FR: 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.
FR
Largest movements
- Receivables within one year +€45,661
up €45,661 (+77.4%), from €58,980 to €104,641
of which Other amounts receivable: +€41,786
- Tax, wage and social debts +€22,266
up €22,266 (+150%), from €14,846 to €37,112
of which Remuneration and social security: +€19,417
- Accrued charges and deferred income +€12,000
new in 2025: €12,000
- Profit (loss) carried forward +€11,395
up €11,395 (+14.8%), from €77,000 to €88,396
- Gross operating margin +€96,404
up €96,404 (+90.2%), from €106,846 to €203,250
- Staff costs +€49,373
up €49,373 (+59.6%), from €82,781 to €132,154
- Other operating charges +€45,998
up €45,998 (+424%), from €10,854 to €56,852
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 | €102,409 | €148,070 | +€45,661 | +44.6% |
| Formation expenses | 20 | €760 | €760 | = | 0.0% |
| Fixed assets | 21/28 | - | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €101,649 | €147,310 | +€45,661 | +44.9% |
| Amounts receivable after more than one year | 29 | €38,814 | €38,814 | = | 0.0% |
| Trade receivables | 290 | €38,814 | €38,814 | = | 0.0% |
| Stocks and contracts in progress | 3 | €570 | €570 | = | 0.0% |
| Stocks | 30/36 | €570 | €570 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,980 | €104,641 | +€45,661 | +77.4% |
| Trade receivables | 40 | €58,688 | €62,563 | +€3,875 | +6.6% |
| Other amounts receivable | 41 | €292 | €42,078 | +€41,786 | +14,323% |
| Cash at bank and in hand | 54/58 | €3,285 | €3,285 | = | 0.0% |
| Total equity and liabilities | 10/49 | €102,409 | €148,070 | +€45,661 | +44.6% |
| Equity | 10/15 | €77,100 | €88,496 | +€11,395 | +14.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,000 | €88,396 | +€11,395 | +14.8% |
| Amounts payable | 17/49 | €25,308 | €59,574 | +€34,266 | +135% |
| Amounts payable within one year | 42/48 | €25,308 | €47,574 | +€22,266 | +88.0% |
| Trade debts | 44 | €1,416 | €1,416 | = | 0.0% |
| Suppliers | 440/4 | €1,416 | €1,416 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,846 | €37,112 | +€22,266 | +150% |
| Taxes | 450/3 | €3,368 | €6,216 | +€2,848 | +84.6% |
| Remuneration and social security | 454/9 | €11,478 | €30,896 | +€19,417 | +169% |
| Other amounts payable | 47/48 | €9,047 | €9,047 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €82,781 | €132,154 | +€49,373 | +59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | - | -€826 | |
| Other operating charges | 640/8 | €10,854 | €56,852 | +€45,998 | +424% |
| Gross operating margin | 9900 | €106,846 | €203,250 | +€96,404 | +90.2% |
| Operating profit (loss) | 9901 | €12,385 | €14,244 | +€1,859 | +15.0% |
| Financial charges | 65/66B | €27 | - | -€27 | |
| Recurring financial charges | 65 | €27 | - | -€27 | |
| Profit (loss) for the period before taxes | 9903 | €12,358 | €14,244 | +€1,886 | +15.3% |
| Income taxes | 67/77 | €3,401 | €2,848 | -€553 | -16.3% |
| Profit (loss) for the period | 9904 | €8,957 | €11,395 | +€2,439 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,957 | €11,395 | +€2,439 | +27.2% |
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 28 October 2026 via checked.be.