EDIT 4U: 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.
EDIT 4U
Largest movements
- Cash +€117,697
up €117,697 (+92.7%), from €126,971 to €244,668
mainly Net result for the year (+€136,780) and Trade debts (+€127,496)
- Receivables within one year +€27,602
up €27,602 (+14.4%), from €192,131 to €219,733
of which Trade receivables: +€28,428
- Tangible fixed assets -€11,008
down €11,008 (-30.0%), from €36,746 to €25,737
of which Furniture and vehicles: -€11,203
- Trade debts +€127,496
up €127,496 (+371%), from €34,323 to €161,819
- Other debts +€83,096
up €83,096 (+50.5%), from €164,514 to €247,610
- Profit (loss) carried forward -€63,220
down €63,220 (-68.7%), from €91,998 to €28,778
- Tax, wage and social debts -€20,104
down €20,104 (-47.9%), from €41,999 to €21,895
- Current portion of long-term debt +€7,784
up €7,784 (+331%), from €2,355 to €10,139
- Gross operating margin -€14,011
down €14,011 (-6.3%), from €221,470 to €207,459
- Taxes -€4,049
down €4,049 (-7.6%), from €53,015 to €48,966
- Depreciation -€3,649
down €3,649 (-19.4%), from €18,825 to €15,176
- Other operating charges +€2,459
up €2,459 (+112%), from €2,187 to €4,647
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 | €356,058 | €490,701 | +€134,643 | +37.8% |
| Fixed assets | 21/28 | €36,838 | €25,830 | -€11,008 | -29.9% |
| Tangible fixed assets | 22/27 | €36,746 | €25,737 | -€11,008 | -30.0% |
| Furniture and vehicles | 24 | €23,190 | €11,987 | -€11,203 | -48.3% |
| Other tangible fixed assets | 26 | €13,556 | €13,750 | +€194 | +1.4% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €319,220 | €464,871 | +€145,651 | +45.6% |
| Amounts receivable within one year | 40/41 | €192,131 | €219,733 | +€27,602 | +14.4% |
| Trade receivables | 40 | €179,241 | €207,669 | +€28,428 | +15.9% |
| Other amounts receivable | 41 | €12,890 | €12,064 | -€826 | -6.4% |
| Cash at bank and in hand | 54/58 | €126,971 | €244,668 | +€117,697 | +92.7% |
| Deferred charges and accrued income | 490/1 | €118 | €470 | +€352 | +297% |
| Total equity and liabilities | 10/49 | €356,058 | €490,701 | +€134,643 | +37.8% |
| Equity | 10/15 | €112,458 | €49,238 | -€63,220 | -56.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,998 | €28,778 | -€63,220 | -68.7% |
| Amounts payable | 17/49 | €243,600 | €441,463 | +€197,863 | +81.2% |
| Amounts payable within one year | 42/48 | €243,191 | €441,463 | +€198,272 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €2,355 | €10,139 | +€7,784 | +331% |
| Trade debts | 44 | €34,323 | €161,819 | +€127,496 | +371% |
| Suppliers | 440/4 | €34,323 | €161,819 | +€127,496 | +371% |
| Taxes, remuneration and social security | 45 | €41,999 | €21,895 | -€20,104 | -47.9% |
| Taxes | 450/3 | €41,999 | €21,895 | -€20,104 | -47.9% |
| Other amounts payable | 47/48 | €164,514 | €247,610 | +€83,096 | +50.5% |
| Accrued charges and deferred income | 492/3 | €409 | - | -€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,825 | €15,176 | -€3,649 | -19.4% |
| Other operating charges | 640/8 | €2,187 | €4,647 | +€2,459 | +112% |
| Gross operating margin | 9900 | €221,470 | €207,459 | -€14,011 | -6.3% |
| Operating profit (loss) | 9901 | €200,457 | €187,636 | -€12,821 | -6.4% |
| Financial income | 75/76B | €808 | €1,442 | +€634 | +78.5% |
| Recurring financial income | 75 | €808 | €1,442 | +€634 | +78.5% |
| Financial charges | 65/66B | €1,283 | €3,332 | +€2,049 | +160% |
| Recurring financial charges | 65 | €1,283 | €3,332 | +€2,049 | +160% |
| Profit (loss) for the period before taxes | 9903 | €199,982 | €185,746 | -€14,236 | -7.1% |
| Income taxes | 67/77 | €53,015 | €48,966 | -€4,049 | -7.6% |
| Profit (loss) for the period | 9904 | €146,967 | €136,780 | -€10,187 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €146,967 | €136,780 | -€10,187 | -6.9% |
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 18 October 2026 via checked.be.