Environment Making: 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.
Environment Making
Largest movements
- Receivables within one year +€20,164
up €20,164 (+464.1%), from €4,345 to €24,509
of which Trade receivables: +€14,848
- Cash -€5,455
down €5,455 (-6.6%), from €83,168 to €77,712
mainly Receivables within one year (-€20,164) and Investment in fixed assets (net) (-€1,189)
- Reserves +€14,113
up €14,113 (+20.2%), from €69,888 to €84,001
- Tax, wage and social debts +€1,221
up €1,221 (+19.2%), from €6,357 to €7,578
of which Taxes: +€1,121
- Gross operating margin -€10,342
down €10,342 (-36.0%), from €28,767 to €18,425
- Taxes -€2,070
down €2,070 (-36.0%), from €5,754 to €3,684
- Other operating charges -€396
down €396 (-49.8%), from €796 to €400
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 | €87,818 | €103,733 | +€15,915 | +18.1% |
| Fixed assets | 21/28 | €303 | €1,304 | +€1,002 | +330.9% |
| Tangible fixed assets | 22/27 | €303 | €1,304 | +€1,002 | +330.9% |
| Furniture and vehicles | 24 | €303 | €1,304 | +€1,002 | +330.9% |
| Current assets | 29/58 | €87,515 | €102,429 | +€14,914 | +17.0% |
| Amounts receivable within one year | 40/41 | €4,345 | €24,509 | +€20,164 | +464.1% |
| Trade receivables | 40 | €565 | €15,413 | +€14,848 | +2630.2% |
| Other amounts receivable | 41 | €3,780 | €9,096 | +€5,316 | +140.6% |
| Cash at bank and in hand | 54/58 | €83,168 | €77,712 | -€5,455 | -6.6% |
| Deferred charges and accrued income | 490/1 | €3 | €208 | +€205 | +7132.8% |
| Total equity and liabilities | 10/49 | €87,818 | €103,733 | +€15,915 | +18.1% |
| Equity | 10/15 | €72,888 | €87,001 | +€14,113 | +19.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,888 | €84,001 | +€14,113 | +20.2% |
| Distributable reserves | 133 | €69,888 | €84,001 | +€14,113 | +20.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,930 | €16,732 | +€1,802 | +12.1% |
| Amounts payable within one year | 42/48 | €14,930 | €16,732 | +€1,802 | +12.1% |
| Trade debts | 44 | €389 | €470 | +€81 | +20.8% |
| Suppliers | 440/4 | €389 | €470 | +€81 | +20.8% |
| Taxes, remuneration and social security | 45 | €6,357 | €7,578 | +€1,221 | +19.2% |
| Taxes | 450/3 | €4,557 | €5,678 | +€1,121 | +24.6% |
| Remuneration and social security | 454/9 | €1,800 | €1,900 | +€100 | +5.6% |
| Other amounts payable | 47/48 | €8,185 | €8,685 | +€500 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77 | €188 | +€111 | +144.7% |
| Other operating charges | 640/8 | €796 | €400 | -€396 | -49.8% |
| Gross operating margin | 9900 | €28,767 | €18,425 | -€10,342 | -36.0% |
| Operating profit (loss) | 9901 | €27,894 | €17,837 | -€10,057 | -36.1% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €27,851 | €17,797 | -€10,054 | -36.1% |
| Income taxes | 67/77 | €5,754 | €3,684 | -€2,070 | -36.0% |
| Profit (loss) for the period | 9904 | €22,097 | €14,113 | -€7,984 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,097 | €14,113 | -€7,984 | -36.1% |
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.