Everything Matters: 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.
Everything Matters
Largest movements
- Current investments +€11,109
up €11,109 (+135.1%), from €8,224 to €19,334
- Receivables within one year -€8,061
down €8,061 (-89.0%), from €9,058 to €997
of which Trade receivables: -€8,009
- Cash +€3,715
up €3,715 (+182.6%), from €2,034 to €5,749
mainly Receivables within one year (+€8,061) and Net result for the year (+€4,624)
- Deferred charges and accrued income +€691
up €691 (+77.3%), from €893 to €1,584
- Reserves +€4,624
up €4,624 (+43.1%), from €10,738 to €15,362
- Tax, wage and social debts +€2,592
up €2,592 (+28.5%), from €9,085 to €11,676
- Gross operating margin -€1,179
down €1,179 (-10.8%), from €10,907 to €9,729
- Depreciation +€391
up €391 (+67.2%), from €581 to €972
- Taxes -€333
down €333 (-12.1%), from €2,759 to €2,426
- Financial charges -€329
down €329 (-23.5%), from €1,400 to €1,071
- Other operating charges +€157
up €157 (+29.7%), from €528 to €685
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 | €22,645 | €29,952 | +€7,306 | +32.3% |
| Fixed assets | 21/28 | €2,436 | €2,288 | -€148 | -6.1% |
| Tangible fixed assets | 22/27 | €2,436 | €2,288 | -€148 | -6.1% |
| Plant, machinery and equipment | 23 | €743 | €526 | -€217 | -29.2% |
| Furniture and vehicles | 24 | €1,693 | €1,762 | +€69 | +4.1% |
| Current assets | 29/58 | €20,209 | €27,664 | +€7,454 | +36.9% |
| Amounts receivable within one year | 40/41 | €9,058 | €997 | -€8,061 | -89.0% |
| Trade receivables | 40 | €9,000 | €991 | -€8,009 | -89.0% |
| Other amounts receivable | 41 | €58 | €6 | -€52 | -89.5% |
| Current investments | 50/53 | €8,224 | €19,334 | +€11,109 | +135.1% |
| Cash at bank and in hand | 54/58 | €2,034 | €5,749 | +€3,715 | +182.6% |
| Deferred charges and accrued income | 490/1 | €893 | €1,584 | +€691 | +77.3% |
| Total equity and liabilities | 10/49 | €22,645 | €29,952 | +€7,306 | +32.3% |
| Equity | 10/15 | €11,238 | €15,862 | +€4,624 | +41.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €10,738 | €15,362 | +€4,624 | +43.1% |
| Distributable reserves | 133 | €10,738 | €15,362 | +€4,624 | +43.1% |
| Amounts payable | 17/49 | €11,407 | €14,090 | +€2,683 | +23.5% |
| Amounts payable within one year | 42/48 | €11,407 | €14,090 | +€2,683 | +23.5% |
| Financial debts | 43 | €467 | €513 | +€46 | +9.8% |
| Credit institutions | 430/8 | €467 | €513 | +€46 | +9.8% |
| Trade debts | 44 | €1,607 | €1,703 | +€95 | +5.9% |
| Suppliers | 440/4 | €1,607 | €1,703 | +€95 | +5.9% |
| Taxes, remuneration and social security | 45 | €9,085 | €11,676 | +€2,592 | +28.5% |
| Taxes | 450/3 | €9,085 | €11,676 | +€2,592 | +28.5% |
| Other amounts payable | 47/48 | €248 | €198 | -€50 | -20.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €972 | +€391 | +67.2% |
| Other operating charges | 640/8 | €528 | €685 | +€157 | +29.7% |
| Gross operating margin | 9900 | €10,907 | €9,729 | -€1,179 | -10.8% |
| Operating profit (loss) | 9901 | €9,798 | €8,071 | -€1,726 | -17.6% |
| Financial income | 75/76B | €20 | €49 | +€29 | +146.7% |
| Recurring financial income | 75 | €20 | €49 | +€29 | +146.7% |
| Financial charges | 65/66B | €1,400 | €1,071 | -€329 | -23.5% |
| Recurring financial charges | 65 | €1,400 | €1,071 | -€329 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €8,417 | €7,049 | -€1,368 | -16.3% |
| Income taxes | 67/77 | €2,759 | €2,426 | -€333 | -12.1% |
| Profit (loss) for the period | 9904 | €5,658 | €4,624 | -€1,035 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,658 | €4,624 | -€1,035 | -18.3% |
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 9 October 2026 via checked.be.