GENERAL NET: 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.
GENERAL NET
Largest movements
- Cash -€9,852
down €9,852 (-46.6%), from €21,161 to €11,310
mainly Investment in fixed assets (net) (-€14,132) and Other debts (-€12,000)
- Receivables within one year +€9,021
up €9,021 (+34.4%), from €26,226 to €35,247
of which Trade receivables: +€9,021
- Tangible fixed assets +€7,180
up €7,180 (+99.1%), from €7,243 to €14,423
- Deferred charges and accrued income +€943
up €943 (+81.4%), from €1,159 to €2,101
- Reserves +€12,302
up €12,302 (+78.7%), from €15,637 to €27,939
- Other debts -€12,000
down €12,000 (-99.4%), from €12,075 to €75
- Tax, wage and social debts -€8,560
down €8,560 (-45.7%), from €18,731 to €10,172
of which Remuneration and social security: -€9,645
- Current portion of long-term debt +€7,704
new in 2025: €7,704
- Debts after one year +€5,286
new in 2025: €5,286
- Gross operating margin +€18,043
up €18,043 (+39.3%), from €45,918 to €63,961
- Staff costs +€17,947
up €17,947 (+73.5%), from €24,403 to €42,350
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 | €56,502 | €63,794 | +€7,292 | +12.9% |
| Fixed assets | 21/28 | €7,957 | €15,137 | +€7,180 | +90.2% |
| Tangible fixed assets | 22/27 | €7,243 | €14,423 | +€7,180 | +99.1% |
| Furniture and vehicles | 24 | €7,243 | €14,423 | +€7,180 | +99.1% |
| Financial fixed assets | 28 | €714 | €714 | = | 0.0% |
| Current assets | 29/58 | €48,546 | €48,657 | +€112 | +0.2% |
| Amounts receivable within one year | 40/41 | €26,226 | €35,247 | +€9,021 | +34.4% |
| Trade receivables | 40 | €26,225 | €35,246 | +€9,021 | +34.4% |
| Other amounts receivable | 41 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,161 | €11,310 | -€9,852 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,159 | €2,101 | +€943 | +81.4% |
| Total equity and liabilities | 10/49 | €56,502 | €63,794 | +€7,292 | +12.9% |
| Equity | 10/15 | €21,834 | €34,136 | +€12,302 | +56.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €15,637 | €27,939 | +€12,302 | +78.7% |
| Distributable reserves | 133 | €15,637 | €27,939 | +€12,302 | +78.7% |
| Amounts payable | 17/49 | €34,668 | €29,658 | -€5,010 | -14.5% |
| Amounts payable after more than one year | 17 | - | €5,286 | +€5,286 | |
| Financial debts | 170/4 | - | €5,286 | +€5,286 | |
| Amounts payable within one year | 42/48 | €34,668 | €24,371 | -€10,297 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,704 | +€7,704 | |
| Trade debts | 44 | €3,862 | €6,421 | +€2,559 | +66.2% |
| Suppliers | 440/4 | €3,862 | €6,421 | +€2,559 | +66.2% |
| Taxes, remuneration and social security | 45 | €18,731 | €10,172 | -€8,560 | -45.7% |
| Taxes | 450/3 | €4,067 | €5,153 | +€1,086 | +26.7% |
| Remuneration and social security | 454/9 | €14,664 | €5,019 | -€9,645 | -65.8% |
| Other amounts payable | 47/48 | €12,075 | €75 | -€12,000 | -99.4% |
| Remuneration, social security and pensions | 62 | €24,403 | €42,350 | +€17,947 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,314 | €6,952 | -€362 | -4.9% |
| Other operating charges | 640/8 | €705 | €646 | -€59 | -8.4% |
| Non-recurring operating charges | 66A | €2,955 | - | -€2,955 | |
| Gross operating margin | 9900 | €45,918 | €63,961 | +€18,043 | +39.3% |
| Operating profit (loss) | 9901 | €10,540 | €14,012 | +€3,473 | +32.9% |
| Financial income | 75/76B | €10 | €6 | -€4 | -40.9% |
| Recurring financial income | 75 | €10 | €6 | -€4 | -40.9% |
| Financial charges | 65/66B | €386 | €486 | +€100 | +25.9% |
| Recurring financial charges | 65 | €386 | €486 | +€100 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €10,164 | €13,532 | +€3,369 | +33.1% |
| Income taxes | 67/77 | €1,378 | €1,230 | -€147 | -10.7% |
| Profit (loss) for the period | 9904 | €8,786 | €12,302 | +€3,516 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,786 | €12,302 | +€3,516 | +40.0% |
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 9 October 2026 via checked.be.