FACE2FACE: 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.
FACE2FACE
Largest movements
- Current investments +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Tangible fixed assets +€37,215
new in 2025: €37,215
- Receivables within one year -€26,296
down €26,296 (-89.9%), from €29,260 to €2,965
of which Trade receivables: -€20,711
- Cash +€13,335
up €13,335 (+19.0%), from €70,072 to €83,408
mainly Net result for the year (+€109,178) and Other debts (+€64,987)
- Other debts +€64,987
up €64,987 (+738%), from €8,803 to €73,789
- Reserves +€39,795
up €39,795 (+10.6%), from €374,135 to €413,930
- Tax, wage and social debts +€21,126
up €21,126 (+177%), from €11,959 to €33,085
- Trade debts -€5,618
down €5,618 (-83.7%), from €6,715 to €1,097
- Gross operating margin +€7,065
up €7,065 (+4.9%), from €143,015 to €150,080
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 | €402,730 | €526,099 | +€123,369 | +30.6% |
| Fixed assets | 21/28 | - | €37,215 | +€37,215 | |
| Tangible fixed assets | 22/27 | - | €37,215 | +€37,215 | |
| Furniture and vehicles | 24 | - | €37,215 | +€37,215 | |
| Current assets | 29/58 | €402,730 | €488,884 | +€86,154 | +21.4% |
| Amounts receivable within one year | 40/41 | €29,260 | €2,965 | -€26,296 | -89.9% |
| Trade receivables | 40 | €23,676 | €2,965 | -€20,711 | -87.5% |
| Other amounts receivable | 41 | €5,585 | €0 | -€5,585 | -100% |
| Current investments | 50/53 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €70,072 | €83,408 | +€13,335 | +19.0% |
| Deferred charges and accrued income | 490/1 | €3,397 | €2,512 | -€885 | -26.1% |
| Total equity and liabilities | 10/49 | €402,730 | €526,099 | +€123,369 | +30.6% |
| Equity | 10/15 | €374,235 | €414,030 | +€39,795 | +10.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €374,135 | €413,930 | +€39,795 | +10.6% |
| Distributable reserves | 133 | €374,135 | €413,930 | +€39,795 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,494 | €112,068 | +€83,574 | +293% |
| Amounts payable within one year | 42/48 | €27,476 | €107,971 | +€80,495 | +293% |
| Trade debts | 44 | €6,715 | €1,097 | -€5,618 | -83.7% |
| Suppliers | 440/4 | €6,715 | €1,097 | -€5,618 | -83.7% |
| Taxes, remuneration and social security | 45 | €11,959 | €33,085 | +€21,126 | +177% |
| Taxes | 450/3 | €11,959 | €33,085 | +€21,126 | +177% |
| Other amounts payable | 47/48 | €8,803 | €73,789 | +€64,987 | +738% |
| Accrued charges and deferred income | 492/3 | €1,018 | €4,097 | +€3,079 | +302% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,351 | +€1,351 | |
| Other operating charges | 640/8 | €513 | €545 | +€31 | +6.1% |
| Gross operating margin | 9900 | €143,015 | €150,080 | +€7,065 | +4.9% |
| Operating profit (loss) | 9901 | €142,502 | €148,185 | +€5,682 | +4.0% |
| Financial income | 75/76B | €8,047 | €6,974 | -€1,073 | -13.3% |
| Recurring financial income | 75 | €8,047 | €6,974 | -€1,073 | -13.3% |
| Financial charges | 65/66B | €106 | €123 | +€18 | +16.8% |
| Recurring financial charges | 65 | €106 | €123 | +€18 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €150,444 | €155,035 | +€4,592 | +3.1% |
| Income taxes | 67/77 | €44,363 | €45,857 | +€1,494 | +3.4% |
| Profit (loss) for the period | 9904 | €106,081 | €109,178 | +€3,097 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,081 | €109,178 | +€3,097 | +2.9% |
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 25 October 2026 via checked.be.