Guest: 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.
Guest
Largest movements
- Cash +€35,711
up €35,711 (+26.6%), from €134,148 to €169,860
mainly Net result for the year (+€194,427) and Other debts (+€149,972)
- Tangible fixed assets -€16,649
down €16,649 (-6.1%), from €271,140 to €254,492
of which Furniture and vehicles: -€16,212
- Reserves -€185,514
down €185,514 (-100.0%), from €185,514 to €0
- Other debts +€149,972
up €149,972 (+87.2%), from €172,064 to €322,035
- Tax, wage and social debts +€61,987
up €61,987 (+310.3%), from €19,974 to €81,961
- Current portion of long-term debt -€9,863
down €9,863 (-100.0%), from €9,863 to €0
- Gross operating margin +€11,302
up €11,302 (+4.2%), from €268,115 to €279,416
- Depreciation +€3,873
up €3,873 (+19.9%), from €19,417 to €23,290
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 | €407,512 | €425,290 | +€17,779 | +4.4% |
| Fixed assets | 21/28 | €271,140 | €254,492 | -€16,649 | -6.1% |
| Tangible fixed assets | 22/27 | €271,140 | €254,492 | -€16,649 | -6.1% |
| Land and buildings | 22 | €220,231 | €213,714 | -€6,517 | -3.0% |
| Furniture and vehicles | 24 | €50,910 | €34,697 | -€16,212 | -31.8% |
| Other tangible fixed assets | 26 | - | €6,080 | +€6,080 | |
| Current assets | 29/58 | €136,372 | €170,799 | +€34,427 | +25.2% |
| Amounts receivable within one year | 40/41 | €1,339 | €0 | -€1,339 | -100.0% |
| Other amounts receivable | 41 | €1,339 | €0 | -€1,339 | -100.0% |
| Cash at bank and in hand | 54/58 | €134,148 | €169,860 | +€35,711 | +26.6% |
| Deferred charges and accrued income | 490/1 | €885 | €939 | +€54 | +6.2% |
| Total equity and liabilities | 10/49 | €407,512 | €425,290 | +€17,779 | +4.4% |
| Equity | 10/15 | €204,114 | €18,600 | -€185,514 | -90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,514 | €0 | -€185,514 | -100.0% |
| Distributable reserves | 133 | €185,514 | €0 | -€185,514 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €203,398 | €406,690 | +€203,292 | +99.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €202,898 | €406,190 | +€203,292 | +100.2% |
| Current portion of amounts payable after more than one year | 42 | €9,863 | €0 | -€9,863 | -100.0% |
| Trade debts | 44 | €998 | €2,195 | +€1,197 | +119.9% |
| Suppliers | 440/4 | €998 | €2,195 | +€1,197 | +119.9% |
| Taxes, remuneration and social security | 45 | €19,974 | €81,961 | +€61,987 | +310.3% |
| Taxes | 450/3 | €19,974 | €81,961 | +€61,987 | +310.3% |
| Other amounts payable | 47/48 | €172,064 | €322,035 | +€149,972 | +87.2% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,417 | €23,290 | +€3,873 | +19.9% |
| Other operating charges | 640/8 | €2,399 | €2,790 | +€391 | +16.3% |
| Gross operating margin | 9900 | €268,115 | €279,416 | +€11,302 | +4.2% |
| Operating profit (loss) | 9901 | €246,298 | €253,336 | +€7,038 | +2.9% |
| Financial income | 75/76B | €899 | €1,403 | +€504 | +56.1% |
| Recurring financial income | 75 | €899 | €1,403 | +€504 | +56.1% |
| Financial charges | 65/66B | €860 | €175 | -€684 | -79.6% |
| Recurring financial charges | 65 | €860 | €175 | -€684 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €246,337 | €254,563 | +€8,226 | +3.3% |
| Income taxes | 67/77 | €60,824 | €60,136 | -€688 | -1.1% |
| Profit (loss) for the period | 9904 | €185,514 | €194,427 | +€8,914 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €185,514 | €194,427 | +€8,914 | +4.8% |
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 4 October 2026 via checked.be.