Entre vert et bleu: 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.
Entre vert et bleu
Largest movements
- Receivables within one year +€29,001
up €29,001 (+64.8%), from €44,758 to €73,759
of which Other amounts receivable: +€29,001
- Tangible fixed assets -€5,288
down €5,288 (-57.9%), from €9,132 to €3,844
- Other debts +€13,265
up €13,265 (+28.0%), from €47,435 to €60,700
- Reserves +€10,000
up €10,000 (+8.9%), from €111,860 to €121,860
of which Distributable reserves: +€10,000
- Tax, wage and social debts -€9,196
down €9,196 (-47.0%), from €19,565 to €10,369
of which Taxes: -€9,196
- Trade debts +€4,421
up €4,421 (+313%), from €1,413 to €5,835
- Financial income -€12,577
down €12,577 (-21.0%), from €60,013 to €47,436
- Gross operating margin -€4,127
down €4,127 (-799%), from -€516 to -€4,643
- Taxes -€3,465
down €3,465 (-45.5%), from €7,613 to €4,149
- Depreciation +€126
up €126 (+2.4%), from €5,162 to €5,288
- Staff costs +€72
new in 2025: €72
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 | €256,538 | €277,222 | +€20,684 | +8.1% |
| Fixed assets | 21/28 | €195,823 | €190,535 | -€5,288 | -2.7% |
| Tangible fixed assets | 22/27 | €9,132 | €3,844 | -€5,288 | -57.9% |
| Furniture and vehicles | 24 | €9,132 | €3,844 | -€5,288 | -57.9% |
| Financial fixed assets | 28 | €186,691 | €186,691 | = | 0.0% |
| Current assets | 29/58 | €60,714 | €86,687 | +€25,973 | +42.8% |
| Amounts receivable within one year | 40/41 | €44,758 | €73,759 | +€29,001 | +64.8% |
| Trade receivables | 40 | €5,175 | €5,175 | = | 0.0% |
| Other amounts receivable | 41 | €39,583 | €68,584 | +€29,001 | +73.3% |
| Cash at bank and in hand | 54/58 | €12,012 | €10,318 | -€1,693 | -14.1% |
| Deferred charges and accrued income | 490/1 | €3,945 | €2,610 | -€1,335 | -33.8% |
| Total equity and liabilities | 10/49 | €256,538 | €277,222 | +€20,684 | +8.1% |
| Equity | 10/15 | €188,125 | €200,319 | +€12,194 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,860 | €121,860 | +€10,000 | +8.9% |
| 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 | €110,000 | €120,000 | +€10,000 | +9.1% |
| Profit (loss) carried forward | 14 | €57,665 | €59,859 | +€2,194 | +3.8% |
| Amounts payable | 17/49 | €68,413 | €76,903 | +€8,491 | +12.4% |
| Amounts payable within one year | 42/48 | €68,413 | €76,903 | +€8,491 | +12.4% |
| Trade debts | 44 | €1,413 | €5,835 | +€4,421 | +313% |
| Suppliers | 440/4 | €1,413 | €5,835 | +€4,421 | +313% |
| Taxes, remuneration and social security | 45 | €19,565 | €10,369 | -€9,196 | -47.0% |
| Taxes | 450/3 | €19,565 | €10,369 | -€9,196 | -47.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €47,435 | €60,700 | +€13,265 | +28.0% |
| Remuneration, social security and pensions | 62 | - | €72 | +€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,162 | €5,288 | +€126 | +2.4% |
| Other operating charges | 640/8 | €678 | €624 | -€54 | -7.9% |
| Gross operating margin | 9900 | -€516 | -€4,643 | -€4,127 | -799% |
| Operating profit (loss) | 9901 | -€6,356 | -€10,627 | -€4,272 | -67.2% |
| Financial income | 75/76B | €60,013 | €47,436 | -€12,577 | -21.0% |
| Recurring financial income | 75 | €60,013 | €47,436 | -€12,577 | -21.0% |
| Financial charges | 65/66B | €497 | €466 | -€30 | -6.1% |
| Recurring financial charges | 65 | €497 | €466 | -€30 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €53,161 | €36,343 | -€16,818 | -31.6% |
| Income taxes | 67/77 | €7,613 | €4,149 | -€3,465 | -45.5% |
| Profit (loss) for the period | 9904 | €45,548 | €32,194 | -€13,354 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,548 | €32,194 | -€13,354 | -29.3% |
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 26 October 2026 via checked.be.