FLEXIBILITY: 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.
FLEXIBILITY
Largest movements
- Cash +€62,861
up €62,861 (+1,122%), from €5,603 to €68,464
mainly Net result for the year (+€111,114) and Tax, wage and social debts (+€36,076)
- Current investments -€5,948
down €5,948 (-4.4%), from €134,493 to €128,546
- Tangible fixed assets -€5,872
down €5,872 (-34.8%), from €16,861 to €10,989
of which Furniture and vehicles: -€5,281
- Receivables within one year +€3,608
up €3,608 (+114%), from €3,178 to €6,786
- Reserves +€111,114
up €111,114 (+5,974%), from €1,860 to €112,974
- Profit (loss) carried forward -€80,994
no longer reported in 2025 (was €80,994)
- Tax, wage and social debts +€36,076
up €36,076 (+105%), from €34,515 to €70,591
- Other debts -€6,304
down €6,304 (-10.0%), from €63,000 to €56,696
- Debts after one year -€6,164
down €6,164 (-85.6%), from €7,200 to €1,036
- Financial income +€44,623
up €44,623 (+1,413%), from €3,159 to €47,781
- Gross operating margin -€12,472
down €12,472 (-10.6%), from €117,819 to €105,346
- Taxes +€7,039
up €7,039 (+29.0%), from €24,310 to €31,349
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 | €200,136 | €254,785 | +€54,649 | +27.3% |
| Fixed assets | 21/28 | €56,861 | €50,989 | -€5,872 | -10.3% |
| Tangible fixed assets | 22/27 | €16,861 | €10,989 | -€5,872 | -34.8% |
| Plant, machinery and equipment | 23 | €1,135 | €543 | -€592 | -52.1% |
| Furniture and vehicles | 24 | €15,726 | €10,446 | -€5,281 | -33.6% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €143,275 | €203,796 | +€60,522 | +42.2% |
| Amounts receivable within one year | 40/41 | €3,178 | €6,786 | +€3,608 | +114% |
| Other amounts receivable | 41 | €3,178 | €6,786 | +€3,608 | +114% |
| Current investments | 50/53 | €134,493 | €128,546 | -€5,948 | -4.4% |
| Cash at bank and in hand | 54/58 | €5,603 | €68,464 | +€62,861 | +1,122% |
| Total equity and liabilities | 10/49 | €200,136 | €254,785 | +€54,649 | +27.3% |
| Equity | 10/15 | €89,054 | €119,174 | +€30,120 | +33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €112,974 | +€111,114 | +5,974% |
| Distributable reserves | 133 | €1,860 | €112,974 | +€111,114 | +5,974% |
| Profit (loss) carried forward | 14 | €80,994 | - | -€80,994 | |
| Amounts payable | 17/49 | €111,082 | €135,611 | +€24,529 | +22.1% |
| Amounts payable after more than one year | 17 | €7,200 | €1,036 | -€6,164 | -85.6% |
| Financial debts | 170/4 | €7,200 | €1,036 | -€6,164 | -85.6% |
| Amounts payable within one year | 42/48 | €103,882 | €134,575 | +€30,692 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €6,073 | €6,164 | +€91 | +1.5% |
| Trade debts | 44 | €294 | €1,125 | +€830 | +282% |
| Suppliers | 440/4 | €294 | €1,125 | +€830 | +282% |
| Taxes, remuneration and social security | 45 | €34,515 | €70,591 | +€36,076 | +105% |
| Taxes | 450/3 | €34,515 | €70,591 | +€36,076 | +105% |
| Other amounts payable | 47/48 | €63,000 | €56,696 | -€6,304 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,989 | €8,385 | +€397 | +5.0% |
| Other operating charges | 640/8 | €1,022 | €1,865 | +€844 | +82.6% |
| Gross operating margin | 9900 | €117,819 | €105,346 | -€12,472 | -10.6% |
| Operating profit (loss) | 9901 | €108,808 | €95,096 | -€13,713 | -12.6% |
| Financial income | 75/76B | €3,159 | €47,781 | +€44,623 | +1,413% |
| Recurring financial income | 75 | €3,159 | €47,781 | +€44,623 | +1,413% |
| Financial charges | 65/66B | €484 | €414 | -€70 | -14.4% |
| Recurring financial charges | 65 | €484 | €414 | -€70 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €111,483 | €142,463 | +€30,980 | +27.8% |
| Income taxes | 67/77 | €24,310 | €31,349 | +€7,039 | +29.0% |
| Profit (loss) for the period | 9904 | €87,173 | €111,114 | +€23,941 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,173 | €111,114 | +€23,941 | +27.5% |
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 17 October 2026 via checked.be.