Expect More: 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.
Expect More
Largest movements
- Receivables within one year +€6,455
up €6,455 (+72.2%), from €8,945 to €15,400
of which Trade receivables: +€8,056
- Tangible fixed assets -€4,177
down €4,177 (-15.6%), from €26,694 to €22,517
of which Furniture and vehicles: -€5,677
- Cash +€2,969
up €2,969 (+5.8%), from €51,349 to €54,318
mainly Net result for the year (+€23,891) and Depreciation (+€5,677)
- Reserves +€23,891
up €23,891 (+49.5%), from €48,294 to €72,185
- Other debts -€11,696
down €11,696 (-89.2%), from €13,119 to €1,423
- Debts after one year -€5,089
no longer reported in 2025 (was €5,089)
- Tax, wage and social debts -€2,140
down €2,140 (-20.7%), from €10,336 to €8,197
of which Remuneration and social security: -€4,916
- Staff costs -€21,723
no longer reported in 2025 (was €21,723)
- Gross operating margin -€14,959
down €14,959 (-27.1%), from €55,171 to €40,212
- Depreciation +€4,304
up €4,304 (+313%), from €1,374 to €5,677
- Taxes +€2,650
up €2,650 (+38.0%), from €6,983 to €9,634
- Financial income -€1,308
down €1,308 (-99.9%), from €1,310 to €1
of which Non-recurring financial income: -€1,236
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 | €86,988 | €92,235 | +€5,247 | +6.0% |
| Fixed assets | 21/28 | €26,694 | €22,517 | -€4,177 | -15.6% |
| Tangible fixed assets | 22/27 | €26,694 | €22,517 | -€4,177 | -15.6% |
| Plant, machinery and equipment | 23 | - | €1,500 | +€1,500 | |
| Furniture and vehicles | 24 | €26,694 | €21,017 | -€5,677 | -21.3% |
| Current assets | 29/58 | €60,294 | €69,718 | +€9,425 | +15.6% |
| Amounts receivable within one year | 40/41 | €8,945 | €15,400 | +€6,455 | +72.2% |
| Trade receivables | 40 | €6,929 | €14,984 | +€8,056 | +116% |
| Other amounts receivable | 41 | €2,017 | €416 | -€1,600 | -79.4% |
| Cash at bank and in hand | 54/58 | €51,349 | €54,318 | +€2,969 | +5.8% |
| Total equity and liabilities | 10/49 | €86,988 | €92,235 | +€5,247 | +6.0% |
| Equity | 10/15 | €52,294 | €76,185 | +€23,891 | +45.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €48,294 | €72,185 | +€23,891 | +49.5% |
| Distributable reserves | 133 | €48,294 | €72,185 | +€23,891 | +49.5% |
| Amounts payable | 17/49 | €34,694 | €16,050 | -€18,644 | -53.7% |
| Amounts payable after more than one year | 17 | €5,089 | - | -€5,089 | |
| Financial debts | 170/4 | €5,089 | - | -€5,089 | |
| Amounts payable within one year | 42/48 | €29,605 | €16,050 | -€13,555 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €4,911 | €5,089 | +€177 | +3.6% |
| Trade debts | 44 | €1,238 | €1,341 | +€103 | +8.3% |
| Suppliers | 440/4 | €1,238 | €1,341 | +€103 | +8.3% |
| Taxes, remuneration and social security | 45 | €10,336 | €8,197 | -€2,140 | -20.7% |
| Taxes | 450/3 | €5,420 | €8,197 | +€2,776 | +51.2% |
| Remuneration and social security | 454/9 | €4,916 | - | -€4,916 | |
| Other amounts payable | 47/48 | €13,119 | €1,423 | -€11,696 | -89.2% |
| Remuneration, social security and pensions | 62 | €21,723 | - | -€21,723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,374 | €5,677 | +€4,304 | +313% |
| Other operating charges | 640/8 | €962 | €563 | -€399 | -41.5% |
| Gross operating margin | 9900 | €55,171 | €40,212 | -€14,959 | -27.1% |
| Operating profit (loss) | 9901 | €31,112 | €33,972 | +€2,860 | +9.2% |
| Financial income | 75/76B | €1,310 | €1 | -€1,308 | -99.9% |
| Recurring financial income | 75 | €74 | €1 | -€72 | -98.2% |
| Non-recurring financial income | 76B | €1,236 | - | -€1,236 | |
| Financial charges | 65/66B | €271 | €449 | +€177 | +65.3% |
| Recurring financial charges | 65 | €271 | €449 | +€177 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €32,150 | €33,525 | +€1,375 | +4.3% |
| Income taxes | 67/77 | €6,983 | €9,634 | +€2,650 | +38.0% |
| Profit (loss) for the period | 9904 | €25,167 | €23,891 | -€1,276 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,167 | €23,891 | -€1,276 | -5.1% |
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 13 October 2026 via checked.be.