Guía: 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.
Guía
Largest movements
- Receivables within one year +€77,544
up €77,544 (+145.8%), from €53,172 to €130,715
of which Trade receivables: +€78,306
- Cash -€60,301
down €60,301 (-81.3%), from €74,195 to €13,894
mainly Receivables within one year (-€77,544) and Contributions, distributions and other (-€75,000)
- Tangible fixed assets -€2,506
down €2,506 (-50.4%), from €4,972 to €2,466
- Other debts +€25,000
up €25,000, from €0 to €25,000
- Tax, wage and social debts -€11,518
down €11,518 (-33.3%), from €34,589 to €23,071
- Trade debts +€2,149
up €2,149 (+2683.1%), from €80 to €2,229
- Gross operating margin +€15,558
up €15,558 (+18.5%), from €84,059 to €99,617
- Taxes +€2,850
up €2,850 (+16.5%), from €17,249 to €20,100
- Depreciation +€1,262
up €1,262 (+101.4%), from €1,245 to €2,506
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 | €134,636 | €150,029 | +€15,393 | +11.4% |
| Fixed assets | 21/28 | €5,302 | €2,796 | -€2,506 | -47.3% |
| Tangible fixed assets | 22/27 | €4,972 | €2,466 | -€2,506 | -50.4% |
| Furniture and vehicles | 24 | €4,972 | €2,466 | -€2,506 | -50.4% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €129,334 | €147,233 | +€17,899 | +13.8% |
| Amounts receivable within one year | 40/41 | €53,172 | €130,715 | +€77,544 | +145.8% |
| Trade receivables | 40 | €51,968 | €130,274 | +€78,306 | +150.7% |
| Other amounts receivable | 41 | €1,204 | €442 | -€762 | -63.3% |
| Cash at bank and in hand | 54/58 | €74,195 | €13,894 | -€60,301 | -81.3% |
| Deferred charges and accrued income | 490/1 | €1,967 | €2,623 | +€656 | +33.4% |
| Total equity and liabilities | 10/49 | €134,636 | €150,029 | +€15,393 | +11.4% |
| Equity | 10/15 | €98,475 | €98,695 | +€221 | +0.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €95,475 | €95,695 | +€221 | +0.2% |
| Distributable reserves | 133 | €95,475 | €95,695 | +€221 | +0.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €36,162 | €51,334 | +€15,172 | +42.0% |
| Amounts payable within one year | 42/48 | €36,162 | €51,334 | +€15,172 | +42.0% |
| Financial debts | 43 | €1,493 | €1,033 | -€460 | -30.8% |
| Credit institutions | 430/8 | €1,493 | €1,033 | -€460 | -30.8% |
| Trade debts | 44 | €80 | €2,229 | +€2,149 | +2683.1% |
| Suppliers | 440/4 | €80 | €2,229 | +€2,149 | +2683.1% |
| Taxes, remuneration and social security | 45 | €34,589 | €23,071 | -€11,518 | -33.3% |
| Taxes | 450/3 | €34,589 | €23,071 | -€11,518 | -33.3% |
| Other amounts payable | 47/48 | €0 | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,245 | €2,506 | +€1,262 | +101.4% |
| Other operating charges | 640/8 | €386 | €829 | +€444 | +115.1% |
| Gross operating margin | 9900 | €84,059 | €99,617 | +€15,558 | +18.5% |
| Operating profit (loss) | 9901 | €82,429 | €96,282 | +€13,853 | +16.8% |
| Financial income | 75/76B | €11 | €12 | +€1 | +10.2% |
| Recurring financial income | 75 | €11 | €12 | +€1 | +10.2% |
| Financial charges | 65/66B | €1,793 | €974 | -€819 | -45.7% |
| Recurring financial charges | 65 | €1,793 | €974 | -€819 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €80,647 | €95,320 | +€14,673 | +18.2% |
| Income taxes | 67/77 | €17,249 | €20,100 | +€2,850 | +16.5% |
| Profit (loss) for the period | 9904 | €63,398 | €75,221 | +€11,823 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,398 | €75,221 | +€11,823 | +18.6% |
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 8 October 2026 via checked.be.