | +169.7% |
| Income taxes | 67/77 | €6,853 | €18,742 | +€11,889 | +173.5% |
| Profit (loss) for the period | 9904 | €23,669 | €63,583 | +€39,914 | +168.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,669 | €63,583 | +€39,914 | +168.6% |
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 8 October 2026 via checked.be.