feed: 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.
feed
Largest movements
- Tangible fixed assets +€33,568
up €33,568 (+223%), from €15,055 to €48,623
of which Other tangible fixed assets: +€47,226
- Cash -€18,285
down €18,285 (-24.6%), from €74,479 to €56,194
mainly Investment in fixed assets (net) (-€36,975) and Receivables within one year (-€6,915)
- Receivables within one year +€6,915
up €6,915 (+13.6%), from €50,930 to €57,845
of which Trade receivables: +€5,031
- Deferred charges and accrued income -€1,780
down €1,780 (-46.3%), from €3,847 to €2,067
- Reserves +€35,087
up €35,087 (+53.1%), from €66,039 to €101,126
- Other debts -€6,000
down €6,000 (-25.2%), from €23,764 to €17,764
- Tax, wage and social debts -€4,677
down €4,677 (-11.3%), from €41,564 to €36,887
of which Taxes: -€7,452
- Trade debts -€4,188
down €4,188 (-62.1%), from €6,744 to €2,556
- Gross operating margin +€8,460
up €8,460 (+18.8%), from €45,021 to €53,481
- Financial charges +€1,325
up €1,325 (+340%), from €390 to €1,715
- Taxes +€918
up €918 (+6.9%), from €13,216 to €14,134
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 | €144,311 | €164,729 | +€20,418 | +14.1% |
| Fixed assets | 21/28 | €15,055 | €48,623 | +€33,568 | +223% |
| Tangible fixed assets | 22/27 | €15,055 | €48,623 | +€33,568 | +223% |
| Land and buildings | 22 | €14,654 | €0 | -€14,654 | -100% |
| Furniture and vehicles | 24 | €401 | €1,398 | +€997 | +249% |
| Other tangible fixed assets | 26 | - | €47,226 | +€47,226 | |
| Current assets | 29/58 | €129,256 | €116,105 | -€13,151 | -10.2% |
| Amounts receivable within one year | 40/41 | €50,930 | €57,845 | +€6,915 | +13.6% |
| Trade receivables | 40 | €15,319 | €20,350 | +€5,031 | +32.8% |
| Other amounts receivable | 41 | €35,611 | €37,494 | +€1,883 | +5.3% |
| Cash at bank and in hand | 54/58 | €74,479 | €56,194 | -€18,285 | -24.6% |
| Deferred charges and accrued income | 490/1 | €3,847 | €2,067 | -€1,780 | -46.3% |
| Total equity and liabilities | 10/49 | €144,311 | €164,729 | +€20,418 | +14.1% |
| Equity | 10/15 | €72,239 | €107,326 | +€35,087 | +48.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,039 | €101,126 | +€35,087 | +53.1% |
| Distributable reserves | 133 | €66,039 | €101,126 | +€35,087 | +53.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €72,072 | €57,403 | -€14,669 | -20.4% |
| Amounts payable within one year | 42/48 | €72,072 | €57,207 | -€14,865 | -20.6% |
| Trade debts | 44 | €6,744 | €2,556 | -€4,188 | -62.1% |
| Suppliers | 440/4 | €6,744 | €2,556 | -€4,188 | -62.1% |
| Taxes, remuneration and social security | 45 | €41,564 | €36,887 | -€4,677 | -11.3% |
| Taxes | 450/3 | €38,989 | €31,537 | -€7,452 | -19.1% |
| Remuneration and social security | 454/9 | €2,575 | €5,350 | +€2,775 | +108% |
| Other amounts payable | 47/48 | €23,764 | €17,764 | -€6,000 | -25.2% |
| Accrued charges and deferred income | 492/3 | - | €196 | +€196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,165 | €3,406 | +€241 | +7.6% |
| Other operating charges | 640/8 | €742 | €1,170 | +€428 | +57.7% |
| Gross operating margin | 9900 | €45,021 | €53,481 | +€8,460 | +18.8% |
| Operating profit (loss) | 9901 | €41,114 | €48,904 | +€7,790 | +18.9% |
| Financial income | 75/76B | €1,638 | €2,031 | +€393 | +24.0% |
| Recurring financial income | 75 | €1,638 | €2,031 | +€393 | +24.0% |
| Financial charges | 65/66B | €390 | €1,715 | +€1,325 | +340% |
| Recurring financial charges | 65 | €390 | €1,715 | +€1,325 | +340% |
| Profit (loss) for the period before taxes | 9903 | €42,362 | €49,221 | +€6,859 | +16.2% |
| Income taxes | 67/77 | €13,216 | €14,134 | +€918 | +6.9% |
| Profit (loss) for the period | 9904 | €29,146 | €35,087 | +€5,941 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,146 | €35,087 | +€5,941 | +20.4% |
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 13 October 2026 via checked.be.