END UP: 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.
END UP
Largest movements
- Cash +€11,990
up €11,990 (+312%), from €3,847 to €15,837
mainly Stocks and contracts (+€5,600) and Trade debts (+€4,210)
- Stocks and contracts -€5,600
no longer reported in 2025 (was €5,600)
- Receivables within one year -€3,124
down €3,124 (-39.2%), from €7,964 to €4,840
of which Trade receivables: -€4,876
- Tangible fixed assets +€744
new in 2025: €744
- Trade debts +€4,210
up €4,210 (+1,422%), from €296 to €4,506
- Other debts -€2,191
no longer reported in 2025 (was €2,191)
- Tax, wage and social debts +€1,604
up €1,604 (+27.5%), from €5,841 to €7,445
- Profit (loss) carried forward +€387
up €387 (+19,350%), from €2 to €389
- Gross operating margin -€2,020
down €2,020 (-61.5%), from €3,282 to €1,262
- Taxes -€733
down €733 (-56.2%), from €1,305 to €572
- Financial income +€107
new in 2025: €107
- Depreciation +€106
new in 2025: €106
- Financial charges +€85
up €85 (+137%), from €62 to €147
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 | €17,411 | €21,421 | +€4,010 | +23.0% |
| Fixed assets | 21/28 | - | €744 | +€744 | |
| Tangible fixed assets | 22/27 | - | €744 | +€744 | |
| Plant, machinery and equipment | 23 | - | €744 | +€744 | |
| Current assets | 29/58 | €17,411 | €20,677 | +€3,266 | +18.8% |
| Stocks and contracts in progress | 3 | €5,600 | - | -€5,600 | |
| Contracts in progress | 37 | €5,600 | - | -€5,600 | |
| Amounts receivable within one year | 40/41 | €7,964 | €4,840 | -€3,124 | -39.2% |
| Trade receivables | 40 | €7,688 | €2,812 | -€4,876 | -63.4% |
| Other amounts receivable | 41 | €276 | €2,028 | +€1,752 | +635% |
| Cash at bank and in hand | 54/58 | €3,847 | €15,837 | +€11,990 | +312% |
| Total equity and liabilities | 10/49 | €17,411 | €21,421 | +€4,010 | +23.0% |
| Equity | 10/15 | €9,083 | €9,470 | +€387 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,881 | €2,881 | = | 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 | €1,021 | €1,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2 | €389 | +€387 | +19,350% |
| Amounts payable | 17/49 | €8,328 | €11,951 | +€3,623 | +43.5% |
| Amounts payable within one year | 42/48 | €8,328 | €11,951 | +€3,623 | +43.5% |
| Trade debts | 44 | €296 | €4,506 | +€4,210 | +1,422% |
| Suppliers | 440/4 | €296 | €4,506 | +€4,210 | +1,422% |
| Taxes, remuneration and social security | 45 | €5,841 | €7,445 | +€1,604 | +27.5% |
| Taxes | 450/3 | €5,841 | €7,445 | +€1,604 | +27.5% |
| Other amounts payable | 47/48 | €2,191 | - | -€2,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €106 | +€106 | |
| Other operating charges | 640/8 | - | €30 | +€30 | |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | €3,282 | €1,262 | -€2,020 | -61.5% |
| Operating profit (loss) | 9901 | €3,282 | €999 | -€2,283 | -69.6% |
| Financial income | 75/76B | - | €107 | +€107 | |
| Recurring financial income | 75 | - | €107 | +€107 | |
| Financial charges | 65/66B | €62 | €147 | +€85 | +137% |
| Recurring financial charges | 65 | €62 | €147 | +€85 | +137% |
| Profit (loss) for the period before taxes | 9903 | €3,220 | €959 | -€2,261 | -70.2% |
| Income taxes | 67/77 | €1,305 | €572 | -€733 | -56.2% |
| Profit (loss) for the period | 9904 | €1,915 | €387 | -€1,528 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,915 | €387 | -€1,528 | -79.8% |
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 15 October 2026 via checked.be.