GO LIVE: 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.
GO LIVE
Largest movements
- Cash +€67,248
up €67,248 (+239%), from €28,106 to €95,354
mainly Net result for the year (+€115,815) and Receivables within one year (+€63,096)
- Receivables within one year -€63,096
down €63,096 (-65.2%), from €96,799 to €33,703
of which Trade receivables: -€66,752
- Tangible fixed assets -€6,482
down €6,482 (-38.1%), from €17,008 to €10,527
of which Furniture and vehicles: -€6,139
- Profit (loss) carried forward +€25,815
new in 2025: €25,815
- Tax, wage and social debts -€17,395
down €17,395 (-74.1%), from €23,461 to €6,067
of which Taxes: -€15,995
- Other debts -€11,905
down €11,905 (-13.4%), from €89,145 to €77,240
- Debts after one year -€4,690
down €4,690 (-85.6%), from €5,477 to €787
- Trade debts +€4,654
up €4,654 (+57.7%), from €8,067 to €12,721
of which Suppliers: +€4,904
- Gross operating margin +€61,206
up €61,206 (+48.5%), from €126,185 to €187,391
- Taxes +€38,998
up €38,998 (+168%), from €23,204 to €62,202
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 | €151,251 | €147,780 | -€3,471 | -2.3% |
| Fixed assets | 21/28 | €18,630 | €11,598 | -€7,032 | -37.7% |
| Intangible fixed assets | 21 | €1,621 | €1,071 | -€550 | -33.9% |
| Tangible fixed assets | 22/27 | €17,008 | €10,527 | -€6,482 | -38.1% |
| Furniture and vehicles | 24 | €15,038 | €8,899 | -€6,139 | -40.8% |
| Other tangible fixed assets | 26 | €1,970 | €1,627 | -€343 | -17.4% |
| Current assets | 29/58 | €132,622 | €136,182 | +€3,560 | +2.7% |
| Stocks and contracts in progress | 3 | €4,746 | €3,570 | -€1,176 | -24.8% |
| Stocks | 30/36 | €4,746 | €3,570 | -€1,176 | -24.8% |
| Amounts receivable within one year | 40/41 | €96,799 | €33,703 | -€63,096 | -65.2% |
| Trade receivables | 40 | €94,291 | €27,539 | -€66,752 | -70.8% |
| Other amounts receivable | 41 | €2,508 | €6,164 | +€3,656 | +146% |
| Cash at bank and in hand | 54/58 | €28,106 | €95,354 | +€67,248 | +239% |
| Deferred charges and accrued income | 490/1 | €2,971 | €3,555 | +€584 | +19.7% |
| Total equity and liabilities | 10/49 | €151,251 | €147,780 | -€3,471 | -2.3% |
| Equity | 10/15 | €20,460 | €46,275 | +€25,815 | +126% |
| 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 | - | €25,815 | +€25,815 | |
| Amounts payable | 17/49 | €130,791 | €101,505 | -€29,286 | -22.4% |
| Amounts payable after more than one year | 17 | €5,477 | €787 | -€4,690 | -85.6% |
| Financial debts | 170/4 | €5,477 | €787 | -€4,690 | -85.6% |
| Amounts payable within one year | 42/48 | €125,314 | €100,718 | -€24,596 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €4,641 | €4,690 | +€50 | +1.1% |
| Trade debts | 44 | €8,067 | €12,721 | +€4,654 | +57.7% |
| Suppliers | 440/4 | €7,817 | €12,721 | +€4,904 | +62.7% |
| Bills of exchange payable | 441 | €250 | - | -€250 | |
| Taxes, remuneration and social security | 45 | €23,461 | €6,067 | -€17,395 | -74.1% |
| Taxes | 450/3 | €21,461 | €5,466 | -€15,995 | -74.5% |
| Remuneration and social security | 454/9 | €2,000 | €600 | -€1,400 | -70.0% |
| Other amounts payable | 47/48 | €89,145 | €77,240 | -€11,905 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,175 | €8,069 | -€106 | -1.3% |
| Other operating charges | 640/8 | €831 | €859 | +€28 | +3.3% |
| Non-recurring operating charges | 66A | - | €163 | +€163 | |
| Gross operating margin | 9900 | €126,185 | €187,391 | +€61,206 | +48.5% |
| Operating profit (loss) | 9901 | €117,180 | €178,301 | +€61,121 | +52.2% |
| Financial income | 75/76B | €162 | - | -€162 | |
| Recurring financial income | 75 | €162 | - | -€162 | |
| Financial charges | 65/66B | €379 | €283 | -€95 | -25.2% |
| Recurring financial charges | 65 | €379 | €283 | -€95 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €116,963 | €178,017 | +€61,055 | +52.2% |
| Income taxes | 67/77 | €23,204 | €62,202 | +€38,998 | +168% |
| Profit (loss) for the period | 9904 | €93,759 | €115,815 | +€22,057 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,759 | €115,815 | +€22,057 | +23.5% |
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 19 October 2026 via checked.be.