Growtactic: 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.
Growtactic
Largest movements
- Receivables within one year -€44,243
down €44,243 (-56.5%), from €78,323 to €34,080
of which Trade receivables: -€32,303
- Cash +€16,012
up €16,012 (+77.8%), from €20,588 to €36,600
mainly Net result for the year (+€47,256) and Receivables within one year (+€44,243)
- Tangible fixed assets -€1,841
down €1,841 (-28.7%), from €6,420 to €4,579
- Deferred charges and accrued income +€1,776
up €1,776 (+127%), from €1,393 to €3,169
- Reserves -€76,152
down €76,152 (-55.7%), from €136,800 to €60,648
- Other debts +€28,618
up €28,618 (+248%), from €11,550 to €40,168
- Tax, wage and social debts +€15,493
up €15,493 (+76.1%), from €20,361 to €35,854
- Trade debts +€2,428
up €2,428 (+115%), from €2,111 to €4,539
- Depreciation -€1,644
down €1,644 (-47.2%), from €3,485 to €1,841
- Financial income +€958
up €958 (+7,349%), from €13 to €971
- Other operating charges +€863
up €863 (+83.0%), from €1,039 to €1,901
- Taxes -€798
down €798 (-6.3%), from €12,599 to €11,801
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 | €171,822 | €143,526 | -€28,296 | -16.5% |
| Fixed assets | 21/28 | €6,420 | €4,579 | -€1,841 | -28.7% |
| Tangible fixed assets | 22/27 | €6,420 | €4,579 | -€1,841 | -28.7% |
| Furniture and vehicles | 24 | €6,420 | €4,579 | -€1,841 | -28.7% |
| Current assets | 29/58 | €165,403 | €138,948 | -€26,455 | -16.0% |
| Amounts receivable after more than one year | 29 | €57,760 | €57,760 | = | 0.0% |
| Other amounts receivable | 291 | €57,760 | €57,760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,323 | €34,080 | -€44,243 | -56.5% |
| Trade receivables | 40 | €38,143 | €5,840 | -€32,303 | -84.7% |
| Other amounts receivable | 41 | €40,180 | €28,240 | -€11,940 | -29.7% |
| Current investments | 50/53 | €7,338 | €7,338 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,588 | €36,600 | +€16,012 | +77.8% |
| Deferred charges and accrued income | 490/1 | €1,393 | €3,169 | +€1,776 | +127% |
| Total equity and liabilities | 10/49 | €171,822 | €143,526 | -€28,296 | -16.5% |
| Equity | 10/15 | €137,800 | €61,648 | -€76,152 | -55.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €136,800 | €60,648 | -€76,152 | -55.7% |
| Distributable reserves | 133 | €136,800 | €60,648 | -€76,152 | -55.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,022 | €81,878 | +€47,856 | +141% |
| Amounts payable within one year | 42/48 | €34,022 | €80,561 | +€46,539 | +137% |
| Trade debts | 44 | €2,111 | €4,539 | +€2,428 | +115% |
| Suppliers | 440/4 | €2,111 | €4,539 | +€2,428 | +115% |
| Taxes, remuneration and social security | 45 | €20,361 | €35,854 | +€15,493 | +76.1% |
| Taxes | 450/3 | €20,361 | €35,854 | +€15,493 | +76.1% |
| Other amounts payable | 47/48 | €11,550 | €40,168 | +€28,618 | +248% |
| Accrued charges and deferred income | 492/3 | - | €1,317 | +€1,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,485 | €1,841 | -€1,644 | -47.2% |
| Other operating charges | 640/8 | €1,039 | €1,901 | +€863 | +83.0% |
| Gross operating margin | 9900 | €62,066 | €61,953 | -€113 | -0.2% |
| Operating profit (loss) | 9901 | €57,542 | €58,211 | +€669 | +1.2% |
| Financial income | 75/76B | €13 | €971 | +€958 | +7,349% |
| Recurring financial income | 75 | €13 | €971 | +€958 | +7,349% |
| Financial charges | 65/66B | €135 | €125 | -€10 | -7.5% |
| Recurring financial charges | 65 | €135 | €125 | -€10 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €57,420 | €59,057 | +€1,637 | +2.9% |
| Income taxes | 67/77 | €12,599 | €11,801 | -€798 | -6.3% |
| Profit (loss) for the period | 9904 | €44,821 | €47,256 | +€2,435 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,821 | €47,256 | +€2,435 | +5.4% |
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 1 November 2026 via checked.be.