From Scratch: 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.
From Scratch
Largest movements
- Cash +€11,895
up €11,895 (+85.8%), from €13,861 to €25,757
mainly Trade debts (+€12,771) and Depreciation (+€10,578)
- Intangible fixed assets +€7,804
up €7,804 (+52.1%), from €14,967 to €22,771
- Tangible fixed assets -€6,678
down €6,678 (-14.2%), from €47,069 to €40,391
of which Other tangible fixed assets: -€6,645
- Receivables within one year +€4,001
up €4,001 (+110.8%), from €3,611 to €7,612
of which Trade receivables: +€3,994
- Deferred charges and accrued income +€1,459
up €1,459 (+89.9%), from €1,623 to €3,082
- Trade debts +€12,771
up €12,771 (+355.9%), from €3,588 to €16,359
- Other debts -€10,955
down €10,955 (-31.2%), from €35,060 to €24,105
- Current portion of long-term debt +€8,776
up €8,776 (+81.4%), from €10,779 to €19,555
- Tax, wage and social debts +€4,666
up €4,666 (+141.6%), from €3,296 to €7,961
of which Taxes: +€4,179
- Profit (loss) carried forward +€2,871
up €2,871 (+26.0%), from €11,045 to €13,916
- Staff costs +€6,556
new in 2025: €6,556
- Financial charges +€2,134
up €2,134 (+72.3%), from €2,952 to €5,086
- Depreciation +€2,060
up €2,060 (+24.2%), from €8,518 to €10,578
- Gross operating margin +€1,371
up €1,371 (+5.4%), from €25,187 to €26,558
- Taxes +€1,162
new in 2025: €1,162
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 | €97,332 | €115,813 | +€18,481 | +19.0% |
| Fixed assets | 21/28 | €78,237 | €79,363 | +€1,126 | +1.4% |
| Intangible fixed assets | 21 | €14,967 | €22,771 | +€7,804 | +52.1% |
| Tangible fixed assets | 22/27 | €47,069 | €40,391 | -€6,678 | -14.2% |
| Plant, machinery and equipment | 23 | €33 | - | -€33 | |
| Other tangible fixed assets | 26 | €47,036 | €40,391 | -€6,645 | -14.1% |
| Financial fixed assets | 28 | €16,200 | €16,200 | = | 0.0% |
| Current assets | 29/58 | €19,096 | €36,451 | +€17,355 | +90.9% |
| Amounts receivable within one year | 40/41 | €3,611 | €7,612 | +€4,001 | +110.8% |
| Trade receivables | 40 | €3,607 | €7,601 | +€3,994 | +110.8% |
| Other amounts receivable | 41 | €5 | €11 | +€7 | +148.9% |
| Cash at bank and in hand | 54/58 | €13,861 | €25,757 | +€11,895 | +85.8% |
| Deferred charges and accrued income | 490/1 | €1,623 | €3,082 | +€1,459 | +89.9% |
| Total equity and liabilities | 10/49 | €97,332 | €115,813 | +€18,481 | +19.0% |
| Equity | 10/15 | €16,045 | €18,916 | +€2,871 | +17.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,045 | €13,916 | +€2,871 | +26.0% |
| Amounts payable | 17/49 | €81,287 | €96,898 | +€15,610 | +19.2% |
| Amounts payable after more than one year | 17 | €28,565 | €28,917 | +€352 | +1.2% |
| Financial debts | 170/4 | €28,565 | €28,917 | +€352 | +1.2% |
| Amounts payable within one year | 42/48 | €52,723 | €67,981 | +€15,258 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €10,779 | €19,555 | +€8,776 | +81.4% |
| Trade debts | 44 | €3,588 | €16,359 | +€12,771 | +355.9% |
| Suppliers | 440/4 | €3,588 | €16,359 | +€12,771 | +355.9% |
| Taxes, remuneration and social security | 45 | €3,296 | €7,961 | +€4,666 | +141.6% |
| Taxes | 450/3 | €3,296 | €7,474 | +€4,179 | +126.8% |
| Remuneration and social security | 454/9 | - | €487 | +€487 | |
| Other amounts payable | 47/48 | €35,060 | €24,105 | -€10,955 | -31.2% |
| Remuneration, social security and pensions | 62 | - | €6,556 | +€6,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,518 | €10,578 | +€2,060 | +24.2% |
| Other operating charges | 640/8 | €1,476 | €400 | -€1,077 | -72.9% |
| Gross operating margin | 9900 | €25,187 | €26,558 | +€1,371 | +5.4% |
| Operating profit (loss) | 9901 | €15,192 | €9,024 | -€6,168 | -40.6% |
| Financial income | 75/76B | €12 | €95 | +€83 | +685.1% |
| Recurring financial income | 75 | €12 | €95 | +€83 | +685.1% |
| Financial charges | 65/66B | €2,952 | €5,086 | +€2,134 | +72.3% |
| Recurring financial charges | 65 | €2,952 | €5,086 | +€2,134 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €12,252 | €4,033 | -€8,220 | -67.1% |
| Income taxes | 67/77 | - | €1,162 | +€1,162 | |
| Profit (loss) for the period | 9904 | €12,252 | €2,871 | -€9,381 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,252 | €2,871 | -€9,381 | -76.6% |
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 11 October 2026 via checked.be.