GERMANS: 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.
GERMANS
Largest movements
- Tangible fixed assets +€2,862
up €2,862 (+143.9%), from €1,989 to €4,850
of which Furniture and vehicles: +€3,578
- Cash -€1,301
down €1,301 (-8.3%), from €15,740 to €14,439
mainly Investment in fixed assets (net) (-€4,353) and Contributions, distributions and other (-€2,000)
- Receivables within one year +€658
up €658 (+11.8%), from €5,592 to €6,249
of which Other amounts receivable: +€694
- Other debts +€1,400
up €1,400, from €0 to €1,400
- Tax, wage and social debts +€600
up €600 (+54.5%), from €1,100 to €1,700
of which Taxes: +€600
- Trade debts +€406
up €406 (+39.0%), from €1,041 to €1,447
- Gross operating margin +€1,620
up €1,620 (+30.6%), from €5,291 to €6,912
- Depreciation +€1,331
up €1,331 (+830.2%), from €160 to €1,491
- Other operating charges +€904
up €904 (+93.2%), from €970 to €1,875
- Financial charges -€151
down €151 (-25.3%), from €598 to €446
- Taxes +€82
up €82 (+8.2%), from €1,001 to €1,083
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 | €23,955 | €26,381 | +€2,426 | +10.1% |
| Fixed assets | 21/28 | €1,989 | €4,850 | +€2,862 | +143.9% |
| Tangible fixed assets | 22/27 | €1,989 | €4,850 | +€2,862 | +143.9% |
| Plant, machinery and equipment | 23 | €1,989 | €1,272 | -€716 | -36.0% |
| Furniture and vehicles | 24 | €0 | €3,578 | +€3,578 | |
| Current assets | 29/58 | €21,966 | €21,530 | -€436 | -2.0% |
| Amounts receivable within one year | 40/41 | €5,592 | €6,249 | +€658 | +11.8% |
| Trade receivables | 40 | €36 | €0 | -€36 | -100.0% |
| Other amounts receivable | 41 | €5,556 | €6,249 | +€694 | +12.5% |
| Cash at bank and in hand | 54/58 | €15,740 | €14,439 | -€1,301 | -8.3% |
| Deferred charges and accrued income | 490/1 | €634 | €842 | +€208 | +32.8% |
| Total equity and liabilities | 10/49 | €23,955 | €26,381 | +€2,426 | +10.1% |
| Equity | 10/15 | €21,814 | €21,834 | +€20 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,354 | €1,374 | +€20 | +1.5% |
| Amounts payable | 17/49 | €2,141 | €4,547 | +€2,406 | +112.4% |
| Amounts payable within one year | 42/48 | €2,141 | €4,547 | +€2,406 | +112.4% |
| Trade debts | 44 | €1,041 | €1,447 | +€406 | +39.0% |
| Suppliers | 440/4 | €1,041 | €1,447 | +€406 | +39.0% |
| Taxes, remuneration and social security | 45 | €1,100 | €1,700 | +€600 | +54.5% |
| Taxes | 450/3 | €1,100 | €1,700 | +€600 | +54.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1,400 | +€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €1,491 | +€1,331 | +830.2% |
| Other operating charges | 640/8 | €970 | €1,875 | +€904 | +93.2% |
| Gross operating margin | 9900 | €5,291 | €6,912 | +€1,620 | +30.6% |
| Operating profit (loss) | 9901 | €4,161 | €3,546 | -€615 | -14.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €598 | €446 | -€151 | -25.3% |
| Recurring financial charges | 65 | €598 | €446 | -€151 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €3,563 | €3,103 | -€460 | -12.9% |
| Income taxes | 67/77 | €1,001 | €1,083 | +€82 | +8.2% |
| Profit (loss) for the period | 9904 | €2,562 | €2,020 | -€542 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,562 | €2,020 | -€542 | -21.2% |
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.