FACTS: 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.
FACTS
Largest movements
- Receivables within one year +€19,137
up €19,137 (+158.7%), from €12,057 to €31,194
of which Trade receivables: +€20,092
- Cash -€10,628
down €10,628 (-22.7%), from €46,755 to €36,127
mainly Contributions, distributions and other (-€52,513) and Receivables within one year (-€19,137)
- Deferred charges and accrued income -€2,476
down €2,476 (-23.1%), from €10,729 to €8,253
- Tangible fixed assets -€821
down €821 (-43.4%), from €1,894 to €1,073
of which Furniture and vehicles: -€561
- Tax, wage and social debts +€3,978
up €3,978 (+26.5%), from €15,030 to €19,007
- Trade debts +€2,106
up €2,106 (+113.4%), from €1,858 to €3,963
- Other debts -€871
down €871 (-1.9%), from €46,962 to €46,091
- Gross operating margin +€3,324
up €3,324 (+5.1%), from €64,882 to €68,206
- Financial income -€1,259
down €1,259 (-99.2%), from €1,270 to €11
- Taxes +€938
up €938 (+7.1%), from €13,233 to €14,171
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 | €71,434 | €76,646 | +€5,212 | +7.3% |
| Fixed assets | 21/28 | €1,894 | €1,073 | -€821 | -43.4% |
| Tangible fixed assets | 22/27 | €1,894 | €1,073 | -€821 | -43.4% |
| Plant, machinery and equipment | 23 | €766 | €506 | -€261 | -34.0% |
| Furniture and vehicles | 24 | €1,128 | €567 | -€561 | -49.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €69,540 | €75,574 | +€6,033 | +8.7% |
| Amounts receivable within one year | 40/41 | €12,057 | €31,194 | +€19,137 | +158.7% |
| Trade receivables | 40 | €11,103 | €31,194 | +€20,092 | +181.0% |
| Other amounts receivable | 41 | €954 | €0 | -€954 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,755 | €36,127 | -€10,628 | -22.7% |
| Deferred charges and accrued income | 490/1 | €10,729 | €8,253 | -€2,476 | -23.1% |
| Total equity and liabilities | 10/49 | €71,434 | €76,646 | +€5,212 | +7.3% |
| Equity | 10/15 | €7,500 | €7,500 | = | 0.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,934 | €69,146 | +€5,212 | +8.2% |
| Amounts payable within one year | 42/48 | €63,849 | €69,061 | +€5,212 | +8.2% |
| Trade debts | 44 | €1,858 | €3,963 | +€2,106 | +113.4% |
| Suppliers | 440/4 | €1,858 | €3,963 | +€2,106 | +113.4% |
| Taxes, remuneration and social security | 45 | €15,030 | €19,007 | +€3,978 | +26.5% |
| Taxes | 450/3 | €15,030 | €19,007 | +€3,978 | +26.5% |
| Other amounts payable | 47/48 | €46,962 | €46,091 | -€871 | -1.9% |
| Accrued charges and deferred income | 492/3 | €85 | €85 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €821 | +€245 | +42.5% |
| Other operating charges | 640/8 | €676 | €520 | -€156 | -23.1% |
| Gross operating margin | 9900 | €64,882 | €68,206 | +€3,324 | +5.1% |
| Operating profit (loss) | 9901 | €63,630 | €66,865 | +€3,235 | +5.1% |
| Financial income | 75/76B | €1,270 | €11 | -€1,259 | -99.2% |
| Recurring financial income | 75 | €1,270 | €11 | -€1,259 | -99.2% |
| Financial charges | 65/66B | €175 | €192 | +€16 | +9.4% |
| Recurring financial charges | 65 | €175 | €192 | +€16 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €64,725 | €66,684 | +€1,960 | +3.0% |
| Income taxes | 67/77 | €13,233 | €14,171 | +€938 | +7.1% |
| Profit (loss) for the period | 9904 | €51,491 | €52,513 | +€1,022 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,491 | €52,513 | +€1,022 | +2.0% |
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 10 October 2026 via checked.be.