Grow with the flow: 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.
Grow with the flow
Largest movements
- Cash +€20,432
up €20,432 (+47.7%), from €42,815 to €63,247
mainly Accrued charges and deferred income (+€27,038) and Depreciation (+€11,348)
- Receivables within one year -€9,310
down €9,310 (-51.2%), from €18,198 to €8,888
of which Trade receivables: -€10,164
- Tangible fixed assets -€8,365
down €8,365 (-32.6%), from €25,687 to €17,322
of which Furniture and vehicles: -€8,036
- Receivables after one year -€5,800
down €5,800 (-4.7%), from €122,369 to €116,569
of which Trade receivables: -€122,369
- Reserves -€29,000
down €29,000 (-100%), from €29,000 to €0
- Accrued charges and deferred income +€27,038
new in 2025: €27,038
- Profit (loss) carried forward +€8,745
up €8,745 (+6.5%), from €134,742 to €143,487
- Other debts -€5,100
down €5,100 (-14.0%), from €36,540 to €31,440
- Tax, wage and social debts -€2,450
down €2,450 (-29.3%), from €8,368 to €5,918
- Gross operating margin +€7,255
up €7,255 (+54.5%), from €13,323 to €20,578
- Depreciation +€930
up €930 (+8.9%), from €10,418 to €11,348
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 | €210,487 | €208,131 | -€2,356 | -1.1% |
| Fixed assets | 21/28 | €25,687 | €17,322 | -€8,365 | -32.6% |
| Tangible fixed assets | 22/27 | €25,687 | €17,322 | -€8,365 | -32.6% |
| Plant, machinery and equipment | 23 | €956 | €627 | -€329 | -34.4% |
| Furniture and vehicles | 24 | €24,730 | €16,694 | -€8,036 | -32.5% |
| Current assets | 29/58 | €184,800 | €190,809 | +€6,009 | +3.3% |
| Amounts receivable after more than one year | 29 | €122,369 | €116,569 | -€5,800 | -4.7% |
| Trade receivables | 290 | €122,369 | €0 | -€122,369 | -100% |
| Other amounts receivable | 291 | - | €116,569 | +€116,569 | |
| Amounts receivable within one year | 40/41 | €18,198 | €8,888 | -€9,310 | -51.2% |
| Trade receivables | 40 | €10,164 | €0 | -€10,164 | -100% |
| Other amounts receivable | 41 | €8,034 | €8,888 | +€854 | +10.6% |
| Cash at bank and in hand | 54/58 | €42,815 | €63,247 | +€20,432 | +47.7% |
| Deferred charges and accrued income | 490/1 | €1,418 | €2,105 | +€687 | +48.5% |
| Total equity and liabilities | 10/49 | €210,487 | €208,131 | -€2,356 | -1.1% |
| Equity | 10/15 | €163,842 | €143,587 | -€20,256 | -12.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €29,000 | €0 | -€29,000 | -100% |
| Distributable reserves | 133 | €29,000 | €0 | -€29,000 | -100% |
| Profit (loss) carried forward | 14 | €134,742 | €143,487 | +€8,745 | +6.5% |
| Amounts payable | 17/49 | €46,644 | €64,544 | +€17,899 | +38.4% |
| Amounts payable within one year | 42/48 | €46,644 | €37,506 | -€9,138 | -19.6% |
| Trade debts | 44 | €1,736 | €149 | -€1,588 | -91.4% |
| Suppliers | 440/4 | €1,736 | €149 | -€1,588 | -91.4% |
| Taxes, remuneration and social security | 45 | €8,368 | €5,918 | -€2,450 | -29.3% |
| Taxes | 450/3 | €8,368 | €5,918 | -€2,450 | -29.3% |
| Other amounts payable | 47/48 | €36,540 | €31,440 | -€5,100 | -14.0% |
| Accrued charges and deferred income | 492/3 | - | €27,038 | +€27,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,418 | €11,348 | +€930 | +8.9% |
| Other operating charges | 640/8 | €544 | €560 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | €1,147 | €0 | -€1,147 | -100% |
| Gross operating margin | 9900 | €13,323 | €20,578 | +€7,255 | +54.5% |
| Operating profit (loss) | 9901 | €1,213 | €8,670 | +€7,456 | +615% |
| Financial income | 75/76B | €451 | €300 | -€150 | -33.3% |
| Recurring financial income | 75 | €451 | €300 | -€150 | -33.3% |
| Financial charges | 65/66B | €90 | €91 | +€1 | +1.0% |
| Recurring financial charges | 65 | €90 | €91 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €1,574 | €8,879 | +€7,305 | +464% |
| Income taxes | 67/77 | €157 | €135 | -€22 | -14.0% |
| Profit (loss) for the period | 9904 | €1,417 | €8,745 | +€7,327 | +517% |
| Profit (loss) for the period to be appropriated | 9905 | €1,417 | €8,745 | +€7,327 | +517% |
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 22 October 2026 via checked.be.