figure8: 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.
figure8
Largest movements
- Cash +€42,509
up €42,509 (+99.0%), from €42,951 to €85,460
mainly Net result for the year (+€84,702) and Receivables within one year (+€24,840)
- Receivables within one year -€24,840
down €24,840 (-30.8%), from €80,687 to €55,847
of which Trade receivables: -€24,535
- Tangible fixed assets +€4,320
up €4,320 (+51.4%), from €8,401 to €12,720
of which Plant, machinery and equipment: +€2,894
- Deferred charges and accrued income -€2,055
no longer reported in 2025 (was €2,055)
- Profit (loss) carried forward +€53,868
no longer reported in 2025 (was -€53,868)
- Reserves -€26,257
down €26,257 (-24.0%), from €109,388 to €83,131
of which Distributable reserves: -€26,257
- Other debts +€14,740
up €14,740 (+1,600%), from €922 to €15,661
- Trade debts -€11,230
down €11,230 (-68.5%), from €16,384 to €5,154
- Accrued charges and deferred income -€10,800
no longer reported in 2025 (was €10,800)
- Gross operating margin +€135,075
up €135,075 (+669%), from €20,203 to €155,278
- Taxes +€21,495
up €21,495 (+6,792%), from €316 to €21,812
- Financial income -€6,858
down €6,858 (-89.4%), from €7,670 to €812
- Staff costs +€5,038
up €5,038 (+13.1%), from €38,568 to €43,606
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 | €134,093 | €154,027 | +€19,933 | +14.9% |
| Fixed assets | 21/28 | €8,401 | €12,720 | +€4,320 | +51.4% |
| Tangible fixed assets | 22/27 | €8,401 | €12,720 | +€4,320 | +51.4% |
| Plant, machinery and equipment | 23 | €6,694 | €9,588 | +€2,894 | +43.2% |
| Furniture and vehicles | 24 | €1,706 | €3,132 | +€1,426 | +83.6% |
| Current assets | 29/58 | €125,693 | €141,307 | +€15,614 | +12.4% |
| Amounts receivable within one year | 40/41 | €80,687 | €55,847 | -€24,840 | -30.8% |
| Trade receivables | 40 | €68,573 | €44,038 | -€24,535 | -35.8% |
| Other amounts receivable | 41 | €12,113 | €11,808 | -€305 | -2.5% |
| Cash at bank and in hand | 54/58 | €42,951 | €85,460 | +€42,509 | +99.0% |
| Deferred charges and accrued income | 490/1 | €2,055 | - | -€2,055 | |
| Total equity and liabilities | 10/49 | €134,093 | €154,027 | +€19,933 | +14.9% |
| Equity | 10/15 | €62,120 | €89,731 | +€27,611 | +44.4% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €109,388 | €83,131 | -€26,257 | -24.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,528 | €81,271 | -€26,257 | -24.4% |
| Profit (loss) carried forward | 14 | -€53,868 | - | +€53,868 | |
| Amounts payable | 17/49 | €71,973 | €64,295 | -€7,678 | -10.7% |
| Amounts payable after more than one year | 17 | €9,280 | €2,382 | -€6,899 | -74.3% |
| Financial debts | 170/4 | €9,280 | €2,382 | -€6,899 | -74.3% |
| Amounts payable within one year | 42/48 | €51,893 | €61,914 | +€10,021 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €6,544 | €6,899 | +€354 | +5.4% |
| Financial debts | 43 | €4,000 | €4,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €16,384 | €5,154 | -€11,230 | -68.5% |
| Suppliers | 440/4 | €16,384 | €5,154 | -€11,230 | -68.5% |
| Taxes, remuneration and social security | 45 | €24,043 | €30,200 | +€6,157 | +25.6% |
| Taxes | 450/3 | €19,110 | €16,499 | -€2,611 | -13.7% |
| Remuneration and social security | 454/9 | €4,933 | €13,701 | +€8,768 | +178% |
| Other amounts payable | 47/48 | €922 | €15,661 | +€14,740 | +1,600% |
| Accrued charges and deferred income | 492/3 | €10,800 | - | -€10,800 | |
| Non-recurring operating income | 76A | - | €1,884 | +€1,884 | |
| Remuneration, social security and pensions | 62 | €38,568 | €43,606 | +€5,038 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,784 | €3,893 | -€891 | -18.6% |
| Other operating charges | 640/8 | €141 | €531 | +€391 | +278% |
| Non-recurring operating charges | 66A | - | €158 | +€158 | |
| Gross operating margin | 9900 | €20,203 | €155,278 | +€135,075 | +669% |
| Operating profit (loss) | 9901 | -€23,289 | €107,091 | +€130,379 | |
| Financial income | 75/76B | €7,670 | €812 | -€6,858 | -89.4% |
| Recurring financial income | 75 | €7,670 | €812 | -€6,858 | -89.4% |
| Financial charges | 65/66B | €1,439 | €1,389 | -€50 | -3.4% |
| Recurring financial charges | 65 | €1,439 | €1,389 | -€50 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,058 | €106,513 | +€123,571 | |
| Income taxes | 67/77 | €316 | €21,812 | +€21,495 | +6,792% |
| Profit (loss) for the period | 9904 | -€17,374 | €84,702 | +€102,076 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,374 | €84,702 | +€102,076 |
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 27 October 2026 via checked.be.