FIXING FEET: 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.
FIXING FEET
Largest movements
- Cash +€56,011
up €56,011 (+164%), from €34,056 to €90,067
mainly Current investments (+€24,400) and Net result for the year (+€22,696)
- Current investments -€24,400
down €24,400 (-70.9%), from €34,400 to €10,000
- Receivables within one year -€2,241
down €2,241 (-84.8%), from €2,644 to €402
of which Trade receivables: -€1,637
- Tangible fixed assets -€2,132
down €2,132 (-9.9%), from €21,641 to €19,509
of which Plant, machinery and equipment: -€1,784
- Reserves +€22,696
up €22,696 (+70.9%), from €32,025 to €54,721
- Tax, wage and social debts +€4,417
up €4,417 (+887%), from €498 to €4,915
- Gross operating margin +€18,224
up €18,224 (+83.4%), from €21,853 to €40,077
- Financial charges +€5,032
up €5,032 (+684%), from €736 to €5,768
- Taxes +€3,263
up €3,263 (+61.5%), from €5,303 to €8,566
- Financial income +€1,786
up €1,786 (+1,139%), from €157 to €1,943
- Depreciation +€1,615
up €1,615 (+63.2%), from €2,554 to €4,169
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 | €93,171 | €121,222 | +€28,050 | +30.1% |
| Fixed assets | 21/28 | €21,641 | €19,509 | -€2,132 | -9.9% |
| Tangible fixed assets | 22/27 | €21,641 | €19,509 | -€2,132 | -9.9% |
| Land and buildings | 22 | €1,965 | €1,664 | -€301 | -15.3% |
| Plant, machinery and equipment | 23 | €10,599 | €8,815 | -€1,784 | -16.8% |
| Furniture and vehicles | 24 | €9,077 | €9,030 | -€47 | -0.5% |
| Current assets | 29/58 | €71,531 | €101,713 | +€30,182 | +42.2% |
| Amounts receivable within one year | 40/41 | €2,644 | €402 | -€2,241 | -84.8% |
| Trade receivables | 40 | €1,682 | €45 | -€1,637 | -97.3% |
| Other amounts receivable | 41 | €961 | €357 | -€604 | -62.8% |
| Current investments | 50/53 | €34,400 | €10,000 | -€24,400 | -70.9% |
| Cash at bank and in hand | 54/58 | €34,056 | €90,067 | +€56,011 | +164% |
| Deferred charges and accrued income | 490/1 | €431 | €1,243 | +€812 | +189% |
| Total equity and liabilities | 10/49 | €93,171 | €121,222 | +€28,050 | +30.1% |
| Equity | 10/15 | €50,625 | €73,321 | +€22,696 | +44.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,025 | €54,721 | +€22,696 | +70.9% |
| Distributable reserves | 133 | €32,025 | €54,721 | +€22,696 | +70.9% |
| Amounts payable | 17/49 | €42,546 | €47,900 | +€5,354 | +12.6% |
| Amounts payable within one year | 42/48 | €42,546 | €47,900 | +€5,354 | +12.6% |
| Trade debts | 44 | €9,231 | €9,363 | +€132 | +1.4% |
| Suppliers | 440/4 | €9,231 | €9,363 | +€132 | +1.4% |
| Taxes, remuneration and social security | 45 | €498 | €4,915 | +€4,417 | +887% |
| Taxes | 450/3 | €498 | €4,915 | +€4,417 | +887% |
| Other amounts payable | 47/48 | €32,817 | €33,622 | +€805 | +2.5% |
| Non-recurring operating income | 76A | €7,564 | €0 | -€7,564 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,554 | €4,169 | +€1,615 | +63.2% |
| Other operating charges | 640/8 | €1,883 | €821 | -€1,062 | -56.4% |
| Gross operating margin | 9900 | €21,853 | €40,077 | +€18,224 | +83.4% |
| Operating profit (loss) | 9901 | €17,416 | €35,087 | +€17,671 | +101% |
| Financial income | 75/76B | €157 | €1,943 | +€1,786 | +1,139% |
| Recurring financial income | 75 | €157 | €1,943 | +€1,786 | +1,139% |
| Financial charges | 65/66B | €736 | €5,768 | +€5,032 | +684% |
| Recurring financial charges | 65 | €736 | €5,768 | +€5,032 | +684% |
| Profit (loss) for the period before taxes | 9903 | €16,837 | €31,262 | +€14,426 | +85.7% |
| Income taxes | 67/77 | €5,303 | €8,566 | +€3,263 | +61.5% |
| Profit (loss) for the period | 9904 | €11,533 | €22,696 | +€11,163 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,533 | €22,696 | +€11,163 | +96.8% |
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 21 October 2026 via checked.be.