EX ANTE-EX POST: 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.
EX ANTE-EX POST
Largest movements
- Cash +€15,453
up €15,453 (+55.1%), from €28,024 to €43,477
mainly Net result for the year (+€14,961) and Depreciation (+€7,767)
- Tangible fixed assets -€5,791
down €5,791 (-54.1%), from €10,701 to €4,910
- Receivables within one year +€1,864
up €1,864 (+11.6%), from €16,014 to €17,878
of which Trade receivables: +€4,193
- Profit (loss) carried forward +€14,961
up €14,961 (+39.3%), from €38,046 to €53,007
- Other debts -€2,755
no longer reported in 2025 (was €2,755)
- Gross operating margin -€14,686
down €14,686 (-32.2%), from €45,655 to €30,970
- Taxes -€1,721
down €1,721 (-18.4%), from €9,331 to €7,611
- Depreciation +€498
up €498 (+6.9%), from €7,269 to €7,767
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 | €54,739 | €66,815 | +€12,076 | +22.1% |
| Fixed assets | 21/28 | €10,701 | €4,910 | -€5,791 | -54.1% |
| Tangible fixed assets | 22/27 | €10,701 | €4,910 | -€5,791 | -54.1% |
| Furniture and vehicles | 24 | €10,701 | €4,910 | -€5,791 | -54.1% |
| Current assets | 29/58 | €44,038 | €61,906 | +€17,867 | +40.6% |
| Amounts receivable within one year | 40/41 | €16,014 | €17,878 | +€1,864 | +11.6% |
| Trade receivables | 40 | €6,014 | €10,207 | +€4,193 | +69.7% |
| Other amounts receivable | 41 | €10,000 | €7,671 | -€2,329 | -23.3% |
| Cash at bank and in hand | 54/58 | €28,024 | €43,477 | +€15,453 | +55.1% |
| Deferred charges and accrued income | 490/1 | - | €550 | +€550 | |
| Total equity and liabilities | 10/49 | €54,739 | €66,815 | +€12,076 | +22.1% |
| Equity | 10/15 | €40,046 | €55,007 | +€14,961 | +37.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,046 | €53,007 | +€14,961 | +39.3% |
| Amounts payable | 17/49 | €14,694 | €11,808 | -€2,885 | -19.6% |
| Amounts payable within one year | 42/48 | €14,694 | €11,808 | -€2,885 | -19.6% |
| Trade debts | 44 | €75 | €522 | +€447 | +595.8% |
| Suppliers | 440/4 | €75 | €522 | +€447 | +595.8% |
| Taxes, remuneration and social security | 45 | €11,864 | €11,286 | -€578 | -4.9% |
| Taxes | 450/3 | €11,864 | €11,286 | -€578 | -4.9% |
| Other amounts payable | 47/48 | €2,755 | - | -€2,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,269 | €7,767 | +€498 | +6.9% |
| Other operating charges | 640/8 | €458 | €549 | +€91 | +19.9% |
| Gross operating margin | 9900 | €45,655 | €30,970 | -€14,686 | -32.2% |
| Operating profit (loss) | 9901 | €37,929 | €22,653 | -€15,275 | -40.3% |
| Financial charges | 65/66B | €23 | €81 | +€59 | +261.3% |
| Recurring financial charges | 65 | €23 | €81 | +€59 | +261.3% |
| Profit (loss) for the period before taxes | 9903 | €37,906 | €22,572 | -€15,334 | -40.5% |
| Income taxes | 67/77 | €9,331 | €7,611 | -€1,721 | -18.4% |
| Profit (loss) for the period | 9904 | €28,575 | €14,961 | -€13,613 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,575 | €14,961 | -€13,613 | -47.6% |
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 3 October 2026 via checked.be.