FULL EXPRESS: what changed
Two fiscal 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.
FULL EXPRESS
Largest movements
- Receivables within one year +€18,101
new in 2025: €18,101
- Financial fixed assets +€12,300
new in 2025: €12,300
- Cash +€7,056
up €7,056 (+119.5%), from €5,904 to €12,960
mainly Trade debts (+€23,512) and Tax, wage and social debts (+€21,362)
- Tangible fixed assets +€5,935
up €5,935 (+28.4%), from €20,914 to €26,849
of which Plant, machinery and equipment: +€9,925
- Trade debts +€23,512
up €23,512 (+399.2%), from €5,890 to €29,402
- Tax, wage and social debts +€21,362
new in 2025: €21,362
of which Remuneration and social security: +€17,330
- Other debts -€14,189
down €14,189 (-78.8%), from €18,000 to €3,811
- Profit (loss) carried forward +€12,706
up €12,706, from -€1,072 to €11,634
- Gross operating margin +€122,176
up €122,176, from -€968 to €121,208
- Staff costs +€97,281
new in 2025: €97,281
- Depreciation +€4,457
up €4,457 (+5194.3%), from €86 to €4,543
- Taxes +€4,033
new in 2025: €4,033
- Other operating charges +€2,021
new in 2025: €2,021
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 | €26,818 | €70,210 | +€43,392 | +161.8% |
| Fixed assets | 21/28 | €20,914 | €39,149 | +€18,235 | +87.2% |
| Tangible fixed assets | 22/27 | €20,914 | €26,849 | +€5,935 | +28.4% |
| Plant, machinery and equipment | 23 | - | €9,925 | +€9,925 | |
| Other tangible fixed assets | 26 | €20,914 | €16,924 | -€3,990 | -19.1% |
| Financial fixed assets | 28 | - | €12,300 | +€12,300 | |
| Current assets | 29/58 | €5,904 | €31,061 | +€25,157 | +426.1% |
| Amounts receivable within one year | 40/41 | - | €18,101 | +€18,101 | |
| Trade receivables | 40 | - | €18,101 | +€18,101 | |
| Cash at bank and in hand | 54/58 | €5,904 | €12,960 | +€7,056 | +119.5% |
| Total equity and liabilities | 10/49 | €26,818 | €70,210 | +€43,392 | +161.8% |
| Equity | 10/15 | €2,928 | €15,634 | +€12,706 | +433.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,072 | €11,634 | +€12,706 | |
| Amounts payable | 17/49 | €23,890 | €54,576 | +€30,686 | +128.4% |
| Amounts payable within one year | 42/48 | €23,890 | €54,576 | +€30,686 | +128.4% |
| Trade debts | 44 | €5,890 | €29,402 | +€23,512 | +399.2% |
| Suppliers | 440/4 | €5,890 | €29,402 | +€23,512 | +399.2% |
| Taxes, remuneration and social security | 45 | - | €21,362 | +€21,362 | |
| Taxes | 450/3 | - | €4,033 | +€4,033 | |
| Remuneration and social security | 454/9 | - | €17,330 | +€17,330 | |
| Other amounts payable | 47/48 | €18,000 | €3,811 | -€14,189 | -78.8% |
| Remuneration, social security and pensions | 62 | - | €97,281 | +€97,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86 | €4,543 | +€4,457 | +5194.3% |
| Other operating charges | 640/8 | - | €2,021 | +€2,021 | |
| Gross operating margin | 9900 | -€968 | €121,208 | +€122,176 | |
| Operating profit (loss) | 9901 | -€1,054 | €17,363 | +€18,417 | |
| Financial charges | 65/66B | €18 | €625 | +€607 | +3358.3% |
| Recurring financial charges | 65 | €18 | €625 | +€607 | +3358.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,072 | €16,738 | +€17,810 | |
| Income taxes | 67/77 | - | €4,033 | +€4,033 | |
| Profit (loss) for the period | 9904 | -€1,072 | €12,706 | +€13,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,072 | €12,706 | +€13,777 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.