FAST & FORWARD: 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.
FAST & FORWARD
Largest movements
- Tangible fixed assets +€39,540
up €39,540 (+157.8%), from €25,053 to €64,594
of which Plant, machinery and equipment: +€40,151
- Cash +€29,892
up €29,892 (+93.5%), from €31,954 to €61,846
mainly Net result for the year (+€82,581) and Other debts (+€48,831)
- Receivables within one year +€25,635
up €25,635 (+140.7%), from €18,226 to €43,861
- Other debts +€48,831
up €48,831 (+532.2%), from €9,175 to €58,006
- Tax, wage and social debts +€23,474
up €23,474 (+725.9%), from €3,234 to €26,708
of which Taxes: +€18,540
- Debts after one year +€22,814
new in 2025: €22,814
- Trade debts +€7,611
up €7,611 (+887.4%), from €858 to €8,468
- Profit (loss) carried forward -€7,419
down €7,419 (-16.6%), from €44,732 to €37,313
- Gross operating margin +€92,723
up €92,723 (+481.9%), from €19,242 to €111,965
- Taxes +€17,633
up €17,633 (+328.7%), from €5,364 to €22,997
- Depreciation +€2,700
up €2,700 (+615.6%), from €439 to €3,139
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 | €76,598 | €171,909 | +€95,311 | +124.4% |
| Fixed assets | 21/28 | €25,053 | €64,594 | +€39,540 | +157.8% |
| Tangible fixed assets | 22/27 | €25,053 | €64,594 | +€39,540 | +157.8% |
| Plant, machinery and equipment | 23 | - | €40,151 | +€40,151 | |
| Furniture and vehicles | 24 | €25,053 | €24,443 | -€611 | -2.4% |
| Current assets | 29/58 | €51,545 | €107,315 | +€55,770 | +108.2% |
| Amounts receivable within one year | 40/41 | €18,226 | €43,861 | +€25,635 | +140.7% |
| Trade receivables | 40 | €18,226 | €43,861 | +€25,635 | +140.7% |
| Cash at bank and in hand | 54/58 | €31,954 | €61,846 | +€29,892 | +93.5% |
| Deferred charges and accrued income | 490/1 | €1,365 | €1,609 | +€243 | +17.8% |
| Total equity and liabilities | 10/49 | €76,598 | €171,909 | +€95,311 | +124.4% |
| Equity | 10/15 | €63,332 | €55,913 | -€7,419 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,732 | €37,313 | -€7,419 | -16.6% |
| Amounts payable | 17/49 | €13,266 | €115,996 | +€102,729 | +774.4% |
| Amounts payable after more than one year | 17 | - | €22,814 | +€22,814 | |
| Financial debts | 170/4 | - | €22,814 | +€22,814 | |
| Amounts payable within one year | 42/48 | €13,266 | €93,182 | +€79,916 | +602.4% |
| Trade debts | 44 | €858 | €8,468 | +€7,611 | +887.4% |
| Suppliers | 440/4 | €858 | €8,468 | +€7,611 | +887.4% |
| Taxes, remuneration and social security | 45 | €3,234 | €26,708 | +€23,474 | +725.9% |
| Taxes | 450/3 | €3,234 | €21,774 | +€18,540 | +573.3% |
| Remuneration and social security | 454/9 | - | €4,934 | +€4,934 | |
| Other amounts payable | 47/48 | €9,175 | €58,006 | +€48,831 | +532.2% |
| Remuneration, social security and pensions | 62 | €290 | - | -€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €3,139 | +€2,700 | +615.6% |
| Other operating charges | 640/8 | €1,889 | €2,805 | +€917 | +48.5% |
| Gross operating margin | 9900 | €19,242 | €111,965 | +€92,723 | +481.9% |
| Operating profit (loss) | 9901 | €16,625 | €106,020 | +€89,396 | +537.7% |
| Financial income | 75/76B | €131 | €163 | +€31 | +23.8% |
| Recurring financial income | 75 | €131 | €163 | +€31 | +23.8% |
| Financial charges | 65/66B | €184 | €605 | +€421 | +229.0% |
| Recurring financial charges | 65 | €184 | €605 | +€421 | +229.0% |
| Profit (loss) for the period before taxes | 9903 | €16,572 | €105,579 | +€89,006 | +537.1% |
| Income taxes | 67/77 | €5,364 | €22,997 | +€17,633 | +328.7% |
| Profit (loss) for the period | 9904 | €11,208 | €82,581 | +€71,373 | +636.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,208 | €82,581 | +€71,373 | +636.8% |
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.