FOCUS ADVIES: 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.
FOCUS ADVIES
Largest movements
- Financial fixed assets +€255,000
new in 2025: €255,000
- Current investments -€235,000
down €235,000 (-100.0%), from €235,000 to €0
- Cash +€42,225
up €42,225 (+199.5%), from €21,171 to €63,396
mainly Current investments (+€235,000) and Other debts (+€41,469)
- Receivables within one year -€36,672
down €36,672 (-53.1%), from €69,098 to €32,427
of which Other amounts receivable: -€33,572
- Tangible fixed assets +€12,187
up €12,187 (+36.2%), from €33,629 to €45,816
- Other debts +€41,469
up €41,469, from €0 to €41,469
- Trade debts -€32,582
down €32,582 (-100.0%), from €32,582 to €0
- Profit (loss) carried forward +€30,551
up €30,551 (+12.5%), from €244,125 to €274,676
- Gross operating margin -€53,395
down €53,395 (-56.7%), from €94,231 to €40,836
- Taxes -€10,244
down €10,244 (-44.4%), from €23,085 to €12,841
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 | €358,898 | €396,639 | +€37,740 | +10.5% |
| Fixed assets | 21/28 | €33,629 | €300,816 | +€267,187 | +794.5% |
| Tangible fixed assets | 22/27 | €33,629 | €45,816 | +€12,187 | +36.2% |
| Furniture and vehicles | 24 | €33,629 | €45,816 | +€12,187 | +36.2% |
| Financial fixed assets | 28 | - | €255,000 | +€255,000 | |
| Current assets | 29/58 | €325,269 | €95,823 | -€229,446 | -70.5% |
| Amounts receivable within one year | 40/41 | €69,098 | €32,427 | -€36,672 | -53.1% |
| Trade receivables | 40 | €30,000 | €26,900 | -€3,100 | -10.3% |
| Other amounts receivable | 41 | €39,098 | €5,527 | -€33,572 | -85.9% |
| Current investments | 50/53 | €235,000 | €0 | -€235,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,171 | €63,396 | +€42,225 | +199.5% |
| Total equity and liabilities | 10/49 | €358,898 | €396,639 | +€37,740 | +10.5% |
| Equity | 10/15 | €320,325 | €350,876 | +€30,551 | +9.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €66,200 | €66,200 | = | 0.0% |
| Distributable reserves | 133 | €66,200 | €66,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,125 | €274,676 | +€30,551 | +12.5% |
| Amounts payable | 17/49 | €38,574 | €45,763 | +€7,189 | +18.6% |
| Amounts payable within one year | 42/48 | €38,574 | €45,763 | +€7,189 | +18.6% |
| Trade debts | 44 | €32,582 | €0 | -€32,582 | -100.0% |
| Suppliers | 440/4 | €32,582 | €0 | -€32,582 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,992 | €4,294 | -€1,698 | -28.3% |
| Taxes | 450/3 | €5,992 | €4,294 | -€1,698 | -28.3% |
| Other amounts payable | 47/48 | €0 | €41,469 | +€41,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296 | €417 | +€121 | +40.9% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €94,231 | €40,836 | -€53,395 | -56.7% |
| Operating profit (loss) | 9901 | €93,486 | €39,957 | -€53,529 | -57.3% |
| Financial income | 75/76B | €2,661 | €3,534 | +€873 | +32.8% |
| Recurring financial income | 75 | €2,661 | €3,534 | +€873 | +32.8% |
| Financial charges | 65/66B | €97 | €99 | +€2 | +1.6% |
| Recurring financial charges | 65 | €97 | €99 | +€2 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €96,049 | €43,392 | -€52,657 | -54.8% |
| Income taxes | 67/77 | €23,085 | €12,841 | -€10,244 | -44.4% |
| Profit (loss) for the period | 9904 | €72,965 | €30,551 | -€42,414 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,965 | €30,551 | -€42,414 | -58.1% |
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 5 October 2026 via checked.be.