FIFTY THREE: 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.
FIFTY THREE
Largest movements
- Current investments +€175,000
up €175,000 (+46.7%), from €375,000 to €550,000
- Cash +€52,194
up €52,194 (+44.8%), from €116,487 to €168,681
mainly Net result for the year (+€214,324) and Tax, wage and social debts (+€26,335)
- Receivables within one year +€13,030
up €13,030 (+65.3%), from €19,939 to €32,969
of which Trade receivables: +€13,288
- Reserves +€213,491
up €213,491 (+61.6%), from €346,527 to €560,018
- Tax, wage and social debts +€26,335
up €26,335 (+16.6%), from €158,707 to €185,042
of which Taxes: +€25,995
- Gross operating margin +€28,145
up €28,145 (+10.2%), from €275,549 to €303,694
- Taxes +€9,119
up €9,119 (+10.8%), from €84,213 to €93,332
- Financial income +€3,905
up €3,905 (+88.3%), from €4,422 to €8,327
- Financial charges +€3,046
up €3,046 (+655%), from €465 to €3,511
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 | €511,804 | €751,835 | +€240,031 | +46.9% |
| Fixed assets | 21/28 | €378 | €185 | -€193 | -51.0% |
| Tangible fixed assets | 22/27 | €378 | €185 | -€193 | -51.0% |
| Furniture and vehicles | 24 | €378 | €185 | -€193 | -51.0% |
| Current assets | 29/58 | €511,426 | €751,650 | +€240,224 | +47.0% |
| Amounts receivable within one year | 40/41 | €19,939 | €32,969 | +€13,030 | +65.3% |
| Trade receivables | 40 | €19,356 | €32,644 | +€13,288 | +68.7% |
| Other amounts receivable | 41 | €583 | €325 | -€258 | -44.2% |
| Current investments | 50/53 | €375,000 | €550,000 | +€175,000 | +46.7% |
| Cash at bank and in hand | 54/58 | €116,487 | €168,681 | +€52,194 | +44.8% |
| Total equity and liabilities | 10/49 | €511,804 | €751,835 | +€240,031 | +46.9% |
| Equity | 10/15 | €349,527 | €563,018 | +€213,491 | +61.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €346,527 | €560,018 | +€213,491 | +61.6% |
| Distributable reserves | 133 | €346,527 | €560,018 | +€213,491 | +61.6% |
| Amounts payable | 17/49 | €162,277 | €188,817 | +€26,541 | +16.4% |
| Amounts payable within one year | 42/48 | €162,277 | €188,817 | +€26,541 | +16.4% |
| Trade debts | 44 | €1,217 | €1,010 | -€207 | -17.0% |
| Suppliers | 440/4 | €1,217 | €1,010 | -€207 | -17.0% |
| Taxes, remuneration and social security | 45 | €158,707 | €185,042 | +€26,335 | +16.6% |
| Taxes | 450/3 | €148,637 | €174,632 | +€25,995 | +17.5% |
| Remuneration and social security | 454/9 | €10,070 | €10,410 | +€340 | +3.4% |
| Other amounts payable | 47/48 | €2,353 | €2,765 | +€412 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €193 | = | 0.0% |
| Other operating charges | 640/8 | €287 | €662 | +€375 | +131% |
| Gross operating margin | 9900 | €275,549 | €303,694 | +€28,145 | +10.2% |
| Operating profit (loss) | 9901 | €275,069 | €302,840 | +€27,770 | +10.1% |
| Financial income | 75/76B | €4,422 | €8,327 | +€3,905 | +88.3% |
| Recurring financial income | 75 | €4,422 | €8,327 | +€3,905 | +88.3% |
| Financial charges | 65/66B | €465 | €3,511 | +€3,046 | +655% |
| Recurring financial charges | 65 | €465 | €3,511 | +€3,046 | +655% |
| Profit (loss) for the period before taxes | 9903 | €279,026 | €307,655 | +€28,629 | +10.3% |
| Income taxes | 67/77 | €84,213 | €93,332 | +€9,119 | +10.8% |
| Profit (loss) for the period | 9904 | €194,813 | €214,324 | +€19,511 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €194,813 | €214,324 | +€19,511 | +10.0% |
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 25 October 2026 via checked.be.