Firstline: what changed
Two fiscal 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.
Firstline
Largest movements
- Cash +€26,300
up €26,300 (+47.3%), from €55,599 to €81,899
mainly Net result for the year (+€19,717) and Tax, wage and social debts (+€7,052)
- Profit (loss) carried forward +€19,717
up €19,717 (+11.8%), from €166,601 to €186,319
- Tax, wage and social debts +€7,052
up €7,052 (+104.4%), from €6,757 to €13,809
of which Taxes: +€4,782
- Other debts -€2,468
no longer reported in 2025 (was €2,468)
- Gross operating margin +€5,732
up €5,732 (+17.8%), from €32,155 to €37,887
- Staff costs -€3,192
down €3,192 (-33.8%), from €9,438 to €6,247
- Other operating charges +€1,367
up €1,367 (+157.8%), from €867 to €2,234
- Financial charges -€630
down €630 (-55.3%), from €1,140 to €510
- Taxes +€420
up €420 (+7.4%), from €5,681 to €6,101
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 | €189,240 | €213,900 | +€24,660 | +13.0% |
| Fixed assets | 21/28 | €8,606 | €6,624 | -€1,982 | -23.0% |
| Tangible fixed assets | 22/27 | €8,606 | €6,624 | -€1,982 | -23.0% |
| Plant, machinery and equipment | 23 | €5,018 | €4,388 | -€630 | -12.6% |
| Furniture and vehicles | 24 | €3,588 | €2,236 | -€1,353 | -37.7% |
| Current assets | 29/58 | €180,634 | €207,276 | +€26,642 | +14.7% |
| Amounts receivable within one year | 40/41 | €107,284 | €107,627 | +€343 | +0.3% |
| Trade receivables | 40 | €22,335 | €24,475 | +€2,140 | +9.6% |
| Other amounts receivable | 41 | €84,949 | €83,151 | -€1,797 | -2.1% |
| Current investments | 50/53 | €17,750 | €17,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,599 | €81,899 | +€26,300 | +47.3% |
| Total equity and liabilities | 10/49 | €189,240 | €213,900 | +€24,660 | +13.0% |
| Equity | 10/15 | €178,739 | €198,457 | +€19,717 | +11.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €12,137 | €12,137 | = | 0.0% |
| Distributable reserves | 133 | €12,137 | €12,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,601 | €186,319 | +€19,717 | +11.8% |
| Amounts payable | 17/49 | €10,500 | €15,443 | +€4,943 | +47.1% |
| Amounts payable within one year | 42/48 | €10,500 | €15,443 | +€4,943 | +47.1% |
| Trade debts | 44 | €1,276 | €1,634 | +€358 | +28.1% |
| Suppliers | 440/4 | €1,276 | €1,634 | +€358 | +28.1% |
| Taxes, remuneration and social security | 45 | €6,757 | €13,809 | +€7,052 | +104.4% |
| Taxes | 450/3 | €6,136 | €10,917 | +€4,782 | +77.9% |
| Remuneration and social security | 454/9 | €621 | €2,892 | +€2,271 | +365.5% |
| Other amounts payable | 47/48 | €2,468 | - | -€2,468 | |
| Remuneration, social security and pensions | 62 | €9,438 | €6,247 | -€3,192 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,892 | €3,078 | +€186 | +6.4% |
| Other operating charges | 640/8 | €867 | €2,234 | +€1,367 | +157.8% |
| Gross operating margin | 9900 | €32,155 | €37,887 | +€5,732 | +17.8% |
| Operating profit (loss) | 9901 | €18,958 | €26,329 | +€7,371 | +38.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,140 | €510 | -€630 | -55.3% |
| Recurring financial charges | 65 | €1,140 | €510 | -€630 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €17,818 | €25,818 | +€8,000 | +44.9% |
| Income taxes | 67/77 | €5,681 | €6,101 | +€420 | +7.4% |
| Profit (loss) for the period | 9904 | €12,137 | €19,717 | +€7,580 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,137 | €19,717 | +€7,580 | +62.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.