Ex-tension: 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.
Ex-tension
Largest movements
- Cash +€45,063
up €45,063 (+18.7%), from €241,589 to €286,652
mainly Net result for the year (+€54,722) and Depreciation (+€10,231)
- Tangible fixed assets -€10,231
down €10,231 (-25.6%), from €39,958 to €29,726
- Receivables within one year -€5,639
down €5,639 (-22.7%), from €24,855 to €19,216
of which Trade receivables: -€10,152
- Reserves +€53,889
up €53,889 (+21.1%), from €255,770 to €309,659
- Tax, wage and social debts -€24,978
down €24,978 (-55.0%), from €45,393 to €20,415
- Gross operating margin -€26,751
down €26,751 (-23.6%), from €113,254 to €86,503
- Taxes -€6,487
down €6,487 (-23.7%), from €27,372 to €20,884
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 | €306,921 | €336,209 | +€29,289 | +9.5% |
| Fixed assets | 21/28 | €39,958 | €29,726 | -€10,231 | -25.6% |
| Tangible fixed assets | 22/27 | €39,958 | €29,726 | -€10,231 | -25.6% |
| Furniture and vehicles | 24 | €39,958 | €29,726 | -€10,231 | -25.6% |
| Current assets | 29/58 | €266,963 | €306,483 | +€39,520 | +14.8% |
| Amounts receivable within one year | 40/41 | €24,855 | €19,216 | -€5,639 | -22.7% |
| Trade receivables | 40 | €24,853 | €14,702 | -€10,152 | -40.8% |
| Other amounts receivable | 41 | €2 | €4,515 | +€4,513 | +276,885% |
| Cash at bank and in hand | 54/58 | €241,589 | €286,652 | +€45,063 | +18.7% |
| Deferred charges and accrued income | 490/1 | €519 | €615 | +€95 | +18.4% |
| Total equity and liabilities | 10/49 | €306,921 | €336,209 | +€29,289 | +9.5% |
| Equity | 10/15 | €258,770 | €312,659 | +€53,889 | +20.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €255,770 | €309,659 | +€53,889 | +21.1% |
| Distributable reserves | 133 | €255,770 | €309,659 | +€53,889 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,151 | €23,551 | -€24,600 | -51.1% |
| Amounts payable within one year | 42/48 | €48,151 | €23,143 | -€25,008 | -51.9% |
| Trade debts | 44 | €1,456 | €1,453 | -€4 | -0.3% |
| Suppliers | 440/4 | €1,456 | €1,453 | -€4 | -0.3% |
| Taxes, remuneration and social security | 45 | €45,393 | €20,415 | -€24,978 | -55.0% |
| Taxes | 450/3 | €45,393 | €20,415 | -€24,978 | -55.0% |
| Other amounts payable | 47/48 | €1,301 | €1,275 | -€26 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €408 | +€408 | |
| Non-recurring operating income | 76A | €12,876 | €0 | -€12,876 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,051 | €10,231 | +€181 | +1.8% |
| Other operating charges | 640/8 | €387 | €475 | +€88 | +22.7% |
| Non-recurring operating charges | 66A | €129 | €0 | -€129 | -100% |
| Gross operating margin | 9900 | €113,254 | €86,503 | -€26,751 | -23.6% |
| Operating profit (loss) | 9901 | €102,688 | €75,796 | -€26,892 | -26.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €225 | €190 | -€35 | -15.5% |
| Recurring financial charges | 65 | €225 | €190 | -€35 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €102,463 | €75,606 | -€26,857 | -26.2% |
| Income taxes | 67/77 | €27,372 | €20,884 | -€6,487 | -23.7% |
| Profit (loss) for the period | 9904 | €75,091 | €54,722 | -€20,370 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,091 | €54,722 | -€20,370 | -27.1% |
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 28 October 2026 via checked.be.