E - CONCEPT: 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.
E - CONCEPT
Largest movements
- Receivables within one year +€25,903
up €25,903 (+512.9%), from €5,050 to €30,953
of which Trade receivables: +€25,899
- Cash +€10,271
up €10,271 (+13.6%), from €75,299 to €85,570
mainly Net result for the year (+€31,299) and Other debts (+€26,291)
- Other debts +€26,291
up €26,291 (+389.3%), from €6,753 to €33,045
- Tax, wage and social debts +€14,662
up €14,662 (+89.5%), from €16,380 to €31,042
- Reserves -€4,160
down €4,160 (-6.5%), from €63,933 to €59,773
of which Distributable reserves: -€4,160
- Gross operating margin +€20,657
up €20,657 (+57.6%), from €35,858 to €56,515
- Other operating charges +€5,197
up €5,197 (+415.3%), from €1,251 to €6,448
- Taxes +€4,623
up €4,623 (+42.5%), from €10,871 to €15,494
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 | €89,555 | €126,366 | +€36,811 | +41.1% |
| Fixed assets | 21/28 | €6,564 | €6,819 | +€255 | +3.9% |
| Tangible fixed assets | 22/27 | €6,564 | €6,819 | +€255 | +3.9% |
| Furniture and vehicles | 24 | €3,138 | €3,780 | +€642 | +20.5% |
| Other tangible fixed assets | 26 | €3,427 | €3,039 | -€388 | -11.3% |
| Current assets | 29/58 | €82,991 | €119,547 | +€36,557 | +44.0% |
| Amounts receivable within one year | 40/41 | €5,050 | €30,953 | +€25,903 | +512.9% |
| Trade receivables | 40 | €3,690 | €29,589 | +€25,899 | +701.8% |
| Other amounts receivable | 41 | €1,360 | €1,364 | +€4 | +0.3% |
| Cash at bank and in hand | 54/58 | €75,299 | €85,570 | +€10,271 | +13.6% |
| Deferred charges and accrued income | 490/1 | €2,641 | €3,024 | +€383 | +14.5% |
| Total equity and liabilities | 10/49 | €89,555 | €126,366 | +€36,811 | +41.1% |
| Equity | 10/15 | €63,933 | €59,773 | -€4,160 | -6.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €63,933 | €59,773 | -€4,160 | -6.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €63,933 | €59,773 | -€4,160 | -6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,622 | €66,594 | +€40,971 | +159.9% |
| Amounts payable within one year | 42/48 | €25,622 | €66,594 | +€40,971 | +159.9% |
| Financial debts | 43 | €597 | €680 | +€84 | +14.0% |
| Credit institutions | 430/8 | €597 | €680 | +€84 | +14.0% |
| Trade debts | 44 | €1,892 | €1,826 | -€65 | -3.5% |
| Suppliers | 440/4 | €1,892 | €1,826 | -€65 | -3.5% |
| Taxes, remuneration and social security | 45 | €16,380 | €31,042 | +€14,662 | +89.5% |
| Taxes | 450/3 | €16,380 | €31,042 | +€14,662 | +89.5% |
| Other amounts payable | 47/48 | €6,753 | €33,045 | +€26,291 | +389.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,479 | €2,018 | +€540 | +36.5% |
| Other operating charges | 640/8 | €1,251 | €6,448 | +€5,197 | +415.3% |
| Gross operating margin | 9900 | €35,858 | €56,515 | +€20,657 | +57.6% |
| Operating profit (loss) | 9901 | €33,129 | €48,049 | +€14,920 | +45.0% |
| Financial income | 75/76B | €88 | €36 | -€52 | -58.8% |
| Recurring financial income | 75 | €88 | €36 | -€52 | -58.8% |
| Financial charges | 65/66B | €786 | €1,292 | +€506 | +64.4% |
| Recurring financial charges | 65 | €786 | €1,292 | +€506 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €32,431 | €46,793 | +€14,362 | +44.3% |
| Income taxes | 67/77 | €10,871 | €15,494 | +€4,623 | +42.5% |
| Profit (loss) for the period | 9904 | €21,560 | €31,299 | +€9,739 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,560 | €31,299 | +€9,739 | +45.2% |
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.