FULLSEND: 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.
FULLSEND
Largest movements
- Cash -€34,033
down €34,033 (-24.2%), from €140,443 to €106,410
mainly Contributions, distributions and other (-€82,353) and Receivables within one year (-€32,409)
- Receivables within one year +€32,409
up €32,409 (+22.5%), from €144,083 to €176,492
of which Trade receivables: +€79,155
- Tangible fixed assets +€3,731
up €3,731 (+39.1%), from €9,546 to €13,277
of which Furniture and vehicles: +€4,711
- Reserves -€37,926
down €37,926 (-31.3%), from €121,144 to €83,218
- Trade debts +€18,529
up €18,529 (+42.0%), from €44,168 to €62,697
- Other debts +€15,730
up €15,730 (+19.7%), from €80,000 to €95,730
- Tax, wage and social debts +€5,186
up €5,186 (+10.9%), from €47,685 to €52,871
of which Remuneration and social security: +€4,690
- Gross operating margin +€146,011
up €146,011 (+84.4%), from €172,919 to €318,930
- Staff costs +€116,732
up €116,732 (+100.0%), from €116,764 to €233,497
- Financial charges +€16,114
up €16,114 (+3137.4%), from €514 to €16,628
- Taxes +€6,997
up €6,997 (+59.2%), from €11,820 to €18,817
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 | €294,997 | €296,516 | +€1,519 | +0.5% |
| Fixed assets | 21/28 | €9,546 | €13,277 | +€3,731 | +39.1% |
| Tangible fixed assets | 22/27 | €9,546 | €13,277 | +€3,731 | +39.1% |
| Plant, machinery and equipment | 23 | €1,687 | €707 | -€981 | -58.1% |
| Furniture and vehicles | 24 | €7,859 | €12,570 | +€4,711 | +59.9% |
| Current assets | 29/58 | €285,451 | €283,239 | -€2,212 | -0.8% |
| Amounts receivable within one year | 40/41 | €144,083 | €176,492 | +€32,409 | +22.5% |
| Trade receivables | 40 | €97,337 | €176,492 | +€79,155 | +81.3% |
| Other amounts receivable | 41 | €46,746 | - | -€46,746 | |
| Cash at bank and in hand | 54/58 | €140,443 | €106,410 | -€34,033 | -24.2% |
| Deferred charges and accrued income | 490/1 | €926 | €337 | -€589 | -63.6% |
| Total equity and liabilities | 10/49 | €294,997 | €296,516 | +€1,519 | +0.5% |
| Equity | 10/15 | €123,144 | €85,218 | -€37,926 | -30.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €121,144 | €83,218 | -€37,926 | -31.3% |
| Distributable reserves | 133 | €121,144 | €83,218 | -€37,926 | -31.3% |
| Amounts payable | 17/49 | €171,854 | €211,298 | +€39,444 | +23.0% |
| Amounts payable within one year | 42/48 | €171,854 | €211,298 | +€39,444 | +23.0% |
| Trade debts | 44 | €44,168 | €62,697 | +€18,529 | +42.0% |
| Suppliers | 440/4 | €44,168 | €62,697 | +€18,529 | +42.0% |
| Taxes, remuneration and social security | 45 | €47,685 | €52,871 | +€5,186 | +10.9% |
| Taxes | 450/3 | €22,244 | €22,740 | +€496 | +2.2% |
| Remuneration and social security | 454/9 | €25,441 | €30,131 | +€4,690 | +18.4% |
| Other amounts payable | 47/48 | €80,000 | €95,730 | +€15,730 | +19.7% |
| Remuneration, social security and pensions | 62 | €116,764 | €233,497 | +€116,732 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,096 | €5,507 | +€1,411 | +34.4% |
| Other operating charges | 640/8 | €118 | €477 | +€359 | +304.1% |
| Gross operating margin | 9900 | €172,919 | €318,930 | +€146,011 | +84.4% |
| Operating profit (loss) | 9901 | €51,941 | €79,450 | +€27,509 | +53.0% |
| Financial income | 75/76B | €141 | €422 | +€281 | +198.9% |
| Recurring financial income | 75 | €141 | €422 | +€281 | +198.9% |
| Financial charges | 65/66B | €514 | €16,628 | +€16,114 | +3137.4% |
| Recurring financial charges | 65 | €514 | €16,628 | +€16,114 | +3137.4% |
| Profit (loss) for the period before taxes | 9903 | €51,568 | €63,245 | +€11,676 | +22.6% |
| Income taxes | 67/77 | €11,820 | €18,817 | +€6,997 | +59.2% |
| Profit (loss) for the period | 9904 | €39,748 | €44,427 | +€4,679 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,748 | €44,427 | +€4,679 | +11.8% |
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 4 October 2026 via checked.be.