Drive: 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.
Drive
Largest movements
- Receivables within one year +€14,792
up €14,792 (+67.5%), from €21,917 to €36,709
of which Trade receivables: +€18,638
- Tangible fixed assets -€5,654
down €5,654 (-61.3%), from €9,218 to €3,564
of which Furniture and vehicles: -€4,940
- Cash -€1,382
down €1,382 (-4.2%), from €32,903 to €31,520
mainly Advances received (-€15,271) and Receivables within one year (-€14,792)
- Profit (loss) carried forward +€17,936
up €17,936 (+70.9%), from -€25,300 to -€7,364
- Advances received -€15,271
down €15,271 (-72.8%), from €20,982 to €5,710
- Trade debts +€13,994
up €13,994 (+91.7%), from €15,259 to €29,253
- Tax, wage and social debts -€9,915
down €9,915 (-68.2%), from €14,530 to €4,615
of which Taxes: -€7,415
- Other debts +€1,165
up €1,165 (+12.2%), from €9,571 to €10,736
- Gross operating margin +€50,289
up €50,289, from -€24,839 to €25,449
- Other operating charges +€336
up €336 (+31.3%), from €1,075 to €1,411
- Depreciation +€335
up €335 (+6.3%), from €5,320 to €5,654
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 | €65,029 | €72,914 | +€7,884 | +12.1% |
| Fixed assets | 21/28 | €9,218 | €3,564 | -€5,654 | -61.3% |
| Tangible fixed assets | 22/27 | €9,218 | €3,564 | -€5,654 | -61.3% |
| Plant, machinery and equipment | 23 | €3,394 | €2,680 | -€714 | -21.0% |
| Furniture and vehicles | 24 | €5,824 | €884 | -€4,940 | -84.8% |
| Current assets | 29/58 | €55,811 | €69,350 | +€13,538 | +24.3% |
| Amounts receivable within one year | 40/41 | €21,917 | €36,709 | +€14,792 | +67.5% |
| Trade receivables | 40 | €18,003 | €36,641 | +€18,638 | +103.5% |
| Other amounts receivable | 41 | €3,913 | €68 | -€3,845 | -98.3% |
| Cash at bank and in hand | 54/58 | €32,903 | €31,520 | -€1,382 | -4.2% |
| Deferred charges and accrued income | 490/1 | €992 | €1,120 | +€129 | +13.0% |
| Total equity and liabilities | 10/49 | €65,029 | €72,914 | +€7,884 | +12.1% |
| Equity | 10/15 | €4,664 | €22,600 | +€17,936 | +384.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,764 | €23,764 | = | 0.0% |
| 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 | €21,904 | €21,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,300 | -€7,364 | +€17,936 | +70.9% |
| Amounts payable | 17/49 | €60,365 | €50,314 | -€10,052 | -16.7% |
| Amounts payable within one year | 42/48 | €60,355 | €50,314 | -€10,042 | -16.6% |
| Financial debts | 43 | €14 | €0 | -€14 | -100.0% |
| Credit institutions | 430/8 | €14 | €0 | -€14 | -100.0% |
| Trade debts | 44 | €15,259 | €29,253 | +€13,994 | +91.7% |
| Suppliers | 440/4 | €15,259 | €29,253 | +€13,994 | +91.7% |
| Advances received on contracts in progress | 46 | €20,982 | €5,710 | -€15,271 | -72.8% |
| Taxes, remuneration and social security | 45 | €14,530 | €4,615 | -€9,915 | -68.2% |
| Taxes | 450/3 | €12,030 | €4,615 | -€7,415 | -61.6% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €9,571 | €10,736 | +€1,165 | +12.2% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,320 | €5,654 | +€335 | +6.3% |
| Other operating charges | 640/8 | €1,075 | €1,411 | +€336 | +31.3% |
| Gross operating margin | 9900 | -€24,839 | €25,449 | +€50,289 | |
| Operating profit (loss) | 9901 | -€31,234 | €18,384 | +€49,618 | |
| Financial income | 75/76B | €138 | €111 | -€27 | -19.3% |
| Recurring financial income | 75 | €138 | €111 | -€27 | -19.3% |
| Financial charges | 65/66B | €668 | €422 | -€246 | -36.8% |
| Recurring financial charges | 65 | €668 | €422 | -€246 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,763 | €18,074 | +€49,837 | |
| Income taxes | 67/77 | €128 | €138 | +€10 | +7.7% |
| Profit (loss) for the period | 9904 | -€31,891 | €17,936 | +€49,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,891 | €17,936 | +€49,827 |
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 5 October 2026 via checked.be.