F-1: what changed
Two fiscal 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.
F-1
Largest movements
- Receivables within one year +€9,787
up €9,787 (+102.6%), from €9,538 to €19,325
of which Trade receivables: +€8,146
- Tangible fixed assets -€1,321
down €1,321 (-10.9%), from €12,065 to €10,744
- Cash +€1,147
up €1,147 (+5.0%), from €22,911 to €24,058
mainly Net result for the year (+€22,588) and Trade debts (+€3,957)
- Profit (loss) carried forward +€22,588
up €22,588 (+486.6%), from €4,642 to €27,230
- Other debts -€16,231
down €16,231 (-69.7%), from €23,291 to €7,060
- Trade debts +€3,957
up €3,957 (+68.8%), from €5,752 to €9,709
- Tax, wage and social debts -€701
down €701 (-7.6%), from €9,263 to €8,562
of which Remuneration and social security: -€5,965
- Turnover +€33,679
up €33,679 (+84.9%), from €39,674 to €73,353
- Purchases and services +€21,593
up €21,593 (+83.5%), from €25,854 to €47,447
- Gross operating margin -€11,001
down €11,001 (-20.9%), from €52,565 to €41,564
- Other operating charges +€5,328
up €5,328 (+1535.4%), from €347 to €5,675
- Taxes +€4,486
up €4,486 (+386.4%), from €1,161 to €5,647
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 | €44,948 | €54,561 | +€9,613 | +21.4% |
| Fixed assets | 21/28 | €12,499 | €11,178 | -€1,321 | -10.6% |
| Tangible fixed assets | 22/27 | €12,065 | €10,744 | -€1,321 | -10.9% |
| Furniture and vehicles | 24 | €12,065 | €10,744 | -€1,321 | -10.9% |
| Financial fixed assets | 28 | €434 | €434 | = | 0.0% |
| Current assets | 29/58 | €32,449 | €43,383 | +€10,934 | +33.7% |
| Amounts receivable within one year | 40/41 | €9,538 | €19,325 | +€9,787 | +102.6% |
| Trade receivables | 40 | €5,007 | €13,153 | +€8,146 | +162.7% |
| Other amounts receivable | 41 | €4,531 | €6,172 | +€1,641 | +36.2% |
| Cash at bank and in hand | 54/58 | €22,911 | €24,058 | +€1,147 | +5.0% |
| Total equity and liabilities | 10/49 | €44,948 | €54,561 | +€9,613 | +21.4% |
| Equity | 10/15 | €6,642 | €29,230 | +€22,588 | +340.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,642 | €27,230 | +€22,588 | +486.6% |
| Amounts payable | 17/49 | €38,306 | €25,331 | -€12,975 | -33.9% |
| Amounts payable within one year | 42/48 | €38,306 | €25,331 | -€12,975 | -33.9% |
| Trade debts | 44 | €5,752 | €9,709 | +€3,957 | +68.8% |
| Suppliers | 440/4 | €5,752 | €9,709 | +€3,957 | +68.8% |
| Taxes, remuneration and social security | 45 | €9,263 | €8,562 | -€701 | -7.6% |
| Taxes | 450/3 | €1,355 | €6,619 | +€5,264 | +388.5% |
| Remuneration and social security | 454/9 | €7,908 | €1,943 | -€5,965 | -75.4% |
| Other amounts payable | 47/48 | €23,291 | €7,060 | -€16,231 | -69.7% |
| Turnover | 70 | €39,674 | €73,353 | +€33,679 | +84.9% |
| Non-recurring operating income | 76A | €9,335 | - | -€9,335 | |
| Goods, raw materials, services and sundry goods | 60/61 | €25,854 | €47,447 | +€21,593 | +83.5% |
| Remuneration, social security and pensions | 62 | €5,705 | €5,000 | -€705 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €2,502 | +€2,170 | +653.6% |
| Other operating charges | 640/8 | €347 | €5,675 | +€5,328 | +1535.4% |
| Non-recurring operating charges | 66A | €16,106 | - | -€16,106 | |
| Gross operating margin | 9900 | €52,565 | €41,564 | -€11,001 | -20.9% |
| Operating profit (loss) | 9901 | €30,075 | €28,387 | -€1,688 | -5.6% |
| Financial charges | 65/66B | €162 | €152 | -€10 | -6.2% |
| Recurring financial charges | 65 | €162 | €152 | -€10 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €29,913 | €28,235 | -€1,678 | -5.6% |
| Income taxes | 67/77 | €1,161 | €5,647 | +€4,486 | +386.4% |
| Profit (loss) for the period | 9904 | €28,752 | €22,588 | -€6,164 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,752 | €22,588 | -€6,164 | -21.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.