EXCLUSIEF REIZEN: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
EXCLUSIEF REIZEN
Largest movements
- Cash +€313,422
up €313,422 (+124%), from €253,168 to €566,590
mainly Net result for the year (+€152,222) and Receivables within one year (+€135,192)
- Receivables within one year -€135,192
down €135,192 (-27.2%), from €496,315 to €361,123
of which Trade receivables: -€135,277
- Current investments -€52,000
down €52,000 (-5.9%), from €877,000 to €825,000
- Reserves +€152,222
up €152,222 (+19.6%), from €776,909 to €929,131
- Other debts -€80,000
down €80,000 (-100%), from €80,000 to €0
- Advances received +€31,509
up €31,509 (+4.6%), from €679,430 to €710,939
- Gross operating margin -€37,783
down €37,783 (-11.9%), from €317,410 to €279,628
- Staff costs +€29,991
up €29,991 (+62.5%), from €48,008 to €77,999
- Financial income -€3,270
down €3,270 (-12.5%), from €26,059 to €22,789
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,657,904 | €1,769,677 | +€111,774 | +6.7% |
| Fixed assets | 21/28 | €26,480 | €15,137 | -€11,343 | -42.8% |
| Tangible fixed assets | 22/27 | €22,880 | €11,537 | -€11,343 | -49.6% |
| Furniture and vehicles | 24 | €22,880 | €11,537 | -€11,343 | -49.6% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €1,631,423 | €1,754,540 | +€123,117 | +7.5% |
| Amounts receivable within one year | 40/41 | €496,315 | €361,123 | -€135,192 | -27.2% |
| Trade receivables | 40 | €493,032 | €357,755 | -€135,277 | -27.4% |
| Other amounts receivable | 41 | €3,283 | €3,368 | +€85 | +2.6% |
| Current investments | 50/53 | €877,000 | €825,000 | -€52,000 | -5.9% |
| Cash at bank and in hand | 54/58 | €253,168 | €566,590 | +€313,422 | +124% |
| Deferred charges and accrued income | 490/1 | €4,940 | €1,826 | -€3,114 | -63.0% |
| Total equity and liabilities | 10/49 | €1,657,904 | €1,769,677 | +€111,774 | +6.7% |
| Equity | 10/15 | €801,909 | €954,131 | +€152,222 | +19.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €776,909 | €929,131 | +€152,222 | +19.6% |
| Distributable reserves | 133 | €776,909 | €929,131 | +€152,222 | +19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €855,995 | €815,547 | -€40,448 | -4.7% |
| Amounts payable within one year | 42/48 | €854,513 | €814,998 | -€39,514 | -4.6% |
| Trade debts | 44 | €82,284 | €80,766 | -€1,517 | -1.8% |
| Suppliers | 440/4 | €82,284 | €80,766 | -€1,517 | -1.8% |
| Advances received on contracts in progress | 46 | €679,430 | €710,939 | +€31,509 | +4.6% |
| Taxes, remuneration and social security | 45 | €12,799 | €23,293 | +€10,494 | +82.0% |
| Taxes | 450/3 | €2,966 | €10,127 | +€7,161 | +241% |
| Remuneration and social security | 454/9 | €9,833 | €13,165 | +€3,333 | +33.9% |
| Other amounts payable | 47/48 | €80,000 | €0 | -€80,000 | -100% |
| Accrued charges and deferred income | 492/3 | €1,482 | €548 | -€934 | -63.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €48,008 | €77,999 | +€29,991 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,843 | €11,343 | +€500 | +4.6% |
| Other operating charges | 640/8 | €754 | €3,853 | +€3,099 | +411% |
| Gross operating margin | 9900 | €317,410 | €279,628 | -€37,783 | -11.9% |
| Operating profit (loss) | 9901 | €257,806 | €186,433 | -€71,372 | -27.7% |
| Financial income | 75/76B | €26,059 | €22,789 | -€3,270 | -12.5% |
| Recurring financial income | 75 | €26,059 | €22,789 | -€3,270 | -12.5% |
| Financial charges | 65/66B | €4,409 | €4,120 | -€289 | -6.6% |
| Recurring financial charges | 65 | €4,409 | €4,120 | -€289 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €279,456 | €205,102 | -€74,354 | -26.6% |
| Income taxes | 67/77 | €51,214 | €52,880 | +€1,666 | +3.3% |
| Profit (loss) for the period | 9904 | €228,241 | €152,222 | -€76,020 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €228,241 | €152,222 | -€76,020 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.