DRIE KOMMA VEERTIEN: 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.
DRIE KOMMA VEERTIEN
Largest movements
- Receivables within one year +€292,037
up €292,037 (+37,706%), from €775 to €292,811
- Cash -€65,528
down €65,528 (-65.5%), from €100,066 to €34,538
mainly Contributions, distributions and other (-€550,000) and Receivables within one year (-€292,037)
- Other debts +€230,384
up €230,384 (+162%), from €141,930 to €372,315
- Reserves +€43,224
new in 2025: €43,224
- Debts after one year -€25,714
down €25,714 (-9.7%), from €265,714 to €240,000
- Tax, wage and social debts -€24,250
down €24,250 (-72.6%), from €33,384 to €9,133
- Financial income +€430,467
up €430,467 (+585%), from €73,586 to €504,053
- Financial charges -€3,116
down €3,116 (-20.4%), from €15,249 to €12,133
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 | €474,987 | €699,576 | +€224,589 | +47.3% |
| Fixed assets | 21/28 | €374,147 | €372,227 | -€1,920 | -0.5% |
| Tangible fixed assets | 22/27 | €9,147 | €7,227 | -€1,920 | -21.0% |
| Plant, machinery and equipment | 23 | €2,870 | €1,716 | -€1,154 | -40.2% |
| Furniture and vehicles | 24 | €6,277 | €5,511 | -€767 | -12.2% |
| Financial fixed assets | 28 | €365,000 | €365,000 | = | 0.0% |
| Current assets | 29/58 | €100,841 | €327,349 | +€226,509 | +225% |
| Amounts receivable within one year | 40/41 | €775 | €292,811 | +€292,037 | +37,706% |
| Other amounts receivable | 41 | €775 | €292,811 | +€292,037 | +37,706% |
| Cash at bank and in hand | 54/58 | €100,066 | €34,538 | -€65,528 | -65.5% |
| Total equity and liabilities | 10/49 | €474,987 | €699,576 | +€224,589 | +47.3% |
| Equity | 10/15 | €2,000 | €45,224 | +€43,224 | +2,161% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €43,224 | +€43,224 | |
| Distributable reserves | 133 | - | €43,224 | +€43,224 | |
| Amounts payable | 17/49 | €472,987 | €654,352 | +€181,365 | +38.3% |
| Amounts payable after more than one year | 17 | €265,714 | €240,000 | -€25,714 | -9.7% |
| Financial debts | 170/4 | €265,714 | €240,000 | -€25,714 | -9.7% |
| Amounts payable within one year | 42/48 | €201,340 | €408,419 | +€207,079 | +103% |
| Current portion of amounts payable after more than one year | 42 | €25,714 | €25,714 | = | 0.0% |
| Trade debts | 44 | €312 | €1,256 | +€945 | +303% |
| Suppliers | 440/4 | €312 | €1,256 | +€945 | +303% |
| Taxes, remuneration and social security | 45 | €33,384 | €9,133 | -€24,250 | -72.6% |
| Taxes | 450/3 | €33,384 | €9,133 | -€24,250 | -72.6% |
| Other amounts payable | 47/48 | €141,930 | €372,315 | +€230,384 | +162% |
| Accrued charges and deferred income | 492/3 | €5,933 | €5,933 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €1,920 | +€375 | +24.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €133,412 | €133,501 | +€90 | +0.1% |
| Operating profit (loss) | 9901 | €131,479 | €131,182 | -€298 | -0.2% |
| Financial income | 75/76B | €73,586 | €504,053 | +€430,467 | +585% |
| Recurring financial income | 75 | €73,586 | €504,053 | +€430,467 | +585% |
| Financial charges | 65/66B | €15,249 | €12,133 | -€3,116 | -20.4% |
| Recurring financial charges | 65 | €15,249 | €12,133 | -€3,116 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €189,816 | €623,102 | +€433,286 | +228% |
| Income taxes | 67/77 | €29,226 | €29,878 | +€652 | +2.2% |
| Profit (loss) for the period | 9904 | €160,590 | €593,224 | +€432,634 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €160,590 | €593,224 | +€432,634 | +269% |
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 17 October 2026 via checked.be.