green room: 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 room
Largest movements
- Receivables within one year +€274,536
up €274,536 (+247.8%), from €110,801 to €385,337
of which Trade receivables: +€320,905
- Deferred charges and accrued income -€134,656
down €134,656 (-99.3%), from €135,652 to €996
- Cash +€131,571
up €131,571 (+22.3%), from €590,488 to €722,059
mainly Net result for the year (+€290,640) and Other debts (+€146,316)
- Receivables after one year -€12,000
down €12,000 (-55.1%), from €21,797 to €9,797
- Reserves +€290,640
up €290,640 (+3162.1%), from €9,192 to €299,832
of which Distributable reserves: +€290,640
- Debts after one year -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Other debts +€146,316
up €146,316 (+333.1%), from €43,923 to €190,238
- Tax, wage and social debts +€93,099
up €93,099 (+133.7%), from €69,616 to €162,716
- Trade debts -€21,135
down €21,135 (-68.6%), from €30,793 to €9,658
- Gross operating margin +€208,849
up €208,849 (+86.1%), from €242,455 to €451,304
- Taxes +€78,923
up €78,923 (+119.4%), from €66,092 to €145,016
- Financial charges -€20,435
down €20,435 (-57.4%), from €35,583 to €15,147
- Other operating charges -€5,639
down €5,639 (-58.4%), from €9,656 to €4,017
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 | €860,527 | €1,118,832 | +€258,306 | +30.0% |
| Fixed assets | 21/28 | €1,789 | €644 | -€1,145 | -64.0% |
| Tangible fixed assets | 22/27 | €1,789 | €644 | -€1,145 | -64.0% |
| Plant, machinery and equipment | 23 | €525 | €0 | -€525 | -100.0% |
| Furniture and vehicles | 24 | €1,264 | €644 | -€620 | -49.1% |
| Current assets | 29/58 | €858,738 | €1,118,189 | +€259,451 | +30.2% |
| Amounts receivable after more than one year | 29 | €21,797 | €9,797 | -€12,000 | -55.1% |
| Other amounts receivable | 291 | €21,797 | €9,797 | -€12,000 | -55.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €110,801 | €385,337 | +€274,536 | +247.8% |
| Trade receivables | 40 | €64,432 | €385,337 | +€320,905 | +498.1% |
| Other amounts receivable | 41 | €46,369 | €0 | -€46,369 | -100.0% |
| Cash at bank and in hand | 54/58 | €590,488 | €722,059 | +€131,571 | +22.3% |
| Deferred charges and accrued income | 490/1 | €135,652 | €996 | -€134,656 | -99.3% |
| Total equity and liabilities | 10/49 | €860,527 | €1,118,832 | +€258,306 | +30.0% |
| Equity | 10/15 | €459,082 | €749,723 | +€290,640 | +63.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,192 | €299,832 | +€290,640 | +3162.1% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €7,392 | €298,032 | +€290,640 | +3932.1% |
| Profit (loss) carried forward | 14 | €443,691 | €443,691 | = | 0.0% |
| Amounts payable | 17/49 | €401,444 | €369,109 | -€32,335 | -8.1% |
| Amounts payable after more than one year | 17 | €250,000 | €0 | -€250,000 | -100.0% |
| Financial debts | 170/4 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts payable within one year | 42/48 | €144,332 | €362,612 | +€218,280 | +151.2% |
| Trade debts | 44 | €30,793 | €9,658 | -€21,135 | -68.6% |
| Suppliers | 440/4 | €30,793 | €9,658 | -€21,135 | -68.6% |
| Taxes, remuneration and social security | 45 | €69,616 | €162,716 | +€93,099 | +133.7% |
| Taxes | 450/3 | €69,616 | €162,716 | +€93,099 | +133.7% |
| Other amounts payable | 47/48 | €43,923 | €190,238 | +€146,316 | +333.1% |
| Accrued charges and deferred income | 492/3 | €7,113 | €6,498 | -€615 | -8.6% |
| Remuneration, social security and pensions | 62 | - | €104 | +€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145 | €1,145 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,656 | €4,017 | -€5,639 | -58.4% |
| Gross operating margin | 9900 | €242,455 | €451,304 | +€208,849 | +86.1% |
| Operating profit (loss) | 9901 | €231,653 | €446,038 | +€214,384 | +92.5% |
| Financial income | 75/76B | €6,133 | €4,766 | -€1,367 | -22.3% |
| Recurring financial income | 75 | €6,133 | €4,766 | -€1,367 | -22.3% |
| Financial charges | 65/66B | €35,583 | €15,147 | -€20,435 | -57.4% |
| Recurring financial charges | 65 | €35,583 | €15,147 | -€20,435 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €202,203 | €435,656 | +€233,453 | +115.5% |
| Income taxes | 67/77 | €66,092 | €145,016 | +€78,923 | +119.4% |
| Profit (loss) for the period | 9904 | €136,111 | €290,640 | +€154,530 | +113.5% |
| Profit (loss) for the period to be appropriated | 9905 | €136,111 | €290,640 | +€154,530 | +113.5% |
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 10 October 2026 via checked.be.