FT Concept: 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.
FT Concept
Largest movements
- Receivables within one year +€30,865
up €30,865 (+56.8%), from €54,355 to €85,220
of which Trade receivables: +€20,273
- Cash +€3,695
up €3,695 (+271701.5%), from €1 to €3,697
mainly Net result for the year (+€24,711) and Trade debts (+€13,110)
- Financial fixed assets -€2,000
no longer reported in 2025 (was €2,000)
- Tangible fixed assets -€1,780
down €1,780 (-38.6%), from €4,607 to €2,828
of which Furniture and vehicles: -€1,515
- Profit (loss) carried forward +€16,711
up €16,711 (+89.8%), from €18,607 to €35,318
- Trade debts +€13,110
up €13,110 (+49.2%), from €26,669 to €39,779
- Staff costs -€7,176
no longer reported in 2025 (was €7,176)
- Gross operating margin -€5,340
down €5,340 (-12.6%), from €42,520 to €37,180
- Other operating charges +€1,951
up €1,951 (+430.1%), from €454 to €2,405
- Financial income +€653
up €653 (+103.6%), from €631 to €1,284
- Financial charges +€482
up €482 (+308.2%), from €156 to €638
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 | €61,466 | €92,024 | +€30,557 | +49.7% |
| Formation expenses | 20 | €502 | €279 | -€223 | -44.4% |
| Fixed assets | 21/28 | €6,607 | €2,828 | -€3,780 | -57.2% |
| Tangible fixed assets | 22/27 | €4,607 | €2,828 | -€1,780 | -38.6% |
| Furniture and vehicles | 24 | €3,550 | €2,034 | -€1,515 | -42.7% |
| Other tangible fixed assets | 26 | €1,058 | €793 | -€264 | -25.0% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €54,357 | €88,917 | +€34,560 | +63.6% |
| Amounts receivable within one year | 40/41 | €54,355 | €85,220 | +€30,865 | +56.8% |
| Trade receivables | 40 | €35,189 | €55,462 | +€20,273 | +57.6% |
| Other amounts receivable | 41 | €19,166 | €29,758 | +€10,592 | +55.3% |
| Cash at bank and in hand | 54/58 | €1 | €3,697 | +€3,695 | +271701.5% |
| Total equity and liabilities | 10/49 | €61,466 | €92,024 | +€30,557 | +49.7% |
| Equity | 10/15 | €21,107 | €37,818 | +€16,711 | +79.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,607 | €35,318 | +€16,711 | +89.8% |
| Amounts payable | 17/49 | €40,359 | €54,205 | +€13,846 | +34.3% |
| Amounts payable within one year | 42/48 | €40,359 | €54,205 | +€13,846 | +34.3% |
| Trade debts | 44 | €26,669 | €39,779 | +€13,110 | +49.2% |
| Suppliers | 440/4 | €26,669 | €39,779 | +€13,110 | +49.2% |
| Taxes, remuneration and social security | 45 | €13,690 | €14,427 | +€736 | +5.4% |
| Taxes | 450/3 | €10,740 | €11,227 | +€486 | +4.5% |
| Remuneration and social security | 454/9 | €2,950 | €3,200 | +€250 | +8.5% |
| Remuneration, social security and pensions | 62 | €7,176 | - | -€7,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,932 | €2,003 | +€71 | +3.7% |
| Other operating charges | 640/8 | €454 | €2,405 | +€1,951 | +430.1% |
| Gross operating margin | 9900 | €42,520 | €37,180 | -€5,340 | -12.6% |
| Operating profit (loss) | 9901 | €32,957 | €32,772 | -€186 | -0.6% |
| Financial income | 75/76B | €631 | €1,284 | +€653 | +103.6% |
| Recurring financial income | 75 | €631 | €1,284 | +€653 | +103.6% |
| Financial charges | 65/66B | €156 | €638 | +€482 | +308.2% |
| Recurring financial charges | 65 | €156 | €638 | +€482 | +308.2% |
| Profit (loss) for the period before taxes | 9903 | €33,432 | €33,418 | -€14 | 0.0% |
| Income taxes | 67/77 | €8,528 | €8,707 | +€178 | +2.1% |
| Profit (loss) for the period | 9904 | €24,904 | €24,711 | -€192 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,904 | €24,711 | -€192 | -0.8% |
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.