GRADE 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.
GRADE UP
Largest movements
- Receivables within one year +€17,095
up €17,095 (+149%), from €11,495 to €28,590
of which Other amounts receivable: +€9,230
- Cash +€7,226
up €7,226 (+34.0%), from €21,250 to €28,475
mainly Net result for the year (+€20,291) and Tax, wage and social debts (+€4,393)
- Profit (loss) carried forward +€20,291
up €20,291 (+75.5%), from €26,880 to €47,172
- Tax, wage and social debts +€4,393
up €4,393 (+40.9%), from €10,742 to €15,135
- Other debts -€1,275
down €1,275 (-100%), from €1,275 to €0
- Depreciation +€800
up €800 (+41.5%), from €1,927 to €2,727
- Financial income +€512
new in 2025: €512
- Gross operating margin +€506
up €506 (+1.8%), from €28,509 to €29,015
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 | €43,037 | €66,870 | +€23,833 | +55.4% |
| Fixed assets | 21/28 | €7,070 | €6,690 | -€380 | -5.4% |
| Tangible fixed assets | 22/27 | €7,070 | €6,690 | -€380 | -5.4% |
| Plant, machinery and equipment | 23 | €3,752 | €4,267 | +€515 | +13.7% |
| Furniture and vehicles | 24 | €1,354 | €947 | -€407 | -30.1% |
| Other tangible fixed assets | 26 | €1,964 | €1,476 | -€488 | -24.9% |
| Current assets | 29/58 | €35,967 | €60,180 | +€24,213 | +67.3% |
| Amounts receivable within one year | 40/41 | €11,495 | €28,590 | +€17,095 | +149% |
| Trade receivables | 40 | €11,495 | €19,360 | +€7,865 | +68.4% |
| Other amounts receivable | 41 | €0 | €9,230 | +€9,230 | |
| Cash at bank and in hand | 54/58 | €21,250 | €28,475 | +€7,226 | +34.0% |
| Deferred charges and accrued income | 490/1 | €3,222 | €3,114 | -€108 | -3.4% |
| Total equity and liabilities | 10/49 | €43,037 | €66,870 | +€23,833 | +55.4% |
| Equity | 10/15 | €28,880 | €49,172 | +€20,291 | +70.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,880 | €47,172 | +€20,291 | +75.5% |
| Amounts payable | 17/49 | €14,157 | €17,698 | +€3,541 | +25.0% |
| Amounts payable within one year | 42/48 | €14,157 | €17,698 | +€3,541 | +25.0% |
| Trade debts | 44 | €2,140 | €2,563 | +€423 | +19.8% |
| Suppliers | 440/4 | €2,140 | €2,563 | +€423 | +19.8% |
| Taxes, remuneration and social security | 45 | €10,742 | €15,135 | +€4,393 | +40.9% |
| Taxes | 450/3 | €10,742 | €15,135 | +€4,393 | +40.9% |
| Other amounts payable | 47/48 | €1,275 | €0 | -€1,275 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,927 | €2,727 | +€800 | +41.5% |
| Other operating charges | 640/8 | €1,071 | €989 | -€82 | -7.6% |
| Gross operating margin | 9900 | €28,509 | €29,015 | +€506 | +1.8% |
| Operating profit (loss) | 9901 | €25,511 | €25,299 | -€212 | -0.8% |
| Financial income | 75/76B | - | €512 | +€512 | |
| Recurring financial income | 75 | - | €512 | +€512 | |
| Financial charges | 65/66B | €550 | €460 | -€90 | -16.3% |
| Recurring financial charges | 65 | €550 | €460 | -€90 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €24,961 | €25,351 | +€389 | +1.6% |
| Income taxes | 67/77 | €4,944 | €5,059 | +€115 | +2.3% |
| Profit (loss) for the period | 9904 | €20,017 | €20,291 | +€274 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,017 | €20,291 | +€274 | +1.4% |
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 16 October 2026 via checked.be.