GO UP: 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 UP
Largest movements
- Cash +€127,897
up €127,897 (+368%), from €34,736 to €162,633
mainly Net result for the year (+€110,505) and Tax, wage and social debts (+€76,169)
- Receivables within one year +€67,100
up €67,100 (+39.2%), from €170,958 to €238,058
of which Trade receivables: +€71,025
- Financial fixed assets -€5,000
no longer reported in 2025 (was €5,000)
- Reserves +€110,500
up €110,500 (+689%), from €16,040 to €126,540
- Tax, wage and social debts +€76,169
up €76,169 (+731%), from €10,423 to €86,593
- Trade debts +€14,840
up €14,840 (+1,664%), from €892 to €15,731
- Other debts -€13,208
down €13,208 (-7.6%), from €174,109 to €160,902
- Gross operating margin +€139,019
up €139,019 (+499%), from €27,834 to €166,853
- Taxes +€52,720
up €52,720 (+4,849%), from €1,087 to €53,807
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 | €220,265 | €408,571 | +€188,306 | +85.5% |
| Fixed assets | 21/28 | €14,571 | €7,880 | -€6,691 | -45.9% |
| Tangible fixed assets | 22/27 | €9,571 | €7,880 | -€1,691 | -17.7% |
| Furniture and vehicles | 24 | €2,521 | €830 | -€1,691 | -67.1% |
| Other tangible fixed assets | 26 | €7,050 | €7,050 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €205,694 | €400,691 | +€194,997 | +94.8% |
| Amounts receivable within one year | 40/41 | €170,958 | €238,058 | +€67,100 | +39.2% |
| Trade receivables | 40 | €159,533 | €230,558 | +€71,025 | +44.5% |
| Other amounts receivable | 41 | €11,425 | €7,500 | -€3,925 | -34.4% |
| Cash at bank and in hand | 54/58 | €34,736 | €162,633 | +€127,897 | +368% |
| Total equity and liabilities | 10/49 | €220,265 | €408,571 | +€188,306 | +85.5% |
| Equity | 10/15 | €34,841 | €145,345 | +€110,505 | +317% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,040 | €126,540 | +€110,500 | +689% |
| Distributable reserves | 133 | €16,040 | €126,540 | +€110,500 | +689% |
| Profit (loss) carried forward | 14 | €201 | €205 | +€5 | +2.4% |
| Amounts payable | 17/49 | €185,424 | €263,225 | +€77,801 | +42.0% |
| Amounts payable within one year | 42/48 | €185,424 | €263,225 | +€77,801 | +42.0% |
| Trade debts | 44 | €892 | €15,731 | +€14,840 | +1,664% |
| Suppliers | 440/4 | €892 | €15,731 | +€14,840 | +1,664% |
| Taxes, remuneration and social security | 45 | €10,423 | €86,593 | +€76,169 | +731% |
| Taxes | 450/3 | €10,423 | €86,593 | +€76,169 | +731% |
| Other amounts payable | 47/48 | €174,109 | €160,902 | -€13,208 | -7.6% |
| Non-recurring operating income | 76A | - | €6,761 | +€6,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €1,691 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €27,834 | €166,853 | +€139,019 | +499% |
| Operating profit (loss) | 9901 | €25,574 | €164,577 | +€139,003 | +544% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €194 | €272 | +€79 | +40.7% |
| Recurring financial charges | 65 | €194 | €272 | +€79 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €25,380 | €164,311 | +€138,931 | +547% |
| Income taxes | 67/77 | €1,087 | €53,807 | +€52,720 | +4,849% |
| Profit (loss) for the period | 9904 | €24,293 | €110,505 | +€86,212 | +355% |
| Profit (loss) for the period to be appropriated | 9905 | €24,293 | €110,505 | +€86,212 | +355% |
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 18 October 2026 via checked.be.