EIXAMPLE: 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.
EIXAMPLE
Largest movements
- Receivables within one year +€90,750
up €90,750 (+200%), from €45,375 to €136,125
of which Trade receivables: +€90,750
- Current investments -€46,823
down €46,823 (-100%), from €46,823 to €0
- Cash +€17,620
up €17,620 (+9.3%), from €189,458 to €207,078
mainly Net result for the year (+€78,667) and Current investments (+€46,823)
- Tangible fixed assets -€8,886
down €8,886 (-40.3%), from €22,061 to €13,175
of which Furniture and vehicles: -€8,345
- Reserves +€78,667
up €78,667 (+38.1%), from €206,433 to €285,100
- Other debts -€33,680
down €33,680 (-49.4%), from €68,172 to €34,492
- Tax, wage and social debts +€9,091
up €9,091 (+66.3%), from €13,705 to €22,797
- Gross operating margin +€20,811
up €20,811 (+23.0%), from €90,494 to €111,305
- Financial income +€17,553
up €17,553 (+2,182%), from €804 to €18,357
- Taxes +€7,109
up €7,109 (+31.2%), from €22,796 to €29,905
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 | €303,717 | €356,378 | +€52,660 | +17.3% |
| Fixed assets | 21/28 | €22,061 | €13,175 | -€8,886 | -40.3% |
| Tangible fixed assets | 22/27 | €22,061 | €13,175 | -€8,886 | -40.3% |
| Furniture and vehicles | 24 | €19,982 | €11,637 | -€8,345 | -41.8% |
| Other tangible fixed assets | 26 | €2,079 | €1,538 | -€541 | -26.0% |
| Current assets | 29/58 | €281,656 | €343,203 | +€61,547 | +21.9% |
| Amounts receivable within one year | 40/41 | €45,375 | €136,125 | +€90,750 | +200% |
| Trade receivables | 40 | €45,375 | €136,125 | +€90,750 | +200% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €46,823 | €0 | -€46,823 | -100% |
| Cash at bank and in hand | 54/58 | €189,458 | €207,078 | +€17,620 | +9.3% |
| Total equity and liabilities | 10/49 | €303,717 | €356,378 | +€52,660 | +17.3% |
| Equity | 10/15 | €212,633 | €291,300 | +€78,667 | +37.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €206,433 | €285,100 | +€78,667 | +38.1% |
| Distributable reserves | 133 | €206,433 | €285,100 | +€78,667 | +38.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €91,084 | €65,077 | -€26,007 | -28.6% |
| Amounts payable within one year | 42/48 | €85,851 | €61,309 | -€24,542 | -28.6% |
| Trade debts | 44 | €3,974 | €4,020 | +€46 | +1.2% |
| Suppliers | 440/4 | €3,974 | €4,020 | +€46 | +1.2% |
| Taxes, remuneration and social security | 45 | €13,705 | €22,797 | +€9,091 | +66.3% |
| Taxes | 450/3 | €13,705 | €22,797 | +€9,091 | +66.3% |
| Other amounts payable | 47/48 | €68,172 | €34,492 | -€33,680 | -49.4% |
| Accrued charges and deferred income | 492/3 | €5,233 | €3,769 | -€1,465 | -28.0% |
| Remuneration, social security and pensions | 62 | €500 | €0 | -€500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,580 | €11,156 | +€575 | +5.4% |
| Other operating charges | 640/8 | €2,240 | €2,388 | +€148 | +6.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €90,494 | €111,305 | +€20,811 | +23.0% |
| Operating profit (loss) | 9901 | €77,174 | €97,761 | +€20,587 | +26.7% |
| Financial income | 75/76B | €804 | €18,357 | +€17,553 | +2,182% |
| Recurring financial income | 75 | €804 | €18,357 | +€17,553 | +2,182% |
| Financial charges | 65/66B | €6,982 | €7,547 | +€565 | +8.1% |
| Recurring financial charges | 65 | €6,982 | €7,547 | +€565 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €70,997 | €108,572 | +€37,575 | +52.9% |
| Income taxes | 67/77 | €22,796 | €29,905 | +€7,109 | +31.2% |
| Profit (loss) for the period | 9904 | €48,201 | €78,667 | +€30,467 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,201 | €78,667 | +€30,467 | +63.2% |
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 28 October 2026 via checked.be.