EDITEXT: 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.
EDITEXT
Largest movements
- Cash -€17,418
down €17,418 (-30.9%), from €56,394 to €38,976
mainly Contributions, distributions and other (-€49,000) and Receivables within one year (-€4,801)
- Tangible fixed assets -€5,046
down €5,046 (-22.8%), from €22,094 to €17,048
of which Furniture and vehicles: -€4,286
- Receivables within one year +€4,801
up €4,801 (+6.8%), from €70,922 to €75,723
of which Other amounts receivable: +€4,906
- Reserves -€28,412
down €28,412 (-24.1%), from €118,097 to €89,685
- Tax, wage and social debts +€11,512
up €11,512 (+187.0%), from €6,157 to €17,669
- Gross operating margin -€18,870
down €18,870 (-31.9%), from €59,122 to €40,252
- Taxes -€5,838
down €5,838 (-30.5%), from €19,135 to €13,297
- Financial income +€2,188
up €2,188 (+274.1%), from €798 to €2,986
- Staff costs +€1,920
new in 2025: €1,920
- Depreciation -€1,735
down €1,735 (-25.6%), from €6,781 to €5,046
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 | €149,410 | €131,746 | -€17,664 | -11.8% |
| Fixed assets | 21/28 | €22,094 | €17,048 | -€5,046 | -22.8% |
| Tangible fixed assets | 22/27 | €22,094 | €17,048 | -€5,046 | -22.8% |
| Furniture and vehicles | 24 | €16,691 | €12,405 | -€4,286 | -25.7% |
| Other tangible fixed assets | 26 | €5,403 | €4,643 | -€760 | -14.1% |
| Current assets | 29/58 | €127,316 | €114,699 | -€12,618 | -9.9% |
| Amounts receivable within one year | 40/41 | €70,922 | €75,723 | +€4,801 | +6.8% |
| Trade receivables | 40 | €38,524 | €38,419 | -€105 | -0.3% |
| Other amounts receivable | 41 | €32,398 | €37,304 | +€4,906 | +15.1% |
| Cash at bank and in hand | 54/58 | €56,394 | €38,976 | -€17,418 | -30.9% |
| Total equity and liabilities | 10/49 | €149,410 | €131,746 | -€17,664 | -11.8% |
| Equity | 10/15 | €137,097 | €108,685 | -€28,412 | -20.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €118,097 | €89,685 | -€28,412 | -24.1% |
| Distributable reserves | 133 | €118,097 | €89,685 | -€28,412 | -24.1% |
| Amounts payable | 17/49 | €12,313 | €23,061 | +€10,748 | +87.3% |
| Amounts payable within one year | 42/48 | €12,313 | €23,061 | +€10,748 | +87.3% |
| Financial debts | 43 | €317 | €207 | -€110 | -34.7% |
| Credit institutions | 430/8 | €317 | €207 | -€110 | -34.7% |
| Trade debts | 44 | €5,840 | €5,186 | -€654 | -11.2% |
| Suppliers | 440/4 | €5,840 | €5,186 | -€654 | -11.2% |
| Taxes, remuneration and social security | 45 | €6,157 | €17,669 | +€11,512 | +187.0% |
| Taxes | 450/3 | €6,157 | €17,669 | +€11,512 | +187.0% |
| Remuneration, social security and pensions | 62 | - | €1,920 | +€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,781 | €5,046 | -€1,735 | -25.6% |
| Other operating charges | 640/8 | €1,977 | €2,166 | +€189 | +9.6% |
| Gross operating margin | 9900 | €59,122 | €40,252 | -€18,870 | -31.9% |
| Operating profit (loss) | 9901 | €50,364 | €31,120 | -€19,245 | -38.2% |
| Financial income | 75/76B | €798 | €2,986 | +€2,188 | +274.1% |
| Recurring financial income | 75 | €798 | €2,986 | +€2,188 | +274.1% |
| Financial charges | 65/66B | €68 | €221 | +€153 | +224.7% |
| Recurring financial charges | 65 | €68 | €221 | +€153 | +224.7% |
| Profit (loss) for the period before taxes | 9903 | €51,095 | €33,885 | -€17,210 | -33.7% |
| Income taxes | 67/77 | €19,135 | €13,297 | -€5,838 | -30.5% |
| Profit (loss) for the period | 9904 | €31,960 | €20,588 | -€11,372 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,960 | €20,588 | -€11,372 | -35.6% |
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 3 October 2026 via checked.be.