Element 26: 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.
Element 26
Largest movements
- Cash -€19,303
down €19,303 (-55.0%), from €35,082 to €15,778
mainly Receivables within one year (-€19,264) and Contributions, distributions and other (-€13,000)
- Receivables within one year +€19,264
up €19,264 (+585.4%), from €3,291 to €22,554
- Tangible fixed assets +€5,260
up €5,260 (+158.4%), from €3,320 to €8,581
of which Furniture and vehicles: +€6,263
- Tax, wage and social debts +€4,960
up €4,960 (+81.7%), from €6,071 to €11,031
- Profit (loss) carried forward +€4,571
up €4,571 (+25.7%), from €17,819 to €22,391
- Trade debts -€2,253
down €2,253 (-79.2%), from €2,845 to €593
- Other debts -€2,064
down €2,064 (-15.7%), from €13,114 to €11,050
- Gross operating margin +€12,961
up €12,961 (+73.9%), from €17,527 to €30,489
- Taxes +€4,992
up €4,992 (+443.0%), from €1,127 to €6,119
- Depreciation +€1,722
up €1,722 (+45.9%), from €3,753 to €5,475
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 | €42,350 | €47,565 | +€5,215 | +12.3% |
| Fixed assets | 21/28 | €3,320 | €8,581 | +€5,260 | +158.4% |
| Tangible fixed assets | 22/27 | €3,320 | €8,581 | +€5,260 | +158.4% |
| Plant, machinery and equipment | 23 | €1,113 | €110 | -€1,003 | -90.1% |
| Furniture and vehicles | 24 | €2,208 | €8,471 | +€6,263 | +283.7% |
| Current assets | 29/58 | €39,030 | €38,984 | -€45 | -0.1% |
| Amounts receivable within one year | 40/41 | €3,291 | €22,554 | +€19,264 | +585.4% |
| Trade receivables | 40 | €3,291 | €22,554 | +€19,264 | +585.4% |
| Cash at bank and in hand | 54/58 | €35,082 | €15,778 | -€19,303 | -55.0% |
| Deferred charges and accrued income | 490/1 | €657 | €651 | -€6 | -0.9% |
| Total equity and liabilities | 10/49 | €42,350 | €47,565 | +€5,215 | +12.3% |
| Equity | 10/15 | €20,319 | €24,891 | +€4,571 | +22.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,819 | €22,391 | +€4,571 | +25.7% |
| Amounts payable | 17/49 | €22,030 | €22,674 | +€643 | +2.9% |
| Amounts payable within one year | 42/48 | €22,030 | €22,674 | +€643 | +2.9% |
| Trade debts | 44 | €2,845 | €593 | -€2,253 | -79.2% |
| Suppliers | 440/4 | €2,845 | €593 | -€2,253 | -79.2% |
| Taxes, remuneration and social security | 45 | €6,071 | €11,031 | +€4,960 | +81.7% |
| Taxes | 450/3 | €6,071 | €11,031 | +€4,960 | +81.7% |
| Other amounts payable | 47/48 | €13,114 | €11,050 | -€2,064 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,753 | €5,475 | +€1,722 | +45.9% |
| Other operating charges | 640/8 | €872 | €1,160 | +€289 | +33.1% |
| Gross operating margin | 9900 | €17,527 | €30,489 | +€12,961 | +73.9% |
| Operating profit (loss) | 9901 | €12,903 | €23,853 | +€10,950 | +84.9% |
| Financial income | 75/76B | €1 | €1 | +€0 | +38.9% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +38.9% |
| Financial charges | 65/66B | €81 | €164 | +€83 | +101.5% |
| Recurring financial charges | 65 | €81 | €164 | +€83 | +101.5% |
| Profit (loss) for the period before taxes | 9903 | €12,822 | €23,690 | +€10,868 | +84.8% |
| Income taxes | 67/77 | €1,127 | €6,119 | +€4,992 | +443.0% |
| Profit (loss) for the period | 9904 | €11,695 | €17,571 | +€5,876 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,695 | €17,571 | +€5,876 | +50.2% |
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 4 October 2026 via checked.be.