ENTENDRE ET COMPRENDRE: 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.
ENTENDRE ET COMPRENDRE
Largest movements
- Cash +€13,810
up €13,810 (+14.9%), from €92,522 to €106,332
mainly Net result for the year (+€24,883) and Other debts (+€2,713)
- Receivables within one year +€13,595
up €13,595 (+744%), from €1,827 to €15,422
of which Trade receivables: +€10,150
- Reserves +€21,883
up €21,883 (+25.9%), from €84,435 to €106,318
- Other debts +€2,713
up €2,713 (+944%), from €287 to €3,000
- Trade debts +€1,704
up €1,704 (+292%), from €584 to €2,288
- Gross operating margin +€10,532
up €10,532 (+44.5%), from €23,652 to €34,184
- Taxes +€2,275
up €2,275 (+36.8%), from €6,184 to €8,459
- Depreciation -€802
down €802 (-59.9%), from €1,338 to €536
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 | €95,066 | €121,936 | +€26,870 | +28.3% |
| Fixed assets | 21/28 | €635 | €99 | -€536 | -84.4% |
| Tangible fixed assets | 22/27 | €635 | €99 | -€536 | -84.4% |
| Furniture and vehicles | 24 | €635 | €99 | -€536 | -84.4% |
| Current assets | 29/58 | €94,430 | €121,837 | +€27,407 | +29.0% |
| Amounts receivable within one year | 40/41 | €1,827 | €15,422 | +€13,595 | +744% |
| Trade receivables | 40 | €1,338 | €11,488 | +€10,150 | +759% |
| Other amounts receivable | 41 | €489 | €3,934 | +€3,445 | +705% |
| Cash at bank and in hand | 54/58 | €92,522 | €106,332 | +€13,810 | +14.9% |
| Deferred charges and accrued income | 490/1 | €82 | €83 | +€1 | +1.4% |
| Total equity and liabilities | 10/49 | €95,066 | €121,936 | +€26,870 | +28.3% |
| Equity | 10/15 | €90,635 | €112,518 | +€21,883 | +24.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €84,435 | €106,318 | +€21,883 | +25.9% |
| Distributable reserves | 133 | €84,435 | €106,318 | +€21,883 | +25.9% |
| Amounts payable | 17/49 | €4,431 | €9,418 | +€4,987 | +113% |
| Amounts payable within one year | 42/48 | €4,431 | €9,418 | +€4,987 | +113% |
| Trade debts | 44 | €584 | €2,288 | +€1,704 | +292% |
| Suppliers | 440/4 | €584 | €2,288 | +€1,704 | +292% |
| Taxes, remuneration and social security | 45 | €3,559 | €4,130 | +€570 | +16.0% |
| Taxes | 450/3 | €3,559 | €4,130 | +€570 | +16.0% |
| Other amounts payable | 47/48 | €287 | €3,000 | +€2,713 | +944% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,338 | €536 | -€802 | -59.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €23,652 | €34,184 | +€10,532 | +44.5% |
| Operating profit (loss) | 9901 | €21,926 | €33,248 | +€11,322 | +51.6% |
| Financial income | 75/76B | €336 | €475 | +€139 | +41.4% |
| Recurring financial income | 75 | €336 | €475 | +€139 | +41.4% |
| Financial charges | 65/66B | €360 | €381 | +€21 | +5.8% |
| Recurring financial charges | 65 | €360 | €381 | +€21 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €21,902 | €33,342 | +€11,440 | +52.2% |
| Income taxes | 67/77 | €6,184 | €8,459 | +€2,275 | +36.8% |
| Profit (loss) for the period | 9904 | €15,719 | €24,883 | +€9,165 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,719 | €24,883 | +€9,165 | +58.3% |
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 20 October 2026 via checked.be.