Forwards: 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.
Forwards
Largest movements
- Cash +€42,002
up €42,002 (+154%), from €27,207 to €69,209
mainly Net result for the year (+€68,958) and Other debts (+€15,844)
- Receivables within one year +€28,143
up €28,143 (+176%), from €15,969 to €44,113
of which Other amounts receivable: +€30,992
- Stocks and contracts -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€1,457
down €1,457 (-34.7%), from €4,200 to €2,743
of which Furniture and vehicles: -€1,372
- Profit (loss) carried forward +€30,752
no longer reported in 2025 (was -€30,752)
- Trade debts -€18,568
down €18,568 (-91.6%), from €20,279 to €1,711
- Other debts +€15,844
up €15,844 (+44.1%), from €35,956 to €51,800
- Tax, wage and social debts +€12,487
up €12,487 (+327%), from €3,823 to €16,310
of which Taxes: +€10,459
- Reserves +€12,206
up €12,206 (+43.8%), from €27,860 to €40,066
- Gross operating margin +€72,097
up €72,097 (+2,046%), from €3,523 to €75,620
- Taxes +€3,909
up €3,909 (+2,802%), from €140 to €4,049
- Financial charges +€1,113
up €1,113 (+462%), from €241 to €1,354
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 | €63,432 | €116,087 | +€52,655 | +83.0% |
| Fixed assets | 21/28 | €4,200 | €2,743 | -€1,457 | -34.7% |
| Tangible fixed assets | 22/27 | €4,200 | €2,743 | -€1,457 | -34.7% |
| Land and buildings | 22 | €85 | - | -€85 | |
| Furniture and vehicles | 24 | €4,115 | €2,743 | -€1,372 | -33.3% |
| Current assets | 29/58 | €59,231 | €113,343 | +€54,112 | +91.4% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Contracts in progress | 37 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €15,969 | €44,113 | +€28,143 | +176% |
| Trade receivables | 40 | €15,966 | €13,117 | -€2,849 | -17.8% |
| Other amounts receivable | 41 | €3 | €30,996 | +€30,992 | +925,149% |
| Cash at bank and in hand | 54/58 | €27,207 | €69,209 | +€42,002 | +154% |
| Deferred charges and accrued income | 490/1 | €1,055 | €21 | -€1,033 | -98.0% |
| Total equity and liabilities | 10/49 | €63,432 | €116,087 | +€52,655 | +83.0% |
| Equity | 10/15 | €3,308 | €46,266 | +€42,958 | +1,299% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,860 | €40,066 | +€12,206 | +43.8% |
| Distributable reserves | 133 | €27,860 | €40,066 | +€12,206 | +43.8% |
| Profit (loss) carried forward | 14 | -€30,752 | - | +€30,752 | |
| Amounts payable | 17/49 | €60,124 | €69,821 | +€9,697 | +16.1% |
| Amounts payable within one year | 42/48 | €60,058 | €69,821 | +€9,763 | +16.3% |
| Trade debts | 44 | €20,279 | €1,711 | -€18,568 | -91.6% |
| Suppliers | 440/4 | €20,279 | €1,711 | -€18,568 | -91.6% |
| Taxes, remuneration and social security | 45 | €3,823 | €16,310 | +€12,487 | +327% |
| Taxes | 450/3 | €3,823 | €14,282 | +€10,459 | +274% |
| Remuneration and social security | 454/9 | - | €2,027 | +€2,027 | |
| Other amounts payable | 47/48 | €35,956 | €51,800 | +€15,844 | +44.1% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €1,457 | +€380 | +35.3% |
| Other operating charges | 640/8 | €249 | - | -€249 | |
| Gross operating margin | 9900 | €3,523 | €75,620 | +€72,097 | +2,046% |
| Operating profit (loss) | 9901 | €2,197 | €74,163 | +€71,966 | +3,275% |
| Financial income | 75/76B | - | €198 | +€198 | |
| Recurring financial income | 75 | - | €198 | +€198 | |
| Financial charges | 65/66B | €241 | €1,354 | +€1,113 | +462% |
| Recurring financial charges | 65 | €241 | €1,354 | +€1,113 | +462% |
| Profit (loss) for the period before taxes | 9903 | €1,956 | €73,007 | +€71,051 | +3,632% |
| Income taxes | 67/77 | €140 | €4,049 | +€3,909 | +2,802% |
| Profit (loss) for the period | 9904 | €1,817 | €68,958 | +€67,141 | +3,696% |
| Profit (loss) for the period to be appropriated | 9905 | €1,817 | €68,958 | +€67,141 | +3,696% |
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 15 October 2026 via checked.be.