DRILLDOWN: 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.
DRILLDOWN
Largest movements
- Cash +€6,694
up €6,694 (+47.2%), from €14,194 to €20,888
mainly Net result for the year (+€4,019) and Depreciation (+€2,879)
- Tangible fixed assets -€2,879
down €2,879 (-31.6%), from €9,118 to €6,239
- Profit (loss) carried forward +€4,019
up €4,019 (+24.7%), from €16,245 to €20,264
- Taxes -€461
down €461 (-26.5%), from €1,741 to €1,280
- Gross operating margin -€351
down €351 (-3.8%), from €9,127 to €8,775
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 | €141,714 | €145,529 | +€3,815 | +2.7% |
| Fixed assets | 21/28 | €126,520 | €123,642 | -€2,879 | -2.3% |
| Tangible fixed assets | 22/27 | €9,118 | €6,239 | -€2,879 | -31.6% |
| Furniture and vehicles | 24 | €9,118 | €6,239 | -€2,879 | -31.6% |
| Financial fixed assets | 28 | €117,402 | €117,402 | = | 0.0% |
| Current assets | 29/58 | €15,194 | €21,888 | +€6,694 | +44.1% |
| Amounts receivable within one year | 40/41 | €1,000 | €1,000 | = | 0.0% |
| Trade receivables | 40 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,194 | €20,888 | +€6,694 | +47.2% |
| Total equity and liabilities | 10/49 | €141,714 | €145,529 | +€3,815 | +2.7% |
| Equity | 10/15 | €137,312 | €141,331 | +€4,019 | +2.9% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €108,672 | €108,672 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,708 | €1,708 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,708 | €1,708 | = | 0.0% |
| Tax-exempt reserves | 132 | €106,964 | €106,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,245 | €20,264 | +€4,019 | +24.7% |
| Amounts payable | 17/49 | €4,402 | €4,198 | -€204 | -4.6% |
| Amounts payable within one year | 42/48 | €4,402 | €4,198 | -€204 | -4.6% |
| Trade debts | 44 | €64 | €112 | +€48 | +75.8% |
| Suppliers | 440/4 | €64 | €112 | +€48 | +75.8% |
| Taxes, remuneration and social security | 45 | €3,089 | €3,226 | +€136 | +4.4% |
| Taxes | 450/3 | €3,089 | €3,226 | +€136 | +4.4% |
| Other amounts payable | 47/48 | €1,249 | €860 | -€389 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,869 | €2,879 | +€10 | +0.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €9,127 | €8,775 | -€351 | -3.8% |
| Operating profit (loss) | 9901 | €5,870 | €5,497 | -€374 | -6.4% |
| Financial charges | 65/66B | €165 | €197 | +€32 | +19.4% |
| Recurring financial charges | 65 | €165 | €197 | +€32 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €5,705 | €5,300 | -€406 | -7.1% |
| Income taxes | 67/77 | €1,741 | €1,280 | -€461 | -26.5% |
| Profit (loss) for the period | 9904 | €3,964 | €4,019 | +€55 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,964 | €4,019 | +€55 | +1.4% |
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 3 October 2026 via checked.be.