DRY NEEDLING TRIGGER: 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.
DRY NEEDLING TRIGGER
Largest movements
- Cash +€144,767
up €144,767 (+61.5%), from €235,366 to €380,133
mainly Net result for the year (+€114,846) and Accrued charges and deferred income (+€114,550)
- Receivables within one year +€60,671
up €60,671 (+71.4%), from €85,002 to €145,673
of which Trade receivables: +€60,829
- Reserves +€114,846
up €114,846 (+146.6%), from €78,341 to €193,186
- Accrued charges and deferred income +€114,550
up €114,550 (+79.2%), from €144,551 to €259,100
- Other debts -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Tax, wage and social debts +€30,363
up €30,363 (+1811.8%), from €1,676 to €32,039
- Trade debts +€22,179
up €22,179 (+30.7%), from €72,133 to €94,311
- Taxes +€19,404
new in 2025: €19,404
- Gross operating margin +€8,424
up €8,424 (+6.0%), from €141,017 to €149,441
- Depreciation +€2,726
up €2,726 (+24.7%), from €11,044 to €13,770
- Financial charges -€1,799
down €1,799 (-55.7%), from €3,228 to €1,429
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 | €393,213 | €593,297 | +€200,084 | +50.9% |
| Fixed assets | 21/28 | €37,029 | €36,139 | -€889 | -2.4% |
| Intangible fixed assets | 21 | €34,684 | €36,139 | +€1,455 | +4.2% |
| Tangible fixed assets | 22/27 | €2,344 | €0 | -€2,344 | -100.0% |
| Plant, machinery and equipment | 23 | €2,344 | €0 | -€2,344 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €356,185 | €557,158 | +€200,973 | +56.4% |
| Stocks and contracts in progress | 3 | €35,081 | €30,667 | -€4,414 | -12.6% |
| Stocks | 30/36 | €35,081 | €30,667 | -€4,414 | -12.6% |
| Amounts receivable within one year | 40/41 | €85,002 | €145,673 | +€60,671 | +71.4% |
| Trade receivables | 40 | €80,457 | €141,286 | +€60,829 | +75.6% |
| Other amounts receivable | 41 | €4,545 | €4,387 | -€158 | -3.5% |
| Cash at bank and in hand | 54/58 | €235,366 | €380,133 | +€144,767 | +61.5% |
| Deferred charges and accrued income | 490/1 | €736 | €685 | -€51 | -6.9% |
| Total equity and liabilities | 10/49 | €393,213 | €593,297 | +€200,084 | +50.9% |
| Equity | 10/15 | €84,341 | €199,186 | +€114,846 | +136.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €78,341 | €193,186 | +€114,846 | +146.6% |
| Distributable reserves | 133 | €78,341 | €193,186 | +€114,846 | +146.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €308,873 | €394,111 | +€85,238 | +27.6% |
| Amounts payable within one year | 42/48 | €164,322 | €135,010 | -€29,311 | -17.8% |
| Financial debts | 43 | €514 | €8,661 | +€8,147 | +1586.6% |
| Credit institutions | 430/8 | €514 | €8,661 | +€8,147 | +1586.6% |
| Trade debts | 44 | €72,133 | €94,311 | +€22,179 | +30.7% |
| Suppliers | 440/4 | €72,133 | €94,311 | +€22,179 | +30.7% |
| Taxes, remuneration and social security | 45 | €1,676 | €32,039 | +€30,363 | +1811.8% |
| Taxes | 450/3 | €1,676 | €32,039 | +€30,363 | +1811.8% |
| Other amounts payable | 47/48 | €90,000 | €0 | -€90,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €144,551 | €259,100 | +€114,550 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,044 | €13,770 | +€2,726 | +24.7% |
| Other operating charges | 640/8 | €1,759 | €654 | -€1,106 | -62.8% |
| Non-recurring operating charges | 66A | - | €895 | +€895 | |
| Gross operating margin | 9900 | €141,017 | €149,441 | +€8,424 | +6.0% |
| Operating profit (loss) | 9901 | €128,214 | €134,123 | +€5,909 | +4.6% |
| Financial income | 75/76B | €151 | €1,556 | +€1,406 | +931.4% |
| Recurring financial income | 75 | €151 | €1,556 | +€1,406 | +931.4% |
| Financial charges | 65/66B | €3,228 | €1,429 | -€1,799 | -55.7% |
| Recurring financial charges | 65 | €3,228 | €1,429 | -€1,799 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €125,137 | €134,250 | +€9,114 | +7.3% |
| Income taxes | 67/77 | - | €19,404 | +€19,404 | |
| Profit (loss) for the period | 9904 | €125,137 | €114,846 | -€10,291 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €125,137 | €114,846 | -€10,291 | -8.2% |
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 11 October 2026 via checked.be.