GRAFIC ALL: 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.
GRAFIC ALL
Largest movements
- Current investments +€52,000
new in 2025: €52,000
- Tangible fixed assets -€16,677
down €16,677 (-75.8%), from €22,006 to €5,328
of which Furniture and vehicles: -€16,333
- Receivables within one year -€9,218
down €9,218 (-51.5%), from €17,886 to €8,668
of which Trade receivables: -€9,061
- Cash +€8,178
up €8,178 (+9.4%), from €86,753 to €94,931
mainly Net result for the year (+€29,940) and Depreciation (+€17,616)
- Reserves +€29,107
up €29,107 (+32.3%), from €90,211 to €119,319
of which Distributable reserves: +€29,107
- Tax, wage and social debts +€15,704
up €15,704 (+220.0%), from €7,137 to €22,841
- Current portion of long-term debt -€10,159
down €10,159 (-98.6%), from €10,308 to €148
- Other debts +€4,149
up €4,149 (+498.0%), from €833 to €4,982
- Trade debts -€4,115
down €4,115 (-44.4%), from €9,276 to €5,161
- Gross operating margin +€22,092
up €22,092 (+57.4%), from €38,509 to €60,601
- Taxes +€7,420
up €7,420 (+140.1%), from €5,295 to €12,715
- Depreciation -€3,275
down €3,275 (-15.7%), from €20,891 to €17,616
- Financial income +€687
up €687 (+92.7%), from €741 to €1,428
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 | €130,314 | €164,851 | +€34,537 | +26.5% |
| Fixed assets | 21/28 | €22,006 | €5,328 | -€16,677 | -75.8% |
| Tangible fixed assets | 22/27 | €22,006 | €5,328 | -€16,677 | -75.8% |
| Plant, machinery and equipment | 23 | €1,032 | €688 | -€344 | -33.3% |
| Furniture and vehicles | 24 | €20,973 | €4,640 | -€16,333 | -77.9% |
| Current assets | 29/58 | €108,308 | €159,523 | +€51,215 | +47.3% |
| Stocks and contracts in progress | 3 | €2,002 | €1,867 | -€135 | -6.7% |
| Stocks | 30/36 | €2,002 | €1,867 | -€135 | -6.7% |
| Amounts receivable within one year | 40/41 | €17,886 | €8,668 | -€9,218 | -51.5% |
| Trade receivables | 40 | €17,692 | €8,630 | -€9,061 | -51.2% |
| Other amounts receivable | 41 | €194 | €37 | -€157 | -80.8% |
| Current investments | 50/53 | - | €52,000 | +€52,000 | |
| Cash at bank and in hand | 54/58 | €86,753 | €94,931 | +€8,178 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,666 | €2,056 | +€390 | +23.4% |
| Total equity and liabilities | 10/49 | €130,314 | €164,851 | +€34,537 | +26.5% |
| Equity | 10/15 | €102,611 | €131,719 | +€29,107 | +28.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €90,211 | €119,319 | +€29,107 | +32.3% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,609 | €4,609 | = | 0.0% |
| Distributable reserves | 133 | €84,363 | €113,470 | +€29,107 | +34.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,702 | €33,132 | +€5,430 | +19.6% |
| Amounts payable after more than one year | 17 | €148 | €0 | -€148 | -100.0% |
| Financial debts | 170/4 | €148 | €0 | -€148 | -100.0% |
| Amounts payable within one year | 42/48 | €27,554 | €33,132 | +€5,578 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €10,308 | €148 | -€10,159 | -98.6% |
| Trade debts | 44 | €9,276 | €5,161 | -€4,115 | -44.4% |
| Suppliers | 440/4 | €9,276 | €5,161 | -€4,115 | -44.4% |
| Taxes, remuneration and social security | 45 | €7,137 | €22,841 | +€15,704 | +220.0% |
| Taxes | 450/3 | €7,137 | €22,841 | +€15,704 | +220.0% |
| Other amounts payable | 47/48 | €833 | €4,982 | +€4,149 | +498.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,891 | €17,616 | -€3,275 | -15.7% |
| Other operating charges | 640/8 | €985 | €1,052 | +€66 | +6.7% |
| Gross operating margin | 9900 | €38,509 | €60,601 | +€22,092 | +57.4% |
| Operating profit (loss) | 9901 | €16,633 | €41,933 | +€25,300 | +152.1% |
| Financial income | 75/76B | €741 | €1,428 | +€687 | +92.7% |
| Recurring financial income | 75 | €741 | €1,428 | +€687 | +92.7% |
| Financial charges | 65/66B | €1,080 | €706 | -€374 | -34.6% |
| Recurring financial charges | 65 | €1,080 | €706 | -€374 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €16,294 | €42,655 | +€26,361 | +161.8% |
| Income taxes | 67/77 | €5,295 | €12,715 | +€7,420 | +140.1% |
| Profit (loss) for the period | 9904 | €10,999 | €29,940 | +€18,941 | +172.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,999 | €29,940 | +€18,941 | +172.2% |
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.