FrontWeb: 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.
FrontWeb
Largest movements
- Cash +€37,338
up €37,338 (+142.5%), from €26,209 to €63,547
mainly Net result for the year (+€50,101) and Depreciation (+€16,078)
- Tangible fixed assets -€13,859
down €13,859 (-21.8%), from €63,701 to €49,842
of which Leasing and similar rights: -€10,744
- Receivables within one year -€2,224
down €2,224 (-8.1%), from €27,343 to €25,119
of which Other amounts receivable: -€1,942
- Profit (loss) carried forward +€91,613
up €91,613, from €0 to €91,613
- Reserves -€41,512
down €41,512 (-62.2%), from €66,768 to €25,256
- Other debts -€18,097
no longer reported in 2025 (was €18,097)
- Debts after one year -€11,059
down €11,059 (-27.6%), from €40,044 to €28,985
- Tax, wage and social debts +€3,595
up €3,595, from €0 to €3,595
- Taxes -€9,707
down €9,707 (-91.8%), from €10,575 to €868
- Gross operating margin +€7,640
up €7,640 (+12.2%), from €62,838 to €70,478
- Depreciation +€6,277
up €6,277 (+64.0%), from €9,801 to €16,078
- Financial charges +€3,009
up €3,009 (+237.5%), from €1,267 to €4,276
- Financial income +€915
up €915 (+203.3%), from €450 to €1,365
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 | €138,943 | €161,512 | +€22,569 | +16.2% |
| Fixed assets | 21/28 | €63,701 | €49,842 | -€13,859 | -21.8% |
| Tangible fixed assets | 22/27 | €63,701 | €49,842 | -€13,859 | -21.8% |
| Furniture and vehicles | 24 | €14,239 | €11,124 | -€3,115 | -21.9% |
| Leasing and similar rights | 25 | €49,462 | €38,718 | -€10,744 | -21.7% |
| Current assets | 29/58 | €75,242 | €111,670 | +€36,428 | +48.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €21,149 | +€1,149 | +5.7% |
| Other amounts receivable | 291 | €20,000 | €21,149 | +€1,149 | +5.7% |
| Amounts receivable within one year | 40/41 | €27,343 | €25,119 | -€2,224 | -8.1% |
| Trade receivables | 40 | €14,375 | €14,092 | -€283 | -2.0% |
| Other amounts receivable | 41 | €12,969 | €11,027 | -€1,942 | -15.0% |
| Cash at bank and in hand | 54/58 | €26,209 | €63,547 | +€37,338 | +142.5% |
| Deferred charges and accrued income | 490/1 | €1,690 | €1,855 | +€165 | +9.8% |
| Total equity and liabilities | 10/49 | €138,943 | €161,512 | +€22,569 | +16.2% |
| Equity | 10/15 | €67,768 | €117,869 | +€50,101 | +73.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €66,768 | €25,256 | -€41,512 | -62.2% |
| Distributable reserves | 133 | €66,768 | €25,256 | -€41,512 | -62.2% |
| Profit (loss) carried forward | 14 | €0 | €91,613 | +€91,613 | |
| Amounts payable | 17/49 | €71,175 | €43,643 | -€27,532 | -38.7% |
| Amounts payable after more than one year | 17 | €40,044 | €28,985 | -€11,059 | -27.6% |
| Financial debts | 170/4 | €40,044 | €28,985 | -€11,059 | -27.6% |
| Amounts payable within one year | 42/48 | €31,132 | €14,658 | -€16,474 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €11,192 | €11,058 | -€134 | -1.2% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €1,843 | - | -€1,843 | |
| Suppliers | 440/4 | €1,843 | - | -€1,843 | |
| Taxes, remuneration and social security | 45 | €0 | €3,595 | +€3,595 | |
| Taxes | 450/3 | €0 | €3,595 | +€3,595 | |
| Other amounts payable | 47/48 | €18,097 | - | -€18,097 | |
| Non-recurring operating income | 76A | €1,278 | - | -€1,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,801 | €16,078 | +€6,277 | +64.0% |
| Other operating charges | 640/8 | €1,406 | €520 | -€886 | -63.0% |
| Gross operating margin | 9900 | €62,838 | €70,478 | +€7,640 | +12.2% |
| Operating profit (loss) | 9901 | €51,631 | €53,880 | +€2,249 | +4.4% |
| Financial income | 75/76B | €450 | €1,365 | +€915 | +203.3% |
| Recurring financial income | 75 | €450 | €1,365 | +€915 | +203.3% |
| Financial charges | 65/66B | €1,267 | €4,276 | +€3,009 | +237.5% |
| Recurring financial charges | 65 | €1,267 | €4,276 | +€3,009 | +237.5% |
| Profit (loss) for the period before taxes | 9903 | €50,814 | €50,969 | +€155 | +0.3% |
| Income taxes | 67/77 | €10,575 | €868 | -€9,707 | -91.8% |
| Profit (loss) for the period | 9904 | €40,239 | €50,101 | +€9,862 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,239 | €50,101 | +€9,862 | +24.5% |
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 12 October 2026 via checked.be.