Empowered by Sanne: 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.
Empowered by Sanne
Largest movements
- Cash +€33,010
up €33,010 (+282%), from €11,717 to €44,727
mainly Net result for the year (+€24,997) and Depreciation (+€8,532)
- Tangible fixed assets -€6,864
down €6,864 (-32.7%), from €21,014 to €14,150
of which Furniture and vehicles: -€7,438
- Receivables within one year +€5,289
up €5,289 (+472%), from €1,121 to €6,410
of which Trade receivables: +€5,862
- Formation expenses -€1,668
no longer reported in 2025 (was €1,668)
- Reserves +€24,997
up €24,997 (+240%), from €10,408 to €35,404
- Tax, wage and social debts +€5,069
up €5,069 (+173%), from €2,936 to €8,006
- Other debts -€1,696
down €1,696 (-8.9%), from €19,103 to €17,407
- Trade debts +€838
up €838 (+635%), from €132 to €970
- Gross operating margin +€24,940
up €24,940 (+145%), from €17,212 to €42,152
- Depreciation +€5,334
up €5,334 (+167%), from €3,198 to €8,532
- Taxes +€5,019
up €5,019 (+171%), from €2,936 to €7,955
- Financial charges +€789
up €789 (+743%), from €106 to €895
- Other operating charges -€504
down €504 (-89.0%), from €566 to €62
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 | €36,079 | €65,287 | +€29,208 | +81.0% |
| Formation expenses | 20 | €1,668 | - | -€1,668 | |
| Fixed assets | 21/28 | €21,014 | €14,150 | -€6,864 | -32.7% |
| Tangible fixed assets | 22/27 | €21,014 | €14,150 | -€6,864 | -32.7% |
| Plant, machinery and equipment | 23 | - | €574 | +€574 | |
| Furniture and vehicles | 24 | €21,014 | €13,577 | -€7,438 | -35.4% |
| Current assets | 29/58 | €13,397 | €51,137 | +€37,740 | +282% |
| Amounts receivable within one year | 40/41 | €1,121 | €6,410 | +€5,289 | +472% |
| Trade receivables | 40 | - | €5,862 | +€5,862 | |
| Other amounts receivable | 41 | €1,121 | €549 | -€573 | -51.1% |
| Cash at bank and in hand | 54/58 | €11,717 | €44,727 | +€33,010 | +282% |
| Deferred charges and accrued income | 490/1 | €559 | - | -€559 | |
| Total equity and liabilities | 10/49 | €36,079 | €65,287 | +€29,208 | +81.0% |
| Equity | 10/15 | €13,908 | €38,904 | +€24,997 | +180% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €10,408 | €35,404 | +€24,997 | +240% |
| Distributable reserves | 133 | €10,408 | €35,404 | +€24,997 | +240% |
| Amounts payable | 17/49 | €22,172 | €26,383 | +€4,211 | +19.0% |
| Amounts payable within one year | 42/48 | €22,172 | €26,383 | +€4,211 | +19.0% |
| Trade debts | 44 | €132 | €970 | +€838 | +635% |
| Suppliers | 440/4 | €132 | €970 | +€838 | +635% |
| Taxes, remuneration and social security | 45 | €2,936 | €8,006 | +€5,069 | +173% |
| Taxes | 450/3 | €2,936 | €8,006 | +€5,069 | +173% |
| Other amounts payable | 47/48 | €19,103 | €17,407 | -€1,696 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,198 | €8,532 | +€5,334 | +167% |
| Other operating charges | 640/8 | €566 | €62 | -€504 | -89.0% |
| Gross operating margin | 9900 | €17,212 | €42,152 | +€24,940 | +145% |
| Operating profit (loss) | 9901 | €13,447 | €33,558 | +€20,110 | +150% |
| Financial income | 75/76B | €3 | €289 | +€286 | +9,549% |
| Recurring financial income | 75 | €3 | €289 | +€286 | +9,549% |
| Financial charges | 65/66B | €106 | €895 | +€789 | +743% |
| Recurring financial charges | 65 | €106 | €895 | +€789 | +743% |
| Profit (loss) for the period before taxes | 9903 | €13,344 | €32,952 | +€19,608 | +147% |
| Income taxes | 67/77 | €2,936 | €7,955 | +€5,019 | +171% |
| Profit (loss) for the period | 9904 | €10,408 | €24,997 | +€14,589 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €10,408 | €24,997 | +€14,589 | +140% |
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 26 October 2026 via checked.be.