EXIBIT: 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.
EXIBIT
Largest movements
- Cash +€7,429
up €7,429 (+472%), from €1,573 to €9,002
mainly Depreciation (+€6,433) and Net result for the year (+€4,635)
- Tangible fixed assets -€6,433
down €6,433 (-30.3%), from €21,219 to €14,786
of which Furniture and vehicles: -€6,131
- Receivables within one year -€2,290
down €2,290 (-18.1%), from €12,672 to €10,382
of which Trade receivables: -€3,826
- Deferred charges and accrued income +€1,075
up €1,075 (+148%), from €725 to €1,800
- Debts after one year -€4,500
down €4,500 (-44.6%), from €10,091 to €5,591
- Tax, wage and social debts +€4,475
up €4,475 (+66.3%), from €6,755 to €11,230
- Reserves +€1,395
up €1,395 (+24.6%), from €5,677 to €7,072
- Short-term financial debts -€1,134
down €1,134 (-89.1%), from €1,272 to €138
- Other debts -€620
down €620 (-16.1%), from €3,860 to €3,240
- Gross operating margin +€2,746
up €2,746 (+19.8%), from €13,889 to €16,634
- Taxes +€777
up €777 (+23.9%), from €3,249 to €4,026
- Financial charges -€273
down €273 (-26.6%), from €1,026 to €754
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 | €36,188 | €35,969 | -€219 | -0.6% |
| Fixed assets | 21/28 | €21,219 | €14,786 | -€6,433 | -30.3% |
| Tangible fixed assets | 22/27 | €21,219 | €14,786 | -€6,433 | -30.3% |
| Furniture and vehicles | 24 | €18,814 | €12,683 | -€6,131 | -32.6% |
| Other tangible fixed assets | 26 | €2,404 | €2,103 | -€301 | -12.5% |
| Current assets | 29/58 | €14,969 | €21,184 | +€6,214 | +41.5% |
| Amounts receivable within one year | 40/41 | €12,672 | €10,382 | -€2,290 | -18.1% |
| Trade receivables | 40 | €12,662 | €8,836 | -€3,826 | -30.2% |
| Other amounts receivable | 41 | €9 | €1,546 | +€1,536 | +16,450% |
| Cash at bank and in hand | 54/58 | €1,573 | €9,002 | +€7,429 | +472% |
| Deferred charges and accrued income | 490/1 | €725 | €1,800 | +€1,075 | +148% |
| Total equity and liabilities | 10/49 | €36,188 | €35,969 | -€219 | -0.6% |
| Equity | 10/15 | €6,903 | €8,298 | +€1,395 | +20.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €5,677 | €7,072 | +€1,395 | +24.6% |
| Distributable reserves | 133 | €5,677 | €7,072 | +€1,395 | +24.6% |
| Profit (loss) carried forward | 14 | €1,126 | €1,126 | = | 0.0% |
| Amounts payable | 17/49 | €29,285 | €27,671 | -€1,614 | -5.5% |
| Amounts payable after more than one year | 17 | €10,091 | €5,591 | -€4,500 | -44.6% |
| Financial debts | 170/4 | €10,091 | €5,591 | -€4,500 | -44.6% |
| Amounts payable within one year | 42/48 | €19,190 | €22,076 | +€2,886 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €4,245 | €4,379 | +€134 | +3.2% |
| Financial debts | 43 | €1,272 | €138 | -€1,134 | -89.1% |
| Credit institutions | 430/8 | €1,272 | €138 | -€1,134 | -89.1% |
| Trade debts | 44 | €3,057 | €3,088 | +€31 | +1.0% |
| Suppliers | 440/4 | €3,057 | €3,088 | +€31 | +1.0% |
| Taxes, remuneration and social security | 45 | €6,755 | €11,230 | +€4,475 | +66.3% |
| Taxes | 450/3 | €6,755 | €11,230 | +€4,475 | +66.3% |
| Other amounts payable | 47/48 | €3,860 | €3,240 | -€620 | -16.1% |
| Accrued charges and deferred income | 492/3 | €4 | €4 | -€0 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,433 | €6,433 | = | 0.0% |
| Other operating charges | 640/8 | €748 | €806 | +€58 | +7.7% |
| Gross operating margin | 9900 | €13,889 | €16,634 | +€2,746 | +19.8% |
| Operating profit (loss) | 9901 | €6,708 | €9,396 | +€2,688 | +40.1% |
| Financial income | 75/76B | €4 | €19 | +€15 | +364% |
| Recurring financial income | 75 | €4 | €19 | +€15 | +364% |
| Financial charges | 65/66B | €1,026 | €754 | -€273 | -26.6% |
| Recurring financial charges | 65 | €1,026 | €754 | -€273 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €5,686 | €8,661 | +€2,976 | +52.3% |
| Income taxes | 67/77 | €3,249 | €4,026 | +€777 | +23.9% |
| Profit (loss) for the period | 9904 | €2,436 | €4,635 | +€2,199 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,436 | €4,635 | +€2,199 | +90.2% |
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 20 October 2026 via checked.be.