DRIVEN BY IT: 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.
DRIVEN BY IT
Largest movements
- Cash +€46,729
up €46,729 (+60.4%), from €77,371 to €124,100
mainly Net result for the year (+€62,131) and Depreciation (+€12,211)
- Tangible fixed assets -€12,211
down €12,211 (-30.0%), from €40,692 to €28,480
of which Furniture and vehicles: -€11,924
- Reserves +€60,465
up €60,465 (+82.6%), from €73,208 to €133,673
- Debts after one year -€10,326
down €10,326 (-40.3%), from €25,647 to €15,321
- Tax, wage and social debts -€7,824
down €7,824 (-45.7%), from €17,115 to €9,292
- Other debts -€6,472
down €6,472 (-67.8%), from €9,548 to €3,076
- Gross operating margin +€11,810
up €11,810 (+14.7%), from €80,476 to €92,286
- Taxes +€2,550
up €2,550 (+18.5%), from €13,761 to €16,310
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 | €141,500 | €177,523 | +€36,023 | +25.5% |
| Fixed assets | 21/28 | €40,692 | €28,480 | -€12,211 | -30.0% |
| Tangible fixed assets | 22/27 | €40,692 | €28,480 | -€12,211 | -30.0% |
| Furniture and vehicles | 24 | €39,517 | €27,593 | -€11,924 | -30.2% |
| Other tangible fixed assets | 26 | €1,175 | €887 | -€288 | -24.5% |
| Current assets | 29/58 | €100,808 | €149,043 | +€48,235 | +47.8% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,298 | €14,943 | +€1,646 | +12.4% |
| Trade receivables | 40 | €13,298 | €14,926 | +€1,628 | +12.2% |
| Other amounts receivable | 41 | - | €18 | +€18 | |
| Cash at bank and in hand | 54/58 | €77,371 | €124,100 | +€46,729 | +60.4% |
| Deferred charges and accrued income | 490/1 | €140 | - | -€140 | |
| Total equity and liabilities | 10/49 | €141,500 | €177,523 | +€36,023 | +25.5% |
| Equity | 10/15 | €76,808 | €137,273 | +€60,465 | +78.7% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €73,208 | €133,673 | +€60,465 | +82.6% |
| Distributable reserves | 133 | €73,208 | €133,673 | +€60,465 | +82.6% |
| Amounts payable | 17/49 | €64,692 | €40,250 | -€24,442 | -37.8% |
| Amounts payable after more than one year | 17 | €25,647 | €15,321 | -€10,326 | -40.3% |
| Financial debts | 170/4 | €25,647 | €15,321 | -€10,326 | -40.3% |
| Amounts payable within one year | 42/48 | €37,565 | €24,072 | -€13,492 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €9,938 | €10,326 | +€387 | +3.9% |
| Trade debts | 44 | €963 | €1,379 | +€416 | +43.2% |
| Suppliers | 440/4 | €963 | €1,379 | +€416 | +43.2% |
| Taxes, remuneration and social security | 45 | €17,115 | €9,292 | -€7,824 | -45.7% |
| Taxes | 450/3 | €17,115 | €9,292 | -€7,824 | -45.7% |
| Other amounts payable | 47/48 | €9,548 | €3,076 | -€6,472 | -67.8% |
| Accrued charges and deferred income | 492/3 | €1,481 | €857 | -€624 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,182 | €12,211 | +€30 | +0.2% |
| Other operating charges | 640/8 | €898 | €528 | -€370 | -41.2% |
| Gross operating margin | 9900 | €80,476 | €92,286 | +€11,810 | +14.7% |
| Operating profit (loss) | 9901 | €67,397 | €79,547 | +€12,150 | +18.0% |
| Financial income | 75/76B | €25 | €300 | +€275 | +1,100% |
| Recurring financial income | 75 | €25 | €300 | +€275 | +1,100% |
| Financial charges | 65/66B | €1,780 | €1,405 | -€375 | -21.0% |
| Recurring financial charges | 65 | €1,780 | €1,405 | -€375 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €65,642 | €78,441 | +€12,800 | +19.5% |
| Income taxes | 67/77 | €13,761 | €16,310 | +€2,550 | +18.5% |
| Profit (loss) for the period | 9904 | €51,881 | €62,131 | +€10,250 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,881 | €62,131 | +€10,250 | +19.8% |
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 13 October 2026 via checked.be.