GLOBAL IMPACT: 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.
GLOBAL IMPACT
Largest movements
- Cash +€698,107
up €698,107 (+7,171%), from €9,736 to €707,843
mainly Accrued charges and deferred income (+€458,972) and Other debts (+€425,000)
- Stocks and contracts +€295,454
up €295,454 (+2,157%), from €13,699 to €309,153
- Tangible fixed assets -€40,493
down €40,493 (-9.8%), from €411,332 to €370,839
of which Land and buildings: -€36,649
- Accrued charges and deferred income +€458,972
up €458,972 (+2,440%), from €18,812 to €477,784
- Other debts +€425,000
up €425,000 (+94.5%), from €449,801 to €874,801
- Tax, wage and social debts +€115,382
up €115,382 (+10,858%), from €1,063 to €116,444
- Profit (loss) carried forward -€114,920
down €114,920 (-101%), from -€113,761 to -€228,681
- Trade debts +€84,553
up €84,553 (+497%), from €17,011 to €101,563
- Gross operating margin +€236,007
up €236,007, from -€160,574 to €75,433
- Financial charges +€14,560
up €14,560 (+91.4%), from €15,935 to €30,495
- Other operating charges +€3,913
up €3,913 (+3.2%), from €123,010 to €126,923
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 | €440,575 | €1,409,562 | +€968,987 | +220% |
| Fixed assets | 21/28 | €411,332 | €373,850 | -€37,482 | -9.1% |
| Tangible fixed assets | 22/27 | €411,332 | €370,839 | -€40,493 | -9.8% |
| Land and buildings | 22 | €360,138 | €323,489 | -€36,649 | -10.2% |
| Plant, machinery and equipment | 23 | €51,193 | €47,350 | -€3,843 | -7.5% |
| Financial fixed assets | 28 | - | €3,011 | +€3,011 | |
| Current assets | 29/58 | €29,244 | €1,035,712 | +€1.0m | +3,442% |
| Stocks and contracts in progress | 3 | €13,699 | €309,153 | +€295,454 | +2,157% |
| Stocks | 30/36 | €13,699 | €309,153 | +€295,454 | +2,157% |
| Amounts receivable within one year | 40/41 | €5,718 | €15,106 | +€9,388 | +164% |
| Trade receivables | 40 | €5,718 | €5,106 | -€612 | -10.7% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €9,736 | €707,843 | +€698,107 | +7,171% |
| Deferred charges and accrued income | 490/1 | €91 | €3,610 | +€3,519 | +3,878% |
| Total equity and liabilities | 10/49 | €440,575 | €1,409,562 | +€968,987 | +220% |
| Equity | 10/15 | -€46,111 | -€161,031 | -€114,920 | -249% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€113,761 | -€228,681 | -€114,920 | -101% |
| Amounts payable | 17/49 | €486,686 | €1,570,593 | +€1.1m | +223% |
| Amounts payable within one year | 42/48 | €467,874 | €1,092,809 | +€624,934 | +134% |
| Trade debts | 44 | €17,011 | €101,563 | +€84,553 | +497% |
| Suppliers | 440/4 | €17,011 | €101,563 | +€84,553 | +497% |
| Taxes, remuneration and social security | 45 | €1,063 | €116,444 | +€115,382 | +10,858% |
| Taxes | 450/3 | €1,063 | €116,444 | +€115,382 | +10,858% |
| Other amounts payable | 47/48 | €449,801 | €874,801 | +€425,000 | +94.5% |
| Accrued charges and deferred income | 492/3 | €18,812 | €477,784 | +€458,972 | +2,440% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,348 | €33,234 | +€886 | +2.7% |
| Other operating charges | 640/8 | €123,010 | €126,923 | +€3,913 | +3.2% |
| Gross operating margin | 9900 | -€160,574 | €75,433 | +€236,007 | |
| Operating profit (loss) | 9901 | -€315,932 | -€84,725 | +€231,207 | +73.2% |
| Financial income | 75/76B | €0 | €300 | +€300 | |
| Recurring financial income | 75 | €0 | €300 | +€300 | |
| Financial charges | 65/66B | €15,935 | €30,495 | +€14,560 | +91.4% |
| Recurring financial charges | 65 | €15,935 | €30,495 | +€14,560 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | -€331,867 | -€114,920 | +€216,947 | +65.4% |
| Profit (loss) for the period | 9904 | -€331,867 | -€114,920 | +€216,947 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€331,867 | -€114,920 | +€216,947 | +65.4% |
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 24 October 2026 via checked.be.