GLOBAL KEY: 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.
GLOBAL KEY
Largest movements
- Receivables after one year -€4,158
down €4,158 (-5.1%), from €81,406 to €77,247
- Reserves +€97,000
up €97,000 (+5215.1%), from €1,860 to €98,860
of which Distributable reserves: +€97,000
- Trade debts -€91,660
down €91,660 (-100.0%), from €91,660 to €0
- Other debts -€52,500
down €52,500 (-99.7%), from €52,644 to €144
- Tax, wage and social debts +€43,486
new in 2025: €43,486
- Gross operating margin +€142,782
up €142,782, from -€3,489 to €139,293
- Taxes +€43,486
new in 2025: €43,486
- Purchases and services +€3,783
new in 2025: €3,783
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 | €170,010 | €166,488 | -€3,523 | -2.1% |
| Fixed assets | 21/28 | €369 | €0 | -€369 | -100.0% |
| Financial fixed assets | 28 | €369 | - | -€369 | |
| Current assets | 29/58 | €169,641 | €166,488 | -€3,154 | -1.9% |
| Amounts receivable after more than one year | 29 | €81,406 | €77,247 | -€4,158 | -5.1% |
| Other amounts receivable | 291 | €81,406 | €77,247 | -€4,158 | -5.1% |
| Amounts receivable within one year | 40/41 | €78,652 | €78,759 | +€107 | +0.1% |
| Other amounts receivable | 41 | €78,652 | €78,759 | +€107 | +0.1% |
| Cash at bank and in hand | 54/58 | €9,111 | €10,239 | +€1,128 | +12.4% |
| Deferred charges and accrued income | 490/1 | €472 | €242 | -€230 | -48.7% |
| Total equity and liabilities | 10/49 | €170,010 | €166,488 | -€3,523 | -2.1% |
| Equity | 10/15 | €25,706 | €122,858 | +€97,152 | +377.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €98,860 | +€97,000 | +5215.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €97,000 | +€97,000 | |
| Profit (loss) carried forward | 14 | €5,246 | €5,398 | +€152 | +2.9% |
| Amounts payable | 17/49 | €144,304 | €43,630 | -€100,674 | -69.8% |
| Amounts payable within one year | 42/48 | €144,304 | €43,630 | -€100,674 | -69.8% |
| Trade debts | 44 | €91,660 | €0 | -€91,660 | -100.0% |
| Suppliers | 440/4 | €91,660 | - | -€91,660 | |
| Taxes, remuneration and social security | 45 | - | €43,486 | +€43,486 | |
| Taxes | 450/3 | - | €43,486 | +€43,486 | |
| Other amounts payable | 47/48 | €52,644 | €144 | -€52,500 | -99.7% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,783 | +€3,783 | |
| Other operating charges | 640/8 | €387 | €769 | +€381 | +98.5% |
| Gross operating margin | 9900 | -€3,489 | €139,293 | +€142,782 | |
| Operating profit (loss) | 9901 | -€3,877 | €138,524 | +€142,401 | |
| Financial income | 75/76B | €2,351 | €2,247 | -€104 | -4.4% |
| Recurring financial income | 75 | €2,351 | €2,247 | -€104 | -4.4% |
| Financial charges | 65/66B | €136 | €133 | -€3 | -2.1% |
| Recurring financial charges | 65 | €136 | €133 | -€3 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,662 | €140,638 | +€142,300 | |
| Income taxes | 67/77 | - | €43,486 | +€43,486 | |
| Profit (loss) for the period | 9904 | -€1,662 | €97,152 | +€98,814 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,662 | €97,152 | +€98,814 |
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 28 September 2026 via checked.be.