Flow: 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.
Flow
Largest movements
- Receivables within one year +€11,162
up €11,162 (+295.8%), from €3,774 to €14,936
of which Trade receivables: +€11,162
- Profit (loss) carried forward +€56,522
up €56,522 (+18.7%), from -€301,599 to -€245,077
- Other debts -€47,531
down €47,531 (-23.3%), from €203,911 to €156,380
- Trade debts +€4,069
up €4,069 (+341.7%), from €1,191 to €5,260
- Tax, wage and social debts -€1,782
down €1,782 (-75.3%), from €2,368 to €586
- Financial income -€41,624
down €41,624 (-100.0%), from €41,631 to €7
- Gross operating margin +€25,102
up €25,102 (+76.0%), from €33,041 to €58,143
- Other operating charges -€936
down €936 (-53.2%), from €1,759 to €824
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 | €6,457 | €17,736 | +€11,278 | +174.7% |
| Current assets | 29/58 | €6,457 | €17,736 | +€11,278 | +174.7% |
| Amounts receivable within one year | 40/41 | €3,774 | €14,936 | +€11,162 | +295.8% |
| Trade receivables | 40 | €3,774 | €14,936 | +€11,162 | +295.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,683 | €2,799 | +€116 | +4.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,457 | €17,736 | +€11,278 | +174.7% |
| Equity | 10/15 | -€201,013 | -€144,491 | +€56,522 | +28.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €586 | €586 | = | 0.0% |
| Distributable reserves | 133 | €586 | €586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,599 | -€245,077 | +€56,522 | +18.7% |
| Amounts payable | 17/49 | €207,470 | €162,226 | -€45,244 | -21.8% |
| Amounts payable within one year | 42/48 | €207,470 | €162,226 | -€45,244 | -21.8% |
| Trade debts | 44 | €1,191 | €5,260 | +€4,069 | +341.7% |
| Suppliers | 440/4 | €1,191 | €5,260 | +€4,069 | +341.7% |
| Taxes, remuneration and social security | 45 | €2,368 | €586 | -€1,782 | -75.3% |
| Taxes | 450/3 | €2,368 | €586 | -€1,782 | -75.3% |
| Other amounts payable | 47/48 | €203,911 | €156,380 | -€47,531 | -23.3% |
| Other operating charges | 640/8 | €1,759 | €824 | -€936 | -53.2% |
| Non-recurring operating charges | 66A | €3,781 | €0 | -€3,781 | -100.0% |
| Gross operating margin | 9900 | €33,041 | €58,143 | +€25,102 | +76.0% |
| Operating profit (loss) | 9901 | €27,501 | €57,319 | +€29,818 | +108.4% |
| Financial income | 75/76B | €41,631 | €7 | -€41,624 | -100.0% |
| Recurring financial income | 75 | €41,631 | €7 | -€41,624 | -100.0% |
| Financial charges | 65/66B | €732 | €628 | -€104 | -14.2% |
| Recurring financial charges | 65 | €732 | €628 | -€104 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €68,400 | €56,699 | -€11,702 | -17.1% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | €68,261 | €56,522 | -€11,738 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,261 | €56,522 | -€11,738 | -17.2% |
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 3 October 2026 via checked.be.