GAINER: 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.
GAINER
Largest movements
- Cash +€22,901
up €22,901 (+20.8%), from €109,878 to €132,779
mainly Deferred charges and accrued income (+€16,339) and Depreciation (+€8,136)
- Deferred charges and accrued income -€16,339
down €16,339 (-92.1%), from €17,747 to €1,408
- Profit (loss) carried forward +€4,879
up €4,879 (+3.9%), from €123,884 to €128,763
- Trade debts +€3,745
up €3,745 (+406%), from €923 to €4,668
- Other debts -€2,017
down €2,017 (-22.7%), from €8,891 to €6,874
- Depreciation +€4,664
up €4,664 (+134%), from €3,473 to €8,136
- Gross operating margin -€3,405
down €3,405 (-15.7%), from €21,660 to €18,254
- Taxes -€982
down €982 (-21.4%), from €4,600 to €3,618
- Financial charges -€270
down €270 (-41.9%), from €644 to €374
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.
Derived cash bridge
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 | €152,008 | €158,364 | +€6,355 | +4.2% |
| Fixed assets | 21/28 | €7,635 | €8,894 | +€1,259 | +16.5% |
| Tangible fixed assets | 22/27 | €7,635 | €8,894 | +€1,259 | +16.5% |
| Furniture and vehicles | 24 | €7,635 | €8,894 | +€1,259 | +16.5% |
| Current assets | 29/58 | €144,373 | €149,469 | +€5,096 | +3.5% |
| Amounts receivable within one year | 40/41 | €16,748 | €15,283 | -€1,466 | -8.8% |
| Trade receivables | 40 | €8,680 | €11,373 | +€2,693 | +31.0% |
| Other amounts receivable | 41 | €8,068 | €3,910 | -€4,158 | -51.5% |
| Cash at bank and in hand | 54/58 | €109,878 | €132,779 | +€22,901 | +20.8% |
| Deferred charges and accrued income | 490/1 | €17,747 | €1,408 | -€16,339 | -92.1% |
| Total equity and liabilities | 10/49 | €152,008 | €158,364 | +€6,355 | +4.2% |
| Equity | 10/15 | €133,884 | €138,763 | +€4,879 | +3.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,884 | €128,763 | +€4,879 | +3.9% |
| Amounts payable | 17/49 | €18,124 | €19,600 | +€1,476 | +8.1% |
| Amounts payable within one year | 42/48 | €16,558 | €18,033 | +€1,475 | +8.9% |
| Financial debts | 43 | - | €324 | +€324 | |
| Credit institutions | 430/8 | - | €324 | +€324 | |
| Trade debts | 44 | €923 | €4,668 | +€3,745 | +406% |
| Suppliers | 440/4 | €923 | €4,668 | +€3,745 | +406% |
| Taxes, remuneration and social security | 45 | €6,744 | €6,167 | -€577 | -8.6% |
| Taxes | 450/3 | €4,618 | €4,035 | -€583 | -12.6% |
| Remuneration and social security | 454/9 | €2,126 | €2,132 | +€6 | +0.3% |
| Other amounts payable | 47/48 | €8,891 | €6,874 | -€2,017 | -22.7% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,473 | €8,136 | +€4,664 | +134% |
| Other operating charges | 640/8 | €1,119 | €1,247 | +€128 | +11.5% |
| Gross operating margin | 9900 | €21,660 | €18,254 | -€3,405 | -15.7% |
| Operating profit (loss) | 9901 | €17,068 | €8,871 | -€8,197 | -48.0% |
| Financial charges | 65/66B | €644 | €374 | -€270 | -41.9% |
| Recurring financial charges | 65 | €644 | €374 | -€270 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €16,424 | €8,497 | -€7,927 | -48.3% |
| Income taxes | 67/77 | €4,600 | €3,618 | -€982 | -21.4% |
| Profit (loss) for the period | 9904 | €11,824 | €4,879 | -€6,945 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,824 | €4,879 | -€6,945 | -58.7% |
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 21 October 2026 via checked.be.