EVIDENCE BASED MATERIALS: 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.
EVIDENCE BASED MATERIALS
Largest movements
- Receivables within one year -€41,858
down €41,858 (-63.3%), from €66,101 to €24,243
- Tangible fixed assets +€39,391
up €39,391 (+44,793%), from €88 to €39,479
- Cash +€34,685
up €34,685 (+28.1%), from €123,638 to €158,323
mainly Receivables within one year (+€41,858) and Net result for the year (+€40,970)
- Reserves +€38,414
up €38,414 (+23.5%), from €163,769 to €202,182
of which Distributable reserves: +€38,414
- Trade debts -€4,690
down €4,690 (-32.7%), from €14,351 to €9,662
- Depreciation +€7,794
up €7,794 (+666%), from €1,170 to €8,964
- Taxes -€1,810
down €1,810 (-11.1%), from €16,334 to €14,524
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 | €205,309 | €238,299 | +€32,990 | +16.1% |
| Fixed assets | 21/28 | €688 | €40,079 | +€39,391 | +5,726% |
| Tangible fixed assets | 22/27 | €88 | €39,479 | +€39,391 | +44,793% |
| Furniture and vehicles | 24 | €88 | €39,479 | +€39,391 | +44,793% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €204,621 | €198,220 | -€6,401 | -3.1% |
| Stocks and contracts in progress | 3 | €14,882 | €14,406 | -€476 | -3.2% |
| Stocks | 30/36 | €14,882 | €14,406 | -€476 | -3.2% |
| Amounts receivable within one year | 40/41 | €66,101 | €24,243 | -€41,858 | -63.3% |
| Trade receivables | 40 | €66,101 | €24,243 | -€41,858 | -63.3% |
| Cash at bank and in hand | 54/58 | €123,638 | €158,323 | +€34,685 | +28.1% |
| Deferred charges and accrued income | 490/1 | - | €1,248 | +€1,248 | |
| Total equity and liabilities | 10/49 | €205,309 | €238,299 | +€32,990 | +16.1% |
| Equity | 10/15 | €182,369 | €220,782 | +€38,414 | +21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,769 | €202,182 | +€38,414 | +23.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €142 | €142 | = | 0.0% |
| Distributable reserves | 133 | €161,767 | €200,180 | +€38,414 | +23.7% |
| Amounts payable | 17/49 | €22,940 | €17,517 | -€5,424 | -23.6% |
| Amounts payable within one year | 42/48 | €22,940 | €17,517 | -€5,424 | -23.6% |
| Trade debts | 44 | €14,351 | €9,662 | -€4,690 | -32.7% |
| Suppliers | 440/4 | €14,351 | €9,662 | -€4,690 | -32.7% |
| Taxes, remuneration and social security | 45 | €8,185 | €7,088 | -€1,097 | -13.4% |
| Taxes | 450/3 | €8,185 | €7,088 | -€1,097 | -13.4% |
| Other amounts payable | 47/48 | €404 | €767 | +€363 | +89.7% |
| Non-recurring operating income | 76A | - | €2,893 | +€2,893 | |
| Remuneration, social security and pensions | 62 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €8,964 | +€7,794 | +666% |
| Other operating charges | 640/8 | €646 | €794 | +€148 | +22.9% |
| Gross operating margin | 9900 | €67,225 | €66,753 | -€472 | -0.7% |
| Operating profit (loss) | 9901 | €65,409 | €56,981 | -€8,428 | -12.9% |
| Financial income | 75/76B | €1 | €14 | +€13 | +1,187% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1,187% |
| Financial charges | 65/66B | €1,222 | €1,502 | +€280 | +22.9% |
| Recurring financial charges | 65 | €1,222 | €1,502 | +€280 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €64,188 | €55,493 | -€8,695 | -13.5% |
| Income taxes | 67/77 | €16,334 | €14,524 | -€1,810 | -11.1% |
| Profit (loss) for the period | 9904 | €47,854 | €40,970 | -€6,885 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,854 | €40,970 | -€6,885 | -14.4% |
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.