Gallery Phase: 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.
Gallery Phase
Largest movements
- Cash +€65,367
up €65,367 (+996.5%), from €6,560 to €71,927
mainly Advances received (+€66,110) and Trade debts (+€13,457)
- Receivables within one year +€2,493
up €2,493 (+3.0%), from €82,742 to €85,235
of which Trade receivables: +€18,257
- Advances received +€66,110
up €66,110 (+1469.1%), from €4,500 to €70,610
- Tax, wage and social debts -€19,355
down €19,355 (-67.5%), from €28,666 to €9,311
- Trade debts +€13,457
up €13,457 (+406.3%), from €3,312 to €16,770
- Profit (loss) carried forward +€8,245
up €8,245 (+72.6%), from -€11,350 to -€3,105
- Gross operating margin +€23,513
up €23,513, from -€10,610 to €12,903
- Taxes +€3,159
up €3,159, from €0 to €3,159
- Financial charges +€706
up €706 (+454.8%), from €155 to €862
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 | €91,835 | €160,293 | +€68,458 | +74.5% |
| Current assets | 29/58 | €91,835 | €160,293 | +€68,458 | +74.5% |
| Amounts receivable within one year | 40/41 | €82,742 | €85,235 | +€2,493 | +3.0% |
| Trade receivables | 40 | €3,309 | €21,567 | +€18,257 | +551.7% |
| Other amounts receivable | 41 | €79,433 | €63,668 | -€15,765 | -19.8% |
| Cash at bank and in hand | 54/58 | €6,560 | €71,927 | +€65,367 | +996.5% |
| Deferred charges and accrued income | 490/1 | €2,533 | €3,131 | +€598 | +23.6% |
| Total equity and liabilities | 10/49 | €91,835 | €160,293 | +€68,458 | +74.5% |
| Equity | 10/15 | €53,557 | €61,802 | +€8,245 | +15.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €60,907 | €60,907 | = | 0.0% |
| Distributable reserves | 133 | €60,907 | €60,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,350 | -€3,105 | +€8,245 | +72.6% |
| Amounts payable | 17/49 | €38,278 | €98,491 | +€60,213 | +157.3% |
| Amounts payable within one year | 42/48 | €36,478 | €96,691 | +€60,213 | +165.1% |
| Trade debts | 44 | €3,312 | €16,770 | +€13,457 | +406.3% |
| Suppliers | 440/4 | €3,312 | €16,770 | +€13,457 | +406.3% |
| Advances received on contracts in progress | 46 | €4,500 | €70,610 | +€66,110 | +1469.1% |
| Taxes, remuneration and social security | 45 | €28,666 | €9,311 | -€19,355 | -67.5% |
| Taxes | 450/3 | €28,666 | €9,311 | -€19,355 | -67.5% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Other operating charges | 640/8 | €585 | €679 | +€94 | +16.1% |
| Gross operating margin | 9900 | -€10,610 | €12,903 | +€23,513 | |
| Operating profit (loss) | 9901 | -€11,195 | €12,224 | +€23,419 | |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €155 | €862 | +€706 | +454.8% |
| Recurring financial charges | 65 | €155 | €862 | +€706 | +454.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,350 | €11,404 | +€22,754 | |
| Income taxes | 67/77 | €0 | €3,159 | +€3,159 | |
| Profit (loss) for the period | 9904 | -€11,350 | €8,245 | +€19,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,350 | €8,245 | +€19,595 |
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 10 October 2026 via checked.be.