GLOBAL NET: 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 NET
Largest movements
- Receivables within one year +€47,789
up €47,789 (+60.3%), from €79,211 to €127,000
of which Other amounts receivable: +€31,905
- Cash +€3,998
up €3,998 (+159.9%), from €2,500 to €6,498
mainly Net result for the year (+€38,582) and Tax, wage and social debts (+€13,439)
- Profit (loss) carried forward +€38,582
up €38,582 (+64.8%), from €59,579 to €98,161
- Tax, wage and social debts +€13,439
up €13,439 (+181.5%), from €7,405 to €20,844
- Gross operating margin +€34,954
up €34,954 (+217.4%), from €16,076 to €51,030
- Taxes +€11,142
up €11,142 (+240.1%), from €4,640 to €15,782
- Financial income +€1,139
up €1,139 (+38.8%), from €2,932 to €4,071
- Other operating charges -€644
down €644 (-50.5%), from €1,276 to €631
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 | €81,992 | €134,225 | +€52,234 | +63.7% |
| Fixed assets | 21/28 | €280 | €280 | = | 0.0% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €81,712 | €133,945 | +€52,234 | +63.9% |
| Amounts receivable within one year | 40/41 | €79,211 | €127,000 | +€47,789 | +60.3% |
| Trade receivables | 40 | €19,783 | €35,667 | +€15,883 | +80.3% |
| Other amounts receivable | 41 | €59,428 | €91,334 | +€31,905 | +53.7% |
| Cash at bank and in hand | 54/58 | €2,500 | €6,498 | +€3,998 | +159.9% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €81,992 | €134,225 | +€52,234 | +63.7% |
| Equity | 10/15 | €73,839 | €112,421 | +€38,582 | +52.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | €59,579 | €98,161 | +€38,582 | +64.8% |
| Amounts payable | 17/49 | €8,153 | €21,804 | +€13,652 | +167.5% |
| Amounts payable within one year | 42/48 | €8,153 | €21,804 | +€13,652 | +167.5% |
| Trade debts | 44 | €748 | €960 | +€212 | +28.4% |
| Suppliers | 440/4 | €748 | €960 | +€212 | +28.4% |
| Taxes, remuneration and social security | 45 | €7,405 | €20,844 | +€13,439 | +181.5% |
| Taxes | 450/3 | €7,405 | €20,844 | +€13,439 | +181.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | - | -€441 | |
| Other operating charges | 640/8 | €1,276 | €631 | -€644 | -50.5% |
| Gross operating margin | 9900 | €16,076 | €51,030 | +€34,954 | +217.4% |
| Operating profit (loss) | 9901 | €14,359 | €50,398 | +€36,039 | +251.0% |
| Financial income | 75/76B | €2,932 | €4,071 | +€1,139 | +38.8% |
| Recurring financial income | 75 | €2,932 | €4,071 | +€1,139 | +38.8% |
| Financial charges | 65/66B | €105 | €105 | +€0 | +0.2% |
| Recurring financial charges | 65 | €105 | €105 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €17,187 | €54,364 | +€37,178 | +216.3% |
| Income taxes | 67/77 | €4,640 | €15,782 | +€11,142 | +240.1% |
| Profit (loss) for the period | 9904 | €12,546 | €38,582 | +€26,036 | +207.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,546 | €38,582 | +€26,036 | +207.5% |
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 2 October 2026 via checked.be.