EXPAND YOUR STUDIO: 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.
EXPAND YOUR STUDIO
Largest movements
- Receivables after one year +€15,600
new in 2025: €15,600
- Tangible fixed assets +€5,545
up €5,545 (+26.1%), from €21,279 to €26,824
of which Plant, machinery and equipment: +€10,882
- Profit (loss) carried forward +€23,282
up €23,282 (+240%), from €9,685 to €32,967
- Debts after one year -€15,149
down €15,149 (-4.6%), from €327,451 to €312,301
- Tax, wage and social debts +€12,086
up €12,086 (+110%), from €11,036 to €23,121
of which Remuneration and social security: +€7,630
- Trade debts +€11,346
up €11,346 (+252%), from €4,494 to €15,839
- Other debts -€10,003
down €10,003 (-17.7%), from €56,423 to €46,420
- Gross operating margin +€44,600
up €44,600 (+126%), from €35,289 to €79,889
- Staff costs +€11,911
up €11,911 (+41.6%), from €28,647 to €40,559
- Taxes +€7,100
up €7,100 (+820%), from €865 to €7,965
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 | €428,567 | €448,798 | +€20,232 | +4.7% |
| Fixed assets | 21/28 | €413,279 | €418,824 | +€5,545 | +1.3% |
| Tangible fixed assets | 22/27 | €21,279 | €26,824 | +€5,545 | +26.1% |
| Plant, machinery and equipment | 23 | €1,175 | €12,056 | +€10,882 | +926% |
| Furniture and vehicles | 24 | €6,580 | €4,936 | -€1,644 | -25.0% |
| Other tangible fixed assets | 26 | €13,525 | €9,832 | -€3,693 | -27.3% |
| Financial fixed assets | 28 | €392,000 | €392,000 | = | 0.0% |
| Current assets | 29/58 | €15,287 | €29,974 | +€14,687 | +96.1% |
| Amounts receivable after more than one year | 29 | - | €15,600 | +€15,600 | |
| Trade receivables | 290 | - | €15,600 | +€15,600 | |
| Cash at bank and in hand | 54/58 | €15,287 | €14,374 | -€913 | -6.0% |
| Total equity and liabilities | 10/49 | €428,567 | €448,798 | +€20,232 | +4.7% |
| Equity | 10/15 | €12,685 | €35,967 | +€23,282 | +184% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,685 | €32,967 | +€23,282 | +240% |
| Amounts payable | 17/49 | €415,881 | €412,831 | -€3,050 | -0.7% |
| Amounts payable after more than one year | 17 | €327,451 | €312,301 | -€15,149 | -4.6% |
| Financial debts | 170/4 | €327,451 | €312,301 | -€15,149 | -4.6% |
| Amounts payable within one year | 42/48 | €86,951 | €100,530 | +€13,578 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €14,998 | €15,149 | +€151 | +1.0% |
| Trade debts | 44 | €4,494 | €15,839 | +€11,346 | +252% |
| Suppliers | 440/4 | €4,494 | €15,839 | +€11,346 | +252% |
| Taxes, remuneration and social security | 45 | €11,036 | €23,121 | +€12,086 | +110% |
| Taxes | 450/3 | €3,978 | €8,434 | +€4,456 | +112% |
| Remuneration and social security | 454/9 | €7,057 | €14,687 | +€7,630 | +108% |
| Other amounts payable | 47/48 | €56,423 | €46,420 | -€10,003 | -17.7% |
| Accrued charges and deferred income | 492/3 | €1,479 | - | -€1,479 | |
| Remuneration, social security and pensions | 62 | €28,647 | €40,559 | +€11,911 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,494 | €6,025 | +€531 | +9.7% |
| Other operating charges | 640/8 | €390 | €400 | +€9 | +2.4% |
| Gross operating margin | 9900 | €35,289 | €79,889 | +€44,600 | +126% |
| Operating profit (loss) | 9901 | €758 | €32,906 | +€32,149 | +4,242% |
| Financial charges | 65/66B | €2,121 | €1,659 | -€462 | -21.8% |
| Recurring financial charges | 65 | €2,121 | €1,659 | -€462 | -21.8% |
| Non-recurring financial charges | 66B | - | €1,659 | +€1,659 | |
| Profit (loss) for the period before taxes | 9903 | -€1,364 | €31,247 | +€32,611 | |
| Income taxes | 67/77 | €865 | €7,965 | +€7,100 | +820% |
| Profit (loss) for the period | 9904 | -€2,229 | €23,282 | +€25,511 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,229 | €23,282 | +€25,511 |
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 17 October 2026 via checked.be.