Extensive Thinking: 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.
Extensive Thinking
Largest movements
- Cash +€30,545
up €30,545 (+78.8%), from €38,779 to €69,324
mainly Net result for the year (+€34,426) and Tax, wage and social debts (+€1,478)
- Receivables within one year +€1,067
up €1,067 (+12.5%), from €8,517 to €9,583
- Reserves +€34,426
up €34,426 (+137.7%), from €25,008 to €59,434
- Other debts -€2,527
down €2,527 (-50.3%), from €5,020 to €2,493
- Trade debts -€1,998
down €1,998 (-93.1%), from €2,147 to €149
- Tax, wage and social debts +€1,478
up €1,478 (+10.1%), from €14,609 to €16,087
of which Taxes: +€3,978
- Gross operating margin +€11,860
up €11,860 (+36.6%), from €32,366 to €44,225
- Taxes +€2,447
up €2,447 (+35.6%), from €6,872 to €9,319
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.
Cash bridge derived
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 | €48,773 | €80,255 | +€31,482 | +64.5% |
| Fixed assets | 21/28 | €922 | €481 | -€441 | -47.8% |
| Tangible fixed assets | 22/27 | €922 | €481 | -€441 | -47.8% |
| Plant, machinery and equipment | 23 | €922 | €481 | -€441 | -47.8% |
| Current assets | 29/58 | €47,851 | €79,773 | +€31,922 | +66.7% |
| Amounts receivable within one year | 40/41 | €8,517 | €9,583 | +€1,067 | +12.5% |
| Trade receivables | 40 | €8,517 | €9,583 | +€1,067 | +12.5% |
| Cash at bank and in hand | 54/58 | €38,779 | €69,324 | +€30,545 | +78.8% |
| Deferred charges and accrued income | 490/1 | €556 | €866 | +€311 | +56.0% |
| Total equity and liabilities | 10/49 | €48,773 | €80,255 | +€31,482 | +64.5% |
| Equity | 10/15 | €26,008 | €60,434 | +€34,426 | +132.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,008 | €59,434 | +€34,426 | +137.7% |
| Distributable reserves | 133 | €25,008 | €59,434 | +€34,426 | +137.7% |
| Amounts payable | 17/49 | €22,764 | €19,820 | -€2,944 | -12.9% |
| Amounts payable within one year | 42/48 | €21,775 | €18,728 | -€3,047 | -14.0% |
| Trade debts | 44 | €2,147 | €149 | -€1,998 | -93.1% |
| Suppliers | 440/4 | €2,147 | €149 | -€1,998 | -93.1% |
| Taxes, remuneration and social security | 45 | €14,609 | €16,087 | +€1,478 | +10.1% |
| Taxes | 450/3 | €12,109 | €16,087 | +€3,978 | +32.9% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €5,020 | €2,493 | -€2,527 | -50.3% |
| Accrued charges and deferred income | 492/3 | €989 | €1,093 | +€103 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €441 | +€41 | +10.2% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €32,366 | €44,225 | +€11,860 | +36.6% |
| Operating profit (loss) | 9901 | €31,916 | €43,785 | +€11,869 | +37.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €36 | €40 | +€4 | +11.8% |
| Recurring financial charges | 65 | €36 | €40 | +€4 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €31,880 | €43,745 | +€11,865 | +37.2% |
| Income taxes | 67/77 | €6,872 | €9,319 | +€2,447 | +35.6% |
| Profit (loss) for the period | 9904 | €25,008 | €34,426 | +€9,417 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,008 | €34,426 | +€9,417 | +37.7% |
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 9 October 2026 via checked.be.