FOCUS ON VAT: 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.
FOCUS ON VAT
Largest movements
- Receivables within one year -€205,842
down €205,842 (-78.8%), from €261,101 to €55,260
of which Other amounts receivable: -€207,423
- Cash +€33,269
new in 2025: €33,269
mainly Receivables within one year (+€205,842) and Net result for the year (+€36,916)
- Other debts -€187,973
down €187,973 (-99.0%), from €189,963 to €1,990
- Profit (loss) carried forward +€36,916
up €36,916, from €0 to €36,916
- Tax, wage and social debts -€27,081
down €27,081 (-39.4%), from €68,669 to €41,588
- Trade debts +€5,580
up €5,580 (+92.7%), from €6,017 to €11,597
- Gross operating margin -€70,871
down €70,871 (-58.2%), from €121,871 to €51,001
- Taxes -€19,640
down €19,640 (-60.1%), from €32,670 to €13,029
- Other operating charges -€1,336
down €1,336 (-77.0%), from €1,735 to €400
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 | €272,149 | €99,591 | -€172,558 | -63.4% |
| Fixed assets | 21/28 | €10,200 | €10,200 | = | 0.0% |
| Financial fixed assets | 28 | €10,200 | €10,200 | = | 0.0% |
| Current assets | 29/58 | €261,949 | €89,391 | -€172,558 | -65.9% |
| Amounts receivable within one year | 40/41 | €261,101 | €55,260 | -€205,842 | -78.8% |
| Trade receivables | 40 | €16,781 | €18,363 | +€1,581 | +9.4% |
| Other amounts receivable | 41 | €244,320 | €36,897 | -€207,423 | -84.9% |
| Cash at bank and in hand | 54/58 | - | €33,269 | +€33,269 | |
| Deferred charges and accrued income | 490/1 | €848 | €863 | +€15 | +1.8% |
| Total equity and liabilities | 10/49 | €272,149 | €99,591 | -€172,558 | -63.4% |
| Equity | 10/15 | €7,500 | €44,416 | +€36,916 | +492% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €36,916 | +€36,916 | |
| Amounts payable | 17/49 | €264,649 | €55,175 | -€209,474 | -79.2% |
| Amounts payable within one year | 42/48 | €264,649 | €55,175 | -€209,474 | -79.2% |
| Trade debts | 44 | €6,017 | €11,597 | +€5,580 | +92.7% |
| Suppliers | 440/4 | €6,017 | €11,597 | +€5,580 | +92.7% |
| Taxes, remuneration and social security | 45 | €68,669 | €41,588 | -€27,081 | -39.4% |
| Taxes | 450/3 | €68,669 | €41,588 | -€27,081 | -39.4% |
| Other amounts payable | 47/48 | €189,963 | €1,990 | -€187,973 | -99.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,890 | +€1,890 | |
| Other operating charges | 640/8 | €1,735 | €400 | -€1,336 | -77.0% |
| Non-recurring operating charges | 66A | - | €181 | +€181 | |
| Gross operating margin | 9900 | €121,871 | €51,001 | -€70,871 | -58.2% |
| Operating profit (loss) | 9901 | €120,136 | €50,420 | -€69,716 | -58.0% |
| Financial charges | 65/66B | €348 | €475 | +€127 | +36.4% |
| Recurring financial charges | 65 | €348 | €475 | +€127 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €119,788 | €49,945 | -€69,843 | -58.3% |
| Income taxes | 67/77 | €32,670 | €13,029 | -€19,640 | -60.1% |
| Profit (loss) for the period | 9904 | €87,119 | €36,916 | -€50,203 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,119 | €36,916 | -€50,203 | -57.6% |
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 24 October 2026 via checked.be.