EL ANIMATION: 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.
EL ANIMATION
Largest movements
- Receivables within one year +€18,764
up €18,764 (+7.2%), from €259,733 to €278,497
of which Other amounts receivable: +€23,584
- Tangible fixed assets -€7,464
down €7,464 (-29.2%), from €25,583 to €18,119
- Profit (loss) carried forward +€22,359
up €22,359 (+20.7%), from €108,169 to €130,528
- Debts after one year -€15,384
down €15,384 (-53.8%), from €28,572 to €13,188
- Trade debts +€3,459
up €3,459 (+625.3%), from €553 to €4,012
- Gross operating margin +€3,230
up €3,230 (+7.9%), from €40,884 to €44,113
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 | €287,969 | €297,832 | +€9,863 | +3.4% |
| Fixed assets | 21/28 | €25,583 | €18,119 | -€7,464 | -29.2% |
| Tangible fixed assets | 22/27 | €25,583 | €18,119 | -€7,464 | -29.2% |
| Furniture and vehicles | 24 | €25,583 | €18,119 | -€7,464 | -29.2% |
| Current assets | 29/58 | €262,387 | €279,714 | +€17,327 | +6.6% |
| Amounts receivable within one year | 40/41 | €259,733 | €278,497 | +€18,764 | +7.2% |
| Trade receivables | 40 | €5,687 | €867 | -€4,820 | -84.8% |
| Other amounts receivable | 41 | €254,046 | €277,630 | +€23,584 | +9.3% |
| Cash at bank and in hand | 54/58 | €2,654 | €1,216 | -€1,437 | -54.2% |
| Total equity and liabilities | 10/49 | €287,969 | €297,832 | +€9,863 | +3.4% |
| Equity | 10/15 | €211,002 | €233,361 | +€22,359 | +10.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €84,241 | €84,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,381 | €82,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,169 | €130,528 | +€22,359 | +20.7% |
| Amounts payable | 17/49 | €76,967 | €64,471 | -€12,496 | -16.2% |
| Amounts payable after more than one year | 17 | €28,572 | €13,188 | -€15,384 | -53.8% |
| Financial debts | 170/4 | €28,572 | €13,188 | -€15,384 | -53.8% |
| Amounts payable within one year | 42/48 | €48,395 | €51,283 | +€2,888 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €14,890 | €15,384 | +€494 | +3.3% |
| Trade debts | 44 | €553 | €4,012 | +€3,459 | +625.3% |
| Suppliers | 440/4 | €553 | €4,012 | +€3,459 | +625.3% |
| Taxes, remuneration and social security | 45 | €32,952 | €31,887 | -€1,065 | -3.2% |
| Taxes | 450/3 | €32,952 | €31,887 | -€1,065 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,464 | €7,464 | = | 0.0% |
| Other operating charges | 640/8 | €540 | €380 | -€160 | -29.6% |
| Gross operating margin | 9900 | €40,884 | €44,113 | +€3,230 | +7.9% |
| Operating profit (loss) | 9901 | €32,879 | €36,269 | +€3,390 | +10.3% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €3,809 | €3,934 | +€125 | +3.3% |
| Recurring financial charges | 65 | €3,809 | €3,934 | +€125 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €29,070 | €32,341 | +€3,271 | +11.3% |
| Income taxes | 67/77 | €9,659 | €9,982 | +€323 | +3.3% |
| Profit (loss) for the period | 9904 | €19,411 | €22,359 | +€2,948 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,411 | €22,359 | +€2,948 | +15.2% |
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 5 October 2026 via checked.be.