FOR UP: 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 UP
Largest movements
- Tangible fixed assets -€4,559
down €4,559 (-44.9%), from €10,143 to €5,584
of which Furniture and vehicles: -€3,771
- Cash +€4,390
up €4,390 (+978.6%), from €449 to €4,838
mainly Net result for the year (+€4,620) and Depreciation (+€2,364)
- Receivables within one year -€1,767
down €1,767 (-11.6%), from €15,288 to €13,520
of which Trade receivables: -€4,839
- Deferred charges and accrued income +€953
up €953 (+55.8%), from €1,708 to €2,661
- Profit (loss) carried forward +€4,620
up €4,620 (+53.8%), from €8,589 to €13,208
- Tax, wage and social debts -€4,266
down €4,266 (-77.2%), from €5,522 to €1,257
- Trade debts -€463
down €463 (-37.3%), from €1,241 to €779
- Short-term financial debts -€416
down €416 (-100.0%), from €416 to €0
- Reserves -€343
down €343 (-6.1%), from €5,651 to €5,308
- Gross operating margin +€28,540
up €28,540 (+268.0%), from €10,650 to €39,190
- Other operating charges +€27,090
up €27,090 (+4560.8%), from €594 to €27,684
- Taxes +€3,457
up €3,457 (+1152.2%), from €300 to €3,757
- Depreciation -€1,454
down €1,454 (-38.1%), from €3,818 to €2,364
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 | €27,587 | €26,604 | -€984 | -3.6% |
| Fixed assets | 21/28 | €10,143 | €5,584 | -€4,559 | -44.9% |
| Tangible fixed assets | 22/27 | €10,143 | €5,584 | -€4,559 | -44.9% |
| Furniture and vehicles | 24 | €6,400 | €2,629 | -€3,771 | -58.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,743 | €2,955 | -€788 | -21.1% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €17,444 | €21,020 | +€3,575 | +20.5% |
| Amounts receivable within one year | 40/41 | €15,288 | €13,520 | -€1,767 | -11.6% |
| Trade receivables | 40 | €4,839 | €0 | -€4,839 | -100.0% |
| Other amounts receivable | 41 | €10,448 | €13,520 | +€3,072 | +29.4% |
| Cash at bank and in hand | 54/58 | €449 | €4,838 | +€4,390 | +978.6% |
| Deferred charges and accrued income | 490/1 | €1,708 | €2,661 | +€953 | +55.8% |
| Total equity and liabilities | 10/49 | €27,587 | €26,604 | -€984 | -3.6% |
| Equity | 10/15 | €16,099 | €20,376 | +€4,277 | +26.6% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €5,651 | €5,308 | -€343 | -6.1% |
| Distributable reserves | 133 | €5,651 | €5,308 | -€343 | -6.1% |
| Profit (loss) carried forward | 14 | €8,589 | €13,208 | +€4,620 | +53.8% |
| Amounts payable | 17/49 | €11,488 | €6,228 | -€5,260 | -45.8% |
| Amounts payable within one year | 42/48 | €11,346 | €6,202 | -€5,144 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | €4,167 | = | 0.0% |
| Financial debts | 43 | €416 | €0 | -€416 | -100.0% |
| Credit institutions | 430/8 | €416 | €0 | -€416 | -100.0% |
| Trade debts | 44 | €1,241 | €779 | -€463 | -37.3% |
| Suppliers | 440/4 | €1,241 | €779 | -€463 | -37.3% |
| Taxes, remuneration and social security | 45 | €5,522 | €1,257 | -€4,266 | -77.2% |
| Taxes | 450/3 | €5,522 | €1,257 | -€4,266 | -77.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €142 | €26 | -€116 | -81.7% |
| Remuneration, social security and pensions | 62 | €173 | - | -€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,818 | €2,364 | -€1,454 | -38.1% |
| Other operating charges | 640/8 | €594 | €27,684 | +€27,090 | +4560.8% |
| Non-recurring operating charges | 66A | €16 | -€0 | -€16 | |
| Gross operating margin | 9900 | €10,650 | €39,190 | +€28,540 | +268.0% |
| Operating profit (loss) | 9901 | €6,050 | €9,142 | +€3,092 | +51.1% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €1,056 | €777 | -€279 | -26.4% |
| Recurring financial charges | 65 | €1,056 | €777 | -€279 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €4,994 | €8,376 | +€3,382 | +67.7% |
| Income taxes | 67/77 | €300 | €3,757 | +€3,457 | +1152.2% |
| Profit (loss) for the period | 9904 | €4,694 | €4,620 | -€74 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,694 | €4,620 | -€74 | -1.6% |
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 1 October 2026 via checked.be.