Green Red: 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.
Green Red
Largest movements
- Receivables within one year +€154,154
up €154,154 (+81.4%), from €189,302 to €343,456
- Stocks and contracts -€95,000
down €95,000 (-20.0%), from €475,000 to €380,000
- Cash +€16,040
up €16,040 (+97.6%), from €16,439 to €32,479
mainly Stocks and contracts (+€95,000) and Net result for the year (+€74,247)
- Profit (loss) carried forward +€74,247
up €74,247, from -€70,760 to €3,488
- Gross operating margin +€81,564
up €81,564, from -€2,270 to €79,293
- Other operating charges +€3,601
up €3,601 (+2721.4%), from €132 to €3,733
- Financial income -€2,677
no longer reported in 2025 (was €2,677)
- Taxes +€947
new in 2025: €947
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 | €682,240 | €757,434 | +€75,194 | +11.0% |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €680,740 | €755,934 | +€75,194 | +11.0% |
| Stocks and contracts in progress | 3 | €475,000 | €380,000 | -€95,000 | -20.0% |
| Stocks | 30/36 | €475,000 | €380,000 | -€95,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €189,302 | €343,456 | +€154,154 | +81.4% |
| Other amounts receivable | 41 | €189,302 | €343,456 | +€154,154 | +81.4% |
| Cash at bank and in hand | 54/58 | €16,439 | €32,479 | +€16,040 | +97.6% |
| Total equity and liabilities | 10/49 | €682,240 | €757,434 | +€75,194 | +11.0% |
| Equity | 10/15 | -€67,760 | €6,488 | +€74,247 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,760 | €3,488 | +€74,247 | |
| Amounts payable | 17/49 | €750,000 | €750,947 | +€947 | +0.1% |
| Amounts payable within one year | 42/48 | €750,000 | €750,947 | +€947 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €750,000 | €750,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €947 | +€947 | |
| Taxes | 450/3 | - | €947 | +€947 | |
| Other operating charges | 640/8 | €132 | €3,733 | +€3,601 | +2721.4% |
| Gross operating margin | 9900 | -€2,270 | €79,293 | +€81,564 | |
| Operating profit (loss) | 9901 | -€2,402 | €75,560 | +€77,963 | |
| Financial income | 75/76B | €2,677 | - | -€2,677 | |
| Recurring financial income | 75 | €2,677 | - | -€2,677 | |
| Financial charges | 65/66B | €161 | €367 | +€205 | +127.5% |
| Recurring financial charges | 65 | €161 | €367 | +€205 | +127.5% |
| Profit (loss) for the period before taxes | 9903 | €113 | €75,194 | +€75,081 | +66455.0% |
| Income taxes | 67/77 | - | €947 | +€947 | |
| Profit (loss) for the period | 9904 | €113 | €74,247 | +€74,134 | +65617.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113 | €74,247 | +€74,134 | +65617.0% |
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 10 October 2026 via checked.be.