FR TAX: 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 TAX
Largest movements
- Receivables within one year +€19,291
up €19,291 (+748%), from €2,578 to €21,869
of which Trade receivables: +€17,484
- Tangible fixed assets +€9,547
up €9,547 (+27.1%), from €35,179 to €44,726
of which Furniture and vehicles: +€11,477
- Profit (loss) carried forward +€24,033
up €24,033 (+28.8%), from €83,398 to €107,431
- Tax, wage and social debts +€7,558
up €7,558 (+40.6%), from €18,627 to €26,186
of which Taxes: +€8,295
- Other debts -€3,146
no longer reported in 2025 (was €3,146)
- Gross operating margin +€16,305
up €16,305 (+12.8%), from €127,656 to €143,961
- Staff costs -€14,307
down €14,307 (-13.7%), from €104,514 to €90,207
- Taxes +€7,375
up €7,375 (+314%), from €2,352 to €9,727
- Depreciation +€5,455
up €5,455 (+56.4%), from €9,677 to €15,133
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 | €115,379 | €144,793 | +€29,414 | +25.5% |
| Fixed assets | 21/28 | €111,179 | €120,726 | +€9,547 | +8.6% |
| Intangible fixed assets | 21 | €76,000 | €76,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €35,179 | €44,726 | +€9,547 | +27.1% |
| Furniture and vehicles | 24 | €11,289 | €22,766 | +€11,477 | +102% |
| Leasing and similar rights | 25 | €23,889 | €21,960 | -€1,930 | -8.1% |
| Current assets | 29/58 | €4,200 | €24,068 | +€19,867 | +473% |
| Amounts receivable within one year | 40/41 | €2,578 | €21,869 | +€19,291 | +748% |
| Trade receivables | 40 | €188 | €17,672 | +€17,484 | +9,301% |
| Other amounts receivable | 41 | €2,390 | €4,197 | +€1,807 | +75.6% |
| Cash at bank and in hand | 54/58 | €1,622 | €2,199 | +€577 | +35.5% |
| Total equity and liabilities | 10/49 | €115,379 | €144,793 | +€29,414 | +25.5% |
| Equity | 10/15 | €85,258 | €109,291 | +€24,033 | +28.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,398 | €107,431 | +€24,033 | +28.8% |
| Amounts payable | 17/49 | €30,121 | €35,502 | +€5,381 | +17.9% |
| Amounts payable within one year | 42/48 | €30,121 | €35,502 | +€5,381 | +17.9% |
| Trade debts | 44 | €8,348 | €9,316 | +€969 | +11.6% |
| Suppliers | 440/4 | €8,348 | €9,316 | +€969 | +11.6% |
| Taxes, remuneration and social security | 45 | €18,627 | €26,186 | +€7,558 | +40.6% |
| Taxes | 450/3 | €5,207 | €13,502 | +€8,295 | +159% |
| Remuneration and social security | 454/9 | €13,420 | €12,684 | -€736 | -5.5% |
| Other amounts payable | 47/48 | €3,146 | - | -€3,146 | |
| Remuneration, social security and pensions | 62 | €104,514 | €90,207 | -€14,307 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,677 | €15,133 | +€5,455 | +56.4% |
| Other operating charges | 640/8 | €3,427 | €4,064 | +€637 | +18.6% |
| Gross operating margin | 9900 | €127,656 | €143,961 | +€16,305 | +12.8% |
| Operating profit (loss) | 9901 | €10,038 | €34,557 | +€24,519 | +244% |
| Financial charges | 65/66B | €1,361 | €796 | -€564 | -41.5% |
| Recurring financial charges | 65 | €1,361 | €796 | -€564 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €8,678 | €33,760 | +€25,083 | +289% |
| Income taxes | 67/77 | €2,352 | €9,727 | +€7,375 | +314% |
| Profit (loss) for the period | 9904 | €6,326 | €24,033 | +€17,708 | +280% |
| Profit (loss) for the period to be appropriated | 9905 | €6,326 | €24,033 | +€17,708 | +280% |
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 16 October 2026 via checked.be.