FOR 7.: 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.
FOR 7.
Largest movements
- Receivables within one year +€115,128
up €115,128 (+3392.1%), from €3,394 to €118,522
of which Trade receivables: +€105,885
- Cash +€20,615
up €20,615 (+2616.1%), from €788 to €21,403
mainly Trade debts (+€75,339) and Net result for the year (+€36,898)
- Trade debts +€75,339
up €75,339 (+6655.4%), from €1,132 to €76,471
- Profit (loss) carried forward +€36,898
up €36,898, from -€308 to €36,590
- Tax, wage and social debts +€23,604
up €23,604 (+47208.9%), from €50 to €23,654
- Gross operating margin +€46,144
up €46,144 (+19226.5%), from €240 to €46,384
- Taxes +€9,396
new in 2025: €9,396
- Other operating charges -€547
down €547 (-100.0%), from €547 to €0
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 | €4,182 | €139,925 | +€135,743 | +3245.9% |
| Current assets | 29/58 | €4,182 | €139,925 | +€135,743 | +3245.9% |
| Amounts receivable within one year | 40/41 | €3,394 | €118,522 | +€115,128 | +3392.1% |
| Trade receivables | 40 | €3,394 | €109,279 | +€105,885 | +3119.8% |
| Other amounts receivable | 41 | - | €9,243 | +€9,243 | |
| Cash at bank and in hand | 54/58 | €788 | €21,403 | +€20,615 | +2616.1% |
| Total equity and liabilities | 10/49 | €4,182 | €139,925 | +€135,743 | +3245.9% |
| Equity | 10/15 | €2,692 | €39,590 | +€36,898 | +1370.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308 | €36,590 | +€36,898 | |
| Amounts payable | 17/49 | €1,490 | €100,335 | +€98,845 | +6633.9% |
| Amounts payable within one year | 42/48 | €1,490 | €100,335 | +€98,845 | +6633.9% |
| Trade debts | 44 | €1,132 | €76,471 | +€75,339 | +6655.4% |
| Suppliers | 440/4 | €1,132 | €76,471 | +€75,339 | +6655.4% |
| Taxes, remuneration and social security | 45 | €50 | €23,654 | +€23,604 | +47208.9% |
| Taxes | 450/3 | €50 | €23,654 | +€23,604 | +47208.9% |
| Other amounts payable | 47/48 | €308 | €209 | -€99 | -32.0% |
| Other operating charges | 640/8 | €547 | €0 | -€547 | -100.0% |
| Gross operating margin | 9900 | €240 | €46,384 | +€46,144 | +19226.5% |
| Operating profit (loss) | 9901 | -€307 | €46,384 | +€46,691 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1 | €90 | +€89 | +8928.0% |
| Recurring financial charges | 65 | €1 | €90 | +€89 | +8928.0% |
| Profit (loss) for the period before taxes | 9903 | -€308 | €46,294 | +€46,602 | |
| Income taxes | 67/77 | - | €9,396 | +€9,396 | |
| Profit (loss) for the period | 9904 | -€308 | €36,898 | +€37,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€308 | €36,898 | +€37,206 |
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 8 October 2026 via checked.be.