Finance & Tax: what changed
What changed
Finance & Tax
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€301,094
2024 · €311,006-€9,913
Equity
€1.6m
2024 · €1.3m+€292,549
Cash
€267,606
2024 · €465,755-€198,149
Balance sheet total
€2.1m
2024 · €1.7m+€334,107
Largest movements
Assets
- Receivables after one year +€909,262
up €909,262 (+157%), from €579,923 to €1.5m
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Cash -€198,149
down €198,149 (-42.5%), from €465,755 to €267,606
mainly Receivables after one year (-€909,262) and Debts after one year (-€18,973)
Equity and liabilities
- Profit (loss) carried forward +€324,124
up €324,124 (+31.4%), from €1.0m to €1.4m
- Other debts +€34,380
up €34,380 (+13.5%), from €254,661 to €289,041
- Reserves -€31,575
down €31,575 (-12.4%), from €254,460 to €222,885
of which Tax-exempt reserves: -€31,575
Income statement
- Staff costs +€53,154
up €53,154 (+50.9%), from €104,367 to €157,521
- Gross operating margin +€13,255
up €13,255 (+2.3%), from €581,271 to €594,525
- Write-downs -€11,777
down €11,777 (-42.4%), from €27,787 to €16,010
- Depreciation -€10,779
down €10,779 (-30.6%), from €35,252 to €24,473
- Taxes -€10,705
down €10,705 (-9.9%), from €107,821 to €97,115
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€311,006
Gross operating margin
+€13,255
Staff costs
-€53,154
Depreciation
+€10,779
Write-downs
+€11,777
Other operating charges
+€1,403
Financial income
-€4,180
Financial charges
-€499
Taxes
+€10,705
Result 2025
€301,094
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€513,028
Investment
+€341,843
Financing
-€26,964
Cash 2024
€465,755
From operations (derived)
-€513,028
Net result for the year
+€301,094
Depreciation
+€24,473
Receivables after one year
-€909,262
Receivables within one year
+€9,494
Deferred charges and accrued income
+€1,196
Trade debts
+€6,983
Tax, wage and social debts
+€18,614
Other debts
+€34,380
Investment (derived)
+€341,843
Investment in fixed assets (net)
-€8,157
Current investments
+€350,000
Financing
-€26,964
Debts after one year
-€18,973
Current portion of long-term debt
+€554
Contributions, distributions and other
-€8,545
Cash 2025
€267,606
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,739,764 | €2,073,871 | +€334,107 | +19.2% |
| Fixed assets | 21/28 | €70,178 | €53,862 | -€16,316 | -23.2% |
| Tangible fixed assets | 22/27 | €70,178 | €53,862 | -€16,316 | -23.2% |
| Furniture and vehicles | 24 | €70,178 | €53,862 | -€16,316 | -23.2% |
| Current assets | 29/58 | €1,669,586 | €2,020,008 | +€350,423 | +21.0% |
| Amounts receivable after more than one year | 29 | €579,923 | €1,489,184 | +€909,262 | +157% |
| Other amounts receivable | 291 | €579,923 | €1,489,184 | +€909,262 | +157% |
| Amounts receivable within one year | 40/41 | €271,996 | €262,502 | -€9,494 | -3.5% |
| Trade receivables | 40 | €249,297 | €235,793 | -€13,504 | -5.4% |
| Other amounts receivable | 41 | €22,699 | €26,709 | +€4,010 | +17.7% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €465,755 | €267,606 | -€198,149 | -42.5% |
| Deferred charges and accrued income | 490/1 | €1,912 | €715 | -€1,196 | -62.6% |
| Total equity and liabilities | 10/49 | €1,739,764 | €2,073,871 | +€334,107 | +19.2% |
| Equity | 10/15 | €1,304,739 | €1,597,288 | +€292,549 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €254,460 | €222,885 | -€31,575 | -12.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,600 | €221,025 | -€31,575 | -12.5% |
| Profit (loss) carried forward | 14 | €1,031,679 | €1,355,803 | +€324,124 | +31.4% |
| Amounts payable | 17/49 | €435,024 | €476,583 | +€41,559 | +9.6% |
| Amounts payable after more than one year | 17 | €40,173 | €21,199 | -€18,973 | -47.2% |
| Financial debts | 170/4 | €40,173 | €21,199 | -€18,973 | -47.2% |
| Amounts payable within one year | 42/48 | €394,852 | €455,384 | +€60,532 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €18,419 | €18,973 | +€554 | +3.0% |
| Trade debts | 44 | €86,819 | €93,803 | +€6,983 | +8.0% |
| Suppliers | 440/4 | €86,819 | €93,803 | +€6,983 | +8.0% |
| Taxes, remuneration and social security | 45 | €34,953 | €53,567 | +€18,614 | +53.3% |
| Taxes | 450/3 | €23,692 | €33,442 | +€9,750 | +41.2% |
| Remuneration and social security | 454/9 | €11,261 | €20,125 | +€8,864 | +78.7% |
| Other amounts payable | 47/48 | €254,661 | €289,041 | +€34,380 | +13.5% |
| Remuneration, social security and pensions | 62 | €104,367 | €157,521 | +€53,154 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,252 | €24,473 | -€10,779 | -30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,787 | €16,010 | -€11,777 | -42.4% |
| Other operating charges | 640/8 | €3,952 | €2,549 | -€1,403 | -35.5% |
| Gross operating margin | 9900 | €581,271 | €594,525 | +€13,255 | +2.3% |
| Operating profit (loss) | 9901 | €409,912 | €393,973 | -€15,939 | -3.9% |
| Financial income | 75/76B | €11,386 | €7,206 | -€4,180 | -36.7% |
| Recurring financial income | 75 | €11,386 | €7,206 | -€4,180 | -36.7% |
| Financial charges | 65/66B | €2,471 | €2,970 | +€499 | +20.2% |
| Recurring financial charges | 65 | €2,471 | €2,970 | +€499 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €418,827 | €398,209 | -€20,618 | -4.9% |
| Income taxes | 67/77 | €107,821 | €97,115 | -€10,705 | -9.9% |
| Profit (loss) for the period | 9904 | €311,006 | €301,094 | -€9,913 | -3.2% |
| Transfer from tax-exempt reserves | 789 | - | €157,875 | +€157,875 | |
| Transfer to tax-exempt reserves | 689 | €94,725 | €126,300 | +€31,575 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €216,281 | €332,669 | +€116,387 | +53.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.