Flip the bird: 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.
Flip the bird
Largest movements
- Receivables within one year +€98,556
up €98,556 (+56.4%), from €174,704 to €273,260
of which Other amounts receivable: +€258,328
- Accrued charges and deferred income +€85,368
up €85,368 (+2,518%), from €3,390 to €88,758
- Trade debts -€23,636
down €23,636 (-59.2%), from €39,956 to €16,320
- Reserves +€21,820
up €21,820 (+10.1%), from €216,594 to €238,414
of which Distributable reserves: +€21,820
- Tax, wage and social debts +€16,485
up €16,485 (+30.3%), from €54,342 to €70,827
- Other operating charges +€5,429
up €5,429 (+146%), from €3,727 to €9,156
- Gross operating margin -€4,288
down €4,288 (-6.1%), from €70,494 to €66,206
- Taxes -€2,754
down €2,754 (-13.0%), from €21,175 to €18,421
- Depreciation -€1,018
down €1,018 (-57.9%), from €1,758 to €740
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 | €332,883 | €432,919 | +€100,036 | +30.1% |
| Fixed assets | 21/28 | €1,021 | €2,843 | +€1,822 | +178% |
| Intangible fixed assets | 21 | €213 | - | -€213 | |
| Tangible fixed assets | 22/27 | €808 | €2,843 | +€2,035 | +252% |
| Furniture and vehicles | 24 | €808 | €2,843 | +€2,035 | +252% |
| Current assets | 29/58 | €331,862 | €430,076 | +€98,215 | +29.6% |
| Amounts receivable after more than one year | 29 | €138,783 | €135,709 | -€3,074 | -2.2% |
| Trade receivables | 290 | - | €135,709 | +€135,709 | |
| Other amounts receivable | 291 | €138,783 | - | -€138,783 | |
| Amounts receivable within one year | 40/41 | €174,704 | €273,260 | +€98,556 | +56.4% |
| Trade receivables | 40 | €172,403 | €12,631 | -€159,772 | -92.7% |
| Other amounts receivable | 41 | €2,301 | €260,629 | +€258,328 | +11,227% |
| Cash at bank and in hand | 54/58 | €18,375 | €21,108 | +€2,733 | +14.9% |
| Total equity and liabilities | 10/49 | €332,883 | €432,919 | +€100,036 | +30.1% |
| Equity | 10/15 | €235,194 | €257,014 | +€21,820 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €216,594 | €238,414 | +€21,820 | +10.1% |
| 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 | €214,734 | €236,554 | +€21,820 | +10.2% |
| Amounts payable | 17/49 | €97,688 | €175,905 | +€78,217 | +80.1% |
| Amounts payable within one year | 42/48 | €94,298 | €87,147 | -€7,151 | -7.6% |
| Trade debts | 44 | €39,956 | €16,320 | -€23,636 | -59.2% |
| Suppliers | 440/4 | €39,956 | €16,320 | -€23,636 | -59.2% |
| Taxes, remuneration and social security | 45 | €54,342 | €70,827 | +€16,485 | +30.3% |
| Taxes | 450/3 | €54,342 | €70,827 | +€16,485 | +30.3% |
| Accrued charges and deferred income | 492/3 | €3,390 | €88,758 | +€85,368 | +2,518% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,758 | €740 | -€1,018 | -57.9% |
| Other operating charges | 640/8 | €3,727 | €9,156 | +€5,429 | +146% |
| Gross operating margin | 9900 | €70,494 | €66,206 | -€4,288 | -6.1% |
| Operating profit (loss) | 9901 | €65,009 | €56,311 | -€8,698 | -13.4% |
| Financial income | 75/76B | €2,317 | €2,282 | -€35 | -1.5% |
| Recurring financial income | 75 | €2,317 | €2,282 | -€35 | -1.5% |
| Financial charges | 65/66B | €961 | €1,061 | +€101 | +10.5% |
| Recurring financial charges | 65 | €961 | €1,061 | +€101 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €66,365 | €57,532 | -€8,834 | -13.3% |
| Income taxes | 67/77 | €21,175 | €18,421 | -€2,754 | -13.0% |
| Profit (loss) for the period | 9904 | €45,190 | €39,111 | -€6,079 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,190 | €39,111 | -€6,079 | -13.5% |
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 23 October 2026 via checked.be.