EXTRA BOLD: 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.
EXTRA BOLD
Largest movements
- Cash +€15,025
up €15,025 (+11.9%), from €126,320 to €141,345
mainly Net result for the year (+€17,027) and Other debts (+€7,487)
- Tangible fixed assets -€4,150
down €4,150 (-38.8%), from €10,703 to €6,554
of which Furniture and vehicles: -€3,337
- Reserves +€17,027
up €17,027 (+16.7%), from €102,194 to €119,221
of which Distributable reserves: +€17,027
- Trade debts -€16,846
down €16,846 (-86.5%), from €19,471 to €2,625
- Other debts +€7,487
up €7,487 (+44.8%), from €16,709 to €24,195
- Tax, wage and social debts +€4,725
up €4,725 (+78.8%), from €5,993 to €10,718
- Gross operating margin -€17,874
down €17,874 (-37.3%), from €47,913 to €30,039
- Taxes -€5,385
down €5,385 (-41.9%), from €12,842 to €7,457
- Depreciation +€697
up €697 (+20.2%), from €3,453 to €4,150
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 | €175,142 | €187,359 | +€12,217 | +7.0% |
| Fixed assets | 21/28 | €10,703 | €6,554 | -€4,150 | -38.8% |
| Tangible fixed assets | 22/27 | €10,703 | €6,554 | -€4,150 | -38.8% |
| Land and buildings | 22 | €1,917 | €1,708 | -€208 | -10.9% |
| Furniture and vehicles | 24 | €7,579 | €4,241 | -€3,337 | -44.0% |
| Other tangible fixed assets | 26 | €1,208 | €604 | -€604 | -50.0% |
| Current assets | 29/58 | €164,439 | €180,805 | +€16,367 | +10.0% |
| Amounts receivable within one year | 40/41 | €35,176 | €35,854 | +€678 | +1.9% |
| Trade receivables | 40 | €31,850 | €35,854 | +€4,004 | +12.6% |
| Other amounts receivable | 41 | €3,325 | - | -€3,325 | |
| Cash at bank and in hand | 54/58 | €126,320 | €141,345 | +€15,025 | +11.9% |
| Deferred charges and accrued income | 490/1 | €2,943 | €3,607 | +€664 | +22.5% |
| Total equity and liabilities | 10/49 | €175,142 | €187,359 | +€12,217 | +7.0% |
| Equity | 10/15 | €131,986 | €149,013 | +€17,027 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,194 | €119,221 | +€17,027 | +16.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,334 | €117,361 | +€17,027 | +17.0% |
| Profit (loss) carried forward | 14 | €11,192 | €11,192 | = | 0.0% |
| Amounts payable | 17/49 | €43,156 | €38,346 | -€4,810 | -11.1% |
| Amounts payable within one year | 42/48 | €42,172 | €37,538 | -€4,634 | -11.0% |
| Trade debts | 44 | €19,471 | €2,625 | -€16,846 | -86.5% |
| Suppliers | 440/4 | €19,471 | €2,625 | -€16,846 | -86.5% |
| Taxes, remuneration and social security | 45 | €5,993 | €10,718 | +€4,725 | +78.8% |
| Taxes | 450/3 | €5,993 | €10,718 | +€4,725 | +78.8% |
| Other amounts payable | 47/48 | €16,709 | €24,195 | +€7,487 | +44.8% |
| Accrued charges and deferred income | 492/3 | €984 | €808 | -€176 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,453 | €4,150 | +€697 | +20.2% |
| Other operating charges | 640/8 | €932 | €1,216 | +€284 | +30.5% |
| Gross operating margin | 9900 | €47,913 | €30,039 | -€17,874 | -37.3% |
| Operating profit (loss) | 9901 | €43,528 | €24,673 | -€18,855 | -43.3% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €147 | €189 | +€42 | +28.7% |
| Recurring financial charges | 65 | €147 | €189 | +€42 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €43,387 | €24,484 | -€18,903 | -43.6% |
| Income taxes | 67/77 | €12,842 | €7,457 | -€5,385 | -41.9% |
| Profit (loss) for the period | 9904 | €30,545 | €17,027 | -€13,518 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,545 | €17,027 | -€13,518 | -44.3% |
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 15 October 2026 via checked.be.