Float your Boat: 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.
Float your Boat
Largest movements
- Tangible fixed assets +€239,284
up €239,284 (+6339.2%), from €3,775 to €243,058
of which Land and buildings: +€235,133
- Receivables within one year -€13,297
down €13,297 (-66.3%), from €20,055 to €6,758
of which Trade receivables: -€13,319
- Financial fixed assets -€4,133
down €4,133 (-100.0%), from €4,133 to €0
- Debts after one year +€203,342
new in 2025: €203,342
- Current portion of long-term debt +€13,533
new in 2025: €13,533
- Reserves +€3,603
up €3,603 (+7.8%), from €46,349 to €49,952
- Depreciation +€42,493
up €42,493 (+8293.9%), from €512 to €43,005
- Gross operating margin +€25,355
up €25,355 (+82.8%), from €30,623 to €55,979
- Taxes -€8,682
down €8,682 (-93.4%), from €9,300 to €618
- Financial charges +€2,820
up €2,820 (+182.6%), from €1,544 to €4,364
- Other operating charges +€2,114
up €2,114 (+130.4%), from €1,620 to €3,734
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 | €61,113 | €283,437 | +€222,324 | +363.8% |
| Fixed assets | 21/28 | €7,908 | €243,058 | +€235,151 | +2973.7% |
| Tangible fixed assets | 22/27 | €3,775 | €243,058 | +€239,284 | +6339.2% |
| Land and buildings | 22 | - | €235,133 | +€235,133 | |
| Furniture and vehicles | 24 | €3,506 | €7,089 | +€3,583 | +102.2% |
| Other tangible fixed assets | 26 | €269 | €836 | +€568 | +211.4% |
| Financial fixed assets | 28 | €4,133 | €0 | -€4,133 | -100.0% |
| Current assets | 29/58 | €53,205 | €40,378 | -€12,827 | -24.1% |
| Amounts receivable within one year | 40/41 | €20,055 | €6,758 | -€13,297 | -66.3% |
| Trade receivables | 40 | €13,556 | €237 | -€13,319 | -98.3% |
| Other amounts receivable | 41 | €6,499 | €6,521 | +€22 | +0.3% |
| Cash at bank and in hand | 54/58 | €30,461 | €30,604 | +€143 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,690 | €3,017 | +€327 | +12.1% |
| Total equity and liabilities | 10/49 | €61,113 | €283,437 | +€222,324 | +363.8% |
| Equity | 10/15 | €48,349 | €51,952 | +€3,603 | +7.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,349 | €49,952 | +€3,603 | +7.8% |
| Distributable reserves | 133 | €46,349 | €49,952 | +€3,603 | +7.8% |
| Amounts payable | 17/49 | €12,765 | €231,485 | +€218,720 | +1713.5% |
| Amounts payable after more than one year | 17 | - | €203,342 | +€203,342 | |
| Financial debts | 170/4 | - | €203,342 | +€203,342 | |
| Amounts payable within one year | 42/48 | €12,765 | €28,143 | +€15,379 | +120.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,533 | +€13,533 | |
| Trade debts | 44 | €1,333 | €3,887 | +€2,555 | +191.7% |
| Suppliers | 440/4 | €1,333 | €3,887 | +€2,555 | +191.7% |
| Taxes, remuneration and social security | 45 | €11,392 | €10,722 | -€670 | -5.9% |
| Taxes | 450/3 | €11,392 | €10,722 | -€670 | -5.9% |
| Other amounts payable | 47/48 | €40 | €0 | -€40 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €43,005 | +€42,493 | +8293.9% |
| Other operating charges | 640/8 | €1,620 | €3,734 | +€2,114 | +130.4% |
| Non-recurring operating charges | 66A | - | €1,113 | +€1,113 | |
| Gross operating margin | 9900 | €30,623 | €55,979 | +€25,355 | +82.8% |
| Operating profit (loss) | 9901 | €28,490 | €8,126 | -€20,365 | -71.5% |
| Financial income | 75/76B | €431 | €460 | +€29 | +6.6% |
| Recurring financial income | 75 | €431 | €460 | +€29 | +6.6% |
| Financial charges | 65/66B | €1,544 | €4,364 | +€2,820 | +182.6% |
| Recurring financial charges | 65 | €1,544 | €4,364 | +€2,820 | +182.6% |
| Profit (loss) for the period before taxes | 9903 | €27,378 | €4,222 | -€23,156 | -84.6% |
| Income taxes | 67/77 | €9,300 | €618 | -€8,682 | -93.4% |
| Profit (loss) for the period | 9904 | €18,078 | €3,603 | -€14,475 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,078 | €3,603 | -€14,475 | -80.1% |
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.