EDITS: 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.
EDITS
Largest movements
- Receivables within one year +€15,378
up €15,378 (+40.2%), from €38,228 to €53,606
of which Other amounts receivable: +€14,142
- Tangible fixed assets +€7,172
up €7,172 (+52.0%), from €13,797 to €20,969
of which Furniture and vehicles: +€8,483
- Cash +€1,134
up €1,134 (+9.1%), from €12,425 to €13,559
mainly Net result for the year (+€20,818) and Debts after one year (+€12,123)
- Debts after one year +€12,123
new in 2025: €12,123
- Current portion of long-term debt +€8,213
new in 2025: €8,213
- Trade debts -€6,954
down €6,954 (-88.2%), from €7,882 to €928
- Tax, wage and social debts +€4,900
up €4,900 (+18.4%), from €26,700 to €31,600
- Reserves +€4,028
up €4,028 (+9.3%), from €43,424 to €47,452
- Gross operating margin +€12,846
up €12,846 (+59.3%), from €21,669 to €34,515
- Financial income +€8,857
up €8,857 (+2761.2%), from €321 to €9,178
of which Non-recurring financial income: +€8,888
- Taxes +€6,066
up €6,066 (+97.2%), from €6,239 to €12,305
- Depreciation +€2,028
up €2,028 (+45.6%), from €4,443 to €6,471
- Financial charges -€1,337
down €1,337 (-39.4%), from €3,395 to €2,057
of which Financial charges: -€1,348
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 | €78,311 | €101,274 | +€22,963 | +29.3% |
| Fixed assets | 21/28 | €15,197 | €22,369 | +€7,172 | +47.2% |
| Tangible fixed assets | 22/27 | €13,797 | €20,969 | +€7,172 | +52.0% |
| Land and buildings | 22 | €1,707 | €1,436 | -€271 | -15.9% |
| Plant, machinery and equipment | 23 | €9,594 | €8,554 | -€1,040 | -10.8% |
| Furniture and vehicles | 24 | €2,496 | €10,979 | +€8,483 | +339.9% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €63,114 | €78,905 | +€15,791 | +25.0% |
| Amounts receivable within one year | 40/41 | €38,228 | €53,606 | +€15,378 | +40.2% |
| Trade receivables | 40 | €14,446 | €15,682 | +€1,236 | +8.6% |
| Other amounts receivable | 41 | €23,783 | €37,925 | +€14,142 | +59.5% |
| Cash at bank and in hand | 54/58 | €12,425 | €13,559 | +€1,134 | +9.1% |
| Deferred charges and accrued income | 490/1 | €12,461 | €11,740 | -€722 | -5.8% |
| Total equity and liabilities | 10/49 | €78,311 | €101,274 | +€22,963 | +29.3% |
| Equity | 10/15 | €43,424 | €47,452 | +€4,028 | +9.3% |
| Reserves | 13 | €43,424 | €47,452 | +€4,028 | +9.3% |
| Distributable reserves | 133 | €43,424 | €47,452 | +€4,028 | +9.3% |
| Amounts payable | 17/49 | €34,887 | €53,822 | +€18,935 | +54.3% |
| Amounts payable after more than one year | 17 | - | €12,123 | +€12,123 | |
| Financial debts | 170/4 | - | €12,123 | +€12,123 | |
| Amounts payable within one year | 42/48 | €34,832 | €41,700 | +€6,868 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,213 | +€8,213 | |
| Trade debts | 44 | €7,882 | €928 | -€6,954 | -88.2% |
| Suppliers | 440/4 | €7,882 | €928 | -€6,954 | -88.2% |
| Taxes, remuneration and social security | 45 | €26,700 | €31,600 | +€4,900 | +18.4% |
| Taxes | 450/3 | €26,700 | €31,600 | +€4,900 | +18.4% |
| Other amounts payable | 47/48 | €250 | €959 | +€709 | +283.6% |
| Accrued charges and deferred income | 492/3 | €56 | - | -€56 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,443 | €6,471 | +€2,028 | +45.6% |
| Other operating charges | 640/8 | €1,678 | €2,042 | +€363 | +21.6% |
| Gross operating margin | 9900 | €21,669 | €34,515 | +€12,846 | +59.3% |
| Operating profit (loss) | 9901 | €15,547 | €26,002 | +€10,455 | +67.2% |
| Financial income | 75/76B | €321 | €9,178 | +€8,857 | +2761.2% |
| Recurring financial income | 75 | €321 | €290 | -€31 | -9.6% |
| Non-recurring financial income | 76B | - | €8,888 | +€8,888 | |
| Financial charges | 65/66B | €3,395 | €2,057 | -€1,337 | -39.4% |
| Recurring financial charges | 65 | €3,342 | €1,994 | -€1,348 | -40.3% |
| Non-recurring financial charges | 66B | €53 | €63 | +€10 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €12,473 | €33,123 | +€20,650 | +165.6% |
| Income taxes | 67/77 | €6,239 | €12,305 | +€6,066 | +97.2% |
| Profit (loss) for the period | 9904 | €6,234 | €20,818 | +€14,584 | +233.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,234 | €20,818 | +€14,584 | +233.9% |
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 10 October 2026 via checked.be.